As a leader in the jewelry industry, we believe that we have both a business imperative and moral obligation to look beyond our own business practices to support responsible behavior throughout the entire jewelry supply chain.
Sadly, questionable supply chain practices have too often created social conflict and environmental degradation that have plagued our industry over time.
Tiffany & Co. is a leader—both through advocacy and example—in working toward a more responsible jewelry industry. That work began back in 1995, when we opposed the development of a gold mine that threatened Yellowstone National Park. In 1999 we led the effort to seek United States Congressional approval of U.S. participation in the Kimberley Process. We were the first jeweler to embrace the objectives of the No Dirty Gold campaign in 2005, a promise not to source gold from mines that do not meet certain social, human rights and environmental standards.
Government oversight has an important role to play in the jewelry supply chain. We are strong and vocal advocates of the reform of the U.S. General Mining Law of 1872, and believe the U.S. Environmental Protection Agency should use its legitimate authority to halt reckless mine development.
Most importantly, we believe the jewelry sector is in dire need of an independently verifiable mining assurance system that establishes rigorous standards for social and environmental performance at individual mine sites around the world. To that end, Tiffany is a founding member and strong supporter of IRMA, the Initiative for Responsible Mining Assurance. IRMA seeks to develop standards that ensure the preservation of ecologically and culturally significant areas, rigorous environmental management, strong protection for workers and affected communities and corporate governance standards to assure transparency in revenue payments from companies to governments. IRMA is in the final stages of standards development, and we are hopeful it can become an assurance system that is widely embraced by companies that use mined materials, the mining sector, civil society and, most importantly, consumers.
READ MORE IN OUR SUSTAINABILITY REPORT (PDF)