Tiffany & Co. today released its annual Corporate Responsibility Report. The full report can be accessed at the Company’s website (tiffany.com/sustainability, #tiffanycsr) and covers Tiffany’s corporate sustainability initiatives and long history of environmental and social responsibility.
“The report details our strong, industry-leading commitment to business practices that are socially and environmentally responsible,” said Tiffany & Co. Chairman and CEO Michael J. Kowalski. “As leaders in the jewelry industry, we believe there is both a business imperative and a moral obligation to look beyond our own practices to support responsible behavior throughout the entire jewelry supply chain.”
In our fourth year of formal sustainability reporting, our 2013 Corporate Responsibility Report and website has been redesigned and revamped. The Company’s CSR report and website have been redesigned to ensure the information continues to be meaningful, robust and allows us to connect to our diverse stakeholders on the issues they care about.
The 2013 Corporate Responsibility Report provides an overview of Tiffany’s most important environmental and social challenges, with a focus on responsible mining and sourcing of our raw materials, ranging from diamonds and gold to the paper in our iconic Blue Boxes and bags. The following highlights specific areas of the report, which aligns with the Global Reporting Initiative (GRI) G4 “In Accordance – Core” and United Nations Global Compact reporting frameworks. Tiffany & Co. is among the first retailers to use the progressive G4 framework to report on our economic, environmental and social performance.
: As long-time sustainability leaders in the jewelry industry, Tiffany strives to advance rigorous responsible mining standards. With the Initiative for Responsible Mining Assurance (IRMA), significant progress was made in 2013 toward the development of a globally recognized standard for mining. After years of productive dialogue, IRMA recently released its draft standard for public comment with the plan to pilot the standard in 2015.
Tiffany also invests in diamond-producing countries, actively advocates for preservation efforts and encourages more progressive and effective government oversight. By investing in diamond-producing countries, we are able to maintain the integrity of our supply chain while creating jobs, training unskilled workers and benefitting local economies – all important goals of Tiffany’s sustainability work. The Company purchases rough diamonds only from those countries that are participants in the Kimberley Process Certification Scheme (KPCS).