2Sustain

Tiffany & Co. has launched its first annual web-based Corporate Responsibility Report.

Developed in accordance with the Global Reporting Initiative’s voluntary sustainability reporting framework, the online report includes highlights regarding environmental and social performance, and also provides intriguing insight into the jewelry giant’s standards and operations for the sourcing of precious materials.

For example, Tiffany says that:

• In order to minimize environmental and social risks, gold, silver and platinum used in its workshops are sourced from responsibly mined metal deposits and recycled sources in the US.
• The company has implemented a multiphase assessment process of its supply chain. Accordingly:
  • Vendors are required, when applicable, to complete a self-assessment of their performance against the Tiffany Vendor Code of Conduct.
  • Tiffany performs internal audits of its vendors.
  • Tiffany contracts with a third-party social responsibility auditing firm to provide audits on its suppliers.

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Today we offer another post from our distinguished co-sponsor, WSP, written by Josh Whitney:

On the heels of numerous recent conferences and wide-spread media attention on the energy impact and carbon footprint of consumer products, WSP recently hosted a breakfast seminar in Santa Clara. The workshop explored various methods and standards used to analyze products and sought to emphasize the value that product and supply chain carbon footprinting can provide to a company. Clearly the carbon market has arrived and it’s certainly here to stay. There’s money to be made, the winners and losers have yet to be identified, and for those who understand the business implications of carbon, first movers will be rewarded with clear advantages.

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