• Print This Page
• Email This Page

• 
• 
• Share This Page

Global Reporting Initiative Index

This website was developed in accordance with the Global Reporting Initiative’s G3.1 reporting framework. The Global Reporting Initiative (GRI) is a network-based organization that developed the world’s most widely used voluntary sustainability reporting framework. The GRI reporting framework is developed through a consensus-seeking, multi-stakeholder process. Tiffany & Co. is reporting on the metrics that we deem material to our operations. For further information on the Global Reporting Initiative, please see http://www.globalreporting.org.

Strategy & Analysis

Indicator	GRI Description	Response
1.1	Statement from the most senior decision-maker of the organization about the relevance of sustainability to the organization and its strategy.	CEO Statement
1.2	Description of key impacts, risks, and opportunities.	For information on material risks to Tiffany & Co., please see the Tiffany & Co. 2010 Form 10-K. A description of key corporate responsibility impacts, risks and opportunities can be found throughout the content of this website.

Organizational Profile

Top

Indicator	GRI Description	Response
2.1	Name of the organization.	Tiffany & Co.
2.2	Primary brands, products, and/or services.	Tiffany & Co. 2010 Form 10-K
2.3	Operational structure of the organization, including main divisions, operating companies, subsidiaries, and joint ventures.	Tiffany & Co. 2010 Form 10-K
2.4	Location of organization’s headquarters.	New York, New York, USA
2.5	Number of countries where the organization operates, and names of countries with either major operations or that are specifically relevant to the sustainability issues covered in the report.	Tiffany & Co. 2010 Form 10-K
2.6	Nature of ownership and legal form.	Tiffany & Co. 2010 Form 10-K
2.7	Markets served.	Tiffany & Co. 2010 Form 10-K
2.8	Scale of the reporting organization.	Tiffany & Co. 2010 Form 10-K
2.9	Significant changes during the reporting period regarding size, structure, or ownership.	As this is Tiffany & Co.'s first Corporate Responsibility Report, this section is not applicable. Further information on Tiffany & Co. can be found on the Tiffany & Co. Investor Relations website.
2.10	Awards received in the reporting period.	Tiffany & Co. does not actively attempt to win Corporate Responsibility awards and whereas we are proud of any recognition we have received, we choose to not disclose this information.

Report Parameters

Top

Indicator	GRI Description	Response
3.1	Reporting period for information provided.	Tiffany & Co. is reporting on its 2010 Fiscal Year (February 1, 2010–January 31, 2011) unless otherwise specified.
3.2	Date of most recent previous report.	This is the first Corporate Responsibility Report for Tiffany & Co.
3.3	Reporting cycle.	Tiffany & Co. will be publishing a Corporate Responsibility Report annually.
3.4	Contact point for questions regarding the report or its contents.	For information on how to contact Tiffany & Co., please see Customer Service.
3.5	Process for defining report content.	About This Report
3.6	Boundary of the report.	About This Report
3.7	State any specific limitations on the scope or boundary of the report.	The scope and boundary of the report are defined in the About This Report section of this website. Any metric with a limited scope is defined within the discussion on that specific metric.
3.8	Basis for reporting on joint ventures, subsidiaries, leased facilities, outsourced operations, and other entities that can significantly affect comparability from period to period and/or between organizations.	About This Report
3.9	Data measurement techniques and the bases of calculations, including assumptions and techniques underlying estimations applied to the compilation of the Indicators and other information in the report.	About This Report
3.10	Explanation of the effect of any re-statements of information provided in earlier reports, and the reasons for such re-statement.	Not applicable
3.11	Significant changes from previous reporting periods in the scope, boundary, or measurement methods applied in the report.	Not applicable
3.12	Table identifying the location of the Standard Disclosures in the report.	This table was created to help the reader determine where specific GRI indicators can be found within this website.
3.13	Policy and current practice with regard to seeking external assurance for the report.	Tiffany & Co. engaged PricewaterhouseCoopers LLP to provide limited assurance on the Tiffany & Co. Corporate Responsibility Report. A copy of the letter and a description of the level of assurance provided can be found in the Report of Independent Accountants.

Governance, Commitments, and Engagement

Top

Indicator	GRI Description	Response
4.1	Governance structure of the organization.	A description of the governance structure of Tiffany & Co. as it relates to corporate responsibility can be found within the Governance section. Further information on governance at Tiffany & Co. can be found on the Tiffany & Co. Proxy Statement.
4.2	Indicate whether the Chair of the highest governance body is also an executive officer.	Michael J. Kowalski serves as Chairman of the Board and Chief Executive Officer of Tiffany & Co.
4.3	For organizations that have a unitary board structure, state the number of members of the highest governance body that are independent and/or non-executive members.	Governance
4.4	Mechanisms for shareholders and employees to provide recommendations or direction to the highest governance body.	Governance Tiffany & Co. Proxy Statement
4.5	Linkage between compensation for members of the highest governance body, senior managers, and executives (including departure arrangements), and the organization’s performance (including social and environmental performance).	Tiffany & Co. Proxy Statement
4.6	Processes in place for the highest governance body to ensure conflicts of interest are avoided.	Tiffany & Co. Proxy Statement
4.7	Process for determining the composition, qualifications, and expertise of the members of the highest governance body for guiding the organization’s strategy on economic, environmental, and social topics.	Governance Tiffany & Co. Proxy Statement
4.8	Internally developed statements of mission or values, codes of conduct, and principles relevant to economic, environmental, and social performance and the status of their implementation.	Governance
4.9	Procedures of the highest governance body for overseeing the organization’s identification and management of economic, environmental, and social performance, including relevant risks and opportunities, and adherence or compliance with internationally agreed standards, codes of conduct, and principles.	Governance Tiffany & Co. Proxy Statement
4.10	Processes for evaluating the highest governance body’s own performance, particularly with respect to economic, environmental, and social performance.	Tiffany & Co. Proxy Statement
4.11	Explanation of whether and how the precautionary approach or principle is addressed by the organization.	Tiffany & Co. supports the precautionary approach to environmental challenges as defined under the UN Global Compact.
4.12	Externally developed economic, environmental, and social charters, principles, or other initiatives to which the organization subscribes or endorses.	Tiffany & Co. has integrated, and is working to improve, many external, third-party initiatives that relate to the economic, environmental and social impacts of Tiffany. Information on these initiatives can be found in the Industry Leadership, Responsible Sourcing and World of Tiffany sections of this website. In 2011, Tiffany & Co. joined the United Nations Global Compact. Please see our United Nations Global Compact Communication on Progress.
4.13	Memberships in associations (such as industry associations) and/or national/international advocacy organizations.	Selected memberships are listed in Industry Leadership and throughout the content of this website.
4.14	List of stakeholder groups engaged by the organization.	This information is reported throughout the content of this website.
4.15	Basis for identification and selection of stakeholders with whom to engage.	Information on Tiffany & Co. practices for stakeholder engagement can be found within the Governance, Industry Leadership and About This Report sections of this website.
4.16	Approaches to stakeholder engagement, including frequency of engagement by type and by stakeholder group.	Information on Tiffany & Co. approaches to stakeholder engagement can be found within the Governance, Industry Leadership and About This Report sections of this website.
4.17	Key topics and concerns that have been raised through stakeholder engagement, and how the organization has responded to those key topics and concerns, including through its reporting.	This information is reported throughout the content of this website.

Performance Indicators—Economic

Top

Indicator	GRI Description	Response
EC1	Direct economic value generated and distributed, including revenues, operating costs, employee compensation, donations, and other community investments, retained earnings, and payments to capital providers and governments.	Tiffany & Co. 2010 financial information can be found within the Tiffany & Co. 2010 Form 10-K. Information on Tiffany & Co. donations and The Tiffany & Co. Foundation's grantmaking can be found within the Charitable Giving section of this website. Information on how Tiffany & Co. supports the communities across the diamond supply chain can be found within the Beneficiation section of this website.
EC2	Financial implications and other risks and opportunities for the organization’s activities due to climate change.	For information on the financial implications and other risks and opportunities associated with climate change, please see the Tiffany & Co. response to the 2011 CDP Investor Questionnaire at www.cdproject.net.
EC3	Coverage of the organization’s defined benefit plan obligations.	Tiffany & Co. 2010 Proxy Statement
EC4	Significant financial assistance received from government.	Tiffany & Co. 2010 Proxy Statement
EC5	Range of ratios of standard entry level wage by gender compared to local minimum wage at significant locations of operation.	Not disclosed
EC6	Policy, practices, and proportion of spending on locally-based suppliers at significant locations of operation.	For information on the use of locally-based suppliers by Tiffany & Co., please see Metals and Beneficiation, within the Responsible Sourcing section of this website.
EC7	Procedures for local hiring and proportion of senior management hired from the local community at locations of significant operation.	Please see Beneficiation within the Responsible Sourcing section of this website.
EC8	Development and impact of infrastructure investments and services provided primarily of public benefit through commercial, in-kind, or pro bono engagement.	For information on the investments and impacts Tiffany & Co. makes in the communities across the diamond supply chain, please see the Beneficiation section of this website.
EC9	Understanding and describing significant indirect economic impacts, including the extent of impacts.	Industry Leadership Responsible Sourcing

Performance Indicators—Environmental

Top

Indicator	GRI Description	Response
EN1	Materials used by weight or volume.	Tiffany & Co. does not disclose the exact quantity of materials that we use, as we find this to be proprietary.
EN2	Percentage of materials used that are recycled input materials.	Tiffany & Co. works to increase the percentage of recycled content in the materials that we use. Information can be found within the Metals and Paper & Packaging sections of this website.
EN3	Direct energy consumption by primary energy source.	Building Footprint Tiffany & Co. response to the 2011 CDP Investor Questionnaire at www.cdproject.net
EN4	Indirect energy consumption by primary source.	Building Footprint Tiffany & Co. response to the 2011 CDP Investor Questionnaire at www.cdproject.net
EN5	Energy saved due to conservation and efficiency improvements.	Building Footprint Tiffany & Co. response to the 2011 CDP Investor Questionnaire at www.cdproject.net
EN6	Initiatives to provide energy-efficient or renewable energy based products and services, and reductions in energy requirements as a result of these initiatives.	Not applicable
EN7	Initiatives to reduce indirect energy consumption and reductions achieved.	Building Footprint Tiffany & Co. response to the 2011 CDP Investor Questionnaire at www.cdproject.net
EN8	Total water withdrawal by source.	Tiffany & Co. started to collect water use data in 2010 from our global facilities. We do not report on water withdrawal at this time.
EN9	Water sources significantly affected by withdrawal of water.	Not applicable
EN10	Percentage and total volume of water recycled and reused.	Tiffany & Co. started to collect water use data in 2010 from our global facilities. We do not report on water reuse or recycling at this time.
EN11	Location and size of land owned, leased, managed in, or adjacent to, protected areas and areas of high biodiversity value outside protected areas.	For further information on how we work to protect areas of high biodiversity value from the environmental effects of mining, please see the Preservation and Industry Leadership sections of this website.
EN12	Description of significant impacts of activities, products, and services on biodiversity in protected areas and areas of high biodiversity value outside protected areas.	A description of the potential impacts to biodiversity by raw material sourcing can be found within the Preservation section of this website. Information on how Tiffany & Co. works with our supply chain to minimize these impacts can be found within the Industry Leadership and Responsible Mining sections of this website.
EN13	Habitats protected or restored.	Please see the Industry Leadership, Preservation and The Tiffany & Co. Foundation sections of this website for further information on how Tiffany & Co. has worked on coral conservation, hard-rock mining reform and the preservation of areas of high ecological and cultural value.
EN14	Strategies, current actions, and future plans for managing impacts on biodiversity.	Responsible Sourcing The Tiffany & Co. Foundation
EN15	Number of IUCN Red List species and national conservation list species with habitats in areas affected by operations, by level of extinction risk.	Not known
EN16	Total direct and indirect greenhouse gas emissions by weight.	Building Footprint Tiffany & Co. response to the 2011 CDP Investor Questionnaire at www.cdproject.net
EN17	Other relevant indirect greenhouse gas emissions by weight.	Not disclosed
EN18	Initiatives to reduce greenhouse gas emissions and reductions achieved.	Building Footprint Tiffany & Co. response to the 2011 CDP Investor Questionnaire at www.cdproject.net
EN19	Emissions of ozone-depleting substances by weight.	Tiffany and Co. does not have significant emissions of ozone-depleting substances.
EN20	NO, SO, and other significant air emissions by type and weight.	Tiffany & Co. does not have significant air emissions.
EN21	Total water discharge by quality and destination.	Tiffany & Co. started to collect water use data in 2010 from our global facilities. We do not report on water discharged at this time.
EN22	Total weight of waste by type and disposal method.	Tiffany & Co. started to collect waste data in 2010 from our global facilities. We do not report on waste data at this time.
EN23	Total number and volume of significant spills.	Tiffany & Co. did not have any significant spills within this reporting period.
EN24	Weight of transported, imported, exported, or treated waste deemed hazardous under the terms of the Basel Convention Annex I, II, III, and VIII, and percentage of transported waste shipped internationally.	Not disclosed
EN25	Identity, size, protected status, and biodiversity value of water bodies and related habitats significantly affected by the reporting organization’s discharges of water and runoff.	Not applicable
EN26	Initiatives to mitigate environmental impacts of products and services, and extent of impact mitigation.	Tiffany & Co. crafts jewelry that lasts generations. It is our belief that our jewelry never reaches the end of its useful life.
EN27	Percentage of products sold and their packaging materials that are reclaimed by category.	Tiffany & Co. does not have a take-back program to recycle our products or packaging. However, metals can be recycled, diamonds and gemstones can be reused and our packaging is recyclable where facilities exist.
EN28	Monetary value of significant fines and total number of non-monetary sanctions for noncompliance with environmental laws and regulations.	Tiffany & Co. works to ensure compliance with applicable environmental laws and regulations. In 2010, we received one citation for a record-keeping violation at a waste treatment operation within a U.S. manufacturing facility. This item was immediately remedied and controls were put in place to ensure that this would not occur again.
EN29	Significant environmental impacts of transporting products and other goods and materials used for the organization’s operations, and transporting members of the workforce.	Not disclosed
EN30	Total environmental protection expenditures and investments by type.	Tiffany & Co. does not currently disclose this indicator as the costs are not material to our business.

Performance Indicators—Labor Practices and Decent Work

Top

Indicator	GRI Description	Response
LA1	Total workforce by employment type, employment contract, and region, by age group.	World of Tiffany
LA2	Total number and rate of new employee hires and employee turnover by age group, gender, and region.	Not disclosed
LA3	Benefits provided to full-time employees that are not provided to temporary or part-time employees, by significant locations of operation.	A description of Tiffany & Co. benefits by region can be found on the Tiffany Careers website.
LA4	Percentage of employees covered by collective bargaining agreements.	Not disclosed
LA5	Minimum notice period(s) regarding operational changes, including whether it is specified in collective agreements.	Not disclosed
LA6	Percentage of total workforce represented in formal joint management–worker health and safety committees that help monitor and advise on occupational health and safety programs.	Locations have health and safety committees that participate in deployment of the location’s proactive safety efforts. Each location has various task, department, ad hoc, and other committees to develop and implement health and safety programs based on the location’s strategic health and safety plan. These leadership groups include a cross-section of personnel from the facility.
LA7	Rates of injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities by region.	Our Employees
LA8	Education, training, counseling, prevention, and risk-control programs in place to assist workforce members, their families, or community members regarding serious diseases.	Our Employees
LA9	Health and safety topics covered in formal agreements with trade unions.	None
LA10	Average hours of training per year per employee by gender, and by employee category.	Not disclosed
LA11	Programs for skills management and lifelong learning that support the continued employability of employees and assist them in managing career endings, by gender.	Please see the Our Employees and Beneficiation sections of this website and Tiffany Careers for further information on Tiffany & Co. training and career development programs.
LA12	Percentage of employees receiving regular performance and career development reviews.	Employees receive annual performance and career development reviews.
LA13	Composition of governance bodies and breakdown of employees per category according to gender, age group, minority group membership, and other indicators of diversity.	Information on the composition of the Board of Directors can be found on the Tiffany & Co. Investor Relations website. Information on the diversity of our workforce can be found within the Our Employees section of this website.
LA14	Ratio of basic salary of men to women by employee category, by significant locations of operation.	Not disclosed
LA15	Return to work and retention rates after parental leave, by gender.	Not disclosed

Performance Indicators—Human Rights

Top

Indicator	GRI Description	Response
HR1	Percentage and total number of significant investment agreements that include human rights clauses, or that have undergone human rights screening.	Not disclosed
HR2	Percentage of significant suppliers, contractors, and other business partners that have undergone screening on human rights and actions taken.	Tiffany & Co. suppliers are screened for human rights. For information on our Social Accountability Program, please see the Supplier Responsibility section of this website.
HR3	Total hours of employee training on policies and procedures concerning aspects of human rights that are relevant to operations, including the percentage of employees trained.	Tiffany and Co. officers and employees perform an annual review of the Tiffany & Co. Business Conduct Policy. In 2010, English-speaking employees received an online training program on the Business Conduct Policy. This program is being translated for use by the rest of the Company.
HR4	Total number of incidents of discrimination and corrective actions taken.	Ethics, Compliance and Accountability
HR5	Operations and significant suppliers identified in which the right to exercise freedom of association and collective bargaining may be at significant risk, and actions taken to support these rights.	Please see the Governance section of this website and the Investor Relations website for Tiffany & Co. policies in this area. Please see the Supplier Responsibility section of this website for an understanding of how this is reviewed within our supply chain.
HR6	Operations and significant suppliers identified as having significant risk for incidents of child labor, and measures taken to contribute to the elimination of all forms of forced or compulsory child labor.	Tiffany & Co. facilities abide by our corporate standards and are not at risk for incidents of child labor. Information on the screening of our supply chain for these risks can be found in the Supplier Responsibility section of this website.
HR7	Operations and significant suppliers identified as having significant risk for incidents of forced or compulsory labor, and measures to contribute to the elimination of all forms of forced or compulsory labor.	Tiffany & Co. facilities abide by our corporate standards and are not at risk for incidents of forced labor. Information on the screening of our supply chain for these risks can be found in the Supplier Responsibility section of this website.
HR8	Percentage of security personnel trained in the organization’s policies or procedures concerning aspects of human rights that are relevant to operations.	Not disclosed
HR9	Total number of incidents of violations involving rights of indigenous people and actions taken.	Information on Tiffany & Co. support of indigenous rights and affected communities can be found within the Industry Leadership and Responsible Sourcing sections of this website.
HR10	Percentage and total number of operations that have been subject to human rights reviews and/or impact assessments.	Ethics, Compliance and Accountability Supplier Responsibility
HR11	Number of grievances related to human rights filed, addressed and resolved through formal grievance mechanisms.	Ethics, Compliance and Accountability

Performance Indicators—Social

Top

Indicator	GRI Description	Response
SO1	Percentage of operations with implemented local community engagement, impact assessments, and development programs.	Beneficiation Industry Leadership Preservation
SO2	Percentage and total number of business units analyzed for risks related to corruption.	Governance
SO3	Percentage of employees trained in organization’s anti-corruption policies and procedures.	All employees annually review the Tiffany & Co. Business Conduct Policy. For further information, please see the Ethics, Compliance and Accountability section of this website.
SO4	Actions taken in response to incidents of corruption.	Ethics, Compliance and Accountability
SO5	Public policy positions and participation in public policy development and lobbying.	Ethics, Compliance and Accountability
SO6	Total value of financial and in-kind contributions to political parties, politicians, and related institutions by country.	Ethics, Compliance and Accountability
SO7	Total number of legal actions for anti-competitive, anti-trust, and monopoly practices and their outcomes.	None
SO8	Monetary value of significant fines and total number of non-monetary sanctions for non-compliance with laws and regulations.	None
SO9	Operations with significant potential or actual negative impacts on local communities.	A discussion of how Tiffany & Co. interacts with the communities where we operate can be found in: Building Footprint Responsible Sourcing
SO10	Prevention and mitigation measures implemented in operations with significant potential or actual negative impacts on local communities.	A discussion of how Tiffany & Co. interacts with the communities where we operate can be found in: Building Footprint Responsible Sourcing

Performance Indicators—Product Responsibility

Top

Indicator	GRI Description	Response
PR1	Life cycle stages in which health and safety impacts of products and services are assessed for improvement, and percentage of significant products and services categories subject to such procedures.	Responsible Sourcing
PR2	Total number of incidents of non-compliance with regulations and voluntary codes concerning health and safety impacts of products and services during their life cycle, by type of outcomes.	Tiffany & Co. did not have incidents of non-compliance with regulations and voluntary codes concerning the health and safety impacts of products in Fiscal Year 2010.
PR3	Type of product and service information required by procedures, and percentage of significant products and services subject to such information requirements.	Tiffany & Co. is not currently required to report on the sustainability impacts of any products that we sell. Further information on the sourcing of our products can be found within the Responsible Sourcing section of this website.
PR4	Total number of incidents of non-compliance with regulations and voluntary codes concerning product and service information and labeling, by type of outcomes.	Not tracked
PR5	Practices related to customer satisfaction, including results of surveys measuring customer satisfaction.	Tiffany & Co. performs regular engagement with our customers. Customers can communicate with Tiffany & Co. through our Customer Service website, social media and in-person feedback at our stores.
PR6	Programs for adherence to laws, standards, and voluntary codes related to marketing communications, including advertising, promotion, and sponsorship.	As a publicly traded company in the United States, we are subject to, and abide by, the rules of the Securities and Exchange Commission.
PR7	Total number of incidents of non-compliance with regulations and voluntary codes concerning marketing communications, including advertising, promotion, and sponsorship by type of outcomes.	Tiffany & Co. did not have any incidents of non-compliance for marketing communications in Fiscal Year 2010.
PR9	Monetary value of significant fines for non-compliance with laws and regulations concerning the provision and use of products and services.	Not tracked