Tapestry, Inc., Recognized for Work in Social Impact and Community Investment, Named one of the 50 Most Community-Minded Companies in the US
23 Maio 2023 - 3:20PM
Business Wire
Tapestry celebrates the honor, the first time
the company has taken part in the annual Points of Light survey
Tapestry, Inc. (NYSE: TPR), a leading New York-based house of
iconic accessories and lifestyle brands consisting of Coach, kate
spade and Stuart Weitzman, today was named by Points of Light a
2023 honoree of The Civic 50, recognizing the top community-minded
companies in the United States according to an annual survey.
Points of Light is dedicated to accelerating people-powered
change.
Now in its eleventh year, The Civic 50 is a national standard
for corporate citizenship and showcases how leading companies are
moving social impact, civic engagement and community to the core of
their business. The Civic 50 honorees are companies with annual
U.S. revenues of at least $1 billion and are selected based on four
dimensions of their corporate citizenship and social impact
programs: investment of resources and volunteerism, integration
across business functions, institutionalization through policies
and systems and impact measurement.
Tapestry is on a journey to create a values-driven,
people-centered company that balances true fashion authority with
meaningful, positive change. The company and its house of brands
put corporate citizenship at the core of its business, through its
work in social impact, sustainability and equity and inclusion.
“Tapestry and our brands are driven by a shared purpose to
stretch what’s possible for our people, our planet, and our
communities. We believe that by working to address some of the most
pressing issues facing our communities and planet – including
empowering diverse voices and talent, providing resources around
mental health and well-being, and improving sustainability in the
fashion industry –we can build a better-made future for all,” said
Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc.
In 2023, Points of Light recognized Tapestry for its work in
several key areas, across its three brands:
VOLUNTEERING and GIVING
- Tapestry Gives, Tapestry’s global employee engagement program
offers all global employees, including part- and full-time
corporate, field and fulfillment center employees, up to one paid
day a year of Volunteer Time Off to support causes they are most
passionate about. FY2022 marked the most volunteer hours completed
by employees since the company set its 2025 goal in 2018.
- Tapestry also uses its financial resources to invest in
communities where we live and work. In FY (Fiscal Year) 2022, the
company reached $40M in collective giving across all three brands
to dozens of nonprofits that align with social impact goals.
Tapestry also donated $30M in product donations in FY2022 through
programs like Coach Dream It Real Closets and other strategic
allocations tied to the missions of the brand’s respective
foundations.
SUSTAINABILITY
- In 2022, Tapestry launched a $3 million four-year partnership
between the Tapestry Foundation and World Wildlife Fund (WWF)
designed to accelerate the development of an industry-wide standard
to certify deforestation and conversion-free (DCF) leather
originating from Brazil as part of Tapestry’s commitment to
transparency and supply chain traceability.
ACCESS and INCLUSIVITY
- Dream It Real is the Coach Foundation’s core mission focused on
creating opportunities and removing barriers for the next
generation of young people who have the courage to dream it real.
Dream It Real has reached over 150,000 young people around the
world and has a goal to provide 5,000 scholarships to students by
2025.
- kate spade new york is a champion for women’s mental health for
over a decade and believes that good mental health is a fundamental
human right for everyone. Through its social impact work, kate
spade new york aims to address a truer, fuller spectrum of a
woman’s joy by putting mental health at the heart of their women’s
empowerment work. In 2021, kate spade new york and its foundation
invested $3 million to support the empowerment and mental health of
women and girls with 25 partners globally. In addition, the company
has continued to use its brand platform to help destigmatize the
topic of mental health and bring resources to its employees,
customers and community.
- In FY22, Stuart Weitzman expanded their partnership with Vital
Voices investing in the organization to help launch the Bold Moves
Grant. This effort directs significant investment to five inspiring
women leaders, fostering lasting change in their communities.
“Companies play a critical role in creating thriving,
participatory communities,” said Diane Quest, interim president and
CEO, Points of Light. “Companies like Tapestry set a model for
others, showing how to best use employee talent, business assets
and integration to create meaningful impact, and we’re thrilled to
uplift and celebrate their work as an honoree of The Civic 50
2023.”
The Civic 50 survey is administered by True Impact, and the
results are analyzed by VeraWorks. The survey instrument consists
of quantitative and multiple-choice questions that inform the
scoring process. The Civic 50 is the only survey and ranking system
that exclusively measures corporate community engagement.
About Tapestry, Inc.
Our global house of brands unites the magic of Coach, kate spade
new york and Stuart Weitzman. Each of our brands are unique and
independent, while sharing a commitment to innovation and
authenticity defined by distinctive products and differentiated
customer experiences across channels and geographies. We use our
collective strengths to move our customers and empower our
communities, to make the fashion industry more sustainable, and to
build a company that’s equitable, inclusive, and diverse.
Individually, our brands are iconic. Together, we can stretch
what’s possible. To learn more about Tapestry, please visit
www.tapestry.com. The Company’s common stock is traded on the New
York Stock Exchange under the symbol TPR.
Follow and connect with Tapestry on LinkedIn and Instagram or
visit our newsroom. To build your future at Tapestry, find our
latest job opportunities on our careers page.
About Points of Light
Points of Light is a nonpartisan, global nonprofit organization
that inspires, equips and mobilizes millions of people to take
action that changes the world. We envision a world in which every
individual discovers the power to make a difference, creating
healthy communities in vibrant, participatory societies. Through
145 affiliates across 39 countries, and in partnership with
thousands of nonprofits and corporations, Points of Light engages
3.7 million people in 16.7 million hours of service each year. We
bring the power of people to bear where it’s needed most. For more
information, visit pointsoflight.org.
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version on businesswire.com: https://www.businesswire.com/news/home/20230523006032/en/
Tapestry, Inc. Media: Andrea Shaw Resnick Chief
Communications Officer 212/629-2618 aresnick@tapestry.com Analysts
and Investors: Christina Colone Global Head of Investor Relations
212/946-7252 ccolone@tapestry.com Kelsey Mueller 212/946-8183
Director of Investor Relations kmueller@tapestry.com
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