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Tiffany & Co.

Tiffany & Co. Sustainability Site

CEF Lead Executives

ANNIKA DUBRALL
Head of Tiffany Sustainability & Philanthropy
Annika is Director & Interim Head of Global Sustainability & Philanthropy at Tiffany & Co. Annika assumed this position in July 2022. Annika is responsible for providing strategic leadership for Tiffany & Co.’s sustainability and philanthropy functions, driving sustainability strategy, progressing the company’s 2025 Sustainability Goals and ensuring alignment with LVMH’s social & environmental responsibility targets. She is also the current lead for the Tiffany & Co. Foundation. Annika has almost 20 years of experience defining and deploying sustainability, philanthropy and supply chain strategy. Prior to Tiffany, she held leadership roles at Gap Inc. and Stitch Fix., and most recently was the Director of Strategic Initiatives at PVH. She consulted with the Skoll Foundation, worked in-house at several n-profit global development organizations and serves on the board of two US organizations. Annika holds a master’s degree from University of Oxford Saïd Business School.

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Latest Sustainability Reporting

2021 Sustainability Report (December 2022)

Highlights

Reduced Scope 1 and 2 GHG emissions by 37%, up from 22% in 2020 (2018 baseline) through a combination of energy efficiency initiatives and renewable energy sourcing.
Reduced electricity intensity per square footage in its retail stores 8%, an improvement from 7% in 2020 (2018 baseline)
89% of its global electricity use came from clean, renewable sources (up from 85% in 2020) from purchased renewable electricity and generated solar energy
Over 99% of all gold, silver and platinum that we used in our jewelry were traceable to a known mine or known recycled source.
47% of all precious metals sourced came from known recycled sources.
97% of the individually registered diamonds procured were traceable to mine of origin or supplier’s approved mines.
25 retail stores, offices and manufacturing locations are certified LEED Silver, Gold or Platinum, with an estimated 11% of its total floor area by square feet is LEED Silver certified or above
Client-facing pulp- and paper-based packaging was made of at least 50% recycled content
100% of corrugated cardboard was recycled content
Completed 470,000 repairs on client-owned jewelry
Continues to embed bias mitigation training throughout learning and development opportunities. As of the end of 2021, 46% of active employees had completed unconscious bias awareness training.
Global workforce consisted of 71% female/29% male with Managers & above consisting of 63%/37% and VPs & above consisting of 49%/51%.
Across U.S. employees, persons of color represented 49.2% of the total workforce, 27.7% of Managers, 20.8% of Directors & Senior Directors, and 12.6% of VPs & above.

Recent News

2022

Has set a 2030 greenhouse gas emission reduction target in alignment with SBTI’s Net-Zero standard. The company pledges to reduce Scope 1 and 2 emissions by 70%, and Scope 3 emissions by 40%, by 2030 from a 2019 baseline. By 2040, Tiffany will reduce all emissions by 90% and address the remaining 10% with expanded investments in nature-based solutions. To achieve these targets, Tiffany will move toward sourcing 100% of its precious metals from recycled sources, invest in sustainable transportation, construct and retrofit more sustainable buildings, and use 100% renewable electricity by 2030 and invest in efficiency initiatives. (Nov 2022)

More than 330 businesses and financial institutions from 52 countries, with combined revenues of over $1.5 trillion, urged world leaders to move beyond voluntary actions to halt and reverse biodiversity loss in a new statement. The statement advocates for the leaders to adopt “mandatory requirements for all large businesses and financial institutions to assess and disclose their impacts and dependencies on nature by 2030.” CEF Members involved include BASF, Google, International Paper, McKinsey & Co., Microsoft, PepsiCo, Procter & Gamble, Schneider Electric, Tiffany & Co., Unilever, and WM. Businesses can sign the statement here. (Oct 2022)

2021

The CEOs of over 1,000 companies with a combined $4.7 trillion in annual revenue sent an open letter to all heads of state ahead of the UN Convention on Biological Diversity (COP15), urging them to adopt a concrete commitment to reverse nature loss by 2030. They said the July 2021 draft plan for a Post-2020 Global Biodiversity Framework “lacks the ambition and specificity required to drive the urgent action needed.” Signatories include the CEOs of CEF members BASF, Google, International Paper, McKinsey & Co., Microsoft, PepsiCo, Procter & Gamble, Schneider Electric, Tiffany & Co., Unilever, and Waste Management. (Oct 2021)
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Members of the Corporate Electric Vehicle Alliance (CEVA) and the BICEP Network sent letters (CEVA letter and the BICEP letter) calling for the Biden administration to adopt vehicle standards aligned with climate science and consistent with a pathway to 100% zero-emission vehicle sales by 2035. The two Ceres-led networks represent over 80 companies with combined annual revenue of $1.3 trillion and include Amazon, CBRE, Kaiser Permanente, McDonald’s, Microsoft, Siemens, Tiffany & Co., Unilever, and VF Corporation. (April 2021)

2020

Tiffany & Co. has advanced its commitment to diamond traceability, with newly announced plans to disclose the “full craftmanship journey” of newly sourced, individually registered diamonds. This builds on the company’s previous announcement to provide the provenance (region or countries of origin) of its individually registered diamonds. (August 2020)

A group of more than 300 businesses — including Dow, Microsoft, PepsiCo, Tiffany & Co., Trane Technologies, VF Corporation, and Visa — have called on U.S. Congress to “build back a better economy by infusing resilient, long-term climate solutions into future economic recovery plans.” The effort was organized by Ceres and other partner organizations. (May 2020)

Tiffany & Co. placed full-page ads in the Sydney Morning Herald and Melbourne-based publication the Age calling on Australian Prime Minister Scott Morrison to take bold climate action in response to the ongoing bushfires. (Jan 2020)

2019

Tiffany & Co. joined a group of CEOs from more than 70 companies and union leaders, representing 12.5 million workers, and signed a joint statement calling for the United States to stay in the Paris Agreement. (Dec 2019)

Tiffany & Co. and Apple announced that they are now using “Salmon Gold” in their respective supply chains. Salmon Gold is the result of a joint-initiative between the companies and solutions-focused NGO RESOLVE that combines responsible gold mining with fish habitat restoration in Alaska, the Yukon Territory, and British Columbia. (Aug 2019)

Tiffany & Co. announced a new commitment to 100% geographic transparency for every newly sourced, individually registered diamond. The company also announced plans to become the first in its industry to share the craftsmanship journey (such as cutting and polishing workshop location) of its diamonds by 2020. (Jan 2019)