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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. Complete definitions of each metric, along with the data collection methodology, can be found in the Fiscal Year 2010 Tiffany & Co. Corporate Responsibility Metric Collection Criteria Document. The Criteria Document can be requested by emailing CSR@Tiffany.com. Items with an asterisk (*) are metrics which have been included in the Report of Independent Accountants.

Governance — Ethics, Compliance and Accountability

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 resolution.

Responsible Sourcing — Responsible Mining

Term	Definition
Metals Purchased	Metals purchased is expressed in troy ounces. The total quantity of silver, gold and platinum received by Tiffany & Co. either as a direct purchase from a mine, metal recycler or included within a third-party manufactured finished good. Data for Fiscal Year 2010 excludes third-party fabricated metal used in jewelry components (i.e., clasps, silver beads). Tiffany & Co. will include this portion of metals in subsequent reports.
Metal Traceability*
Metals Traceable to Mine*	The percentage of total metals that were purchased directly from a mine as evidenced by the supplier(s) contractual terms.
Metals Traceable to Recycler*	The percentage of total metals that were purchased directly from a metals recycler as evidenced by the supplier(s) contractual terms.
Metals Traceable to Artisanal Sources	This is a subset of the metals traceable to the mine category and expressed as a percentage of total metals that were traceable to responsible artisanal and small-scale alluvial mines as evidenced by the supplier(s) contractual terms.
Diamonds Purchased	Diamond purchases are expressed in carats. This includes all diamonds received at Laurelton facilities (rough and polished stones).
Melee Diamond Traceability	Melee diamonds are small diamonds which weigh less than 0.2 carats.
Traceable to the Mine	The quantity of melee diamonds procured by Tiffany & Co. that are traceable to the mine of origin as a percentage of total diamonds in inventory by the number of stones purchased as evidenced by supplier(s) invoices and contractual terms.
Traceable to the Source	The quantity of melee diamonds procured by Tiffany & Co. that are traceable to a supplier that only sources from a limited number of mines, but not the mine itself as a percentage of total diamonds procured by the number of stones purchased as evidenced by supplier(s) invoices and contractual terms.
Serialized Diamond Traceability
Traceable to the Mine	The quantity of diamonds in individually registered products within the fiscal year end inventory that are traceable to the mine of origin as a percentage of total diamonds in inventory by carat weight as evidenced by supplier(s) invoices and contractual terms.
Traceable to the Source	The quantity of diamonds in individually registered products within the fiscal year end inventory that are traceable to a supplier that only sources from a limited number of mines, but not the mine itself as a percentage of total diamonds in inventory by carat weight as evidenced by supplier(s) invoices and contractual terms.

Responsible Sourcing — Beneficiation

Term	Definition
Beneficiation (Financial Data*)	The financial and social value provided to communities in our diamond sourcing operations. Tiffany & Co. tracks the following measures where Laurelton Diamonds has facilities: local employee percentage of total workforce, graduates of worker training program, monetary distributions through payroll and benefits, payments to domestic suppliers of rough diamonds, payment to domestic suppliers, taxes, community investments in public infrastructure and its maintenance, and community donations. This metric is tracked on a calendar year basis.
Worker Living Wage	The percentage of Laurelton skilled employees earning a living wage. Laurelton Diamonds conducts annual living wage studies in each country to ensure skilled workers are paid a fair wage for their work. Laurelton 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.

Term

Definition

Beneficiation (Financial Data*)

The financial and social value provided to communities in our diamond sourcing operations. Tiffany & Co. tracks the following measures where Laurelton Diamonds has facilities: local employee percentage of total workforce, graduates of worker training program, monetary distributions through payroll and benefits, payments to domestic suppliers of rough diamonds, payment to domestic suppliers, taxes, community investments in public infrastructure and its maintenance, and community donations. This metric is tracked on a calendar year basis.

Worker Living Wage

The percentage of Laurelton skilled employees earning a living wage. Laurelton Diamonds conducts annual living wage studies in each country to ensure skilled workers are paid a fair wage for their work. Laurelton 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 shopping bags, set-up boxes, c-fold boxes, corrugated boxes, tissue, bubble wrap and other packaging materials.
Catalogue and Collateral Paper Use	The weight expressed in short tons of all catalogue and printed collateral paper received by Tiffany & Co.
Office Paper Use	The weight expressed in short tons of office paper ordered by Tiffany & Co. locations around the globe.
Paper Certification (Packaging*)	The percentage of Forest Stewardship Council-certified paper or other certified paper as a percentage of overall packaging,* catalogue or office paper. For purposes of purchased packaging, metric is based on paper content within the packaging that is FSC certifiable.
Recycled Content	The percentage of recycled and post-consumer waste material in packaging and catalogue paper received and office paper ordered.
Recyclability	The percentage of packaging material that can be recycled by the end-user.

Responsible Sourcing — Supplier Responsibility

Term	Definition
Vendor Code of Conduct Signatures	The percentage of direct procurement vendors who have signed the Tiffany & Co. Vendor Code of Conduct.
Self-Assessment	The percentage of Tiffany & Co. vendors who have completed a self-assessment against the Tiffany & Co. Vendor Code of Conduct during the current two-year audit cycle (FY2010–FY2011).
Vendor Risk Level	The percentage of direct procurement vendors in each risk level (High, Medium, Low, Unrated) during the current audit cycle. The vendor risk level is calculated through a multi-layered risk assessment process.
Audits	The percentage of direct procurement vendors that have undergone either an internal or external audit during the current audit cycle.
Vendor Compliance Status	The number of direct procurement vendors in each compliance level of the Tiffany & Co. Social Accountability Program at the conclusion of the fiscal year.
Non-compliance	Supplier incidents of non-compliance by type of non-compliance (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 current fiscal year.

World of Tiffany — Our Employees

Term	Definition
Diversity (Ethnicity – United States*)	Tiffany tracks the diversity of its workforce by gender (as self-declared by employees), ethnicity (U.S. only, as self-declared by employees) and generation and reviews this by management level (U.S. EEO-1 Job Classification Guide) and geography. The information for this metric is calculated once per year in accordance with U.S. regulatory reporting requirements.
Total Recordable Incidence Rate (United States*)	The number of full-time employees out of every 100 suffering a recordable injury or illness during Calendar Year 2010.
Voluntary Turnover	The percentage of the workforce voluntarily leaving Tiffany & Co. Voluntary turnover includes all full-time employees except those classified as trainees in the Laurelton Diamond division.
Performance Review	The percentage of 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 the sites (electricity, natural gas, fuel oil, heavy oil and steam). Data is derived from meters, utility invoices or estimated based on facility type and location.
Energy Costs	The total cost in U.S. dollars associated with the energy used at Tiffany & Co. locations. Data is derived from meters, utility invoices or estimated based on facility type and location.
Greenhouse Gas Emissions*	Metric tons of CO₂ equivalent and corresponds to greenhouse gas emissions related to the energy consumption of the Tiffany & Co. facilities. It includes both direct (scope 1) and indirect (scope 2) emissions.

Charitable Giving

Term	Definition
Corporate Giving as a Percentage of Pre-Tax Earnings	Total contributions by Tiffany & Co. to The Tiffany & Co. Foundation endowment, and contributions through our corporate giving, Employee Giving Program and Volunteer Matching Program, divided by fiscal year pre-tax earnings.
Foundation Grantmaking*	This metric reflects total annual grantmaking by The Tiffany & Co. Foundation in U.S. dollars by program area.
Corporate Giving	The total U.S. dollar contribution by type of donation (monetary, merchandise) and charity area of focus to local charitable organizations globally.
Employee Giving Program	Total Tiffany & Co. donations through the U.S. Employee Giving Program tracked by matching monetary donations, 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 donations made to charities where U.S. employees have volunteered at least ten hours of their personal time. The monetary value of the matching gift, the number of unique employees participating in the program, number of hours volunteered and number of charities are all collected.