Tapestry, a US-based luxury group whose brands include Coach, Kate Spade New York and Stuart Weitzman, has set new corporate responsibility goals and launched a microsite under the name “Our Social Fabric” so as to chart sustainability and social governance programme.
Outlined in the group’s 2018 Corporate Responsibility Report, the new targets focus on Tapestry’s three responsibility pillars: Our People, Our Planet and lastly our Communities.
Tapestry has planned to attain new goals including 95 per cent traceability and mapping of new materials in order to ensure a transparent as well as responsible supply chain. It also plans to achieve 10 per cent reduction in water usage across Tapestry and its supply chain.
Other targets that the luxury group plans to achieve include 20 per cent reduction in absolute Scope 1 and Scope 2 CO2 emissions and 20 per cent reduction in absolute Scope 3 emissions from freight shipping over a 2017 baseline. The group also plans to ensure that 90 per cent of leather is sourced from Silver and Gold-rated Leather Working Group tanneries as well as achieving 75 per cent recycled cotton in packaging and 25 per cent reduction in North America corporate and distribution centre waste.
Victor Luis, CEO, Tapestry, said, “Built on our values of optimism, innovation and inclusivity, these goals solidify our commitment to social responsibility, as we recognise our role as a leader in our industry to effect real, measurable change. Addressing pressing global issues, and contributing to a world that is inclusive, sustainable and safe, is a responsibility that we all share.”