Tiffany And Co

Tiffany & Co.'s climate commitments include a near-term Science Based Target initiative (SBTi) to reduce absolute Scope 1 and 2 greenhouse gas emissions by 70% by FY2030, against a FY2019 baseline. The company also aims to reduce absolute Scope 3 emissions by 40% within the same timeframe. For the long term, Tiffany & Co. is committed to reaching net-zero GHG emissions across its value chain by FY2040, with a 90% reduction in absolute Scope 1, 2, and 3 GHG emissions from a FY2019 baseline.

In 2022, Tiffany & Co. reported Scope 1 emissions of approximately 2,926,000 kg CO2e and Scope 2 market-based emissions of approximately 5,524,000 kg CO2e. Scope 3 emissions for the same year were approximately 418,850,000 kg CO2e. These figures show that Tiffany & Co. has made progress, achieving a 33% reduction in both Scope 1 and 2, as well as Scope 3 emissions, by 2022 against its 2019 baseline.