Tapestry Sets 2030 Goals

Tapestry, Inc. updated its ESG strategy and announced new 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.

January 31, 2023

Published by SED

Commercial, Energy Efficiencies, GHG Emissions

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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