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Definition of Metrics

This table defines the corporate responsibility metrics reported in this website or used as a basis for the statements made in the website. Items with an asterisk (*) are metrics which have been assured, as indicated in the Report of Independent Accountants.

Governance

Term Definition
Business Conduct Policy Signatures The percentage of Tiffany employees who have signed and returned the Tiffany & Co. Business Conduct Policy acknowledgement and Officers Questionnaire on time. All employees are required to review the Business Conduct Policy annually and select officers of the Company complete the Officers Questionnaire on an annual basis.
Ethical Incidence The number of ethics concerns raised internally by type and rate of resolution.

Responsible Sourcing—Responsible Mining

Term Definition
Metals Purchased The weight in troy ounces of silver, gold and platinum procured by Tiffany & Co. either as a direct purchase from a mine, metal recycler, metal refiner or included in third-party manufactured components or finished goods.
Metal Traceability
Traceable to Mine (Direct Metals Purchased*) The weight in troy ounces of silver, gold and platinum procured directly from a mine as a percentage of the total weight of metals received as evidenced by the contractual terms with the supplier(s) or the details listed on the invoice received.
Traceable to Recycler (Direct Metals Purchased*) The weight in troy ounces of silver, gold and platinum procured directly from a recycler as a percentage of the total weight of metals received as evidenced by the contractual terms with the supplier(s), the details listed on the invoice received or a statement on the recycler’s website stating that metal they manufacture is 100% recycled.
Rough Diamonds Purchased The weight in carats of rough diamonds purchased by Tiffany & Co. from Botswana, Namibia and South Africa in the calendar year and from Belgium in the fiscal year as evidenced by the supplier invoice. This includes all rough diamonds directly procured by Tiffany & Co.
Rough Diamond Traceability
Traceable to Mine* The weight in carats, expressed as a percentage, of rough diamonds purchased by Tiffany & Co. from Botswana, Namibia and South Africa in the calendar year and from Belgium in the fiscal year which were purchased directly from a mine as indicated by either the contractual terms with the supplier which requires the diamonds to be purchased from a specific mine, the details listed on the invoice received or information available on the specific supplier’s website with respect to mining location.
Traceable to Source* The weight in carats, expressed as a percentage, of rough diamonds purchased by Tiffany & Co. from Botswana, Namibia and South Africa in the calendar year and from Belgium in the fiscal year which were purchased directly from a supplier that sources from multiple known mines, but is not traceable to a specific mine as indicated by either the contractual terms with the supplier which requires the diamonds to be purchased from specific mines, the details listed on the invoice received or information available on the specific supplier’s website with respect to mining locations.
Polished Diamonds Purchased The weight in carats of polished diamonds (both serialized and melee sizes) purchased by Tiffany & Co. in the calendar year as evidenced by receipts and Laurelton Diamonds or third-party supplier invoices.
Polished Diamond Traceability
Polished Diamonds from Internally Sourced Rough Diamonds The weight in carats, expressed as a percentage, of polished diamonds purchased by Tiffany & Co. in the calendar year from Laurelton Diamonds as indicated by receipts and Laurelton Diamonds invoices.
Third-party Sourced Polished Diamonds The weight in carats, expressed as a percentage, of polished diamonds purchased by Tiffany & Co. in the calendar year from a third-party supplier as indicated by receipts and the supplier invoice.

Responsible Sourcing—Beneficiation

Term Definition
Economic Beneficiation* The U.S. dollar equivalent of beneficiation paid during the calendar year by Tiffany & Co. within diamond-producing countries whose governments require beneficiation. This amount includes payments to domestic suppliers for rough diamonds, materials and services, taxes, community donations and payroll and benefit costs related to the Laurelton Diamonds facilities.
Social Beneficiation—Percentage Local Employees* The number, expressed as a percentage, of local employees who are employed by Laurelton Diamonds in Botswana, South Africa and Namibia as evidenced by Human Resources records, as of the end of the calendar year.
Worker Living Wage Percentage The percentage of Laurelton skilled employees earning a living wage. Laurelton Diamonds conducts living wage studies in each location where it operates to ensure skilled workers are paid a fair wage for their work. Tiffany has defined living wage as the rate that is required to support an employee, meet financial obligations of the employee toward his/her dependents and provide some discretionary income.

Responsible Sourcing—Paper & Packaging

Term Definition
Packaging Use The weight, expressed in short tons, of all packaging materials received by packaging type including blue bags, white bags, set-up boxes, c-fold boxes, corrugated boxes, tissue, flannels and pouches, bubble wrap and other packaging materials.
Catalogue and Collateral Paper Use The weight, expressed in short tons, of catalogue and printed collateral paper.
Paper Certification (Packaging*) The percentage of FSC®-certified paper suppliers of blue bags and boxes* or catalogue and collateral paper, based on supplier status, as of year end.
Recycled Content The percentage of recycled and post-consumer recycled material in packaging and catalogue paper.
Recyclability The percentage of packaging material that can be recycled by the end-user.

Responsible Sourcing—Supplier Responsibility

Term Definition
Percentage Vendor Code of Conduct Signatures The percentage of direct vendors, vendors providing finished goods and Tiffany recognizable materials (components, leather, diamonds and packaging) to Tiffany & Co., in the Social Accountability Program who have signed the Vendor Code of Conduct as of the end of the year.
Vendor Self-Assessment The percentage of Tiffany & Co. direct vendors in the Social Accountability Program who have completed a self-assessment against the Tiffany & Co. Vendor Code of Conduct during the two-year audit cycle (2012–2013).
Vendor Risk Level The percentage of vendors in the Social Accountability Program at each risk level (High, Medium, Low, Unrated) during the two-year audit cycle. The vendor risk level is calculated through a multilayered risk assessment process.
Audits The percentage of vendors in the Social Accountability Program that have undergone either an internal or third-party audit during the two-year audit cycle.
Vendor Compliance Status The number of vendors in the Social Accountability Program in each compliance level (Satisfactory, Minor Nonconformance, Major Nonconformance, Critical) at the conclusion of the year.
Noncompliance Supplier incidents of noncompliance by type of noncompliance (hours of work, wages and benefits, health and safety, freedom of association and collective bargaining, lack of transparency, child labor, forced labor, harassment or abuse, disciplinary actions, discrimination, environmental requirements or other) as determined by internal or third-party audits during the two-year audit cycle.

World of Tiffany—Our Employees

Term Definition
Ethnic Diversity (United States*) The diversity of the Tiffany U.S. workforce, including temporary and seasonal employees, according to ethnicity as self-reported and recorded by employees in the Company’s Human Resources systems from July 1-July 15.
Gender Diversity by Management Level* The diversity of the Tiffany global workforce, including temporary and seasonal employees, according to gender as self-reported and management level as recorded in the Company’s Human Resources systems, where permitted by local law.
Generation Diversity* The diversity of the Tiffany global workforce, including temporary and seasonal employees, according to gender and date of birth as self-reported and recorded in the Company’s Human Resources systems, where permitted by local law.
Total Recordable Incidence Rate (United States*) The number of recordable injuries or illnesses (based on the OSHA definition of a recordable incident) per 100 full-time equivalent United States employees, during the calendar year, as of May 6, 2013.
Voluntary Turnover The percentage of the global workforce voluntarily leaving Tiffany. Voluntary turnover includes all full-time employees. Laurelton Diamonds trainees are tracked separately.
Performance Review The percentage of Tiffany employees with annual management plans and annual reviews completed on time.

World of Tiffany—Building Footprint

Term Definition
Energy Use Energy use is expressed in MWh and represents all types of energy used by Tiffany & Co. (i.e., electricity, natural gas, fuel oil, heavy oil and steam). Data is derived from meters, utility invoices or estimations based on facility type, size and location.
Energy Costs The total cost in U.S. dollars associated with the energy used by Tiffany & Co. Data is derived from meters, utility invoices or estimations based on facility type, size and location.
Greenhouse Gas Emissions* The quantity in metric tons of carbon dioxide equivalent greenhouse gas emissions, including both direct (Scope 1) and indirect (Scope 2) emissions.
Greenhouse Gas Emissions per Square Foot* The quantity in pounds of carbon dioxide equivalent greenhouse gas emissions per square foot of operated space, including both direct (Scope 1) and indirect (Scope 2) emissions.

Charitable Giving

Term Definition
Charitable Giving as a Percentage of Pre-Tax Earnings Total contributions by Tiffany & Co. through our corporate giving program, Employee Giving and Volunteer Matching Programs and to The Tiffany & Co. Foundation endowment, as a percentage of fiscal year pre-tax earnings.
Foundation Grantmaking* The U.S. dollar amount of grantmaking that The Tiffany & Co. Foundation paid to United States nonprofit organizations during the calendar year.
Corporate Giving The total U.S. dollar contribution by type of donation (monetary, merchandise) and charity area of focus (i.e., arts, health) to local charitable organizations globally.
Employee Giving Program Total Tiffany & Co. contributions through the U.S. Employee Giving Program, tracked by the matching monetary donations, the number of unique employees participating in the program and the number of charities to which donations have been made.
Volunteer Matching Program Total Tiffany & Co. monetary contributions through the U.S. Volunteer Matching Program made to charities where U.S. employees have volunteered their personal time, tracked by the matching monetary donations, the number of unique employees participating in the program, the number of hours volunteered and the number of charities to which donations have been made.