Tiffany & Co. released its second annual corporate responsibility report, outlining its sustainability initiatives.
Highlights of the report include:
- Responsible Mining: In 2011, Tiffany was able to trace 100 percent of the rough diamonds it received and 98 percent of its metals.
- Paper and Packaging: 100 percent of suppliers producing Tiffany Blue bags and Tiffany Blue Boxes were Forest Stewardship Council (FSC)-certified.
- Supplier Responsibility: The Tiffany & Co. Social Accountability Program helps ensure that vendors protect human and environmental rights through a program requiring audits.
- Governance: The Tiffany & Co. board of directors adopted the Tiffany & Co. Principles Governing Corporate Political Spending in 2011.
- Charitable Giving: Tiffany donated more than 2 percent of its pre-tax earnings to charity.
- Building Footprint: Tiffany & Co. reduced United States Scope 1 and 2 greenhouse gas emissions by 14.7 percent per square foot from 2006 to 2011.
“As detailed in the report, corporate responsibility is fully integrated into every aspect of our business,” Michael J. Kowalski, Tiffany & Co. CEO, said in a statement. “Our commitment to sustainability is embedded in our promise to our customers and embodied by our employees, who deliver a level of excellence established 175 years ago.”