Champion Better Lives

Through our diversity and inclusion (D&I) programs and initiatives, we strive to create an environment where people feel empowered to be themselves so that they can thrive within our company and society. We are always listening, learning and deepening our work to reflect the values that define our brand - values like authenticity, dignity, and respect for one another.

Our D&I strategy is based on five pillars: talent; collaboration and belonging; learning; communication and messaging; and celebration and recognition. To foster equity and representation, and reflect the consumers we serve, we set a new goal to have at least 20 percent of our Global Leadership Team be from underrepresented race and ethnic groups by 2023.

As a globally recognized brand, we want to build a future in which the world of fashion is as diverse as our customer base. Today, we are examining how we portray the American dream—in the stories we tell, the creators we champion, the faces we elevate, the families we hero and the media partners we support. In July 2020, we reviewed and set expectations for our partners to ensure media platforms are fully aligned with our values and D&I standards.

In addition, we are advancing on our commitment to address racial injustice and find solutions with help from external partners. For example, we worked with Phi Beta Sigma and the United Negro College Fund to elevate messaging on the importance of Black lives. We are also exploring ways to increase our support for Asian, Asian American and Pacific Islander communities through our existing relationship with Asian Americans for Equality, Asian & Pacific Islander American Scholars and the Asian University for Women in Bangladesh.

We empower and support our communities through philanthropy and employee volunteerism. In FY21, we focused our giving on social justice, COVID-19 relief, cancer care and prevention, LGBTQIA+ Equity and Inclusion and access to clean water.

Because philanthropy is an essential part of who we are, in FY21 we introduced the Ralph Lauren Matching Gift program. Donations of up to $1,000 made by employees will be matched on a one-to-one basis, up to a total of $1 million, by the Ralph Lauren Corporate Foundation.

In addition to donations, we encourage our employees to volunteer through the Ralph Lauren Gives Back program. Amid COVID-19 restrictions, we shifted to virtual opportunities across our key causes such as Pink Pony and Earth Day.

We are committed to conducting our global operations ethically and with respect for the dignity of all people who make our products. We aim to enrich the quality of work and life for everyone in our supply chain—ensuring they have the opportunity to reach their full potential in a safe and inclusive environment.

Within our supply chain, we are focused on multiple facets of worker empowerment and well- being, including:

•Supporting migrant workers

•Ensuring fair compensation

•Enabling access to empowerment and life-skills programs, especially for female workers

•Advancing diversity and inclusion

We conduct annual audits and collaborate with industry-leading partners including BSR, Elevate, the International Finance Corporation and the International Labour Organization to monitor our supply chain and provide capability building programs.