📣 Just launched! Our FY25 Corporate Responsibility Report, The Fabric of Change, is now live at tapestry.com/responsibility. Each year, we’re proud to share Tapestry’s efforts in achieving our planet, product, communities and people goals. This year, we achieved many of our 2025 goals, including: ➡️ Powering our stores, offices, and fulfillment centers with 100% renewable electricity ➡️ Reducing Scope 1 & 2 GHG emissions by 81% since FY2022 ➡️ Mapping 96% of the raw materials back to at least Tier 3 ➡️ Joining the Deforestation-Free Leather Fund, with a $250,000 multi-year commitment ➡️ Contributing 53,000+ employee volunteer hours globally, bringing our cumulative total to 303,000, toward our 2030 goal of 500,000 We’re grateful to our teams and partners who power this work. Together, we’re building a better-made future.
We’re proud to announce our deepened partnership with Gen Phoenix, a leading sustainable recycled leather fiber material manufacturer at scale. Through a new multi-year supply agreement and increased investment, we’ve also increased our equity stake in Gen Phoenix to 9.9%. Together, we can keep creating products that consumers love using next-generation materials at unprecedented scale and consistency. Read more in our Newsroom (https://www.tapestry.com/sustainability/tapestry-expands-strategic-partnership-with-gen-phoenix/) or in Gen Phoenix’s full press release (https://www.prnewswire.com/news-releases/gen-phoenix-secures-15m-investment-round-as-tapestry-expands-strategic-partnership-with-supply-agreement-302505015.html).
Today, Tapestry proudly releases our FY2024 Corporate Responsibility Report, “The Fabric of Change.” In it, we share our work, commitments, and goals across four key areas: products, planet, communities and people. Read the entire report at tapestry.com/responsibility
📢 Big announcement! For the first time, Tapestry has been named to TIME’s 100 Most Influential Companies list, which highlights companies making an extraordinary impact around the world. From Tapestry CEO, Joanne Crevoiserat: “From creating exceptional products and experiences, to shaping a better-made future through our sustainability and social impact work, to cultivating a culture of innovation within our organization, our brands and teams are constantly raising the bar. I am incredibly proud of our teams across Tapestry, Coach, Kate Spade and Stuart Weitzman, and we’re just getting started.”
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