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WSM Williams Sonoma

309.45
-3.61 (-1.15%)
18 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Williams Sonoma NYSE:WSM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -3.61 -1.15% 309.45 315.00 307.00 314.21 855,673 00:38:27

Williams-Sonoma, Inc. Releases 2017 Corporate Responsibility Scorecard, Demonstrating Leadership in the Home Industry

17/10/2018 2:00pm

Business Wire


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Meeting and Exceeding Company-Wide Goals for Worker Well-Being, Fair Trade, Organic Cotton and GreenGuard

Williams-Sonoma, Inc. (NYSE:WSM) today released their 2017 Corporate Responsibility Scorecard, demonstrating strong progress towards company-wide goals for responsible sourcing, sustainable design, landfill diversion, energy and carbon intensity, supply chain development, corporate giving, and volunteering. For the first time, Williams-Sonoma, Inc. (WSI) has aligned the Corporate Responsibility Scorecard to the United Nations’ Sustainable Development Goals (SDGs), a global framework for achieving a better, more sustainable future for all, and is actively contributing to nine of the SDGs.

“As we meet and exceed the company-wide goals set out in our annual Corporate Responsibility Scorecard, we are proud to know that our breadth and scale expand our impact beyond our own company into the global home industry,” said Laura Alber, President and CEO, Williams-Sonoma, Inc. “Ultimately, at the center of everything we do is our customer; they are the ones who drive change whenever they purchase responsible, sustainable products. Their values are our values, and we’re grateful to be on this journey with them.”

Highlights from the 2017 Corporate Responsibility Scorecard include:

  • Worker Well-Being: A new goal of educating and empowering 100,000 workers by 2020. Through partnership with HERproject and VisionSpring, WSI has already reached a third of this goal, reporting improved financial and health-related knowledge of 30,000 workers in their supply chain.
  • Fair Trade: Fair Trade has launched across all WSI brands, with over 5,000 Fair Trade Certified SKUs from bedding at Pottery Barn, to rugs at West Elm, to food at Williams Sonoma. To-date, WSI has also paid over one million dollars in Fair Trade premiums, achieving a third of WSI’s overall goal of paying three million dollars in Fair Trade premiums by 2020.
  • Organic Cotton: Through partnerships with the Global Organic Textiles Standard (GOTS) and the Better Cotton Initiative (BCI), WSI has achieved 50% responsibly sourced cotton across the company and is halfway to its goal of 100% responsibly sourced cotton by 2021. These achievements have earned WSI recognition from the Textile Exchange as a top 10 company using organic cotton and preferred fibers, the Sustainable Furnishings Council as the 2nd highest-ranking company sourcing responsible wood, and Barron’s as the 14th most sustainable company worldwide.
  • GreenGuard: WSI is on track to reach 100% GreenGuard certification for Pottery Barn Kids brand nursery and bedroom furniture by 2018, ensuring that brand furniture products for WSI’s youngest customers meet the highest standards for indoor air quality. This year, WSI launched the Pottery Barn Modern Baby Collection, which features 100% organic cotton and 100% GreenGuard certified bedroom and nursery furniture.

Williams-Sonoma. Inc.’s corporate sustainability efforts extend to every part of the business - from operations, to product and materials, to people and communities. The company is constantly seeking ways to support innovative programs that deliver social and business impact to reinforce their commitment to creating quality products and providing sustainable options for every room of the house. To learn more about WSI’s commitments around these three focus areas: operations, products and materials, and people and communities, please visit the WSI CSR website.

About Williams-Sonoma, Inc.

Williams-Sonoma, Inc. is a specialty retailer of high-quality products for the home. These products, representing distinct merchandise strategies — Williams Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams Sonoma Home, Rejuvenation, and Mark and Graham — are marketed through e-commerce websites, direct-mail catalogs and retail stores. These brands are also part of The Key Rewards, our free-to-join loyalty program that offers members exclusive benefits across the Williams-Sonoma family of brands. We operate in the U.S., Puerto Rico, Canada, Australia and the United Kingdom, offer international shipping to customers worldwide, and have unaffiliated franchisees that operate stores in the Middle East, the Philippines, Mexico and South Korea, as well as e-commerce websites in certain locations. In 2017, we acquired Outward, Inc., a 3-D imaging and augmented reality platform for the home furnishings and décor industry.

WILLIAMS-SONOMA, INC.Felix Carbullido, 415-402-4056Corporate Public Relations-or-Elise Wang, 415-616-8571Investor Relations

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