The Lovesac Company Publishes 2024 ESG Report
The Lovesac Company Publishes 2024 ESG Report
STAMFORD, Conn., Dec. 20, 2024 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: LOVE) ("Lovesac" or the "Company"), the home furnishing brand best known for its Sactionals, The World's Most Adaptable Couch, has released its ESG & Impact Report for the 2024 fiscal year ended February 4, 2024. This report highlights the company's continued commitment to environmental sustainability, social responsibility, and governance ("ESG").
康涅狄格州斯坦福,2024年12月20日(GLOBE NEWSWIRE)——以其Sactionals(全球適應性最強的沙發而聞名的家居品牌)Lovesac Company(納斯達克股票代碼:LOVE)(「Lovesac」 或 「公司」)發佈了截至2024年2月4日的2024財年ESG與影響力報告。該報告強調了公司對環境可持續性、社會責任和治理(「ESG」)的持續承諾。
Shawn Nelson, Chief Executive Officer, stated, "Lovesac's commitment to sustainability and responsible business practices is at the heart of our operations. We are dedicated to creating products that are Designed for Life, reducing our environmental impact, and fostering a culture of integrity and responsibility. Our ESG pillars of Earth, Love, and Purpose guide us in making decisions that benefit our customers, associates, shareholders, and the communities we serve. As we look to the future, we remain committed to leading by example and inspiring positive change in our industry. Together, we can create a brighter, greener, and more sustainable world for generations to come."
首席執行官肖恩·納爾遜表示:「Lovesac對可持續發展和負責任商業行爲的承諾是我們運營的核心。我們致力於創造專爲生命而設計的產品,減少對環境的影響,培養誠信和責任的文化。我們的 ESG 支柱 「地球、愛與目標」 指導我們做出有利於客戶、員工、股東和我們所服務的社區的決策。展望未來,我們將繼續致力於以身作則,激發行業的積極變革。我們可以共同爲子孫後代創造一個更明亮、更綠色、更可持續的世界。」
Lovesac's ESG framework relies on aspects of the Sustainability Accounting Standards Board (SASB) Building Products and Furnishings and Multiline and Specialty Retailers & Distributors standard. The strategy also takes inspiration from the United Nations Sustainable Development Goals to align Lovesac's strategic purpose with global social and environmental priorities. This latest ESG report includes Lovesac's progress to meeting their long-term environmental, social, and purpose-focused goals.
Lovesac的ESG框架依賴於可持續發展會計準則委員會(SASB)建築產品和傢具以及多線和專業零售商和分銷商標準的各個方面。該戰略還從聯合國可持續發展目標中汲取靈感,使Lovesac的戰略目標與全球社會和環境優先事項保持一致。這份最新的ESG報告包括Lovesac在實現其長期環境、社會和目標目標方面的進展。
Key highlights include:
主要亮點包括:
- ESG targets focus on three key pillars which Lovesac designates as Earth, Love, and Purpose. The report covers plans for ESG improvements in these areas over the next two decades.
- LOVE: Lovesac continues to foster a culture that embraces and celebrates the experiences, beliefs, backgrounds, expertise, talent, and individuality of everyone. With 48% of women in leadership roles in Fiscal 2024, Lovesac has continued to make meaningful progress to include more women in leadership roles.
- EARTH: Lovesac has committed to repurpose 1 billion plastic bottles in its products' fabric and materials as supported by a partnership with REPREVE. By the end of Lovesac's fiscal year 2024, the partnership resulted in a total of more than 240 million bottles repurposed in the production of Lovesac product fabrics and materials.
- PURPOSE: Lovesac continuously aims to maintain the trust of their customers, shareholders, employees, partners, and communities. This trust is built on a commitment to integrity. When everyone at Lovesac follows strong policies, the integrity of our brand is reinforced. The Company is expanding its Sustainable Supply Chain program to include new transportation and warehousing vendors. Because the Company approaches its relationships in the same way it approaches its products—as a long-term investment—the Company's suppliers are committed to making products of enduring quality that uphold the high-performance standards we set for them.
- ESG 目標側重於三大支柱,Lovesac 將其指定爲地球、愛和宗旨。該報告涵蓋了未來二十年在這些領域改善ESG的計劃。
- 愛:Lovesac 繼續培育一種包容和慶祝每個人的經歷、信念、背景、專業知識、才華和個性的文化。2024財年,有48%的女性擔任領導職務,Lovesac在吸收更多女性擔任領導職務方面繼續取得有意義的進展。
- 地球:在與REPREVE合作的支持下,Lovesac承諾在其產品的面料和材料中重新使用10個塑料瓶。到Lovesac2024財年結束時,該合作伙伴關係使總共有超過24000萬瓶葡萄酒被重新用於生產Lovesac產品面料和材料。
- 目的:Lovesac 一直致力於維護客戶、股東、員工、合作伙伴和社區的信任。這種信任建立在對誠信的承諾之上。當 Lovesac 的每個人都遵循強有力的政策時,我們品牌的完整性就會得到加強。該公司正在擴大其可持續供應鏈計劃,以包括新的交通和倉儲供應商。由於公司對待關係的方式與對待產品的方式相同(作爲一項長期投資),因此公司的供應商致力於生產質量持久、符合我們爲他們設定的高性能標準的產品。
The report features the Company's continued goal to meet net-zero waste and emissions by 2040 and its Designed For Life principles on inventing and innovating in order to deliver more high-quality, sustainably manufactured product platforms in multiple categories across the home space.
該報告介紹了該公司的持續目標,即到2040年實現淨零廢物和排放,以及其 「爲生命而設計」 的原則,即發明和創新,以便在家居空間中提供更多高質量、可持續製造的多個類別的產品平台。
This report is Lovesac's fourth annual ESG report and is part of the Company's multi-phased ESG commitment to serve its customers, associates, communities, suppliers, and stakeholders in a way that benefits them all. Lovesac plans to advance and report on the progress of its ESG priorities through successive ESG reports.
該報告是Lovesac的第四份年度ESG報告,是公司多階段ESG承諾的一部分,即以使所有人受益的方式爲客戶、員工、社區、供應商和利益相關者提供服務。Lovesac計劃通過連續的ESG報告推進其ESG優先事項的進展並報告其進展情況。
Lovesac's 2024 ESG Report is available on the Company's website at
Lovesac 的 2024 年 ESG 報告可在公司網站上查閱,網址爲
Forward-Looking Statements
前瞻性陳述
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other legal authority. Forward-looking statements can be identified by such words as "continue," "may," "believe," "anticipate," "could," "should," "intend," "plan," "will," "strategy," "target," "goal," "expect," "strive," "vision," and "can" or variations of these terms and other similar expressions. Forward-looking statements inherently involve risks and uncertainties. For information on certain factors that could cause actual events or results to differ materially from our expectations, please see our filings with the Securities and Exchange Commission (SEC), including our most recently filed Amendment No. 2 to Form 10-K/A, Amendment No. 2 to Form 10-Q/A and Form 10-Qs and similar disclosures in subsequent reports filed with the SEC. Any forward-looking statements speak only as of the date on which we make it. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
本新聞稿包含1995年《私人證券訴訟改革法》和其他法律授權所指的前瞻性陳述。前瞻性陳述可以用 「繼續」、「可能」、「相信」、「預測」、「可以」、「應該」、「打算」、「計劃」、「將」、「戰略」、「目標」、「目標」、「期望」、「努力」、「願景」 和 「能」 等詞語來識別,或者這些術語和其他類似表述的變體。前瞻性陳述本質上涉及風險和不確定性。有關可能導致實際事件或結果與我們的預期存在重大差異的某些因素的信息,請參閱我們向美國證券交易委員會(SEC)提交的文件,包括我們最近提交的10-K/A表格第2號修正案、10-Q/A表和10-Q表的第2號修正案以及隨後向美國證券交易委員會提交的報告中的類似披露。任何前瞻性陳述僅代表我們發表之日。我們沒有義務更新任何前瞻性陳述,無論是由於新信息、未來事件還是其他原因。
About The Lovesac Company
關於 Lovesac 公司
Based in Stamford, Connecticut, The Lovesac Company is a technology driven company that designs, manufactures and sells unique, high-quality furniture derived through its proprietary Designed For Life approach which results in products that are built to last a lifetime and designed to evolve as our customers' lives do. Our current product offering is comprised of modular couches called Sactionals, premium foam beanbag chairs called Sacs, and their associated home decor accessories. Innovation is at the center of our design philosophy with all of our core products protected by a robust portfolio of utility patents. We market and sell our products primarily online directly at , supported by direct-to-consumer touch-feel points in the form of our own showrooms as well as through shop-in-shops and pop-up-shops with third party retailers. LOVESAC, SACTIONALS, DESIGNED FOR LIFE, and THE WORLD'S MOST ADAPTABLE COUCH are trademarks of The Lovesac Company and are Registered in the U.S. Patent and Trademark Office.
The Lovesac Company總部位於康涅狄格州斯坦福德,是一家以技術爲導向的公司,通過其專有的 「爲生活而設計」 的方法設計、製造和銷售獨特、高質量的傢具,該方法使產品能夠終身使用,並隨着客戶的生活而不斷髮展。我們目前的產品包括名爲Sactionals的模塊化沙發、名爲Sacs的優質泡沫沙灘椅及其相關的家居裝飾配件。創新是我們設計理念的核心,我們的所有核心產品都受到強大的實用專利組合的保護。我們主要在網上直接營銷和銷售我們的產品,並以我們自己的陳列室的形式直接面向消費者的觸覺點以及第三方零售商的店中店和快閃店提供支持。LOVESAC、SACTIONALS、專爲生活而設計,以及世界上適應性最強的沙發是 Lovesac 公司的商標,已在美國專利商標局註冊。
Investor Relations Contacts:
Caitlin Churchill, ICR
(203) 682-8200
InvestorRelations@lovesac.com
投資者關係聯繫人:
凱特琳·丘吉爾,ICR
(203) 682-8200
InvestorRelations@lovesac.com