In 2023, 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) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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In 2023, the total operational greenhouse gas (GHG) emissions of Tapestry amounted to 17,338 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 2022, the total operational greenhouse gas (GHG) emissions of Tapestry decreased by 24.6%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
In 2023, the total Scope 1 emissions of Tapestry were 5,559 metric tons of CO₂ equivalent (tCO₂e). a
Since 2018, Tapestry's Scope 1 emissions have increased by 430.38%, reflecting a rising long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), Tapestry's Scope 1 emissions decreased by 15.77%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
In 2023, Tapestry reported Scope 2 greenhouse gas (GHG) emissions of 11,779 tCO₂e using the market-based method. a
Compared to the previous year (2022), Tapestry's Scope 2 emissions (Market-Based) fell by 28.16% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a
In 2023, Tapestry reported its Scope 2 emissions using the market-based method. a
In 2023, Tapestry reported 693,079 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 2023 disclosure of Tapestry includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
In 2023, Tapestry reported total Scope 3 emissions of 693,079 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 96.04% of these emissions originated from upstream activities such as purchased goods and capital goods, while 3.96% came from downstream activities like product use, distribution, and end-of-life treatment. a
Since 2018, Tapestry's Scope 3 emissions have increased by 647.33%, reflecting a rising long-term trend in Scope 3 emissions over time. a b
Compared to the previous year (2022), Tapestry's Scope 3 emissions decreased by 13.07%, highlighting the company's efforts to lower indirect emissions from its value chain. a
In 2023, 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 2023, the largest contributors to Tapestry's Scope 3 emissions were: a
In 2023, Tapestry reported Scope 1 greenhouse gas (GHG) emissions of 5,559 tCO₂e and total revenues of USD 6,661 millions. This translates into an emissions intensity of 0.83 tCO₂e per millions USD. a
In 2023, Tapestry reported a Scope 1 emissions intensity of 0.83 tCO₂e per millions USD. Compared to the peer group median of 13.76 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
In 2023, Tapestry ranked 6 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 2023, Tapestry reported a total carbon footprint of 710,417 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 13.39% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to Tapestry's total carbon footprint was Scope 3 emissions, accounting for 97.56% of the company's total carbon footprint, followed by Scope 2 emissions at 1.66%. a