The Lovesac Company Releases 2024 ESG Report

Furniture World News Desk on 12/27/2024

The Lovesac Company, a home furnishing brand known for its Sactionals, has published its ESG & Impact Report for the fiscal year ending February 4, 2024. The report outlines the company’s ongoing efforts to advance its environmental, social, and governance (ESG) initiatives through its strategic framework guided by the principles of Earth, Love, and Purpose.

Shawn Nelson, Chief Executive Officer of Lovesac, said, “Lovesac’s commitment to sustainability and responsible business practices is at the heart of our operations. We are dedicated to creating products that are Designed for Life, reducing our environmental impact, and fostering a culture of integrity and responsibility. As we look to the future, we remain committed to leading by example and inspiring positive change in our industry.”

The ESG framework integrates the Sustainability Accounting Standards Board (SASB) Building Products and Furnishings and Multiline and Specialty Retailers & Distributors standards, along with inspiration from the United Nations Sustainable Development Goals (UN SDGs). The 2024 report reflects Lovesac’s progress toward long-term goals.

Key ESG Highlights

• Earth: Lovesac has committed to repurposing 1 billion plastic bottles in its product fabrics and materials, supported by its partnership with REPREVE®. As of fiscal year-end 2024, more than 240 million bottles have been repurposed.
• Love: The company continues to prioritize diversity and inclusion, with 48% of leadership roles held by women in fiscal 2024.
• Purpose: Lovesac expanded its Sustainable Supply Chain program to include new transportation and warehousing vendors. The program focuses on enduring quality and high-performance standards for supplier partnerships.

Additionally, Lovesac’s report emphasizes the company’s goal to achieve net-zero waste and emissions by 2040. The Designed For Life principles, which prioritize innovation and sustainability, guide the company’s development of durable product platforms across multiple home furnishing categories.

This marks Lovesac’s fourth annual ESG report, reinforcing its commitment to customers, employees, communities, suppliers, and stakeholders. The company will continue to update and share progress on its ESG goals through future reports.

The full 2024 ESG Report is available on the Company’s website at https://investor.lovesac.com/esg.

About The Lovesac Company
Based in Stamford, Connecticut, The Lovesac Company is a technology driven company that designs, manufactures and sells unique, high-quality furniture derived through its proprietary Designed For Life approach which results in products that are built to last a lifetime and designed to evolve as our customers’ lives do. Our current product offering is comprised of modular couches called Sactionals, premium foam beanbag chairs called Sacs, and their associated home decor accessories. Innovation is at the center of our design philosophy with all of our core products protected by a robust portfolio of utility patents. We market and sell our products primarily online directly at www.lovesac.com, supported by direct-to-consumer touch-feel points in the form of our own showrooms as well as through shop-in-shops and pop-up-shops with third party retailers. LOVESAC, SACTIONALS, DESIGNED FOR LIFE, and THE WORLD'S MOST ADAPTABLE COUCH are trademarks of The Lovesac Company and are Registered in the U.S. Patent and Trademark Office. For more information, visit www.lovesac.com.