Potential offtaker

La-Z-Boy

www.la-z-boy.com

Estimated electricity consumption

N/A

Countries of production presence

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La-Z-Boy is a leading American furniture manufacturer and retailer that specializes in home furniture. The company has been in operation for over 90 years and has a reputation for producing high-quality, comfortable furniture. La-Z-Boy operates in the Home Furniture Stores sector and has a significant presence in the United States and other countries around the world.

The company's commitment to sustainability is evident in its efforts to reduce its carbon footprint and promote renewable energy. La-Z-Boy has set a goal to achieve a 25% reduction in greenhouse gas emissions by 2025. To achieve this goal, the company has implemented various initiatives such as decarbonisation and corporate energy management.

Decarbonisation is the process of reducing or eliminating carbon emissions from a company's operations. La-Z-Boy has made significant strides in this area by investing in energy-efficient technologies and implementing sustainable practices in its manufacturing facilities. The company has also adopted a circular economy approach to minimize waste and maximize resource efficiency.

Corporate energy management is another key area of focus for La-Z-Boy. The company has implemented a range of measures to reduce its energy consumption, including the use of energy-efficient lighting and HVAC systems. La-Z-Boy has also implemented a corporate power purchase agreement (PPA) to source renewable energy for its operations.

A corporate PPA is a long-term agreement between a company and a renewable energy provider to purchase a specified amount of renewable energy. La-Z-Boy's PPA is with a wind farm in Oklahoma and provides the company with a reliable source of renewable energy for its operations. The PPA has enabled La-Z-Boy to reduce its carbon footprint and support the growth of renewable energy in the United States.

La-Z-Boy's commitment to sustainability extends beyond its operations to its products. The company has developed a range of eco-friendly furniture options, including products made from sustainable materials and those that are designed to be easily disassembled and recycled. La-Z-Boy's eco-friendly products are popular with consumers who are looking for sustainable furniture options.

In addition to its sustainability efforts, La-Z-Boy is also committed to social responsibility. The company has a strong corporate social responsibility program that focuses on supporting local communities and promoting diversity and inclusion. La-Z-Boy has also been recognized for its efforts to promote workplace safety and employee well-being.

La-Z-Boy's commitment to sustainability and social responsibility has earned it a reputation as a responsible corporate citizen. The company has received numerous awards and recognition for its efforts, including being named one of the World's Most Ethical Companies by the Ethisphere Institute for several years in a row.

In conclusion, La-Z-Boy is a leading American furniture manufacturer and retailer that is committed to sustainability and social responsibility. The company's efforts to reduce its carbon footprint and promote renewable energy through decarbonisation, corporate energy management, and corporate PPAs are commendable. La-Z-Boy's eco-friendly products and strong corporate social responsibility program further demonstrate its commitment to responsible business practices. As a result, La-Z-Boy has earned a reputation as a responsible corporate citizen and a leader in the furniture industry.

✓ Current offtaker under Corporate PPA's
✓ Science Based Targets member