Tiffany Sustainability Report: Normalized GHG Emissions Fall 8%
In 2010 the jewelry firm emitted around 38 pounds of CO2 equivalent per square foot of operating space. Last year this figure fell to 35 pounds per square foot, the report says. The reduction represents a 14.7 percent reduction on 2006 levels, beating the company’s 2011 goal of a 10 percent reduction on 2006 levels.
The company’s total greenhouse gas emissions fell 2.47 percent year on year, from 45,453 metric tons of CO2 equivalent in 2010 to 44,332 in 2011, the report says.
Tiffany says it achieved the reductions in both these metrics by implementing energy efficiency projects including lighting retrofits, the installation of energy recovery ventilators and HVAC improvements, as well as a mild winter. The company says it is further investigating its energy reduction strategy as it aims to further improve the efficiencies of its operations.
Other initiatives include the installation of 2 MW of solar power across the company’s two New Jersey distribution facilities, starting in 2006. Last year the company sold some of the renewable energy credits generated by these systems. Tiffany also began building a solar photovoltaic system at its Rhode Island manufacturing facility in 2011, and this should be operational in 2012, the report says.
In February, Tiffany’s Santa Monica retail store became the company’s first facility to obtain LEED certification. The store includes materials and design features aimed at increasing energy efficiency, improving water efficiency and improving air quality, the report says.
The company began collecting data on waste and water usage in 2010 but has not published information on these metrics in this report.
Being a jewelery seller, Tiffany’s says it prioritizes responsible sourcing as part of its sustainability drive. In 2011, about 60 percent of Tiffany’s merchandise was made at its US manufacturing facilities. Some 98 percent of the precious metals used in those facilities last year was directly traceable to source, the report says. The metals that are sourced by independent vendors come only from firms participating in Tiffany’s social accountability program.
The company sources its metal primarily from the US in a bid to minimize environmental and social risks in its supply chain. In both 2010 and 2011, 100 percent of the silver and gold used in Tiffany’s US manufacturing facilities was either sourced from US mines or recycled.
In 2010, all of the platinum used by the company was traceable only to the supplier, rather than to the mine. But in 2011, 55 percent of the platinum used by Tiffany’s US-based facilities was traceable to the mine. (See graph, below)
In 2011, the company received 100 percent of its rough diamonds from a known mine or a supplier that only purchases from known mines. In 2010 this figure was 80 percent. Tiffany sources the majority of its rough diamonds directly from mines in Australia, Botswana, Canada, Namibia, Russia, Sierra Leone and South Africa. The company purchases rough diamonds only from those countries that are participants in the Kimberley Process Certification Scheme – an international cooperative monitoring system created by governments, industry and civil society to eliminate the flow of “conflict diamonds.”
At the conclusion of 2001, 100 percent of the material used in the company’s trademark blue boxes and shopping bags came from Forestry Stewardship Council-certified sources. In addition more than 89 percent of the material used to produce blue boxes in 2011 came from post-consumer recycled sources, the report says, up from 83 percent in 2020.
In addition, 100 percent of the paper used in Tiffany’s catalogs came from Forestry Stewardship Council-certified sources. Some 10 percent of the paper used in catalogs was from post-consumer recycled sources.
Click through for Environmental Leader’s coverage of Tiffany’s 2010 report.
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