In 2024, Tapestry completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Tapestry has also provided a category-level breakdown for 11 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 4,584a | 5,559b | 6,600b | |
Total Scope 2 | ||||
Market-Based | N/A | 11,779b | 16,396b | |
Location-Based | N/A | N/A | N/A | |
Unspecified Calculation Method | 2,023a | N/A | N/A | |
Total Scope 3 | 797,180a | 693,079b | 797,249b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.6871a | 0.8346b | 0.9874b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Tapestry amounted to 6,607 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Tapestry decreased by 61.89%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2024, the total Scope 1 emissions of Tapestry were 4,584 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Tapestry's Scope 1 emissions have increased by 389.61%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Tapestry's Scope 1 emissions decreased by 17.54%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
In 2024, Tapestry reported Scope 2 greenhouse gas (GHG) emissions of 2,023 tCO₂e without specifying the calculation method.a
Since 2019, Tapestry's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 96.45%, reflecting a declining long-term trend in Scope 2 emissions over time.ac
In 2024, Tapestry reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Tapestry reported 797,180 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Tapestry includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Tapestry reported total Scope 3 emissions of 797,180 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 96.63% of these emissions originated from upstream activities such as purchased goods and capital goods, while 3.37% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Tapestry's Scope 3 emissions have increased by 791.79%, reflecting a rising long-term trend in Scope 3 emissions over time.ad
Compared to the previous year (2023), Tapestry's Scope 3 emissions increased by 15.02%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
In 2024, Tapestry reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to Tapestry's Scope 3 emissions were:a
In 2024, Tapestry reported Scope 1 greenhouse gas (GHG) emissions of 4,584 tCO₂e and total revenues of USD 6,672 millions. This translates into an emissions intensity of 0.69 tCO₂e per millions USD.a
In 2024, Tapestry reported a Scope 1 emissions intensity of 0.69 tCO₂e per millions USD. Compared to the peer group median of 1.01, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Tapestry ranked 10 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Tapestry is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Tapestry reported a total carbon footprint of 803,787 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 13.14% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Tapestry's total carbon footprint was Scope 3 emissions, accounting for 99.18% of the company's total carbon footprint, followed by Scope 1 emissions at 0.57%.a