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Tiffany & Co. releases Corporate Responsibility Report

Aug 23, 2012

Tiffany & Co., has recently released its Corporate Sustainability Report keeping in with the company's CSR agenda of responsible sourcing and charitable giving.

Tiffany & Co. recently released its second annual Corporate Responsibility Report. The full report can be accessed at the company’s website and is dedicated to Tiffany’s corporate sustainability initiatives and long history of environmental and social responsibility.

“As detailed in the report, corporate responsibility is fully integrated into every aspect of our business,” said Tiffany & Co. Chairman and CEO Michael J. Kowalski. “Our commitment to sustainability is embedded in our promise to our customers and embodied by our employees, who deliver a level of excellence established 175 years ago.”

The 2011 Corporate Responsibility Report provides an overview of Tiffany’s most material environmental and social challenges and opportunities. The following highlights specific areas of the report, which aligns with the Global Reporting In itiative (GRI) and United National Global Compact (UNGC) reporting frameworks. Tiffany joined the UNGC in 2011 to show support for human rights, labor rights, the environment and anti-corruption practices.

Responsible Mining: Tiffany strives to source diamonds, gemstones and metals from mines that conform to high standards of social and environmental responsibility. Tiffany & Co. purchases both rough and polished diamonds that meet its standards for quality and responsible sourcing, and in 2011, Tiffany was able to trace 100 per cent of the rough diamonds received either directly to a known mine or to a supplier that sources from multiple known mines. In addition, the company financed diamond mines in Sierra Leone and South Africa to assure access to high-quality diamonds and increased traceability. Of the precious metals used in its manufacturing facilities, Tiffany was able to trace 98 per cent of metals directly to a known mine or recycler.

To read the complete article, click here.

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