Our ESG Pillars
At Lovesac, we know that the choices we make today shape the success of tomorrow. That is why we commit to thoughtful business decisions that reflect our values and create long term impact.
Our ESG Framework is built around three core pillars of impact where Lovesac can make the greatest difference. These pillars guide our strategy and ensure that our efforts are focused on what matters most. We have established clear targets within each area and will continue to evolve a comprehensive strategy to reach them. Over the coming years, these pillars will remain the foundation of our progress and our commitment to building a better future.
OUR LOVE MATTERS MISSION STATEMENT
Love. It’s the name we live up to. We champion building long-term relationships with customers of course, but also with each other, and everyone the business impacts. We seek to promote love and happiness in all we do while having a good time along the way… any other outcome is just not worth it.
In fiscal year 2025, to support Belonging at Lovesac, we focused our efforts in four key areas:
- Talent Acquisition
- Organizational Development & Training
- Culture and Engagement
- People & Processes
Associate Development
We are a company full of Insatiable Learners with a desire to discover, improve, and grow. Associate retention, growth, and performance is improved when we provide ongoing development opportunities and educational resources.
This year, we invested in development through three key bodies of work: Talent Philosophy, Core Competencies, and Talent Reviews, in addition to our on-going training and development programs.
Pay and Benefits
Fair treatment and equitable compensation are necessary for Associates to be their best selves at work. We offer transparent and equitable compensation and attractive benefits, and we routinely work to enhance these programs by reviewing and applying best practices.
Details about compensation for in-store associates can be found in our SASB Report Table.
Sustain-able adjective: Sustain-able products are the outcome of applying the DFL Philosophy to product development. True sustainability goes beyond recycling and reuse. It is rooted in the original meaning of the word sustain: to last, to endure, to have the strength to keep going. A product can only deliver real value if it is able to sustain a lifetime of use.
Learn more about our DFL Philosophy.
- 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, with over 300 million bottles repurposed to date.
- We’re educating our suppliers on responsible environmental practices, aiming to reduce our impact while helping our partners set their own sustainable goals. By collaborating closely with our suppliers, we are building a shared path toward reducing waste, eliminating emissions, and advancing circular practices
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.