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Tiffany & Co.

Tiffany & Co. Sustainability Site

CEF Lead Executives

ANNIKA DUBRALL
Head of Tiffany Sustainability & Philanthropy
Annika is Director & Interim Head of Global Sustainability & Philanthropy at Tiffany & Co. Annika assumed this position in July 2022. Annika is responsible for providing strategic leadership for Tiffany & Co.’s sustainability and philanthropy functions, driving sustainability strategy, progressing the company’s 2025 Sustainability Goals and ensuring alignment with LVMH’s social & environmental responsibility targets. She is also the current lead for the Tiffany & Co. Foundation. Annika has almost 20 years of experience defining and deploying sustainability, philanthropy and supply chain strategy. Prior to Tiffany, she held leadership roles at Gap Inc. and Stitch Fix., and most recently was the Director of Strategic Initiatives at PVH. She consulted with the Skoll Foundation, worked in-house at several n-profit global development organizations and serves on the board of two US organizations. Annika holds a master’s degree from University of Oxford Saïd Business School.

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Sustainability Goals

Ongoing Sustainability Goals

Develop a Sustainable Material Guidance, including human rights and biodiversity considerations, for all key materials for products, product packaging and store interiors.
Implement a strategy to reduce Scope 3 GHG emissions, including engagement with our key business partners
Remove commodity-driven deforestation from key wood and paper supply chains
Offer customers opportunities to reduce their environmental footprint through reduced packaging and smart shipping options
All key new construction, expansion, renovation and interior fit-outs will achieve LEED Silver certification or above
Aim to donate at least 1% of pre-tax earnings to charitable purposes every year (annual target)

2025 Goals

Achieve net-zero GHG emissions and increase climate resilience
Achieve 100% traceability of individually registered diamonds to mine of origin, or supplier’s approved mines (reached 95% as of 2020)
Reduce total global Scope 1 and Scope 2 GHG emissions by 70% compared to 2018 levels (reduced by 22% as of 2020)
Increase renewable energy generation and purchases, advance our ultimate goal of using 100% of our global electricity from renewable sources, and continue to offset all remaining operational emissions (achieved 85% as of 2020)
All key materials for products, product packaging and store interiors are sourced responsibly according to our next generation Sustainable Material Guidance (achieved 50% recycled content of client-facing pulp- and paper-based packaging and 100% of its Blue Boxes, blue bags and marketing collateral and catalogues were sustainably sourced as of 2020)
Eliminate single-use plastic packaging and collateral containing plastics
At least 30% of our floor area (by square feet) will be LEED Silver certified or above and we will be on track towards our ultimate goal of having all retail, manufacturing, distribution, offices and other spaces in line with Tiffany Sustainable Building Fundamentals & Guidelines
Identify key climate risks, analyze potential impacts and incorporate preventative and responsive action plans into relevant decision-making processes to improve our climate resilience
Implement circular economy principles to reduce material use and key waste streams

2030 Goals

Reduce Scope 1 and 2 emissions by 70%, and Scope 3 emissions by 40% (2019 baseline)
Source 100% of its precious metals from recycled sources
Use 100% renewable electricity
Invest in sustainable transportation, construct and retrofit more sustainable buildings
Invest in efficiency initiatives

2040 Goals

Reduce all emissions by 90% and address the remaining 10% with expanded investments in nature-based solutions (2019 baseline)

2050 Goals

Achieve net-zero GHG emissions globally (2013 baseline)

Past Goals Achieved

Reduce emissions by 15% (2013 baseline) (reduced Scope 1 and 2 GHG emissions by 22% as of 2020)
Use at least 80% recycled content for corrugated cardboard (achieved 100% as of 2020)
Use at least 50% recycled content for consumer-facing pulp- and paper-based packaging and collateral (achieved in 2020)
Achieve 100% traceability of all gold, silver and platinum that we use for our jewelry to mine or recycler (achieved in 2021)

Latest Sustainability Reporting

2021 Sustainability Report (December 2022)

Highlights

Reduced Scope 1 and 2 GHG emissions by 37%, up from 22% in 2020 (2018 baseline) through a combination of energy efficiency initiatives and renewable energy sourcing.
Reduced electricity intensity per square footage in its retail stores 8%, an improvement from 7% in 2020 (2018 baseline)
89% of its global electricity use came from clean, renewable sources (up from 85% in 2020) from purchased renewable electricity and generated solar energy
Over 99% of all gold, silver and platinum that we used in our jewelry were traceable to a known mine or known recycled source.
47% of all precious metals sourced came from known recycled sources.
97% of the individually registered diamonds procured were traceable to mine of origin or supplier’s approved mines.
25 retail stores, offices and manufacturing locations are certified LEED Silver, Gold or Platinum, with an estimated 11% of its total floor area by square feet is LEED Silver certified or above
Client-facing pulp- and paper-based packaging was made of at least 50% recycled content
100% of corrugated cardboard was recycled content
Completed 470,000 repairs on client-owned jewelry
Continues to embed bias mitigation training throughout learning and development opportunities. As of the end of 2021, 46% of active employees had completed unconscious bias awareness training.
Global workforce consisted of 71% female/29% male with Managers & above consisting of 63%/37% and VPs & above consisting of 49%/51%.
Across U.S. employees, persons of color represented 49.2% of the total workforce, 27.7% of Managers, 20.8% of Directors & Senior Directors, and 12.6% of VPs & above.

Recent News

2022

Has set a 2030 greenhouse gas emission reduction target in alignment with SBTI’s Net-Zero standard. The company pledges to reduce Scope 1 and 2 emissions by 70%, and Scope 3 emissions by 40%, by 2030 from a 2019 baseline. By 2040, Tiffany will reduce all emissions by 90% and address the remaining 10% with expanded investments in nature-based solutions. To achieve these targets, Tiffany will move toward sourcing 100% of its precious metals from recycled sources, invest in sustainable transportation, construct and retrofit more sustainable buildings, and use 100% renewable electricity by 2030 and invest in efficiency initiatives. (Nov 2022)

More than 330 businesses and financial institutions from 52 countries, with combined revenues of over $1.5 trillion, urged world leaders to move beyond voluntary actions to halt and reverse biodiversity loss in a new statement. The statement advocates for the leaders to adopt “mandatory requirements for all large businesses and financial institutions to assess and disclose their impacts and dependencies on nature by 2030.” CEF Members involved include BASF, Google, International Paper, McKinsey & Co., Microsoft, PepsiCo, Procter & Gamble, Schneider Electric, Tiffany & Co., Unilever, and WM. Businesses can sign the statement here. (Oct 2022)

2021

The CEOs of over 1,000 companies with a combined $4.7 trillion in annual revenue sent an open letter to all heads of state ahead of the UN Convention on Biological Diversity (COP15), urging them to adopt a concrete commitment to reverse nature loss by 2030. They said the July 2021 draft plan for a Post-2020 Global Biodiversity Framework “lacks the ambition and specificity required to drive the urgent action needed.” Signatories include the CEOs of CEF members BASF, Google, International Paper, McKinsey & Co., Microsoft, PepsiCo, Procter & Gamble, Schneider Electric, Tiffany & Co., Unilever, and Waste Management. (Oct 2021)
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Members of the Corporate Electric Vehicle Alliance (CEVA) and the BICEP Network sent letters (CEVA letter and the BICEP letter) calling for the Biden administration to adopt vehicle standards aligned with climate science and consistent with a pathway to 100% zero-emission vehicle sales by 2035. The two Ceres-led networks represent over 80 companies with combined annual revenue of $1.3 trillion and include Amazon, CBRE, Kaiser Permanente, McDonald’s, Microsoft, Siemens, Tiffany & Co., Unilever, and VF Corporation. (April 2021)

2020

Tiffany & Co. has advanced its commitment to diamond traceability, with newly announced plans to disclose the “full craftmanship journey” of newly sourced, individually registered diamonds. This builds on the company’s previous announcement to provide the provenance (region or countries of origin) of its individually registered diamonds. (August 2020)

A group of more than 300 businesses — including Dow, Microsoft, PepsiCo, Tiffany & Co., Trane Technologies, VF Corporation, and Visa — have called on U.S. Congress to “build back a better economy by infusing resilient, long-term climate solutions into future economic recovery plans.” The effort was organized by Ceres and other partner organizations. (May 2020)

Tiffany & Co. placed full-page ads in the Sydney Morning Herald and Melbourne-based publication the Age calling on Australian Prime Minister Scott Morrison to take bold climate action in response to the ongoing bushfires. (Jan 2020)

2019

Tiffany & Co. joined a group of CEOs from more than 70 companies and union leaders, representing 12.5 million workers, and signed a joint statement calling for the United States to stay in the Paris Agreement. (Dec 2019)

Tiffany & Co. and Apple announced that they are now using “Salmon Gold” in their respective supply chains. Salmon Gold is the result of a joint-initiative between the companies and solutions-focused NGO RESOLVE that combines responsible gold mining with fish habitat restoration in Alaska, the Yukon Territory, and British Columbia. (Aug 2019)

Tiffany & Co. announced a new commitment to 100% geographic transparency for every newly sourced, individually registered diamond. The company also announced plans to become the first in its industry to share the craftsmanship journey (such as cutting and polishing workshop location) of its diamonds by 2020. (Jan 2019)