Our ESG Pillars
A growing number of consumers are looking to their favorite brands to engage in a deeper sustainability conversation, seeking evidence of heightened ethical and environmental responsibility. Lovesac aims to exceed those expectations by becoming a leader of conscious action within our industry. We’ve created targets to drive progress against each of our three impact pillars—Love, Earth, and Purpose.
OUR LOVE MATTERS MISSION STATEMENT
Love. It’s the name we live up to.
We champion building meaningful relationships as we foster a culture that embraces and celebrates the experiences, beliefs, backgrounds, expertise, talent, and individuality of everyone. We purposefully and meaningfully weave DEIB into every aspect of our business.
We seek to promote love, inclusion, and happiness in all that we do. #Lovematters
In FY24, to support our Love Matters mission, we focused our efforts in four key areas:
- Talent Acquisition
- Organizational Development & Training
- Culture & Engagement
- People and Processes
Some of our initiatives included:
- Added a Belonging session to all HUB new hire orientations so that our Associates are immersed in our mission and initiatives from the start.
- Launched Belonging Hangouts. This open forum creates a channel for our Associates to share their experiences, provide feedback, and learn more about various topics related to Belonging.
- Partnered with Talent Acquisition team to host training on Mitigating Bias in the Recruitment Process. Hosted training with the Talent Acquisition team.
- Launched the first Associate Resource Group, Women in Leadership./li>
- Expanded our Pronoun Initiative by adding more ways for our Associates to be addressed by their chosen pronouns.
- Continued to hone our Belonging Steering Committee and Belonging Action Council to direct and enable our initiatives and commitments.
- We’ve committed to achieving zero waste and zero net emissions across our entire supply chain by 2040
- Through our partnership with Repreve® our Sac liners and select fabrics are made with yarn from recycled plastic bottles. We aim to repurpose 1 Billion bottles in our fabrics
- We’re educating our suppliers on responsible environmental practices, aiming to reduce our impact while helping our partners set their own sustainable goals
In FY24, 70% of our manufacturing partners participated in our Sustainable Supply Chain educational webinar series.
Lovesac Sustainable Supply Chain webinar topics included:
- The importance of managing environmental impact for business
- Lovesac’s Zero Waste and Zero Emissions goals
- Requirements for annual environmental auditing
- How to calculate energy, water, and emissions impacts
- How to develop a sustainability strategy
Lovesac Zero Emissions Roadmap
- Lovesac’s commitment to purpose, honesty, and integrity begins at the highest levels of leadership, as captured in our Lovesac Code of Business Conduct and Ethics
- We’re dedicated to becoming the most beloved home brand in America, and giving back to the communities we serve. Our corporate giving program, Lovesac Gives Back, aims to organize and scale future positive impact in our communities with a focus on providing the comfort of home to those in need.
Product Quality
We strive for all our products to meet or exceed performance requirements for product durability, safety, and strength through third-party testing.
Supply Chain Ethics
Lovesac has a zero-tolerance policy for any evidence of bribery and corruption, forced labor, human trafficking, and child labor. These practices are all unacceptable in our supply chain. Our expectations regarding ethics and sustainable operations are communicated to our manufacturing vendors via our Vendor Manual.