Lululemon announces 2023 new company initiatives with the launch of its IDEA (Inclusion, Diversity, Equity, and Action) Supplier Inclusion and Diversity Program.
The program will increase diverse supplier products and service solutions within the company’s global indirect, non-merchandise spend, helping to empower economically and socially disadvantaged organizations by fostering business growth and job and wealth creation across diverse communities.
launching in a phased approach beginning with United States-headquartered firms that are third-party certified 51% or more owned, operated, and controlled by underrepresented racial groups, women, persons with disabilities, U.S. Veterans, and those who identify as LGBTQ2IA+.
Following the program’s launch in the United States, lululemon will expand it globally, with the goal of rolling out the program in key regions by 2026.
The company recognizes that each region defines diverse suppliers differently and therefore its Supplier Inclusion and Diversity efforts will include economically and socially disadvantaged businesses as defined by each region.
“At lululemon, we are committed to our Impact Agenda and IDEA commitments, which include reflecting the diversity of the communities we serve and operate in by 2025 and creating an environment that is equitable, inclusive, and fosters growth,” said Stacia Jones, Vice President, Global Head of IDEA…
