Energy Efficiency, GHG Emissions, Industrial, Sourcing Renewables  -  January 14, 2025

La-Z-Boy Receives SBTi Approval, Increases RE

La-Z-Boy Incorporated, a global manufacturer and retailer of residential furniture, announced that for the fiscal year 2024, the company received SBTi validation of its near-term targets.

The company’s targets include a 64% reduction in Scope 1 emissions, a 62% reduction in Scope 2 emissions and a 51% reduction in Scope 3 emissions by fiscal year 2032.

La-Z-Boy announced that its renewable energy portfolio covered 75% of the U.S. and 64% of global electricity consumption.

Details were released in 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 intentional supply chain management practices.

“Our 2024 Impact Report is more than a reflection of our progress — it’s a testament to what we can achieve when we stay true to our values,” said Melinda Whittington, La-Z-Boy Incorporated Board Chair, President and Chief Executive Officer, in a statement. “Together, we share a continued commitment to transforming our world through comfort, and this purpose is reflected in everything we do. ”