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CARE’s impacts from the Infinite Strength campaign were felt throughout 2021.
CARE continues their important COVID- relief efforts by supplying clean water supplies, hygiene kits, nutritious food and more, to vulnerable communities across 67 countries.
laws and standards, outlines the key areas of potential human rights impacts across our business, as well as the Company’s approach to stakeholder engagement, grievance mechanisms and governance.
Our key areas of focus are achieving net zero emissions, designing and maintaining sustainable buildings and investing in sustainable and circular packaging—all while helping protect and sustain the rich biodiversity of our planet.
avoid the worst impacts of climate change, but it will require immediate and large-scale action.
We will invest in rapid and deep emission cuts in line with SBTi guidance by and reach net-zero by 2040.
We recognize that to effectively address climate change, our net-zero goal must be supported by a commitment to biodiversity.
drawn inspiration from the natural world since our inception, protecting biodiversity is especially important to Tiffany & Co.
Achieve net-zero greenhouse gas (GHG) emissions across Scopes By 2025, reduce the electricity intensity per square footage across our retail stores by 10% compared to 2018 levels.
By and purchases and continue to offset all remaining operational emissions.
→ In from clean, renewable sources including energy generated by solar panels at Tiffany & Co. locations and purchased renewable electricity credits, up from 85% in 2020.
surveyed key suppliers to gather GHG emission data.
→ In company-wide emission reductions across Scope 1, 2 and 3 in line with the Science Based Targets initiative (SBTi) Net-Zero Standard.
By Scope 3 GHG emissions, including engagement with our key business partners.
→ We conducted an assessment of the physical climate risks to our facilities worldwide, including potential exposure to heat stress, flooding, hurricanes and cyclones, water stress and sea level rise in various climate scenarios.
→ Building on this assessment, Tiffany & Co. plans to continue to look for opportunities to adapt to the impacts of climate changes that lie ahead.
By impacts and incorporate preventive and responsive action plans into relevant decision-making processes to improve our climate resilience.
TIFFANY & CO. SUSTAINABILITY REPORT At least 30% of our floor area (by square feet) will be Leadership in Energy and Environmental Design (LEED) Silver certified or above and we will be on track towards our ultimate goal of having all retail, manufacturing, distribution, offices and other spaces in line with Tiffany & ...
We plan to explore additional opportunities to implement circular economy principles, specifically to reduce material waste streams across our business.
Starting in reduce their environmental footprint through reduced packaging and smart shipping options.
We have been reducing emissions from our direct operations (Scope offsets equivalent to our remaining operational emissions since 2017.
We have accomplished this through a variety of measures, with a focus on reducing our electricity use and associated emissions through operational efficiency initiatives.
These initiatives directly impact how we operate our manufacturing operations, diamond cutting and polishing workshops, retail stores, offices and distribution facilities, enabling us to reduce emissions connected to our core business through high-impact facility improvements.
We have already made significant progress on our existing goals to reduce Scope 1 and 2 emissions.
In we set a goal to achieve a 70% reduction in total Scope 1 and Scope 2 GHG emissions by 2025 compared to 2018 levels.
This target was set after we surpassed our previous goal to reduce absolute emissions by by 2020, regardless of how our business grew.
In 37% and are on track towards our 2025 goal through a combination of energy-efficiency initiatives and renewable energy sourcing.
Achieving Net-zero Emissions We remain committed to avoiding greenhouse gas emissions by using renewable electricity wherever possible throughout our business.
At Tiffany & Co., we believe that a net-zero emissions future is not only possible—it is an urgent priority.
In to setting near- and long-term company-wide emission reductions in line with the SBTi Net-Zero Standard.
We are currently developing a near-term science-based target to limit warming to science-based target to achieve net-zero greenhouse gas emissions across Scope 1, 2 and 3 by 2040.
With approximately 3 emissions, reaching our net-zero goal will require the engagement and decarbonization of our entire value chain.
While we will prioritize deep and rapid emissions reductions within our value chain, we also believe nature based solutions will play an important role in achieving our goals, and we will continue to build on our long history of protecting natural ecosystems to realize carbon reduction, biodiversity protection and comm...
Scope (Location-based) 95%0.04% 5% †Both capital goods and waste generation in operation are included in the purchased goods and service category.
is a key, measurable component of our ongoing efforts to achieve net-zero emissions.
Tiffany & Co. continues to increase renewable electricity generation and purchases each year and is actively working towards our goal of procuring electricity from renewable sources by 2030.
In electricity use came from clean, renewable sources including energy generated by solar panels at Tiffany & Co. locations and purchased renewable electricity credits.
An important element of Tiffany & Co.’s commitment to renewable electricity is expanding our use of solar power.
Starting with our first installation in has now installed on-site solar at five locations globally: in the Dominican Republic, Cambodia, Rhode Island and two office and distribution facilities in New Jersey.
In to our facility in the Dominican Republic, expected to increase the on-site solar generation to 37% of the facility’s electricity consumption.
In Cambodia, we expect to complete a significant expansion in May more than double solar generation at the site and power approximately one-third of the building’s energy needs.
As we evaluate opportunities to expand our renewable energy portfolio, we continue to seek options to install more on-site solar around the world.
Beginning in and restore 4,000 square kilometers of critical ecosystems in Kenya’s Chyulu Hills.
By supporting Chyulu Hills Conservation Trust, our funds go beyond protecting the habitat.
We also help uplift the community in a number of important ways, including supporting education systems, water infrastructure, improved access to local health services and ranger training to protect the region.
The Chyulu Hills Conservation Trust REDD+ project helps protect critical areas from deforestation and forest degradation, while helping Indigenous ecosystems to continue to thrive.
REDD+ is a United Nations-envisioned climate change mitigation strategy to reduce CO and deliver significant benefits to local landowners and forest communities.
As Tiffany & Co. expands our investment in nature-based solutions over the coming years, we will continue to prioritize projects that protect and restore natural ecosystems, reduce carbon emissions and empower local communities.
Investing in Nature-based Solutions of Kenya's critical forest ecosystem, Chyulu Hills, benefited from our investment Nature-based solutions are an integral part of Tiffany & Co.’s strategy to protect biodiversity, empower communities and reduce greenhouse gas emissions.
These evaluations contribute to our to identify key climate risks, analyze potential impacts, and incorporate preventative and responsive actions plans into relevant decision-making processes to improve our climate resilience.
We focus our risk assessments on key operational areas, including our physical assets, infrastructure, retail locations and our employees, as well as the potential supply chain impacts on the materials we need to conduct our business.
Beginning in throughout 2021, we conducted an assessment of the physical climate risks to our facilities worldwide, including potential exposure to heat stress, flooding, hurricanes and cyclones, water stress and sea level rise in various climate scenarios.
As the most widely used green building rating system in the world, LEED provides a framework for healthy, efficient, carbon and cost-saving buildings.
used in building construction to efficient water and electricity use, ensuring our facilities are environmentally conscious and healthy for both the planet and our people.
Our including through increased implementation of circular economy principles to reduce materials use and key waste streams.
Moving to significantly reduce the carbon emissions associated with our precious metal procurement by up to 90%† and advance our goal of achieving net-zero across all business operations by 2040.
and paper-based packaging, marketing collateral and catalogues are procured from sustainable sources to help protect biodiversity, water quality and the rights of local communities.
We work to ensure our wood and paper are procured from sustainable sources.
Looking ahead, Tiffany & Co. is working to offer clients opportunities to reduce their environmental footprint through reduced packaging and smart shipping options.
of Forest Certification (PEFC) standard assuring legality and chain of custody, and the Global Forest Registry (GFR) deems country of origin as “Low Risk” for conversion and high conservation values.
BEST Forest Stewardship Council®-certified The gold standard in responsible forest management and chain of custody.
Independent, third-party certification assures protection of biodiversity, water quality and the rights of local communities.
Beyond striving to halt the detrimental effects of climate change and habitat loss, we endeavor to improve global conditions that allow the lush biodiversity of our planet to thrive into tomorrow.
Through these actions, Tiffany & Co. aims to encourage habitat and species preservation and reduce land and water pollution.
commitment to achieve net-zero emissions by our entire value chain, in line with the Science Based Targets initiative.
At Tiffany & Co., we celebrate a legacy of business practices that have supported biodiversity, from protecting vulnerable natural resources to rebuilding ecosystems to transforming supply chains.
We are proud that TNC will deploy these resources to help conservation efforts in five key regions facing imminent threats to their biodiversity.
Pebble Mine in an effort to preserve this precious ecosystem.
This is an important step towards safeguarding Bristol Bay for the near future, as this remand would reinstate the under section 404(c) of the Clean Water Act that would stop the Pebble Mine.
Although more than gold rush, chemicals that leaked into the earth and water systems from an estimated 500,000 abandoned hard rock mines still threaten sensitive watersheds, ecosystems and native species.
As a jeweler that sources precious metals primarily in the United States, we are concerned about the toxic legacy of mining in the American West and are working to address these impacts.
in the value of replenishing the biodiversity of these beautiful ecosystems, but also in Trout Unlimited’s community-driven approach to education and collaboration, ensuring the long-term protection of the areas they help reclaim.
This program rehabilitates land degraded by artisanal and small-scale diamond mining in developing economy countries and addresses problems associated with abandoned, water-filled pits and depleted soil resulting from former artisanal diamond mining.
that produces gold using responsible mining techniques while restoring critical animal habitats.
These funds expand protected areas classified as National Conservation Lands, raise the profile of the National Conservation Lands and preserve areas of ecological and cultural value for future generations.
As of than USD $36 million to grantees that support coral and marine conservation.
The Tiffany & Co. Foundation was also an early supporter of Blue Nature Alliance, an ocean conservation initiative created to catalyze the protection and conservation of million square kilometers of the ocean (seven million square miles)—an area twice the size of the continental United States.
Foundation, leading ocean conservation organizations have helped to create and expand almost across the world’s five oceans.
Pacific Ocean 3 4 5 6 7 † Map not to scale.
called the nurseries of the oceans, making them critical to ocean health.
These habitats are also vital to the well being of billions of people around the world who rely on coral reefs and thriving ocean ecosystems for coastal protection and food security.
However, due to the threat of climate change, coral reef ecosystems are diminishing at catastrophic rates.
The Tiffany & Co. Foundation has been committed to the preservation of corals and healthy marine ecosystems for over two decades.
Through a holistic approach to coral conservation, The Tiffany & Co. Foundation directly supports organizations in local communities that depend upon the well-being of coral reefs for their continued livelihood.
Our ongoing efforts to achieve net-zero emissions, conserve resources and protect biodiversity at a glance.
supplier that sources from one mine or from a supplier that sources from multiple known mines, but is not traceable to a specific mine, during the period January the contractual terms with the supplier, which require the diamonds to be purchased from a specific mine(s), or if unavailable (2) the details listed on the i...
The percentage of all active supplier facilities within the Social and Environmental Accountability Program that receive high, medium, or low risk ratings during the period of the last completed audit cycle (February 1, 2020-December 31, 2021).
The quantity in metric tons of carbon dioxide equivalent greenhouse gas emissions during the period January December 31, 2021.
See below for additional information on GHG emission factors and estimates.
global electricity in megawatt-hours (MWh) used during the period January either (1) owned onsite system generation records, (2) unbundled environmental attribute certificates, (3) contracts with a renewable energy project that is not directly connected to Tiffany & Co. operations, or (4) contracts for specific utility...
If no primary electricity, natural gas or steam usage data is available for a given month, consumption is estimated based on the floor area occupied by Tiffany & Co. and the Company’s regional average electricity, natural gas and steam use by building type (Laurelton Diamonds, warehouse, manufacturing, retail, mixed us...
Annual GHG emissions due to refrigerant leakage are estimated for all facilities based on facility floor area.
A “satisfactory” (green) audit result means the supplier had zero findings during the audit.
For each site that uses other fuels or GHG emission sources, such as acetylene, diesel, wax or propane, annual usage is collected every three years and carried forward as estimates for the following two years.
to incomplete scientific knowledge and other factors, to accurately measure under all circumstances the relationship between various inputs and the resultant GHG emissions.
Environmental and energy use data used in GHG emissions calculations are subject to inherent limitations, given the nature and the methods used for measuring such data.
Carbon dioxide emissions and equivalents associated with the activities noted above were determined on the basis of measured or estimated energy and fuel use, multiplied by relevant carbon emission factors.
Published emission factors were used to calculate emissions from operations.
Electricity emission factors are updated every year based on the best available data at the time.
emission sources GHG emissions from energy consumption are calculated using the emission factors from the United States Environmental Protection Agency’s (EPA) Mandatory Report Rule.