MASHINIi

La-Z-Boy.

LZB.US | Manufacture of furniture

La-Z-Boy Incorporated is a global leader in the residential furniture industry, manufacturing, marketing, and distributing a full line of upholstered furniture, including recliners, sofas, sectionals, chairs, and lift chairs. The company also offers a range of casegoods furniture, such as bedroom se...Show More

Ethical Profile

Mixed.

La-Z-Boy's ethical profile presents a mixed picture, with specific concerns raised regarding worker respect. Reports indicate a CEO to median worker pay ratio of 172:1, with the median worker earning $32,234. Employee sentiment data suggests challenges, as 54% of employees reportedly disagree they feel a sense of belonging, and 55% disagree they are completely satisfied with their job. While no labor violations or fines are reported, comprehensive data on living wage coverage or pay equity is not available. The company's charitable giving exceeded $2.7 million in 2021, though its specific impact on cultural or community development is not detailed.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect-10
-100100
Fair Trade & Ethical Sourcing-30
-100100
Honest & Fair Business-10
-100100
Kind to Animals10
-100100
No War, No Weapons0
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech-10
-100100
Zero Waste & Sustainable Products-10
-100100

Better Health for All

0

La-Z-Boy demonstrates a strong commitment to health through its product design and corporate initiatives. All La-Z-Boy branded products are GREENGUARD Gold certified, which tests for over 360 chemicals, contributing to healthier indoor air quality.

1
Over 72% of American Drew product offerings are also GREENGUARD certified.
2
The company has a perfect safety record for its clothing storage units, with no recorded incidents causing serious injury or death, and its upholstered furniture meets fire safety standards.
3
The company actively supports vulnerable populations, donating thousands of products and pledging $3.25 million over five years to Ronald McDonald House Charities (RMHC) globally, and providing a $185,000 grant to Ability Tree for families with disabilities.
4
La-Z-Boy has extensive efforts to mitigate environmental externalities, aiming for Net Zero by 2050, with targets to reduce Scope 1 emissions by 64%, Scope 2 by 62%, and Scope 3 by 51% by FY2032.
5
They achieve a 96% recycling rate for non-hazardous waste
6
and offset 79% of North American electricity consumption with renewable sources.
7
For its employees, the company offers an Employee Assistance Program (EAP) for mental health and substance misuse counseling, and 90 employees participated in Mental Health First Aid training in FY2025.
8
They also provide comprehensive preventative care coverage and wellness screenings. During public health emergencies, La-Z-Boy manufactured masks and medical gowns, provided community testing sites, and hosted vaccination clinics.
9
An information security program is in place, with no material data breaches reported in FY2025.
10
However, the company's explicit health equity programs, based on reported funding of approximately $2.6 million in FY2025 against $2.1 billion revenue, represent less than 0.5% of revenue.
11

Fair Money & Economic Opportunity

0

No evidence available to assess La-Z-Boy on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

-10

In 2024, the CEO to median employee pay ratio was 172:1.

1
The company's average work happiness score is 65.
2
However, 54% of employees disagreed with feeling a sense of belonging in the company, and 55% disagreed with being completely satisfied with their job.
3
No other specific quantitative data points related to fair pay or worker respect, such as living wage coverage, collective bargaining, safety incident rates, pay equity, turnover, labor violations, insecure contracts, or health insurance coverage, were provided in the articles.

Fair Trade & Ethical Sourcing

-30

La-Z-Boy requires triennial reaudits for its suppliers.

1
The company has not identified any forced or child labor across its supply chain to date, with no incidents reported or uncovered by supplier monitoring procedures in fiscal year 2023.
2
In fiscal year 2024, a risk assessment was conducted to evaluate supply chain exposure to environmental, social, and governance hazards.
3

Honest & Fair Business

-10

La-Z-Boy faces a $7.15 million class action settlement related to deceptive discounts for purchases made between December 2019 and October 2025, with a final approval hearing scheduled for March 2026.

1
Furthermore, the company's FY 2025 Impact Report explicitly states that its data has not been independently verified by a third-party assurance provider.
2
In its financial reporting, the Form 10-K for the period ended April 27, 2024, indicates no error corrections to previously issued financial statements or any restatements requiring a recovery analysis of incentive-based compensation.
3
The consolidated financial statements of La-Z-Boy Incorporated and its subsidiaries, along with the company's internal control over financial reporting, were audited by PricewaterhouseCoopers LLP, an independent registered public accounting firm, for the three years ended April 27, 2024.
4
The company maintains a comprehensive "Speak Up" whistleblower policy, communicated to all employees, subsidiaries, contractors, and the Board of Directors.
5
This policy includes a 24/7 third-party operated Ethics Hotline for confidential and anonymous reporting, with reports forwarded to the Corporate Compliance team and Audit Committee.
6
A zero-tolerance retaliation policy is in place for those reporting genuine concerns, complemented by annual ethics and Code of Conduct training.
7
Regarding governance, a substantial majority of the Board must be independent directors, and all standing committees (Audit, Nominating and Governance, and Compensation and Talent Oversight) are comprised solely of independent directors, as defined by NYSE listing standards.
8
La-Z-Boy has an Anti-Bribery and Corruption Policy detailed in its Code of Conduct.
9
This policy prohibits offering or accepting bribes, working with third parties who bribe, and bribing government officials.
10
It includes a $100 gift value limit and requires a notification form for significant gifts from suppliers.
11
The policy acknowledges compliance with international laws like the UK Bribery Act and the U.S. Foreign Corrupt Practices Act, and employees receive annual training on ethics and the Code of Conduct.
12

Kind to Animals

10

La-Z-Boy's Joybird brand planted 180,250 trees and restored over 300 acres of forest as of June 2022.

1
The company's headquarters has more than 80 acres of forest and field left undeveloped to promote biodiversity.
2
La-Z-Boy earned certification from the Wildlife Habitat Council for restoration efforts at its 120-acre oak savannah at the Monroe, Michigan headquarters.
3
, which included removing approximately 75 invasive Autumn Olive trees and planting native oaks in FY 2025.
4
The company also planted pollinator habitats and welcomed two beehives to its headquarters in 2021.
5
La-Z-Boy received a High Score on the Wood Furniture Scorecard for two consecutive years (2022 and 2023).
6

No War, No Weapons

0

La-Z-Boy's core business is residential furniture, with no evidence of revenue from arms or defense contracts, involvement in dual-use technology, or sales to embargoed regimes. The company also has no defense-related assets or business activities requiring board oversight or divestment, and no codified ethical red lines related to weapons. For calendar year 2024, La-Z-Boy modeled its conflict minerals due diligence framework on the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas

1
and required suppliers to submit Conflict Minerals Reporting Templates
2
. However, the company was unable to determine whether 3TGs (tin, tantalum, tungsten, gold) in its products originated from conflict-affected countries, classifying them as "DRC Conflict Undeterminable."
3
The company's procurement standards adhere to the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals.
4

Planet-Friendly Business

0

No evidence available to assess La-Z-Boy on Planet-Friendly Business.

Respect for Cultures & Communities

0

The provided articles do not contain specific, concrete data points or metrics relevant to any of the Key Performance Indicators for 'Respect for Cultures & Communities'. Information available focuses on general corporate social responsibility, employee demographics, and internal company culture, but lacks details on formal partnerships with community groups, cultural impact assessments, local employment ratios, grievance mechanisms for communities, cultural preservation investments, or specific charitable giving to cultural heritage organizations. Although a combined donation of over $2.7 million in 2021 is mentioned, it is not specified as a percentage of revenue nor is it explicitly directed towards cultural heritage organizations, making it unsuitable for scoring the 'charitable_giving_cultural' KPI.

1
Therefore, no KPIs can be scored based on the evidence provided.

Safe & Smart Tech

-10

A claimed breach occurred before March 3, 2025.

1
, involving the exfiltration of 330 GB of sensitive data, including customer information and corporate documents.
2
The company stated it was not aware of any material breaches during fiscal year 2025.
3
or any material cybersecurity incidents to date.
4
The company uses Secure Sockets Layer (SSL) encryption for information in transit.
5
There are no documented incidents of unauthorized data use by the company. It provides a Data Subject Request process for users to exercise data rights, including the right to know, delete, and opt-out of the sale of personal information for California residents under CCPA, and similar rights for other regions.
6
Opt-out options are also available for mailing lists and data sharing for advertising.
7
The company acknowledges and addresses rights under the California Consumer Privacy Act (CCPA).
8
and mentions compliance with PCI DSS and GDPR mandates.
9

Zero Waste & Sustainable Products

-10

La-Z-Boy achieved an 85% non-hazardous waste recycling or recovery rate in fiscal year 2025.

1
All foam padding and metal components used in seating products are 100% recyclable, and the company repurposes or recycles scrap wood, plywood, poly material, and leather. Circular design principles are integrated into lean manufacturing, aiming to reduce waste and maximize efficiency, with the England brand explicitly utilizing a circular economy approach. The company has implemented over 10 waste reduction initiatives, including the company-wide TranZform Initiative, which involved 10,317 actions in fiscal year 2025
2
and exceeded its savings goal by 68%.
3
Other initiatives include the Smash the Trash program, Waste Walks, and 5S Audits. The company achieved a 43% reduction in hazardous waste since fiscal year 2024
4
, with 38% of hazardous waste recycled or recovered in fiscal year 2025
5
, maintaining compliance with regulations. Every manufacturing plant conducts weekly waste walks and 5S audits. La-Z-Boy targets recycling 90% of all waste in its manufacturing facilities.
6
Suppliers must comply with environmental requirements in the Supplier Code of Conduct, with sustainability KPIs in scorecards and over 40 sustainability questions in audit questionnaires since FY23.
7
Onsite audits and self-assessments are conducted for top suppliers.

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.