Tapestry, a renowned luxury fashion holding company, has recently made a significant announcement regarding its dedication to sustainability and social responsibility. The company has officially signed on to the United Nations Global Compact, a global initiative that encourages businesses to uphold principles related to human rights, labor standards, environmental protection, and anti-corruption efforts. This commitment places Tapestry in the company of over 9,830 other businesses worldwide who have also pledged to adhere to these essential values.
Victor Luis, the Chief Executive Officer of Tapestry, underscored the importance of corporate responsibility in fostering a sustainable business model. He highlighted the company’s determination to enact positive change not just within its operations but also for the benefit of the broader global community.
The decision to join the United Nations Global Compact is part of a broader strategy by Tapestry to prioritize corporate responsibility. Since its transition to a public company in 2001, Tapestry has put in place various measures to ensure compliance with social and environmental standards. These include the establishment of a Supplier Code of Conduct, a comprehensive Social Auditing Program, and a dedicated sustainability program. In 2015, the company outlined specific corporate responsibility objectives focused on areas such as climate change, water conservation, waste management, and social welfare.
As a signatory to the United Nations Global Compact, Tapestry is committed to releasing annual public reports detailing its progress in upholding the compact’s principles. With prominent brands like Kate Spade and Coach under its umbrella, Tapestry is a leading figure in the fashion industry’s sustainability movement. This reflects a growing interest among consumers and businesses alike in eco-friendly and socially responsible practices.
To learn more about Tapestry’s sustainability initiatives and commitments, you can visit their official website here. For more information on the United Nations Global Compact and its impact on businesses worldwide, please visit the organization’s website here.
