ZEELAND, Mich., Oct. 19, 2023 /PRNewswire/ — MillerKnoll, a global collective of dynamic design brands, has published its 2023 Better World report, detailing the company’s goal to design a better world through sustainability, community impact, and diversity, equity, inclusion, and belonging (DEIB). In 2021, following Herman Miller’s acquisition of Knoll, Herman Miller was renamed MillerKnoll, and the brands’ shared legacies of sustainable and inclusive design were brought together. This report provides metrics and details of initiatives launched by the collective of brands.

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MillerKnoll is progressing to reduce its carbon footprint from operations and products by 50% by 2030. One of the ways the company plans to meet this goal is by investing in renewable energy. Today, the company announced that PortalMill, one of MillerKnoll’s manufacturing and distribution facilities in the U.K., has completed solar panel installation and has begun generating its first solar-powered energy.

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ZEELAND, Mich. — In its fourth quarter/fiscal year earnings report, MillerKnoll cited a number of economic factors as posing difficulties, “particularly for the luxury housing market and discretionary spending on goods,” such as higher interest rates, regional banking crisis and lower consumer confidence.

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MillerKnoll, Inc. (NASDAQ:MLKN)‘s share price gapped up before the market opened on Friday after an insider bought additional shares in the company. The stock had previously closed at $17.63, but opened at $18.13. MillerKnoll shares last traded at $18.37, with a volume of 154,205 shares traded. Specifically, insider Megan Lyon purchased 6,410 shares of the firm’s stock in a transaction dated Friday, May 5th. The shares were purchased at an average cost of $15.60 per share, for a total transaction of $99,996.00.

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