Tapestry signs business ambition for 1.5°C, aiming to reduce global warming

Washington - Tapestry, Inc. (TPR) on Thursday said it has signed Business Ambition For 1.5°C, a science-based targets initiative (SBTi) with a goal of reducing global warming to 1.5°C, by setting up interim science-based emissions reduction targets.

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.

In line with this commitment, Tapestry had recently announced its plan to change to 100 percent renewable electricity in its stores, offices, and fulfillment centers by 2025. Further, the company has formed a new 50 million dollar Tapestry Foundation to advance access and equity initiatives and to combat climate change.

“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°C represents an important step forward in our journey to reduce our climate impact and make our planet more sustainable,” said Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc. (AFP)

Picture credit:Business Wire