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Tiffany releases corporate responsibility report


New York - Tiffany & Co. has set a goal to reduce global greenhouse gas (GHG) emissions by 15% from 2013 to 2020, according to its annual corporate responsibility report. The report details that the retailer had installed energy efficient LED lighting in retail displays at more than 39 U.S. retail locations by the end of 2013. An additional 16 North American locations are planned for 2014.

The report also includes progress in the following areas:

Responsible Mining: Tiffany is involved in the Initiative for Responsible Mining Assurance (IRMA), which recently released its draft standard for public comment with the plan to pilot the standard in 2015. Tiffany also invests in diamond-producing countries, actively advocates for preservation efforts and encourages more progressive and effective government oversight. The company purchases rough diamonds only from those countries that are participants in the Kimberley Process Certification Scheme (KPCS).

In addition, the Tiffany board of directors also adopted a Conflict Minerals Policy, which articulates principles for responsible gold mining to its vendors.

Paper and Packaging: Tiffany is committed to responsibly sourcing jewelry and the boxes and bags in which it is presented. One hundred percent of paper suppliers of Tiffany boxes and bags in 2013 were Forest Stewardship Council (FSC)-certified. In addition boxes and bags are produced with recycled paper, ensuring the paper for our iconic packaging is responsible sourced.

Charitable Giving: In 2013, Tiffany made charitable contributions totaling over 2% of pre-tax earnings. Further, The Tiffany & Co. Foundation continues to play a key role in the company’s sustainability efforts, supporting leading organizations working in areas like responsible mining and coral conservation.

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