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Lululemon's CSR strategy: Sustainable Materials: With a target of at least 75% sustainable materials by 2025, Lululemon could keep concentrating on utilizing sustainable materials for
Lululemon's CSR strategy: Sustainable Materials: With a target of at least 75% sustainable materials by 2025, Lululemon could keep concentrating on utilizing sustainable materials for their products. This would involve using recycled, renewable, and regenerative fibers that are sourced responsibly. The impact of this strategy would be positive for stakeholders, such as customers, who are increasingly concerned about the environmental impact of the products they purchase. Diversity and Inclusivity: Lululemon should keep encouraging diversity and inclusivity in its workforce by giving gifted workers an equal opportunity to advance both personally and professionally. Both the workers and the communities in which they operate would benefit from this. Philanthropic Responsibilities: Lululemon may choose to focus on its philanthropic duties by partnering with another Sustainable Development Goal of the UN, like Goal 5 (Gender Equality) or Goal 2 (Zero Hunger). This would benefit the local areas where they do business and further solidify Lululemon's reputation as a socially conscious brand. Reasons Behind the Strategy: Brand Reputation: By demonstrating Lululemon's dedication to social and environmental problems, a robust CSR plan would improve the company's reputation. This may draw in socially concerned clients and staff. Risk mitigation: By lowering the possibility of supply interruptions and
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