Tiffany & Co. today released its sixth annual Sustainability Report, now available at Tiffany.com/sustainability, which outlines the company’s continued achievement in corporate social responsibility, commitment to the environment, and contributions to the communities in which it operates across 30+ countries.
“Of the many reasons to take pride in Tiffany, none is more important than our long-held commitment to the environment and its people,” said Frederic Cumenal, chief executive officer, Tiffany & Co. “World-class leadership in sustainability among great luxury brands is rooted in a humble understanding of our impact on, and thus responsibility to, the world.”
The 2015 Sustainability Report provides an overview of the company’s efforts around Tiffany’s most important environmental and social issues. New and noteworthy sustainability achievements and commitments include:
• 2015 Report Highlights include that Tiffany…
o Set a new target to achieve net-zero greenhouse gas emissions by the year 2050, as part of the nonprofit coalition of business leaders, The B Team, asking world leaders to support the transition to a low-carbon economy.
o Announced a multimillion-dollar internal Green Fund dedicated to global energy efficiency, renewable energy and other projects that generate cost, carbon and resource savings.
o Supported the creation of Marine Protected Areas through The Tiffany & Co. Foundation, now totaling 14, which since 2014 protect more than 4 million square kilometers of ocean, an area twice the size of Mexico.
o Appointed the company’s first chief sustainability officer, Anisa Kamadoli Costa. As CSO, Anisa sets the strategic sustainability agenda to ensure continuous improvement of social and environmental performance and further align with business objectives.
o For the first time, illuminated every new store opened in 2015 by energy efficient LED. Now over 100 Tiffany stores have LED lighting.
o Committed to remove commodity-driven deforestation from key supply chains by 2020, consulting with the Rainforest Alliance and focusing on consumer packaging including Tiffany Blue Boxes and bags, as well as our catalogs and products.
o Joined the U.S. World Wildlife Trafficking Alliance to encourage the jewelry industry to eliminate illicit products, including coral and ivory, from their supply chains.
For more details on these highlights and to read the full report, please visit Tiffany.com/sustainability or follow #TiffanyCSR.