Tiffany And Co
Tiffany & Co., often referred to simply as Tiffany, is a prestigious American luxury jewellery and specialty retailer headquartered in New York City, US. Founded in 1837, the company has established itself as a leader in the fine jewellery industry, renowned for its exquisite diamond engagement rings and iconic blue boxes. With a rich heritage marked by key milestones, including the introduction of the Tiffany Setting in 1886, Tiffany & Co. has consistently set the standard for quality and craftsmanship. The brand's core offerings encompass a wide range of products, including sterling silver, watches, and home accessories, all distinguished by their timeless elegance and superior artistry. As a market leader, Tiffany & Co. is celebrated for its commitment to ethical sourcing and sustainability, further enhancing its reputation as a symbol of luxury and sophistication.
DitchCarbon Score
How does Tiffany And Co'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 Retail Trade Services 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
Tiffany And Co's score of 59 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tiffany And Co's reported carbon emissions
In 2022, Tiffany & Co. reported total greenhouse gas emissions of approximately 428,000,000 kg CO2e, with emissions distributed across various scopes: 2,926,000 kg CO2e from Scope 1, 5,524,000 kg CO2e from Scope 2, and a significant 418,850,000 kg CO2e from Scope 3. This data reflects a comprehensive approach to emissions reporting, including all relevant scopes. Tiffany & Co. has set ambitious climate commitments, aiming to reduce absolute Scope 1 and Scope 2 emissions by 70% by FY2030, using FY2019 as the baseline. Additionally, the company targets a 40% reduction in absolute Scope 3 emissions within the same timeframe. Looking further ahead, Tiffany & Co. has committed to achieving a 90% reduction in all scopes (1, 2, and 3) by FY2040, also from a FY2019 baseline. Furthermore, the company aims to reach net-zero greenhouse gas emissions across its entire value chain by FY2040. These targets are aligned with the Science Based Targets initiative (SBTi) and demonstrate Tiffany & Co.'s commitment to addressing climate change within the luxury goods sector. The emissions data and reduction targets are cascaded from the parent company, LVMH Moët Hennessy - Louis Vuitton, indicating a broader corporate responsibility towards sustainability.
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| 2013 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 2,556,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 39,773,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | 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.
Tiffany And Co is participating in some of the initiatives that 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.
