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Tiffany & Co., often simply referred to as Tiffany, is a renowned American luxury jewellery retailer headquartered in the United States. Established in 1837, the company has become synonymous with elegance and sophistication, particularly in the realm of fine jewellery and silverware. Tiffany's core offerings include exquisite engagement rings, timeless necklaces, and iconic silver pieces, all distinguished by their exceptional craftsmanship and unique designs.
With a strong presence in major markets across North America, Europe, and Asia, Tiffany & Co. has solidified its position as a leader in the retail trade services industry, specifically within the luxury segment. The brand's commitment to quality and innovation has earned it numerous accolades, making it a preferred choice for discerning customers seeking both beauty and heritage in their jewellery.
60
DitchCarbon score
+24 vs industry average
Tiffany And Co’s score of 60 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Low
Retail Trade Services has below-average carbon intensity
Industry performance
0.181
20182025
The Retail Trade Services industry has reduced its overall emissions by 31% since 2018
Emissions trajectory 2020 – 2025
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Tiffany And Co's reported carbon emissions
Tiffany & Co. reported total emissions of approximately 427.3 million kg CO2e in 2022. This includes Scope 1 emissions of 2.9 million kg CO2e, Scope 2 emissions (market-based) of 5.5 million kg CO2e, and Scope 3 emissions of 418.8 million kg CO2e.
Tiffany & Co. has set Science Based Targets initiative (SBTi) approved targets. The company commits to reach net-zero GHG emissions across the value chain by FY2040 from a FY2019 base year. Near-term targets include reducing absolute Scope 1 and 2 GHG emissions by 70% by FY2030 from a FY2019 base year, and reducing absolute Scope 3 GHG emissions by 40% within the same timeframe. For long-term targets, Tiffany & Co. commits to reduce absolute Scope 1, 2, and 3 GHG emissions by 90% by FY2040 from a FY2019 base year. In 2022, the company achieved a 33% reduction in both Scope 1 and 2, as well as Scope 3 emissions.
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Tiffany And Co’s Climate Goals (2030 & 2050)
4 goals2030
70% reduction in Scope 2
Tiffany & Co. commits to reduce absolute scope 2 GHG emissions 70% by FY2030 from a FY2019 base year.
On track70%
2030
70% reduction in Scope 1
Tiffany & Co. commits to reduce absolute scope 1 GHG emissions 70% by FY2030 from a FY2019 base year.
Behind target70%
2040
Tiffany & Co
Tiffany & Co. commits to reach net-zero GHG emissions across the value chain by FY2040 from a FY2019 base year.
Behind target0%
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Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
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Active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
Inherited from LVMH Moët Hennessy - Louis Vuitton, Société EuropéenneSee details
Active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Tiffany And Co3 months ago
60
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Frequently asked questions
Common questions about Tiffany And Co’s sustainability data and climate commitments
Usage policy
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