Tapestry, Inc. Signs UN Global Compact
October 09 2018 - 6:45AM
Business Wire
Tapestry, Inc. (NYSE: TPR), a leading New York-based house of
modern luxury accessories and lifestyle brands, today
announced it has signed onto the UN Global Compact. Tapestry
joins over 9,800 companies who are signatories to the UN Global
Compact, recognizing its role as a business with the ability to
address global issues within the luxury goods sector.
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the full release here:
https://www.businesswire.com/news/home/20181009005166/en/
UN Global Compact CEO, Lise Kingo, and
Tapestry, Inc. CEO, Victor Luis, at the UN Global Compact
Headquarters in New York City. (Photo: Business Wire)
Victor Luis, Chief Executive Officer of Tapestry, Inc., said,
“Our Company is built upon values of optimism, inclusivity and
innovation. We want to leave the world in a better place for the
next generation, and this sentiment influences everything that we
do -- from product development to our philanthropic work. At
Tapestry, we recognize that corporate responsibility is a key
component of a sustainable business model. Our alignment with the
UN Global Compact demonstrates our commitment to driving meaningful
positive change -- not just for our Company, but for the greater
global community.”
Tapestry’s participation in the UN Global Compact builds upon
established Corporate Responsibility (CR) programs. In 2001, the
first year as a public company, we published our Supplier Code of
Conduct as well as a Social Auditing Program, both focusing on
social and environmental compliance, solidifying the expectations
we place upon our suppliers regarding fair working conditions,
wages and safety. The Social Auditing Program for factory
compliance set high standards within the luxury industry.
Tapestry instituted its formal Sustainability Program in 2013,
and since then, the Company has expanded its reporting to external
agencies, including the CDP Climate Change, Water and Forests
surveys.
In 2015, Tapestry introduced its first set of Corporate
Responsibility goals -- targets that focus on climate change,
water, waste management and social issues, reporting progress
annually.
For more information on Tapestry’s Corporate Responsibility
program, please visit
https://tapestry.gcs-web.com/sustainability-reports.
About the UN Global Compact
The UN Global Compact is a corporate sustainability initiative
that aligns businesses, strategies and operations with ten
principles on human rights, labour, environment and
anti-corruption. It encourages participants to take actions to
advance societal goals, such as the UN Sustainable Development
Goals. Established in 2000, the UN Global Compact emphasizes
collaboration and innovation between participants, the greater
community and governments, and is present in over 160 countries and
more than 80 local networks.
About Tapestry, Inc.
Tapestry, Inc. is a New York-based house of modern luxury
lifestyle brands. The Company’s portfolio includes Coach, Kate
Spade and Stuart Weitzman. Our Company and our brands are founded
upon a creative and consumer-led view of luxury that stands for
inclusivity and approachability. Each of our brands are unique and
independent, while sharing a commitment to innovation and
authenticity defined by distinctive products and differentiated
customer experiences across channels and geographies. To learn more
about Tapestry, please visit www.tapestry.com. The Company’s common
stock is traded on the New York Stock Exchange under the symbol
TPR.
This information to be made available in this press release may
contain forward-looking statements based on management's current
expectations. Forward-looking statements include, but are not
limited to, statements that can be identified by the use of
forward-looking terminology such as "may," "will," “can,” "should,"
"expect," "intend," "estimate," "continue," "project," "guidance,"
"forecast," “outlook,” "anticipate," “moving,” “leveraging,”
“capitalizing,” “developing,” “drive,” “targeting,” “assume,”
“plan,” “build,” “pursue,” “maintain,” “on track,” “well positioned
to,” “look forward to,” “to acquire,” “achieve,” “strategic
vision,” “growth opportunities” or comparable terms. Future results
may differ materially from management's current expectations, based
upon a number of important factors, including risks and
uncertainties such as expected economic trends, the ability to
anticipate consumer preferences, the ability to control costs and
successfully execute our transformation and operational efficiency
initiatives and growth strategies and our ability to achieve
intended benefits, cost savings and synergies from acquisitions,
the impact of tax legislation, etc. Please refer to the Company’s
latest Annual Report on Form 10-K and its other filings with the
Securities and Exchange Commission for a complete list of risks and
important factors. The Company assumes no obligation to revise or
update any such forward-looking statements for any reason, except
as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20181009005166/en/
Tapestry, Inc.Analysts & Media:Andrea Shaw ResnickGlobal
Head of Investor Relations and Corporate
Communications212/629-2618aresnick@tapestry.comorAimée
LeabonDirector, Corporate
Communications212/615-2040aleabon@tapestry.com
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