Tapestry Is Making a Distinction, Caring for Every Different, the Planet and Communities

Home Latest Posts Tapestry Is Making a Distinction, Caring for Every Different, the Planet and Communities
Tapestry Is Making a Distinction, Caring for Every Different, the Planet and Communities
Tapestry Is Making a Distinction, Caring for Every Different, the Planet and Communities

Written by Joan C. Krevoiserat, CEO of Tapestry

Northampton, Massachusetts – Information Direct– Tapestry, Inc.

Fiscal 2021 was one other yr of nice world turmoil. As we proceed to discover the continuing impacts of COVID-19, we now have remained centered on implementing our accelerator program, remodeling right into a extra versatile and responsive group, empowering our groups, and utilizing shopper insights to raised meet the wants of our prospects. By all of it, we now have remained steadfast in our dedication to working as a purpose-driven and people-centred enterprise.

Our company accountability technique, Our social clothvia our objective to Prolong what is feasible For our folks, our planet and our communities. By this framework, we concentrate on driving actual and measurable change in direction of a extra sustainable, equitable and inclusive world.

We have come a great distance in FY21. Our world groups have given again to our communities nearly and in particular person, and on the finish of FY21, we had been practically midway towards our objective of 100,000 volunteer service hours by 2025. As well as, we used 21% renewable power throughout our North American operations, and we had been acknowledged once more this yr by Forbes and the Human Rights Marketing campaign for our range and office practices.

Even with this progress, we perceive the necessity to do extra. In July 2021, we expanded our 2025 objectives with daring new commitments. We introduced that 10% of our management incentive compensation might be tied to fairness, inclusion, and variety (EI&D) objectives starting in fiscal yr 2022. We additionally continued to spend money on our workers, and, amongst different steps, introduced a $15 minimal hourly wage for hourly workers in the USA . We consider our workers are our biggest aggressive differentiator, and these investments assist us proceed to unleash the ability of our folks and improve our enterprise.

Moreover, within the face of the realities of local weather change, in September 2021 Tapestry signed the Science Aims Initiative (SBTi) Enterprise ambition for 1.5°C. The dedication will align Tapestry’s local weather change mitigation objectives with the extra bold objective of the Paris Settlement and cling to stricter SBT pointers to restrict the devastating results of local weather change within the quick and long run.

Because the world continues to adapt to the lasting results of COVID-19, the affect of local weather change turns into extra obvious, and the persevering with want for social reform, it’s essential that we take motion to create a greater world. Tapestry and our manufacturers are right here to make a distinction for one another, the planet and our communities. I invite you to discover our current efforts in our FY21 Company Accountability Report, as we work collectively on it Prolong what is feasible.

Joan C. CrevoisersTapestry, CEO of

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