Tapestry, Inc. (NYSE: TPR), the parent company behind renowned brands like Coach and kate spade new york, has released its FY2025 Corporate Responsibility Report, showcasing significant advancements in its commitment to sustainability and responsible business practices. The report highlights Tapestry's strategic framework, known as the "Fabric of Change," focusing on four key pillars: People, Planet, Products, and Communities.

1. A Message from Leadership

Joanne Crevoiserat, CEO of Tapestry, expressed pride in the company's achievements, stating, "I'm proud of the work Tapestry is doing to build an even more resilient, agile and purpose-led business. Our people are brand-builders and innovators, and they're fueling our progress toward a better-made future." This sentiment encapsulates Tapestry's dedication to embedding responsible practices across its brands and global operations.

2. Key Highlights from FY2025

The FY2025 Corporate Responsibility Report details several milestones that underscore Tapestry's commitment to sustainability:

Environmentally Preferred Materials

Tapestry made remarkable progress in utilizing environmentally preferred materials, achieving 96% raw material mapping. This milestone reflects the company’s commitment to traceability and responsible sourcing, leveraging technology to address sustainability challenges across its value chain.

Renewable Energy Achievements

In line with its sustainability goals, Tapestry has reached a significant landmark by utilizing 100% renewable electricity across all Tapestry-operated stores, offices, and fulfillment centers. This achievement highlights the company’s proactive stance on addressing climate change and its impact on biodiversity and social equity.

Community Engagement

Tapestry's commitment to community upliftment is evident in its employees' contributions, with over 53,000 volunteer hours logged in FY2025. This brings the total to more than 303,000 hours toward Tapestry's ambitious goal of 500,000 volunteer hours by 2030, showcasing the company's dedication to making a positive impact in the communities where it operates.

Employee Development Initiatives

Recognizing the importance of employee engagement, Tapestry fostered a culture of continuous growth, with employees participating in more than 2,600 hours of learning on LinkedIn. This initiative underscores Tapestry's commitment to empowering its workforce and ensuring that employees feel connected and supported.

3. Setting New 2030 Goals

Building on its progress, Tapestry has set new 2030 goals that extend beyond its owned operations. These include carbon reduction strategies, support for supply chain partners in procuring renewable energy, advancing circularity through innovative materials and business models, and deepening its commitment to workers across the supply chain.

Strengthening Leather Supply Chains

Tapestry is committed to multi-year, material investments aimed at bolstering global leather supply chains. The company’s strategy integrates long-standing supplier relationships, credible third-party verification systems, and partnerships with leading environmental organizations, including the World Wildlife Fund and the Ellen MacArthur Foundation. This comprehensive approach aims to ensure that the leather used in Tapestry's products contributes positively to ecosystems and communities.

4. Aligning with Global Standards

The FY2025 Corporate Responsibility Report aligns with leading global reporting frameworks such as GRI, SASB, and TCFD, providing a transparent overview of Tapestry's corporate responsibility strategy and progress.

5. Conclusion

As Tapestry, Inc. continues to navigate the complexities of the fashion industry, its FY2025 Corporate Responsibility Report underscores a steadfast commitment to sustainability and community engagement. With ambitious goals set for 2030, Tapestry is well-positioned to advance its mission of creating a more resilient and responsible business model that prioritizes the well-being of people and the planet.

For more details, the full report is available on Tapestry’s official website.

Original press release