Tapestry releases its 2022 Corporate Responsibility (CR) report

YarnsandFibers News Bureau 2023-02-03 16:16:22 – USA

Tapestry, Inc, leading New York-based house of iconic accessories and lifestyle brands consisting of Coach, kate spade and Stuart Weitzman, published the company's Fiscal Year (FY) 2022 Corporate Responsibility (CR) report. The company has now released its tenth report, which provides a detailed analysis of how the company is meeting important ESG targets through innovation, creativity, and inclusivity.

Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc., said that Tapestry is on a path to create a better-made future that is both beautiful and responsible. Their brands, Coach, Kate Spade, and Stuart Weitzman, offer exceptional things for contemporary living every day.

This same approach is reflected in our work to weave together our ambitions as a business while working to protect the wellbeing of our planet, our people and our communities. The way they weave together their corporate goals with efforts to safeguard the welfare of our planet, our people, and our communities reflects the same strategy.

The Fabric of Change, Tapestry's new ESG approach, is introduced in the study. The transition from Our Social Fabric is another milestone in the process of building a values-based, customer-focused business that strikes a balance between real fashion authority and significant, constructive change. The Fabric of Change describes how Tapestry juggles its market aspirations with pledges to address some of the most pressing problems our business and its major stakeholders are currently facing. Tapestry is taking action right now to fortify the company for the future through the use of this improved strategy.

In accordance with industry standards including the Sustainability Accounting Standards Board (SASB), Task Force on Climate-related Financial Disclosures (TCFD), and Global Reporting Initiative, Tapestry's FY2022 Corporate Responsibility report details the company's ESG targets' progress (GRI). Tapestry integrated its ESG reporting with the Sustainable Development Goals of the United Nations, further demonstrating its dedication to great governance and transparency (SDGs).

Ms. Crevoiserat said that while acknowledging that there is always more work to be done. They are proud of the progress they have made. As they work to have a positive impact on our employees, our communities, and the world, we will continue to listen, learn, and make progress.

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