Post by account_disabled on Feb 19, 2024 21:21:49 GMT -8
The global luxury jeweler synonymous with elegance, innovative design and fine craftsmanship, Tiffany & Co., announced new plans to accelerate its commitments to combat climate change. As well as consolidate its responsible participation in the creation of sustainable businesses, which prioritize nature and positively impact the communities where it operates.
With more than 300 retail stores Chile Mobile Number List worldwide and a workforce of more than 14 thousand employees, Tiffany Diamond's CSR recognizes its significant social and environmental reach and, therefore, its social responsibility as a brand.
Tiffany CSR
The luxury diamond brand has publicly committed to achieving net zero Greenhouse Gas (GHG) emissions in its own operations (Scopes 1 and 2) as well as its supply chain (Scope 3) by 2040 in line with the Science-Based Targets Initiative (SBTi) Net-Zero Global Framework .
To achieve this, the Tiffany CSR strategy establishes a short-term GHG reduction goal for 2030. This will gradually eliminate Scope 1 and 2 emissions by 70%. Which are generated within its own operations, such as stores, distribution centers, factories and offices.
In addition to the above, the brand has committed to reducing its Scope 3 emissions by 40%, generated in Tiffany's supply chain. It should be noted that scope 3 emission sources represent the majority of an organization's GHG emissions. And, although these emissions are not under the control of companies, they can influence the choice of suppliers based on their practices.
In addition to these near-term goals, Tiffany CSR will increase emissions reductions to 90% by 2040. The remaining 10% to be removed will be neutralized through high-quality carbon removals with expanded Tiffany & Co. investments in carbon-based solutions. nature. Which involve protecting, restoring and sustainably managing ecosystems, to increase their resilience and capacity to address social challenges.
tiffany-rings-responsible-jewelry-
Tiffany CSR Strategies
Among the selection of initiatives that support the luxury diamond company's ambitious commitment to almost completely eliminate GHG emissions are:
Move towards sourcing 100% of precious metals (gold, silver and platinum) from known recycled sources . Sourcing recycled precious metals could reduce carbon emissions associated with metal procurement by up to 90%.
Investing in sustainable transportation , including a new partnership with TOSHI, the sixth innovation award-winning company from leading luxury conglomerate LVMH Moët Hennessy Louis Vuitton, better known as LVMH.
Build and retrofit more sustainable buildings at your retail, manufacturing, office and distribution sites . All new construction, expansions, renovations and key interior fitouts are being designed to achieve Leadership in Energy and Environmental Design (LEED) Silver or higher certification.
Use 100% renewable electricity by 2030 and invest in operational energy efficiency initiatives. In 2021, 89% of Tiffany's global electricity use came from clean, renewable sources, including power generated by solar panels at its store locations.
Expand investment in nature-based solutions . Tiffany & Co. will continue to prioritize projects that protect and restore natural ecosystems, reduce carbon emissions, and empower local communities.
Tiffany bets on being net zero
Cutting GHG emissions until they are as close to zero emissions as possible will require the commitment and decarbonization of the company's entire value chain.
Therefore, he noted that he will focus on deep and rapid emissions cuts to achieve his new and ambitious goal. Which range from the supply of raw materials and commitment to suppliers, to the manufacturing and transportation of products. As well as the operation of retail stores and offices and employee travel.
With more than 300 retail stores Chile Mobile Number List worldwide and a workforce of more than 14 thousand employees, Tiffany Diamond's CSR recognizes its significant social and environmental reach and, therefore, its social responsibility as a brand.
Tiffany CSR
The luxury diamond brand has publicly committed to achieving net zero Greenhouse Gas (GHG) emissions in its own operations (Scopes 1 and 2) as well as its supply chain (Scope 3) by 2040 in line with the Science-Based Targets Initiative (SBTi) Net-Zero Global Framework .
To achieve this, the Tiffany CSR strategy establishes a short-term GHG reduction goal for 2030. This will gradually eliminate Scope 1 and 2 emissions by 70%. Which are generated within its own operations, such as stores, distribution centers, factories and offices.
In addition to the above, the brand has committed to reducing its Scope 3 emissions by 40%, generated in Tiffany's supply chain. It should be noted that scope 3 emission sources represent the majority of an organization's GHG emissions. And, although these emissions are not under the control of companies, they can influence the choice of suppliers based on their practices.
In addition to these near-term goals, Tiffany CSR will increase emissions reductions to 90% by 2040. The remaining 10% to be removed will be neutralized through high-quality carbon removals with expanded Tiffany & Co. investments in carbon-based solutions. nature. Which involve protecting, restoring and sustainably managing ecosystems, to increase their resilience and capacity to address social challenges.
tiffany-rings-responsible-jewelry-
Tiffany CSR Strategies
Among the selection of initiatives that support the luxury diamond company's ambitious commitment to almost completely eliminate GHG emissions are:
Move towards sourcing 100% of precious metals (gold, silver and platinum) from known recycled sources . Sourcing recycled precious metals could reduce carbon emissions associated with metal procurement by up to 90%.
Investing in sustainable transportation , including a new partnership with TOSHI, the sixth innovation award-winning company from leading luxury conglomerate LVMH Moët Hennessy Louis Vuitton, better known as LVMH.
Build and retrofit more sustainable buildings at your retail, manufacturing, office and distribution sites . All new construction, expansions, renovations and key interior fitouts are being designed to achieve Leadership in Energy and Environmental Design (LEED) Silver or higher certification.
Use 100% renewable electricity by 2030 and invest in operational energy efficiency initiatives. In 2021, 89% of Tiffany's global electricity use came from clean, renewable sources, including power generated by solar panels at its store locations.
Expand investment in nature-based solutions . Tiffany & Co. will continue to prioritize projects that protect and restore natural ecosystems, reduce carbon emissions, and empower local communities.
Tiffany bets on being net zero
Cutting GHG emissions until they are as close to zero emissions as possible will require the commitment and decarbonization of the company's entire value chain.
Therefore, he noted that he will focus on deep and rapid emissions cuts to achieve his new and ambitious goal. Which range from the supply of raw materials and commitment to suppliers, to the manufacturing and transportation of products. As well as the operation of retail stores and offices and employee travel.