Tapestry
Tapestry, Inc., headquartered in the United States, is a prominent player in the luxury fashion industry, renowned for its portfolio of high-end brands, including Coach, Kate Spade, and Stuart Weitzman. Founded in 1941, Tapestry has evolved significantly, marking key milestones such as its rebranding in 2017 to reflect its diverse offerings and global reach. The company operates primarily in North America, Europe, and Asia, focusing on the design, marketing, and distribution of premium accessories, footwear, and apparel. Tapestry's core products are distinguished by their craftsmanship and innovative designs, appealing to a discerning clientele. With a strong market position, Tapestry has achieved notable recognition for its commitment to sustainability and inclusivity, solidifying its status as a leader in the luxury sector.
DitchCarbon Score
How does Tapestry's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Apparel Production industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Tapestry's score of 66 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Tapestry's reported carbon emissions
In 2023, Tapestry, Inc. reported total carbon emissions of approximately 557,848,000 kg CO2e, with emissions distributed across various scopes: 17,338,000 kg CO2e (Scope 1), 2,023,000 kg CO2e (Scope 2), and 538,487,000 kg CO2e (Scope 3). This reflects a significant commitment to reducing their carbon footprint, particularly in light of their near-term targets. Tapestry has set ambitious goals to achieve net-zero greenhouse gas emissions across its entire value chain by FY2050. Specifically, they aim to reduce absolute Scope 1 and 2 emissions by 63.7% by FY2030, using FY2021 as the baseline. Additionally, they plan to cut Scope 3 emissions by 42% within the same timeframe. For Scope 3 emissions related to forests, land use, and agriculture (FLAG), Tapestry targets a reduction of 30.3% by FY2030. Long-term, Tapestry is committed to a 90% reduction in both Scope 1 and 2 emissions by FY2050, alongside a similar 90% reduction in Scope 3 emissions. They also pledge to eliminate deforestation linked to their primary commodities by December 31, 2025. These initiatives align with Tapestry's broader sustainability strategy, reflecting their dedication to addressing climate change and reducing their environmental impact in the textiles, apparel, footwear, and luxury goods sector.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 0,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Tapestry is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
