{"id":799644,"date":"2025-01-10T16:28:40","date_gmt":"2025-01-10T21:28:40","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/la-z-boy-incorporated-releases-fy2024-impact-report-highlighting-sustainability-and-community-action\/"},"modified":"2025-01-10T16:28:40","modified_gmt":"2025-01-10T21:28:40","slug":"la-z-boy-incorporated-releases-fy2024-impact-report-highlighting-sustainability-and-community-action","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/la-z-boy-incorporated-releases-fy2024-impact-report-highlighting-sustainability-and-community-action\/","title":{"rendered":"La-Z-Boy Incorporated Releases FY2024 Impact Report Highlighting Sustainability and Community Action"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">MONROE, Mich., Jan.  10, 2025  (GLOBE NEWSWIRE) &#8212; La-Z-Boy Incorporated (NYSE: LZB), a global leader in the manufacture and retail of residential furniture, has released its fiscal year 2024 Impact Report: <em>Preserving Our Heritage, Transforming for Tomorrow<\/em>. Through this report, La-Z-Boy Incorporated details how sustainability is infused into its corporate strategy and operations as a core business principle, bolstered by its human-centered approach and intentional supply chain management practices to leave a positive impact on people, communities, and the planet.<\/p>\n<p>\u201cOur 2024 Impact Report is more than a reflection of our progress \u2014 it\u2019s a testament to what we can achieve when we stay true to our values,\u201d said Melinda Whittington, La-Z-Boy Incorporated Board Chair, President and Chief Executive Officer. \u201cTogether, we share a continued commitment to transforming our world through comfort, and this purpose is reflected in everything we do. From our consumer focus to our human-centered approach in development of our employees, to the care we bring to our manufacturing processes and our communities, we are intentional about our impact and what it means for the future.\u201d<\/p>\n<p>Key highlights for the fiscal year 2024 report include:<\/p>\n<ul type=\"disc\">\n<li>Received SBTi validation of our near-term targets, which include a 64 percent reduction in Scope 1 emissions, a 62 percent reduction in Scope 2 emissions, and a 51 percent reduction in Scope 3 emissions by fiscal year 2032, advancing the company toward its 2050 net-zero goal.<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>Reached a 96 percent recycling rate for all non-hazardous waste and a 20 percent year-over-year reduction in the generation of hazardous waste.<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>Renewable energy portfolio covered 75 percent of U.S. and 64 percent of global electricity consumption.<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>Company-wide adoption of the TranZform Initiative across all La-Z-Boy Incorporated manufacturing facilities, highlighting six core initiatives intended to foster sustainability and employee empowerment, such as Problem-Solving Culture and Waste Walks.<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>The La-Z-Boy Foundation donated over $1.4 million and, as the official furniture partner for the Ronald McDonald House Charities<sup>\u00ae<\/sup>, La-Z-Boy Incorporated gifted over 16,000 pieces globally.<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>Preserved, restored, and rewilded the 120-acre plot surrounding the company\u2019s World Headquarters in Monroe, Michigan, contributing to the health and enjoyment of employees and area wildlife. Additionally, the planting of a community garden led to 283 pounds of produce harvested as part of an investment in biodiversity.<\/li>\n<\/ul>\n<p>The report is grounded in Century Vision, the company\u2019s long-term business strategy that aims to elevate brand reach, strengthen enterprise capabilities, and drive profitable, sustainable growth in the lead-up to its 100th anniversary in 2027. Through this strategy, La-Z-Boy Incorporated is focused on creating a more agile, efficient, and people-centered business to ensure the company not only adapts to an evolving market but also leads the way in delivering meaningful, lasting impact for its shareholders, customers, employees, and communities.<\/p>\n<p>\u201cOur 2024 Impact Report highlights the measurable progress we\u2019ve made across key areas \u2014 reducing emissions, increasing resource efficiency, and strengthening our supply chain,\u201d said Tim McCurry, Vice President of Environmental Health &amp; Safety, Facilities, &amp; Sustainability at La-Z-Boy Incorporated. \u201cWe are mindful of the ways our manufacturing operations, product sourcing, and other business practices impact our environment and our industry, and every step we take brings us closer to a more sustainable future.\u201d<\/p>\n<p>Explore the highlights, visuals, and inspiring stories that demonstrate how La-Z-Boy Incorporated is transforming for tomorrow. Read the full report at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=33Z9VbrLsWqEn-5PZolRF1G8lm2KL9UFEaAElqVgbR4qo2u3zTsB5UUGKQhFkH9P1NgH0PX8vCh0HYUwYwrbLP2F95jeuBMLCXbPf0pO4gI3L9t0SsYRpFZWbDl1Plc27vkVSIRX7Z5apH_6jKymFQyuPz72Ae-YzRJLlMXHyg4=\" rel=\"nofollow\" target=\"_blank\">https:\/\/www.la-z-boy.com\/News\/Sustainability\/2024\/<\/a>.<\/p>\n<p>\n        <strong><br \/>\n          <u>Media Contacts<\/u><br \/>\n        <\/strong><br \/>\n        <strong>:<\/strong>\u00a0<\/p>\n<p>Cara Klaer, Corporate Communications: (734) 598-0652; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JsX-rdfn0ChA0r9G51FzPRb_6o3OvuFa9DmRSTznQuT2NzZXJdxzFcztFgtOaFKyF2iUdnWkSCYO1nxX4BTam5JhcRskcYmgJfw7O4nZ4Vk=\" rel=\"nofollow\" target=\"_blank\"><u>Cara.Klaer@la-z-boy.com<\/u><\/a>\u00a0<\/p>\n<p>Mark Becks, Investor Relations: (734) 457-9538; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2shRJFVKK9C6ehi4UA3ZpnJuoo74-Lx8tallcu8w56NQ5z4YClYVRzBzr4ZEfvUJl8DpLoEI4Kd-EKfo0eJRnMmKwF1o0kIeeN6hBtaX-rc=\" rel=\"nofollow\" target=\"_blank\"><u>Mark.Becks@la-z-boy.com<\/u><\/a>\u00a0<\/p>\n<p>\n        <strong><br \/>\n          <u>About La-Z-Boy Incorporated<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p>La-Z-Boy Incorporated brings the transformational power of comfort to people, homes, and communities around the world &#8211; a mission that began when its founders invented the iconic recliner in 1927. Today, the company operates as a vertically integrated furniture retailer and manufacturer, committed to uncompromising quality and compassion for its consumers.<\/p>\n<p>The Retail segment consists of 193 company-owned La-Z-Boy Furniture Galleries\u00ae stores and is part of a broader network of over 350 La-Z-Boy Furniture Galleries\u00ae that, with La-Z-Boy.com, serve customers nationwide. Joybird\u00ae, an e-commerce retailer and manufacturer of modern upholstered furniture, has 12 stores in the U.S. In the Wholesale segment, La-Z-Boy manufactures comfortable, custom furniture for its Furniture Galleries\u00ae and a variety of retail channels, England Furniture Co. offers custom upholstered furniture, and casegoods brands Kincaid\u00ae, American Drew\u00ae, and Hammary\u00ae provide pieces that make every room feel like home. To learn more, please visit: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=33Z9VbrLsWqEn-5PZolRF1G8lm2KL9UFEaAElqVgbR6TxWJw20e_fFqmwsMN3O6zAom47C4HA3MEtvDnjH8c8fweOw9KZUkFqEgSHXJmOdM=\" rel=\"nofollow\" target=\"_blank\"><u>https:\/\/www.la-z-boy.com<\/u><\/a>.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMzMDIwNCM2Njg4NjAyIzIwMDczNDQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/OGM2NGFkMzgtZmQwMC00OWQ0LWI2MTctN2I5YTU5OWJhN2I4LTEwMTg5MTc=\/tiny\/La-Z-Boy-Incorporated.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MONROE, Mich., Jan. 10, 2025 (GLOBE NEWSWIRE) &#8212; La-Z-Boy Incorporated (NYSE: LZB), a global leader in the manufacture and retail of residential furniture, has released its fiscal year 2024 Impact Report: Preserving Our Heritage, Transforming for Tomorrow. Through this report, La-Z-Boy Incorporated details how sustainability is infused into its corporate strategy and operations as a core business principle, bolstered by its human-centered approach and intentional supply chain management practices to leave a positive impact on people, communities, and the planet. \u201cOur 2024 Impact Report is more than a reflection of our progress \u2014 it\u2019s a testament to what we can achieve when we stay true to our values,\u201d said Melinda Whittington, La-Z-Boy Incorporated Board Chair, President and Chief Executive Officer. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/la-z-boy-incorporated-releases-fy2024-impact-report-highlighting-sustainability-and-community-action\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;La-Z-Boy Incorporated Releases FY2024 Impact Report Highlighting Sustainability and Community Action&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-799644","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>La-Z-Boy Incorporated Releases FY2024 Impact Report Highlighting Sustainability and Community Action - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/la-z-boy-incorporated-releases-fy2024-impact-report-highlighting-sustainability-and-community-action\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"La-Z-Boy Incorporated Releases FY2024 Impact Report Highlighting Sustainability and Community Action - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MONROE, Mich., Jan. 10, 2025 (GLOBE NEWSWIRE) &#8212; La-Z-Boy Incorporated (NYSE: LZB), a global leader in the manufacture and retail of residential furniture, has released its fiscal year 2024 Impact Report: Preserving Our Heritage, Transforming for Tomorrow. Through this report, La-Z-Boy Incorporated details how sustainability is infused into its corporate strategy and operations as a core business principle, bolstered by its human-centered approach and intentional supply chain management practices to leave a positive impact on people, communities, and the planet. \u201cOur 2024 Impact Report is more than a reflection of our progress \u2014 it\u2019s a testament to what we can achieve when we stay true to our values,\u201d said Melinda Whittington, La-Z-Boy Incorporated Board Chair, President and Chief Executive Officer. &hellip; Continue reading &quot;La-Z-Boy Incorporated Releases FY2024 Impact Report Highlighting Sustainability and Community Action&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/la-z-boy-incorporated-releases-fy2024-impact-report-highlighting-sustainability-and-community-action\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-10T21:28:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMzMDIwNCM2Njg4NjAyIzIwMDczNDQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/la-z-boy-incorporated-releases-fy2024-impact-report-highlighting-sustainability-and-community-action\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/la-z-boy-incorporated-releases-fy2024-impact-report-highlighting-sustainability-and-community-action\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"La-Z-Boy Incorporated Releases FY2024 Impact Report Highlighting Sustainability and Community Action\",\"datePublished\":\"2025-01-10T21:28:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/la-z-boy-incorporated-releases-fy2024-impact-report-highlighting-sustainability-and-community-action\\\/\"},\"wordCount\":716,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/la-z-boy-incorporated-releases-fy2024-impact-report-highlighting-sustainability-and-community-action\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTMzMDIwNCM2Njg4NjAyIzIwMDczNDQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/la-z-boy-incorporated-releases-fy2024-impact-report-highlighting-sustainability-and-community-action\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/la-z-boy-incorporated-releases-fy2024-impact-report-highlighting-sustainability-and-community-action\\\/\",\"name\":\"La-Z-Boy Incorporated Releases FY2024 Impact Report Highlighting Sustainability and Community Action - 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Through this report, La-Z-Boy Incorporated details how sustainability is infused into its corporate strategy and operations as a core business principle, bolstered by its human-centered approach and intentional supply chain management practices to leave a positive impact on people, communities, and the planet. \u201cOur 2024 Impact Report is more than a reflection of our progress \u2014 it\u2019s a testament to what we can achieve when we stay true to our values,\u201d said Melinda Whittington, La-Z-Boy Incorporated Board Chair, President and Chief Executive Officer. &hellip; Continue reading \"La-Z-Boy Incorporated Releases FY2024 Impact Report Highlighting Sustainability and Community Action\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/la-z-boy-incorporated-releases-fy2024-impact-report-highlighting-sustainability-and-community-action\/","og_site_name":"Market Newsdesk","article_published_time":"2025-01-10T21:28:40+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMzMDIwNCM2Njg4NjAyIzIwMDczNDQ=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/la-z-boy-incorporated-releases-fy2024-impact-report-highlighting-sustainability-and-community-action\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/la-z-boy-incorporated-releases-fy2024-impact-report-highlighting-sustainability-and-community-action\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"La-Z-Boy Incorporated Releases FY2024 Impact Report Highlighting Sustainability and Community Action","datePublished":"2025-01-10T21:28:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/la-z-boy-incorporated-releases-fy2024-impact-report-highlighting-sustainability-and-community-action\/"},"wordCount":716,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/la-z-boy-incorporated-releases-fy2024-impact-report-highlighting-sustainability-and-community-action\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMzMDIwNCM2Njg4NjAyIzIwMDczNDQ=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/la-z-boy-incorporated-releases-fy2024-impact-report-highlighting-sustainability-and-community-action\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/la-z-boy-incorporated-releases-fy2024-impact-report-highlighting-sustainability-and-community-action\/","name":"La-Z-Boy Incorporated Releases FY2024 Impact Report Highlighting Sustainability and Community Action - 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