Climate

We’ve pledged to achieve net-zero greenhouse gas emissions across our own operations (Scopes 1 and 2) and supply chain (Scope 3) by 2040, in line with the net-zero standard set by the Science Based Targets initiative. To meet this goal, we have set a 2030 near-term greenhouse gas reduction target, committing to reduce Scopes 1 and 2 emissions by 70% and Scope 3 emissions by 40%. We will focus on deep and rapid emission cuts across the business, including sourcing raw materials, engagement with suppliers, manufacturing and transportation of products, operation of retail stores and offices and employee travel.

Tiffany & Co.’s efforts to construct and retrofit more sustainable buildings are an integral component of our goal to achieve net-zero emissions across our entire value chain by 2040. In 2022, over 12% of our floor area (by square feet) was Leadership in Energy and Environmental Design (LEED) Silver certified or above and we are on track to achieve our goal of having at least 30% of our floor area LEED Silver certified or above by 2025.

We are committed to sustainably sourcing 100% of our Blue Boxes, blue bags, marketing collateral and catalogues. In 2022, our iconic packaging was made of more than 65% recycled content. As part of our goal to eliminate all single-use plastic by 2025, we’re also in the process of transitioning our plastic bubble wrap to sustainable alternatives.

Building upon our long-standing legacy of protecting natural ecosystems, we are expanding our investment in nature-based solutions. As part of our strategy to protect biodiversity, empower communities and reduce greenhouse gas emissions to reach net-zero by 2040, we have invested in an initiative to conserve and restore 4,000 square kilometers of critical ecosystems in Kenya’s Chyulu Hills. Located between Amboseli and Tsavo National Parks, the Chyulu Hills are home to more than 140,000 Indigenous people who make their living through agriculture and livestock farming. Tiffany & Co. will continue to prioritize projects that protect and restore natural ecosystems, reduce carbon emissions and empower local communities.