
MillerKnoll unveils new sustainability strategy and issues 2024 Better World Report
'Climate change is an urgent, global challenge, and at MillerKnoll, we are taking bold steps to drive change,' said Andi Owen, CEO of MillerKnoll. 'Our associates are working with our partners, suppliers and customers to further improve the sustainability of our processes, products and the spaces we design. These new goals build upon our history of environmental stewardship and represent an ongoing commitment to design for the good of humankind.'
Driven by the mission to design and create the world's best products in the most sustainable way, MillerKnoll's sustainability strategy focuses on three key areas:
Carbon: Design the lowest carbon footprint products and commit to achieving net-zero carbon emissions by 2050.1
Materials: Use sustainable, 100% bio-based or recycled materials by 2050.
Circularity: Create timeless, durable products with zero waste by 2050.
'We aim to transform how we design, manufacture, deliver and maintain furnishings. It starts the moment a design is conceived and continues even after a product has reached the end of its life,' said Sean McDowell, SVP of Innovation and Sustainability at MillerKnoll. 'Our refined sustainability strategy establishes clear short- and long-term goals to drive meaningful improvements in carbon, materials and circularity across every stage of our product journey, creating lasting change.'
Commitment to Net-Zero by 2050
MillerKnoll recognises every decision has an impact on the planet – from the materials selected to the energy consumed to the logistics that bring products to market. Every step in the process contributes to the company's carbon footprint. That's why MillerKnoll is committed to reducing carbon emissions and focused on achieving net-zero by 2050. Through innovation, dedication and data-driven decisions, its teams are continuously improving the product creation process.
Key Initiatives to Achieve Net-Zero
Sustainable Materials and Safe Chemistry: Prioritise natural, low-carbon and recycled materials and ensure that its products are safe for people and the environment.
Energy and Waste Reduction: Commit to using renewable energy and minimising waste and water use across manufacturing processes.
Smart Packaging and Logistics: Continue to reduce usage of single-use plastic packaging, including polystyrene and bubble wrap. Leverage artificial intelligence (AI) to optimise routing and load efficiency and transition fleet to use more biofuel and electric energy, further reducing emissions from transportation.
Supply Chain Collaboration: Engage Tier 1 and Tier 2 suppliers to reduce waste and drive efficiency.
Global Take-Back Programme: Reclaim and responsibly resell, restore, refurbish or recycle its furniture, no matter its condition.
To demonstrate tangible progress against this new strategy, the company has set the following short-term goals:
Eliminate added per- and poly- fluoroalkyl substances ('PFAS') in North America by FY2025 and globally by FY2027.
Transition to 100% renewable electricity by FY2026.
Develop specific action plans for the top five commodities to increase material utilisation and efficiency by FY2026.
Establish logistics carbon baselines and set reduction goals by FY2026.
Increase furniture waste diverted from landfills to 10 million pounds (approximately 4.5 million kg) by FY2027.
Establish carbon baselines and set reduction goals for its top 25 suppliers by FY2027.
Publish the carbon footprint for the company's top 100 products each year and new products by FY2028.
Achieve a 25% reduction in the carbon footprint of top 100 products by FY2030.
Exceed 75% recycled content in top 100 textiles by FY2030.
Achieve 90% sustainably harvested, ethically sourced natural materials by FY2030.
Achieve zero landfill for the top five manufacturing sites by FY2030.
Eliminate single-use plastic packaging for MillerKnoll manufacturing sites by FY2030.
About the 2024 Better World Report
The 2024 MillerKnoll Better World Report tracks the company's FY2022, FY2023 and FY2024 performance related to key environmental, social and governance (ESG) initiatives. Sustainability highlights from the report include:
Energy Reduction: Approximately 75% of electricity currently comes from renewable sources.
Waste Reduction: Reduced total waste within MillerKnoll's global facilities by approximately 50% since FY2022.
Smart Packaging: Reduced use of single-use plastic packaging – including polystyrene and bubble wrap – by 52% since 2020.
Sustainable Materials: Used innovative materials like bamboo-based upholstery, eelgrass and biomass-balanced foam.
For more information on MillerKnoll's commitment to sustainability and its new sustainability goals and to view the complete Better World Report, visit -https://www.millerknoll.com/environmental-social-impact/sustainability
About MillerKnoll
MillerKnoll is a collective of dynamic brands that comes together to design the world we live in. MillerKnoll brand portfolio includes Herman Miller, Knoll, Colebrook Bosson Saunders, DatesWeiser, Design Within Reach, Edelman, Geiger, HAY, HOLLY HUNT, Knoll Textiles, Maharam, Muuto, NaughtOne and Spinneybeck|FilzFelt. MillerKnoll is an unparalleled platform that redefines modern for the 21st century by building a more sustainable, equitable and beautiful future for all.
1 MillerKnoll's net-zero commitment is subject to factors that are partly outside its control, including its value chain's ability to reduce their Scope 1 and 2 emissions (and therefore MillerKnoll's Scope 3 emissions) by 2050. In light of this, MillerKnoll is committed to achieving net-zero by 2050 and will continue to engage with stakeholders across its value chain to support them in their efforts to become net-zero by 2050.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
Ethereum surges to near record as investors bet on 'biggest macro trade' of the next decade
Ethereum (ETH-USD) prices rose to near record levels on Wednesday as Wall Street grows increasingly bullish on the crypto play. The world's second largest crypto currency by market cap jumped as much as 6%, to hover above $4,680 per token, just shy of its 2021 record level. "We have stated multiple times we believe Ethereum is the biggest macro trade over the next 10-15 years," Fundstrat head of reserach Tom Lee wrote in note on Wednesday. Lee noted the majority of Wall Street crypto projects and stablecoins, or digital tokens backed by assets like the US dollar, are being built on the ethereum infrastructure. Ether, the native token of Ethereum, is up more than 50% since the GENIUS Act legislation which creates guardrails for the stablecoin industry was made into law last month. Additionally, the Securities and Exchange Commission's recent 'Project Crypto' announcement, an initiative to modernize the agency and establish clear regulations around the digital asset industry, has also fueled the rally in ethereum. Fundstrat sees ETH hitting prices moving as high as $15,000 by year-end. The token is up 16% over the past five sessions, versus bitcoin's (BTC-USD) rise of 4%. Some companies have increasingly been raising capital to add ethereum to their balance sheets, in a similar fashion to Strategy's (MSTR) bitcoin corporate treasury play. Inflows into ethereum by such digital asset treasury companies have supported higher prices, Spencer Hallarn, global head of over the counter [OTC] trading at crypto platform GSR told Yahoo Finance. "This positive price momentum has reinforced further investor enthusiasm and flows into the space," he added. For example BitMine Immersion Technologies (BMNR), chaired by Fundstrat's Tom Lee, announced plans on Tuesday to sell up to another $20 billion worth of stock to increase its holdings of ethereum. The company's goal is to eventually acquire 5% of the world's outstanding ETH tokens. BitMine shares are up roughly 80% over the past five days. Meanwhile gaming and sports betting company SharpLink Gaming (SBET) and blockchain tech firm BTCS (BTCS), both of which are pursuing similar strategies, are also up 8% in the past five sessions. Ines Ferre is a Senior Business Reporter for Yahoo Finance. Follow her on X at @ines_ferre. Click here for in-depth analysis of the latest stock market news and events moving stock prices Sign in to access your portfolio
Yahoo
19 minutes ago
- Yahoo
Wells Fargo Bumps Targa Resources Target to $205, Cites Steady Outlook and Permian Growth
Targa Resources Corp. (NYSE: TRGP) is one of the best cheap growth stocks to buy according to analysts. On August 8, 2025, Wells Fargo analyst Michael Blum reiterated an Overweight rating on Targa Resources and raised the firm's price target from $198 to $205. The rating was maintained following the company's second-quarter performance, which Wells Fargo considered to be in line with expectations. The updated price target reflected continued confidence in Targa's 2025 guidance as well as anticipated volume growth in the Permian Basin. While these forward-looking assessments were not directly quoted from the analyst, they align with broader interpretations of the firm's outlook. The reaffirmation suggests that Targa remains well positioned within the midstream space despite sector-wide volatility. Targa Resources Corp. (NYSE: TRGP), headquartered in Houston, Texas, is a leading provider of midstream natural gas and natural gas liquids services. The company operates a vast network of pipelines, processing plants, and storage facilities, primarily focused on the Permian Basin and other key shale regions in the United States. While we acknowledge the potential of TRGP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Yahoo
19 minutes ago
- Yahoo
Will travel insurance cover wildfires in Europe? Here's what Brits need to check
Wildfires are raging across Spain, Portugal and Greece, threatening lives and disrupting travel. An intense heatwave continues to grip parts of southern Europe, fuelling dozens of wildfires and forcing thousands to evacuate their homes. Across Europe, at least three people have died and red alerts have so far been issued for parts of Spain, Portugal, Italy, France and the Balkans. In Spain, forecasters say temperatures may reach 44°C in popular tourist cities such as Seville and Cordoba, with similar highs expected in southern Portugal. The extreme heat has triggered top-level weather alerts in parts of southern France and the western Balkans, which saw temperatures exceed 40°C on Monday. Where are the wildfires? In Spain, flames engulfed more than 1,000 hectares in the Tres Cantos region near Madrid after a fire broke out on Monday evening. Winds of over 70km/h pushed the fire close to homes and forced hundreds to flee before authorities brought the fire under control, but with more hot weather due this week emergency services are on red alert. Elsewhere in Spain, fires raged across Castile and Leon, Castile-La Mancha, Andalusia xtxand Galicia, with around 1,000 soldiers deployed nationwide to support firefighting efforts. Nearly 4,000 people were evacuated in Castile and Leon alone, where more than 30 blazes were reported, and a fire threatened Las Médulas, a UNESCO World Heritage Site. In Andalusia, around 2,000 people were moved from homes and hotels near the coastal town of Tarifa, on the Mediterranean coast. In neighbouring Portugal, over 700 firefighters continued battling a major blaze in Trancoso, north-east of Lisbon. Portuguese authorities have been provided additional support from Morocco after Portuguese water bombers malfunctioned. Across the country, more than 1,300 firefighters and 14 aircraft were deployed with temperatures in some southern regions expected to reach 44°C, in the coming days. Greece is facing one of its most severe wildfire outbreaks in years, with more than 150 fires burning across the country and nearly 5,000 firefighters and dozens of aircraft deployed. Mass evacuations have been underway on the popular holiday island of Zakynthos and on Chios, beachgoers were rescued by boat as flames approached the shoreline. On the Greek mainland, dozens of people were rushed to hospital after suffering from smoke inhalation near the western city of Patras. In the Balkans, a soldier died when a water tanker overturned near the Montenegrin capital of Podgorica and a large blaze in Split, Croatia, was brought under control on Tuesday. Albania saw evacuations as fires spread through residential areas and an 80-year-old man died in a fire south of the capital, Tirana, officials said on Wednesday. In Turkey, major fires in Canakkale and Izmir have been contained, but not before forcing hundreds to evacuate and causing the temporary closure of the Dardanelles Strait and Canakkale Airport. Is it safe to travel? It is always recommended that you check UK Foreign Office (FCDO) before you travel anywhere, and as of 13 August they have not issued any specific travel advice for the wildfires in Spain or Portugal. The FCDO warns that wildfires happen often in Spain and Portugal during the summer months saying 'wildfires are highly dangerous and unpredictable' and reminds travellers to be 'aware of your environment when visiting or driving through woodland areas.' Spain's meteorological service Aemet, provides information on their website as to the risk of wildfires and temperatures. The FCDO remind holidaymakers travelling to Greece and Turkey that there is a 'high risk' of wildfires during the summer season. They also encourages travellers to Greece to register for alerts from the Greek government's Emergency Communication Service. Sean Tipton, Association of British Travel Agents (ABTA) spokesman, told Yahoo News: 'Wildfires are a fact of life in the Mediterranean, but it is pretty rare for wildfires to affect tourist areas. "When they do happen they can be dangerous so its important to always follow the advice of local authorities to the letter. If they say you should evacuate, then you should do so.' Will my insurance pay out if I have to cancel my travel plans? If your holiday destination is in a region affected by wildfires, it's important to assess whether it's a good idea to go ahead with the trip or stay at home - and where you stand from an insurance perspective. The ABTA advises against uninsured travel, and purchasing travel insurance that is applicable to your trip is essential before you leave. If the FCDO has deemed your destination safe to travel and your flights, accommodation and transfers are all going ahead as scheduled, then you may be unlikely to get compensation if you decide to stay at home. Rhys Jones, travel insurance spokesperson, told Yahoo News that travellers should 'check the cover limits on their policy" and consider whether you want to add extra protections. 'If the Foreign Office is advising against travel to your holiday destination, then going ahead anyway could cause you problems - as travel insurers may refuse your claim if you've travelled against their recommendations,' said Mr Jones. "If wildfires or extreme weather do cause disruption to your trip, such as cancelled flights and delays, you'll usually be covered for this under a standard travel insurance policy - and the unpredictability of events like these is one reason it's so important to have travel insurance in place.' If you have booked a package holiday, and the travel agent cancels your trip, the company should give you one of three options. Either an option to defer your date of travel, go to an alternative destination, or to have your money back. If you have booked your trip independently, and your flight is cancelled you are protected under UK law, according to the Civil Aviation Authority (CAA). This means airlines are required to offer care and assistance if your flight is delayed by two or more hours, depending on the length of your journey. This can include food and drink vouchers, refunds for phone calls or essential communication. And if your flight is cancelled and rebooked for a later date, your airline must also provide hotel accommodation, if needed, and transport to and from that accommodation. However, compensation for cancellations or delays caused by wildfires or extreme heat is unlikely as these are likely to be classed as 'extraordinary circumstances', meaning the disruption is not considered the airline's fault. The CAA states that while cancellations may lead to delays in rebooking, the airline is still responsible for getting you to your final destination. If a hotel cancels your stay then you would need to read their cancellation policy, and you are likely to receive your money back as they are not providing a service, whether you have insurance or not. Jo Rhodes, Which? Travel Expert, said it's important that travellers don't cancel their trips in the coming days. She said: "Travellers who cancel now will likely forfeit their right to a refund or rebooking, and as the FCDO has not warned against travel to the affected regions, are unlikely to be able to claim on their travel insurance. "As a rule, insurance firms won't make allowances for 'disinclination to travel.' "Instead, holidaymakers should wait until closer to the departure date to see if the holiday can go ahead or what flexible booking options are offered from the tour operator or airline. Travel companies will be prioritising anyone due to depart in the next couple of days."