Tapestry releases 2024 corporate responsibility report (#1687386)

Tapestry, the parent company of brands Coach, Kate Spade, and Stuart Weitzman, released on Wednesday its “Fiscal Year 2024 Corporate Responsibility” report, highlighting significant progress in sustainability, social impact, and community engagement under its framework, The Fabric of Change.

Notably, Tapestry achieved an 84% reduction in Scope 1 and 2 greenhouse gas (GHG) emissions compared to its FY2021 baseline, successfully meeting its science-based targets. This milestone was driven by investments in renewable energy across the company’s operations.

By brand, Coach extended product life through its Coach (Re)Loved program, giving over 14,400 items a second life, taking back 6,100 units, and repairing 91,000 items globally in FY2024. The reintroduction of the iconic Soho Bag, crafted from repurposed denim, reduced GHG emissions by up to 80% and water use by up to 95%.

Kate Spade provided culturally relevant, community-led mental health resources to over 100,000 women and girls worldwide in FY2024, while Stuart Weitzman collaborated with Mercado Global, a non-profit supporting women’s empowerment, to create a limited-edition fabric for its Spring 2024

“We believe investing in our communities, people and sustainability initiatives drives innovation and long-term success and resilience for Tapestry and our portfolio of brands,” said Joanne Crevoiserat, chief executive officer of Tapestry, Inc. 

“I am incredibly proud of the milestones our teams achieved in the last year, and we continue to see opportunities ahead.”