Tapestry commits to achieving net zero emissions by 2050 - Just Style
Join Our Newsletter - Get important industry news and analysis sent to your inbox – sign up to our e-Newsletter here
X

Tapestry commits to achieving net zero emissions by 2050

24 Sep 2021

Coach brand-owner Tapestry, Inc has signed the Science Based Targets initiative (SBTi) Business Ambition for 1.5 degrees Celsius. This means it is committed to setting interim science-based emissions reduction targets to limit global warming to 1.5 degrees Celsius and to reach net-zero global emissions by 2050 at the latest.

Tapestry commits to achieving net zero emissions by 2050

The commitment aligns Tapestry’s climate mitigation targets with the most ambitious aim of the Paris Agreement and adheres to SBTi’s most rigorous guidelines to reduce the destructive impacts of climate change in the short and long term.

By signing, Tapestry has committed to set science-based emissions reduction targets across all scopes, in line with 1.5 degrees Celsius emissions scenarios and the criteria and recommendations of the SBTi. In addition, the company has pledged to set a long-term science-based target to reach net-zero value chain GHGs emissions by no later than 2050.

“At Tapestry, we are committed to leading with purpose and embracing our responsibility as a global house of fashion brands to effect real and lasting change for our industry and our stakeholders. Signing the Business Ambition for 1.5 degrees Celsius represents an important step forward in our journey to reduce our climate impact and make our planet more sustainable,” says CEO Joanne Crevoiserat.

By joining SBTi’s Business Ambition for 1.5 degrees Celsius, Tapestry is continuing to strengthen its dedication to environmental efforts to combat climate change. This commitment further reinforces Tapestry’s recently announced actions to drive positive change for its people, planet, and community, including committing to procure 100% renewable electricity in its stores, offices, and fulfilment centres by 2025, and establishing the US$50m Tapestry Foundation to advance equity and opportunity and to combat the climate crisis.

The Foundation is dedicated to advancing equity, opportunity, and dignity for all. It is committed to stretching what’s possible by supporting social and environmental programmes focused on access and opportunity, Tapestry says.