As seen from its ‘Fiscal Year 2024 Corporate Responsibility Report, parent company of brands Coach, Kate Spade and Stuart Weitzman, Tapestry reduced its Scope 1 and 2 greenhouse gas (GHG) emissions besides meeting science-based targets during the year. The company also made significant progress in sustainability, social impact, and community engagement under its framework, The Fabric of Change, highlights the report.
During the year, Coach extended the lifespan of its products by adopting the Coach (Re)Loved program. Giving a second life to around 14,400 of the brands’ items, the program took back 6,100 units, and repaired 91,000 items globally during FY2024. The company also managed to reduce GHG emissions by up to 80 per cent and water use by up to 95 per cent by introducing the iconic Soho Bag made from recycled denim materials.
While Kate Spade provided culturally relevant, community-led mental health resources to over 100,000 women and girls worldwide in FY2024, Stuart Weitzman launched a limited-edition fabric for Spring 2024 in collaboration with a non-profit supporting women’s empowerment, with Mercado Global to create a limited-edition fabric for its Spring 2024.
Investing in its communities and sustainability innovations helps Tapestry and its brands ensure long-term success, says Joanne Crevoiserat, CEO, Tapestry, Inc.
