Tiffany & Co. Launches Sustainability Website

November 17, 2011

Tiffany & Co. today unveiled its first annual web-based corporate responsibility report, detailing its history of environmental and social responsibility, and fiscal 2010 sustainability performance.

Tiffany box image The report provides insight into Tiffany’s standards and operations regarding the sourcing of precious materials. Gold, silver and platinum used in Tiffany’s workshops, for example, are sourced from responsibly mined metal deposits and recycled sources in the U.S. to minimize environmental and social risks. Tiffany also works with non-governmental organizations as well as the mining and jewelry industries to improve mining standards, and is working to protect areas such as Bristol Bay, Alaska.

Tiffany also provides details about its diamond supply chain and how the company works to purchase diamonds either directly from a mine or a supplier that only sources from known mines. Believing that diamonds should benefit the economies and societies of diamond-producing countries, Tiffany has invested in manufacturing operations, as well as employee development and training programs at Tiffany’s cutting and polishing facilities in Belgium, Botswana, Mauritius, Namibia, South Africa and Vietnam.

“Our position as a leader in the luxury jewelry market gives us the opportunity and the responsibility to set an example for the industry and to conduct our business in a manner that is consistent with our core beliefs—protection of the environment, respect for human rights and support for the communities in which we do business,” said Tiffany & Co. Chairman and CEO Michael J. Kowalski.

Tiffany supports the communities where it operates through The Tiffany & Co. Foundation and corporate giving programs. In 2010, the company donated close to 2 percent of pre-tax earnings to charitable purposes.

Tiffany’s conservation efforts extend to its packaging as well. Tiffany’s Blue bags and boxes are manufactured with materials certified by the Forest Stewardship Council. FSC, and catalogues are produced using more than 99 percent FSC-certified materials, according to the website.

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