Tapestry, Inc., a leading New York-based house of modern luxury accessories and lifestyle brands, today announced that it has signed the Science Based Targets initiative (“SBTi”) Business Ambition for 1.5⁰C, committing to setting interim science-based emissions reduction targets in order to limit global warming to 1.5°C and to reach net-zero global emissions by 2050 at the latest.
The commitment aligns Tapestry’s climate mitigation targets with the most ambitious aim of the Paris Agreement and adheres to SBTi’s most rigorous guidelines to reduce the destructive impacts of climate change in the short and long term.
By signing, Tapestry has committed to set science-based emissions reduction targets across all scopes, in line with 1.5°C emissions scenarios and the criteria and recommendations of the SBTi. In addition, the Company has pledged to set a long-term science-based target to reach net-zero value chain GHGs emissions by no later than 2050.
Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc., said, “At Tapestry, we are committed to leading with purpose and embracing our responsibility as a global house of fashion brands to effect real and lasting change for our industry and our stakeholders. Signing the Business Ambition for 1.5⁰C represents an important step forward in our journey to reduce our climate impact and make our planet more sustainable.”
By joining SBTi’s Business Ambition for 1.5⁰C, Tapestry is continuing to strengthen its dedication to environmental efforts to combat climate change. This commitment further reinforces Tapestry’s recently announced actions to drive positive change for its people, planet and community, including committing to procure 100% renewable electricity in its stores, offices, and fulfillment centers by 2025, and establishing the $50 million Tapestry Foundation to advance equity and opportunity and to combat the climate crisis.
