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Global Reporting Initiative Index

This report 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, multistakeholder process. Tiffany & Co. is reporting on the metrics that we deem material. 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 Message
1.2 Description of key impacts, risks, and opportunities. For information on material risks to Tiffany & Co., please see the Tiffany & Co. 2012 Form 10-K.

A description of key corporate responsibility impacts, risks and opportunities can be found throughout the content of this website.

Organizational Profile

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Indicator GRI Description Response
2.1 Name of the organization. Tiffany & Co.
2.2 Primary brands, products, and/or services. Tiffany & Co. 2012 Form 10-K
2.3 Operational structure of the organization, including main divisions, operating companies, subsidiaries, and joint ventures. Tiffany & Co. 2012 Form 10-K
2.4 Location of organization’s headquarters. New York, New York, U.S.A.
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. 2012 Form 10-K
2.6 Nature of ownership and legal form. Tiffany & Co. 2012 Form 10-K
2.7 Markets served. Tiffany & Co. 2012 Form 10-K
2.8 Scale of the reporting organization. Tiffany & Co. 2012 Form 10-K
2.9 Significant changes during the reporting period regarding size, structure, or ownership. Tiffany & Co. 2012 Form 10-K
2.10 Awards received in the reporting period. The following is a select list of awards and recognitions received during the reporting period:

Listed on the FTSE4Good® Index beginning in 2012

U.S. EPA Climate Leadership: Excellence in Greenhouse Gas Management (Goal Achievement Award)

Fashion Group International 2012 Sustainability Award

Luxury Briefing 2012 Commitment to Sustainability

Federal District Government of Mexico: Responsible corporate health and wellness commendation

New Jersey Department of Environmental Protection: Environmental Stewardship Award

Report Parameters

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Indicator GRI Description Response
3.1 Reporting period for information provided. Tiffany & Co. is reporting on our 2012 Fiscal Year (February 1, 2012–January 31, 2013) unless otherwise specified.
3.2 Date of most recent previous report. The Fiscal Year 2011 Corporate Responsibility Report was published in July 2012.
3.3 Reporting cycle. Annual
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 in the discussion of 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. The material issues to Tiffany & Co. and our positions on these issues have not changed from year to year.
3.11 Significant changes from previous reporting periods in the scope, boundary, or measurement methods applied in the report. Any explanation of significant changes from previous reporting periods is described in the discussion of that specific metric.
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 (PwC) to provide limited assurance on selected sustainability metrics set forth within the Tiffany & Co. Corporate Responsibility Report. A copy of the PwC Report and Tiffany & Co. Management Assertion can be found in the Report of Independent Accountants.

Governance, Commitments, and Engagement

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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 in the Tiffany & Co. 2012 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. 2012 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. 2012 Proxy Statement
4.6 Processes in place for the highest governance body to ensure conflicts of interest are avoided. Tiffany & Co. 2012 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. 2012 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. 2012 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. 2012 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 United Nations 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 & Co. Information on these initiatives can be found in the Industry Leadership, Responsible Sourcing and World of Tiffany sections of this website.

Since 2011, Tiffany & Co. has been a member of the United Nations Global Compact. Please see the United Nations Global Compact Communication on Progress section of this website.
4.13 Memberships in associations (such as industry associations) and/or national/international advocacy organizations. Selected memberships are listed in the Industry Leadership section and throughout the content of this website. The 2012 Annual Political Spending Disclosure can be found on the Investor Relations 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

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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. Financial information can be found in the Tiffany & Co. 2012 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 diamond-producing countries can be found within the Beneficiation section of this website.

The 2012 Annual Political Spending Disclosure can be found on the Investor Relations 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 2013 CDP Investor Questionnaire at www.cdproject.net.
EC3 Coverage of the organization’s defined benefit plan obligations. Tiffany & Co. 2012 Proxy Statement
EC4 Significant financial assistance received from government. Tiffany & Co. 2012 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. Beneficiation
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 diamond-producing countries, 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

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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. Information on the recycled materials we use 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 2013 CDP Investor Questionnaire at www.cdproject.net
EN4 Indirect energy consumption by primary source. Building Footprint
Tiffany & Co. response to the 2013 CDP Investor Questionnaire at www.cdproject.net
EN5 Energy saved due to conservation and efficiency improvements. Building Footprint
Tiffany & Co. response to the 2013 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 2013 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 impacts 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 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
Industry Leadership
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 2013 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 2013 CDP Investor Questionnaire at www.cdproject.net
EN19 Emissions of ozone-depleting substances by weight. Tiffany & 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 discharge 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. Information on how Tiffany & Co. works to mitigate environmental impacts can be found within the Industry Leadership and Responsible Mining sections of this website.

Further, 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 non-compliance with environmental laws and regulations. Tiffany & Co. works to ensure compliance with applicable environmental laws and regulations. In 2012, we received one letter of non-compliance from the Rhode Island Department of Environmental Management for certain violations relating to the handling and storage of hazardous waste. These violations were remedied and controls were put in place to enhance the Company’s compliance program.
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

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Indicator GRI Description Response
LA1 Total workforce by employment type, employment contract, and region, by age group. World of Tiffany
Beneficiation
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 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 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

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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. 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 officers and employees perform an annual review of the Tiffany & Co. Business Conduct Policy. Beginning in 2010, English-speaking employees received online training on the Business Conduct Policy and this program has been translated for use by the vast majority of the Company. In 2012, those employees that did not receive the online training performed an annual review of the Business Conduct Policy in their local language.
HR4 Total number of incidents of discrimination and corrective actions taken. Not disclosed
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 Tiffany & Co. 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 taken 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 how Tiffany & Co. supports 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. Information about our human rights review practices can be found within the Supplier Responsibility and Governance sections of this website.
HR11 Number of grievances related to human rights filed, addressed, and resolved through formal grievance mechanisms. Information about our grievances reporting mechanisms can be found within the Governance section of this website.

Performance Indicators—Social

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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 are required to annually review the Tiffany & Co. Business Conduct Policy. In addition, employees whose responsibilities may involve interactions with government officials are required to annually undergo training on the Foreign Corrupt Practices Act. For further information, please see the Governance section of this website.
SO4 Actions taken in response to incidents of corruption. Governance
SO5 Public policy positions and participation in public policy development and lobbying. Governance
The 2012 Annual Political Spending Disclosure can be found on the Investor Relations website.
SO6 Total value of financial and in-kind contributions to political parties, politicians, and related institutions by country. The 2012 Annual Political Spending Disclosure can be found on the Investor Relations website.
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. Tiffany & Co. was not subject to any significant fines or significant non-monetary sanctions for non-compliance with laws and regulations in 2012.
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

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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 2012.
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 our products. 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. engages regularly 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 2012.
PR8 Total number of substantiated complaints regarding breaches of customer privacy and losses of customer data. Not disclosed
PR9 Monetary value of significant fines for non-compliance with laws and regulations concerning the provision and use of products and services. Not tracked