Tiffany Reduces Greenhouse Gas Emissions by 14.7 Percent

August 9, 2012

In addition to responsible mining, corporate governance and charitable giving, Tiffany & Co. outlined important reductions in carbon emissions and packaging in its second annual corporate responsibility report.

Tiffany image The jewelry retailer reduced United States Scope 1 and 2 greenhouse gas emissions by 14.7 percent per square foot from 2006 to 2011, surpassing its 10 percent reduction goal. The Tiffany & Co. New York affiliate’s headquarters were also consolidated into a LEED-CI Platinum office space.

Another large initiative is upgrading it paper and packaging sourcing. At the end of 2011, 100 percent of suppliers producing Tiffany Blue bags and Tiffany Blue Boxes were Forest Stewardship Council (FSC)-certified.

“Corporate responsibility is fully integrated into every aspect of our business,” said Tiffany & Co. Chairman and CEO Michael J. Kowalski. “Our commitment to sustainability is embedded in our promise to our customers and embodied by our employees, who deliver a level of excellence established 175 years ago.”

Responsible mining and supplier responsibility are at the corner stone of the luxury retailer’s initiatives as it strives to source diamonds, gemstones and metals from mines that conform to high standards of social and environmental responsibility. Tiffany & Co. purchases both rough and polished diamonds that meet its standards for quality and responsible sourcing, and in 2011, was able to trace 100 percent of the rough diamonds received either directly to a known mine or to a supplier that sources from multiple known mines.

In addition, the company financed diamond mines in Sierra Leone and South Africa to assure access to high-quality diamonds and increased traceability. Of the precious metals used in its manufacturing facilities, Tiffany was able to trace 98 percent of metals directly to a known mine or recycler.

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Keywords: carbon emissions, sustainable packaging

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