Tiffany & Co. Sustainability Report

Passing a craft (and mission) down for generations

As a company, Tiffany & Co. values the Earth, which provides the precious materials that give life and form to their jewelry. Over the past two decades, they have worked to integrate environmental and social considerations into their core business practice — from how they source raw materials to how they craft their jewelry to how they operate their stores. Their 2017 Sustainability Report details progress of their social and environmental issues and highlights how they shape their programs for greater impact.

In 2017, they pushed forward with work to protect natural wonders like Bristol Bay, Alaska and the two dozen U.S. national monuments at risk of a rollback in land protections.

Their Tiffany Save the Wild collection and partnership with the Elephant Crisis Fund works to protect endangered elephants in Africa.

While Tiffany & Co. they use their 6 principles for responsible mining to globally improve large-scale, small-scale and artisanal mining standards by working with leaders in industry, civil society and government.

The majority of raw silver, gold and platinum used in their manufacturing facilities comes from two main sources: in-ground, large-scale deposits of metals in the United States, and metals from recycled sources.

Approximately 60% of their jewelry is made at Tiffany & Co. manufacturing facilities — which meet high standards for safety, cleanliness and a productive, welcoming environment.

Tiffany and The Tiffany & Co. Foundation also support abandoned mine reclamation and legislative reform that holds mines accountable for responsible closure.

In 2017, they invested in carbon offsets from a locally run forest conservation project that also delivers social and economic benefits to communities in Kenya’s Chyulu Hills.

Tiffany stopped using coral over a decade ago, and The Tiffany & Co. Foundation has awarded over $20 million in grants for coral and marine conservation.

Through their Social Accountability Program, they work with a key subset of suppliers to review and help them improve their human rights, labor and environmental performance.

They set a goal to achieve net-zero emissions by 2050.

The company’s emissions per square foot have decreased by 11% between 2013 and 2017.

In 2017, Tiffany & Co. took several steps to further improve their energy efficiency through retail lighting and building energy-management upgrades.

More than 20 of their existing stores converted to LED lighting in 2017, which reduces energy use by approximately 20% year over year.

$1M

raised in support of the Elephant Crisis Fund (in a few short months)

98%

of their raw precious metals procured by internal manufacturing facilities are traceable directly to a mine or recycler.

Sustainability lies at the heart of the Tiffany & Co. brand—it’s both our legacy and our future.

Alessandro Bogliolo

CEO

Tiffany & Co.’s designs are a celebration of nature — landscapes and wild creatures inspire the creativity of their designers and the craftsmanship of their skilled jewelers. Their sustainability achievements so far center around three key areas: responsible sourcing of the raw materials, conservation of irreplaceable nature and the empowerment and inclusion of their people.

The company’s long-standing environmental and social responsibility over more than 180 years at every step of their sourcing and jewelry making around the world continues to set exemplary standards for the industry.

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84%

of their global electricity came from clean, renewable energy

99%

of paper used in catalogs was sustainably sourced

There is no greater luxury than being able to gift future generations with unspoiled natural wonders and wide-open opportunity.

Alessandro Bogliolo

CEO