Water is one of the critical factors of ESG (Environment, Social, and Governance). Fresh and clean water is increasingly endangered despite being considered a plentiful renewable resource mainly due to population growth and economic activity leading to an increase in water demands and pollution.
According to United Nations, if current consumption and production patterns do not change, there will be a 40% shortfall in water supply by 2030. Companies are expected to face increased scrutiny such as limits on water withdrawal and tight regulations over their water use as global water resources face increased stress.
Groundwater is withdrawn by industries such as manufacturing, mining, oil and gas, energy and utilities, and construction. Apparel and food & beverage industries are highly dependent on groundwater through supply chains. According to Aquastat, 19% of global freshwater withdrawals come from industry and energy.
In terms of water withdrawal, the beverage and bottled mineral water sectors need to be careful because groundwater is a raw material for them. Globally, food and beverage companies face disputes with local communities over the amount of groundwater that can be withdrawn without depleting local resources.
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.
In FY2022, Ralph Lauren withdrew 11.09 million cubic meters of water. Ralph Lauren withdrew 44% of the total water from the municipal source in FY2022, followed by groundwater (21%) and surface water (17%).
Ralph Lauren’s retail facility had maximum total operations water use in FY2022 of 0.18 million cubic meters followed by distribution centers and offices.
Ralph Lauren aims to achieve at least a 20% reduction in total water use across its operations and value chain, compared to the FY2020 baseline by 2025.
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