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TIFFANY & CO. MAINTAINS STRONG CORPORATE RESPONSIBILITY IN 2013

Tiffany & Co. released its annual corporate responsibility report, covering the retailer's  environmental and social responsibility initiatives. The 2013 report and website were redesigned to ensure a stronger connection with stakeholders on the issues they care about.

“The report details our strong, industry-leading commitment to business practices that are socially and environmentally responsible,” said Tiffany & Co.'s chairman, Michael J. Kowalski.

“As leaders in the jewelry industry, we believe there is both a business imperative and a moral obligation to look beyond our own practices to support responsible behavior throughout the entire jewelry supply chain.”

Tiffany & Co. placed a strong  focus on the responsible mining and sourcing of raw materials, ranging from diamonds and gold to the paper in its iconic Blue Boxes and bags. Tiffany & Co. also aligns its processes with the Global Reporting Initiative (GRI) G4 “In Accordance –Core” and United Nations Global Compact reporting frameworks.

With the Initiative for Responsible Mining Assurance (IRMA), the jeweler participated in developing a globally recognized standard for mining. IRMA recently released its draft standard for public comment with the plan to pilot the standard in 2015.

In diamond-producing countries, Tiffany & Co. advocates for preservation efforts and encourages more progressive and effective government oversight. Tiffany & Co. invests in diamond-producing countries and is able to maintain the integrity of the supply chain, while creating jobs, training unskilled workers and benefitting local economies, according to the firm.

 

The gLAWcal Team

POREEN project

Monday, 4 August 2014

(Source: Market Watch - the Wall Street Journal)