Tiffany & Co. sustainability score: 52/100

Tiffany reports Scope 1 of ~2,926 tCO2e and Scope 2 of ~5,524 tCO2e for FY2022 using GHG Protocol methodology. Absent third-party limited assurance confirmation for FY2024 publicly accessible data caps verification. Multi-year annual reporting across 10+ years documented.

Scope 3 emissions of ~418,850 tCO2e (FY2022) dominate total footprint via mining and precious metals processing. Only 13% of key suppliers committed to public climate targets. Full Scope 3 methodology and category quantification not publicly disclosed.

33% absolute reduction in Scope 1, 2, and 3 emissions by FY2022 versus 2019 baseline confirmed. SBTi-aligned near-term targets announced mid-2023. Updated absolute emissions figures for FY2023–2024 not published in publicly accessible form; verified continuation beyond FY2022 cannot be confirmed.

91% of global electricity from renewable sources as of 2023, including on-site solar at five facilities and RECs across 25+ countries. 2030 target to reach 100% renewable electricity. Heavy REC reliance without full additionality confirmation prevents higher score.

$6.5M to The Nature Conservancy supporting PNG, Borneo, Belize, Alaska, Caribbean conservation; support for 30+ marine protected areas (13M+ km²); ceased coral sourcing. No TNFD disclosure, quantified biodiversity footprint, or deforestation-free supply chain commitment.

Tiffany Blue Boxes >76% recycled content (up from 65% in 2022); packaging recyclable; plastic elimination in progress. Product durability by design noted. No aggregate materials breakdown published; comprehensive waste stream audit or circular economy programme independently verified.

No water consumption data, footprint quantification, or reduction targets disclosed in FY2022–2024 sources. No water stewardship programme or discharge compliance reporting found despite manufacturing and retail operations.

SBTi-validated near-term targets: Scope 1+2 −70% by 2030; Scope 3 −40% by 2030 versus 2019 baseline. SBTi net-zero target (90% reduction by 2040). First luxury jeweler to achieve dual SBTi validation. 10% residual via nature-based removals introduces permanence uncertainty.

Annual sustainability reports (10+ years) aligned with GRI and UNGC; LVMH Life 360 CSR framework with board oversight. Diamond traceability near-100% for registered diamonds 0.18ct+. No aggregate materials data, water disclosure, or confirmed third-party limited assurance on FY2024 GHG figures.

No upheld regulatory actions, greenwashing rulings, or environmental fines in 2022–2024. Opposition to Pebble and Rock Creek mines documented. Single unverified media report of historic BSG Resources link. Good On You (Jan 2026) flags supply chain labour transparency gaps; mining ecosystem risk unresolved.