Commercial, Energy Efficiency, GHG Emissions - February 1, 2023
Tapestry Sets 2030 Goals
Tapestry, Inc. updated its ESG strategy and announced targets submitted to the Science Based Targets Initiative (SBTi) for validation to reduce Scope 1, 2 and 3 GHG emissions by 42.5% below FY2021 levels by FY2030 and achieve net-zero by 2050.
A New York-based house of accessories and lifestyle brands consisting of Coach, kate spade, and Stuart Weitzman, the company increased the percentage of renewable energy use to 67% across Tapestry’s own stores, offices and fulfillment centers and decreased GHG emissions across Scopes 1, 2 and 3 by 5% from FY2021 as the company works toward its new science-based targets of a 42.5% reduction by 2030.
Details were provided in its Fiscal Year (FY) 2022 Corporate Responsibility (CR) report.
“Tapestry is on a journey to create a better-made future that is both beautiful and responsible,” said Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc., in a statement. “Every day, our brands – Coach, kate spade and Stuart Weitzman – create extraordinary products for modern lives. This same approach is reflected in our work to weave together our ambitions as a business while working to protect the wellbeing of our planet, our people and our communities.”
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