Ralph Lauren Announces Comprehensive New Global Citizenship & Sustainability Strategy and Goals

NEW YORK–(BUSINESS WIRE)–Ralph Lauren Corporation (NYSE:RL) unveiled its renewed strategy on
Global Citizenship & Sustainability as part of its fiscal year 2019
(FY19) report, published today. The strategy, Design the Change, is both
a commitment and a journey to accelerate the Company’s work across
citizenship and sustainability and includes a new set of goals that
bring clarity and focus to how Ralph Lauren will deliver the change
required to create a better future. As part of its commitment, the
Company also announced it has signed onto the United Nations Global
Compact (UNGC), joining other companies across industries to implement
universal sustainability principles and to take steps to support UN
goals.

“When Ralph founded our Company more than 50 years ago, he did so with
the conviction that whatever we create is meant to be worn, loved and
passed on for generations,” says Patrice Louvet, CEO and President,
Ralph Lauren Corporation. “This philosophy is deeply embedded in our
culture, our brands and our Purpose–to inspire the dream of a better
life through authenticity and timeless style. It also inspires Design
the Change, a strategy that will accelerate our efforts to create a
positive impact in society and a more sustainable future.”

Design the Change is led by senior leadership, with strong governance in
place. The Ralph Lauren Corporation Board of Directors has expanded the
responsibilities of the Company’s Nominating & Governance Committee to
include oversight of environmental and social risks and opportunities;
the Company formed a Senior Steering Team made up of members of the
Global Leadership Team; and the Company recently appointed its first
Chief Sustainability Officer, Halide Alagöz, who also serves as the
Company’s Chief Supply Chain Officer.

Design the Change is focused on three areas where Ralph Lauren can
create the greatest positive impact: Creating Timeless Style, Protecting
the Environment, and Championing Better Lives. Its foundation is 16
ambitious goals that will guide the Company’s work across each of these
areas.

Select goals include:

  • Achieve 100% sustainably-sourced key materials – including cotton – by
    2025
  • Train design, product development and merchant teams on sustainable,
    circular, inclusive and culturally-aware design annually by 2020
  • Set science-based greenhouse gas reduction targets by 2020 and 100%
    renewable energy targets by the end of 2019
  • Achieve gender parity with equal representation in leadership
    positions at the Vice President level and above by 2023
  • Increase female representation in factory management by 25% by 2025

The report also highlights significant Company achievements from the
past year. Of note, Ralph Lauren:

  • Unveiled the Earth Polo, a reimagination of the iconic Polo shirt
    crafted from an innovative fabric produced entirely from plastic
    bottles. The creation of the Earth Polo is part of the Company’s
    commitment to recycle 170 million bottles by 2025. Each Polo is made
    from approximately 12 plastic bottles – which may have otherwise ended
    up in oceans or landfills – and uses a completely waterless dyeing
    process.
  • Donated more than 14,000 hours of time and talent to non-profit
    organizations through Ralph Lauren Gives Back. In FY19, the Company
    hosted three Ralph Lauren Gives Back weeks, during which Company teams
    volunteered with 80 organizations. Employees also took part in 64
    fundraising walks for life-threatening illnesses such as cancer and
    AIDS.
  • Achieved a global workforce gender balance of 64% female, with women
    holding 53% of positions at and above the Senior Director level.
  • Launched the “Lead Like a Woman” campaign, a platform which aims to
    close the leadership gap between women and men, and includes media,
    products and events celebrating female leaders and providing support
    for the NGO Women in Film.

The 2019 Global Citizenship & Sustainability Report and the 2019
Standards Supplement are available for download on the Company’s website.

ABOUT RALPH LAUREN

Ralph Lauren Corporation (NYSE:RL) is a global leader in the design,
marketing and distribution of premium lifestyle products in five
categories: apparel, accessories, home, fragrances and hospitality. For
more than 50 years, Ralph Lauren’s reputation and distinctive image have
been consistently developed across an expanding number of products,
brands and international markets. The Company’s brand names, which
include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple
Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph
Lauren Children, Chaps and Club Monaco, among others, constitute one of
the world’s most widely recognized families of consumer brands. For more
information, go to http://corporate.ralphlauren.com

Contacts

MEDIA RELATIONS:
Neha Wadhwa
212 318 7442
RL-Press@ralphlauren.com

INVESTOR RELATIONS:
Corinna Van der Ghinst
212 813 7868
IR@ralphlauren.com