The problem of waste in the consumer goods sector is twofold. On the one hand, some products are thrown away for various reasons, and on the other, waste is produced during packaging. FMCG companies have been producing an increasing amount of waste and single-use plastic.
Companies need to be more mindful of the waste generated throughout their value chain. Companies like Procter & Gamble and Dabur India recently announced that they have achieved 'plastic waste neutrality’ by recycling a big chunk of their post-consumer plastic packaging waste. To be environmentally sustainable and increase consumer awareness, companies have been under pressure to manage waste. Being responsible for the environment helps companies attract new customers as consumers prefer to do business with companies that share their values.
Ralph Lauren Corp (Ralph Lauren) designs, distributes, and markets premium lifestyle products, including apparel, accessories, footwear, home furnishings, and fragrances. The company’s product portfolio includes men-women and kids’ apparel, leather goods, handbags, footwear, bedding items, furniture, skincare products, and cosmetics. It offers these products under various brand names including Chaps, Club Monaco, Lauren, Pink Pony, Polo, Purple Label, Ralph Lauren, and Ralph, among others.
The waste generated by Ralph Lauren in the financial year (FY) ending 2022 was 8,271 tonnes which increased by 27% over FY2021. The company diverted 84% of the waste generated in FY2022, an increase of 1 percentage point from FY2021.
In FY2022, waste from distribution centers forms the major portion of Ralph Lauren’s total waste, accounting for around 5,767 tonnes which is 67% of the total waste generated. The company’s stores generated 27% of the total waste in FY2022, followed by the offices (3%).
By 2025, Ralph Lauren aims to achieve 100% recyclable, reusable, or sustainability-sourced packaging materials. The company also has a goal to achieve zero waste in landfills across its distribution centers by 2023.
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