Tiffany and Co receives SBTi approval on net-zero target
Tiffany and Co has become the first luxury jeweller to receive approval from the Science Based Targets initiative (SBTi) on its net-zero emissions target.
This validation confirms that the targets Tiffany and Co has set to reach net-zero emissions by 2040 are based on the latest climate science.
The company has also received approval from SBTi on its 2030 near-term greenhouse gas reduction target.
By 2030, Tiffany and Co pledges to reduce Scope 1 and 2 emissions by 70% against a 2019 baseline.
It has also committed to reducing Scope 3 emissions 40% by 2030 against its 2019 baseline.
The company is on track to meet both these targets, having achieved 33% reductions in both Scope 1 and 2 as well as Scope 3 in 2022.
In April 2023, Tiffany and Co.’s flagship in New York reopened with a significant investment in leading environmental, health and well-being initiatives.