San Francisco — Williams-Sonoma, Inc. has released its Annual Impact Report and announced several new ambitious goals to further differentiate WSI as the industry leader of sustainable home furnishings.
The Annual Impact Report shares the company’s progress and achievements across its three sustainability pillars: people, planet and purpose. The 2020 report also highlights a new goal of having 75% of all WSI products represent one or more of the company’s social and environmental initiatives by 2030, up from 40% as of today. This commitment represents over $1 billion in product purchases a year.
The scorecard also showcases the company’s progress towards previously-announced goals – several of which have been met or exceeded including:
- PLANET GOAL: 50% of assortment to be made using responsibly sourced wood by 2021
>>>Progress: Goal was met and exceeded a year early with currently 65% of WSI’s assortment being made of responsibly sourced wood
- PLANET GOAL: Pottery Barn will plant 3 million trees by 2023
>>>Progress: On track with goal having planted more than 650,000 trees within first year of announcing goal and 1 million trees to date
- PEOPLE GOAL: Educate & empower 100,000 workers within the WSI supply chain by 2020
>>>Progress: Goal achieved
- PEOPLE GOAL: Pay $3 Million in Fair Trade Premiums by 2020
>>>Progress: WSI doubled the company’s goal in 2020, paying $7.2 million in Fair Trade Premiums and became the first Fair Trade Certified home retailer
- PURPOSE GOAL: Exceed 2019 WSI corporate giving donations
>>>Progress: WSI doubled annual giving numbers — donating nearly $45 million in corporate, customer & associate donations to various causes
Earlier this year, WSI set a Science-Based Target (SBT) for emissions reduction across its value chain by 2030, including the goal of carbon neutrality in the company’s own operations by 2025. Williams-Sonoma, Inc. is one of the first in its industry to work with the Science-Based Targets initiative to reduce its emissions in line with climate science. Aligned with the Paris Climate Agreement, the company has set a SBT that will help keep global warming below 2 degrees Celsius to avoid the worst effect of the climate crisis while establishing a pathway to net-zero emissions.
For more information, visit https://sustainability.williams-sonomainc.com/.
SOURCE: Williams-Sonoma, Inc.