Tapestry, Inc., a leading New York-based house of modern luxury accessories and lifestyle brands, has signed the Science Based Targets initiative (SBTi) Business Ambition for 1.5⁰C, committing to set interim science-based emissions reduction targets in order to limit global warming to 1.5°C and reach net-zero global emissions by 2050 at the latest.
Tapestry's climate mitigation goals are aligned with the Paris Agreement's most ambitious goal, and it follows SBTi's most stringent guidelines for reducing the damaging effects of climate change in the short and long term.
By signing, Tapestry has committed to adopting science-based emissions reduction targets across all scopes, in accordance with 1.5°C emissions scenarios and the SBTi's criteria and recommendations. Furthermore, the corporation has committed to a long-term science-based goal of achieving net-zero value chain GHG emissions by 2050.
Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc, said that at Tapestry, they’re committed to leading with purpose and embracing their role as a global house of fashion brands to impact genuine and lasting change for their industry and their stakeholders. Signing the Business Ambition for 1.5°C is a significant step forward in their efforts to reduce our climate impact and make our planet more sustainable.
Tapestry is reaffirming its commitment to environmental initiatives to mitigate climate change by joining SBTi's Business Ambition for 1.5⁰C. Tapestry's recent announcements to drive positive change for its people, planet, and community includes a commitment to procure 100% renewable electricity in its stores, offices, and fulfillment centers by 2025, as well as the establishment of the $50 million Tapestry Foundation, to advance equity and opportunity and combat the climate crisis.
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