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 51 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Tiffany And Co's reported carbon emissions
In 2022, Tiffany & Co. reported carbon emissions of approximately 2,926,000 kg CO2e for Scope 1 and 5,524,000 kg CO2e for Scope 2, while Scope 3 emissions were significantly higher at about 418,850,000 kg CO2e. The company has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its entire value chain by FY2040, using FY2019 as the baseline year. To achieve these goals, Tiffany & Co. has established near-term targets to reduce absolute Scope 1 and 2 emissions by 70% and Scope 3 emissions by 40% by FY2030. Furthermore, the company has committed to a long-term reduction of 90% in all scopes (1, 2, and 3) by FY2040. These targets align with the Science Based Targets initiative (SBTi) and are designed to contribute to limiting global warming to 1.5°C. Overall, Tiffany & Co.'s climate strategy reflects a strong commitment to sustainability and reducing its carbon footprint, positioning the brand as a leader in the luxury goods sector in addressing climate change.
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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 | 40,750,000 | 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 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.
