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Tiffany & Co. Releases 2012 Corporate Responsibility Report

Stocks in this article: TIF

Over the last few years, Tiffany & Co. has financed diamond mines to assure access to high-quality diamonds. Specifically, the company finances projects in Sierra Leone and South Africa, allowing for a new supply of diamonds that meet Tiffany & Co. standards and also increased traceability.

Paper and Packaging: In 2012, 100% of paper suppliers of Tiffany Blue bags and Tiffany Blue Boxes were Forest Stewardship Council (FSC)-certified. The company recently introduced a new Tiffany Blue bag, with 50% post-consumer recycled content in selected cities in the United States. Based on the success of this program, the company plans to roll out these new bags in additional cities in the U.S. and abroad.

Industry Leadership: Tiffany & Co. was added to the FTSE4Good ® Index in 2012, which identifies businesses that meet globally recognized corporate social responsibility standards.

Governance: Tiffany & Co. performed its first annual disclosure in accordance with the Tiffany & Co. Principles Governing Corporate Political Spending, adopted by the Board of Directors in 2011. These principles apply globally to Tiffany & Co. and its controlled affiliates.

Building Footprint: Tiffany & Co. received the United States Environmental Protection Agency’s Excellence in Greenhouse Gas Management (Goal Achievement Award) for surpassing its goal to reduce U.S. Scope 1 and 2 greenhouse gas emissions by 10% per square foot from 2006 to 2011.

Between 2010 and 2012, the Tiffany & Co. New York affiliate’s headquarters were consolidated into a LEED-CI Platinum office space, reducing emissions by 23%.

Our Employees: Tiffany performs periodic surveys of its global employee population. The 2012 Global Employee Survey had a 90% participation rate.

Tiffany set an ambitious goal of reducing our U.S. total recordable incidence rate—the number of recordable workplace injuries or illnesses per 100 full-time equivalent employees—by nearly 70% against a 2011 baseline by 2016.

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