Building Footprint

Tiffany & Co. continuously works to enhance the environmental performance of our facilities, though our internal operations do not have a large environmental footprint.

Tiffany & Co. is committed to energy conservation. To that end, in 2007 Tiffany & Co. signed on to the United States Environmental Protection Agency’s (EPA) Climate Leaders program, an industry-governmental partnership that worked to develop comprehensive climate change strategies. Tiffany & Co. is on track to meet our goal to reduce U.S. greenhouse gas (GHG) emissions by 10% per square foot from 2006 to 2011. As the EPA transitions away from the Climate Leaders program, Tiffany & Co. remains committed to these efforts.

At the end of Fiscal Year 2010, Tiffany & Co. reduced U.S. GHG emissions per square foot by over 9.2% from our 2006 baseline. We accomplished these reductions by implementing energy efficiency projects including lighting retrofits, the installation of energy recovery ventilators and heating, ventilation and air conditioning improvements.

Although we are not a large GHG emitter, Tiffany & Co. is committed to understanding and reducing our impact on climate change. Tiffany & Co. completed our first global inventory of Scope 1 (direct) and Scope 2 (indirect) GHG emissions for Fiscal Year 2010, including the emissions from more than 230 stores and boutiques, two warehouses in New Jersey, manufacturing facilities in New York and Rhode Island and six diamond division facilities. We will monitor these emissions and look for opportunities to further improve our efficiency moving forward.

Since 2006, Tiffany has been a responding company to the Carbon Disclosure Project (CDP) investor questionnaire, a voluntary disclosure mechanism which gathers information on the business risks and opportunities presented by climate change as well as greenhouse gas emissions data from the world’s largest companies. For further information on our GHG emission reduction efforts and reporting methodology, please see our response to the 2011 CDP Investor Questionnaire at www.cdproject.net.

As part of our commitment to protect future generations from the impact of climate change, Tiffany & Co. resigned from the U.S. Chamber of Commerce in 2009 to express our disappointment in the Chamber’s approach to legislation and regulatory efforts to address climate change.

Tiffany & Co. works to comply with all applicable environmental laws and regulations. We have internal guidelines for our facilities and programs for our employees to ensure their knowledge of regulations, the proper disposal of waste and respect for local communities and environments. Tiffany & Co. works to ensure that waste is recycled where possible.

In 2010, we began a process to enhance the collection of environmental data from our global facilities. This includes the global collection of waste and water data. As this is the first year of information collection, we are working to confirm the accuracy of this data prior to reporting. We are currently monitoring our performance and looking for further opportunities to enhance our environmental programs.

Tiffany & Co. is working to incorporate sustainable building design criteria into our facilities. Wherever possible we source and procure building materials locally. In our retail stores, we work to install efficient lighting and use sustainable wood sources.

In 2006 we installed over 1.3MW of solar power across our two distribution facilities in New Jersey to help offset carbon fuel-generated power and contribute to the electricity needs of the facilities. In 2010, we sold the Renewable Energy Credits (RECs) generated by these systems. In 2010, we installed an additional 629kW of solar power on one of these facilities. Tiffany & Co. is constantly evaluating additional opportunities to use renewable energy and increase efficiencies in our facilities to continuously reduce our environmental impact.

The Tiffany & Co. Santa Monica retail store became our first facility to obtain LEED (Leadership in Energy and Environmental Design) certification. In February 2011, it was certified as LEED-CI (Commercial Interior) Gold. LEED is the most widely used green building standard in the world and incorporates environmental best practices for the real estate and construction industries, including specific ways to increase energy efficiency, improve water efficiency, use recycled materials and improve air quality.

In 2011, Tiffany & Co. will be opening two new facilities that we anticipate will be LEED-certified.^† Our New York affiliate's headquarters are being consolidated into a LEED-CI Platinum office. Additionally, we are building a LEED-NC (New Construction) certified manufacturing facility in Kentucky.

^†These facilities are anticipated to achieve the specified LEED certification stated above.

*Metric included in the Report of Independent Accountants