MONROE, Mich., Jan. 10, 2025 (GLOBE NEWSWIRE) — La-Z-Boy Incorporated (NYSE: NYSE:), a global leader in residential furniture manufacturing and retail, has released its fiscal year 2024 Impact Report: Preserving Our Heritage, Changing -or For Tomorrow. Through this report, La-Z-Boy Incorporated details how sustainability is embedded in corporate strategy and operations as a core business principle, reinforced by a people-centered approach and intentional management of supply chain to leave a positive impact on people, communities, and the planet.

Our 2024 Impact Report is more than a reflection of our progress ” it is a testament to what we can achieve if we stay true to our values, said Melinda Whittington, La-Z-Boy Incorporated Board Chair, President and Chief Executive Officer. Together, we share an ongoing commitment to changing our world through comfort, and this goal is reflected in everything we do. From our focus on consumers to our people-centered approach to developing our employees, to the care we take in our manufacturing processes and our communities, we are intentional about our impact and what its meaning for the future.

Key highlights for the fiscal year 2024 report include:

• Received SBTi validation of our near-term targets, which include a 64 percent reduction in Scope 1 emissions, a 62 percent reduction in Scope 2 emissions, and a 51 percent reduction in Scope 3 emissions by fiscal year 2032, improving of the company towards its 2050 net-zero goal.

• Achieved a 96 percent recycling rate for all non-hazardous waste and a 20 percent year-over-year reduction in hazardous waste generation.

• The renewable energy portfolio comprises 75 percent of US and 64 percent of global electricity consumption.

• Company-wide adoption of the TranZform Initiative at all La-Z-Boy Incorporated manufacturing facilities, which promotes six core initiatives intended to promote retention and employee empowerment, such as a Culture of Problem Solving and Walk in the Trash.

• The La-Z-Boy Foundation has donated more than $1.4 million and, as the official furniture partner for Ronald McDonald House Charities ® , La-Z-Boy Incorporated has given away more than 16,000 pieces worldwide.

• Preserved, restored, and rewilded the 120-acre area surrounding the company’s World Headquarters in Monroe, Michigan, contributing to the health and happiness of employees and area wildlife. In addition, planting a community garden led to 283 pounds of harvest as part of an investment in biodiversity.

The report is based on Century Vision, the company’s long-term business strategy that aims to increase brand reach, strengthen business capabilities, and drive profitable, sustainable growth ahead of the 100th its anniversary in 2027. Through this strategy, La- Ang Z-Boy Incorporated is focused on creating a more agile, efficient, and people-centered business to ensure that the company is not only adapt to a changing. market but also lead in delivering meaningful, sustainable impact for shareholders, customers, employees, and communities.

Our 2024 Impact Report highlights the measurable progress we have made in the key areas of “reducing emissions, increasing resource efficiency, and strengthening our supply chain,” said Tim McCurry, Vice President of Environmental Health and Safety, Facilities, and Sustainability at La-Z-Boy Incorporated We think about the ways that our manufacturing operations, product sourcing, and other business practices affects our environment and our industry, and every step we take brings us closer to a more sustainable future.

Explore highlights, visuals, and inspiring stories that show how La-Z-Boy Incorporated is changing for tomorrow. Read the full report at https://www.la-z-boy.com/News/Sustainability/2024/.

Media Contacts:

Cara Klaer, Corporate Communications: (734) 598-0652; [email protected]

Mark Becks, Investor Relations: (734) 457-9538; [email protected]

About La-Z-Boy Incorporated

La-Z-Boy Incorporated brings the transformative power of comfort to people, homes, and communities around the world – a mission that began when its founders invented the iconic recliner in 1927. Today , the company operates as a vertically integrated furniture retailer and manufacturer, committed to uncompromising quality and compassion for its consumers.

The Retail segment consists of 193 company-owned La-Z-Boy Furniture Galleries ® stores and is part of a broader network of more than 350 La-Z-Boy Furniture Galleries ® which, along with La -Z-Boy.com, serving customers nationwide. Joybird ® , an e-commerce retailer and manufacturer of modern upholstered furniture, has 12 stores in the U.S. On the Wholesale side, La-Z-Boy produces comfortable, custom furniture for its Furniture Galleries ® and others -other retail channels, England Furniture Co. offers. custom upholstered furniture, and casegoods brands Kincaid ® , American Drew ® , and Hammary ® provide pieces that make every room feel homey. To learn more, please visit: https://www.la-z-boy.com.

Source: La-Z-Boy Incorporated