We’re committed to protecting the natural world by taking bold action on climate change and conservation.

Our Journey Towards Net-zero Emissions

We believe that our Company and the global economy will be stronger in a low-carbon future. That’s why we have set net-zero greenhouse gas (GHG) emissions goals. In 2015, we joined with other business leaders through The B Team, a nonprofit coalition of business leaders who have established similar long-term goals and are supporting a just and inclusive transition to a thriving, net-zero economy. As the climate crisis accelerates, so must bold action to combat it. As a result, as part of our journey, we set a goal to reach net zero by 2025.


Tiffany’s climate strategy is three-pronged: We aim to first reduce, then avoid and finally to offset our remaining GHG emissions. We also use our voice to advocate for and elevate the urgency of climate action and promote environmental responsibility. When it comes to reducing emissions, we set a new 2025 goal to reduce total global Scope 1 and Scope 2 GHG emissions by 70% compared to 2018 levels. Our previous goal was to reduce emissions by 15% from 2013 through 2020, regardless of how much our business grew. We exceeded that goal through a combination of our energy-efficiency initiatives and renewable energy sourcing.


Our first priority is to reduce energy use and emissions by improving our operational efficiency. Our 2025 goal is to reduce the electricity intensity per square footage across our retail stores by 10% compared to 2018 levels.


From 2013 to 2019, we reduced our emissions per square foot by 21%. In 2020, our energy intensity was approximately 11% lower compared to 2019, partially due to lockdowns during COVID-19. We have taken several steps to reduce our emissions. We converted the lighting in our retail stores and certain manufacturing and distribution facilities to more energy-efficient LED lights; we adopted more efficient design in line with LEED (Leadership in Energy and Environmental Design) certification; we installed energy-efficient heating and cooling systems; and we made other energy-efficiency investments.


Our second priority is to avoid emissions from our own operations by using clean, renewable energy. We also aim to increase renewable energy generation and purchases by 2025 to advance our ultimate goal of using 100% of our global electricity from renewable sources.

In Fiscal Year 2020, 85%* of our global electricity use came from clean, renewable sources, including purchased renewable electricity and solar energy generated by Tiffany.


The final piece of our strategy is to offset the operational emissions we are unable to reduce or avoid. Every year since 2017, we have supported a high-quality carbon-saving project outside our business, through our annual investment in a forest conservation and sustainable development initiative in Kenya’s Chyulu Hills.


*See the Report of Independent Accountants

“Tiffany & Co. is committed to powering a more sustainable future with the goal to ultimately use 100% of our global electricity from renewable sources.”

“Since 2000, The Tiffany & Co. Foundation has awarded approximately USD $90 million in support of the iconic landscapes and seascapes that have inspired its work.”