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Tapestry joins UN Global Compact

13
Oct '18
Victor Luis (R) at the UN Global Compact headquarters ; Courtesy: Tapestry
Victor Luis (R) at the UN Global Compact headquarters ; Courtesy: Tapestry
Tapestry, Inc., a leading New York-based house of modern luxury accessories and lifestyle brands, has announced the initiative of joining the UN Global Compact. Tapestry joins over 9,800 companies who are signatories to the UN Global Compact, recognising its role as a business with the ability to address global issues within the luxury goods sector.

"Our company is built upon values of optimism, inclusivity and innovation. We want to leave the world in a better place for the next generation, and this sentiment influences everything that we do -- from product development to our philanthropic work. At Tapestry, we recognise that corporate responsibility is a key component of a sustainable business model. Our alignment with the UN Global Compact demonstrates our commitment to driving meaningful positive change -- not just for our company, but for the greater global community," Victor Luis, chief executive officer of Tapestry, Inc., said.

Tapestry’s participation in the UN Global Compact builds upon established Corporate Responsibility (CR) programmes. In 2001, the first year as a public company, we published our Supplier Code of Conduct as well as a Social Auditing Program, both focusing on social and environmental compliance, solidifying the expectations we place upon our suppliers regarding fair working conditions, wages and safety. The Social Auditing Program for factory compliance set high standards within the luxury industry.

Tapestry instituted its formal Sustainability Program in 2013, and since then, the company has expanded its reporting to external agencies, including the CDP Climate Change, Water and Forests surveys.

In 2015, Tapestry introduced its first set of Corporate Responsibility goals -- targets that focus on climate change, water, waste management and social issues, reporting progress annually. (RR)

Fibre2Fashion News Desk – India


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