Wayfair Releases Third-Annual Corporate Responsibility Report, Sets Ambitious Zero Waste Target

Core Insights - Wayfair Inc. released its third-annual Corporate Responsibility Report, titled "Bringing Impact Home," highlighting progress in sustainability, social impact, and diversity, equity, and inclusion for 2023 [1][3] Sustainability Initiatives - The company aims to achieve zero waste across its global operations by 2030, targeting to divert over 90% of operational waste from landfills and incineration [2] - Wayfair plans to reduce Scope 1 and 2 emissions by 63% by 2035, emphasizing its commitment to climate action [2] Community Engagement - Wayfair established the Wayfair Neighborhood Fund with a founding donation of $1 million to support organizations aiding people experiencing homelessness [4] - The company’s volunteers participated in 25 Habitat for Humanity builds, contributing to the creation of new homes for those in need [4] Supplier Diversity - Wayfair doubled both the number of and business from Black-owned suppliers through its Celebrate Black Makers program in 2023 [4] Employee Involvement - Approximately 4,000 employees participated in Employee Resource Groups or Affinity Groups, fostering a sense of community and shared culture [4] Sustainable Products - The number of third-party certified products in Wayfair's Shop Sustainability program increased to over 33,000 items [4] - 66.5% of Wayfair's electricity consumption in North America will be covered by contracted energy from its participation in the Liberty Solar virtual power purchase agreement [4] Financial Performance - Wayfair generated $12.0 billion in net revenue for the year ended December 31, 2023 [6]