Net 0 Tracker

Tapestry, Inc.

More information available in H2-2024

Current Score (vs. LY)

11.5 pts (-)

Last Update: Nov. 21, 2023

Current Rankings

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

6.3%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

0.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

	Y2021	Y2020	Y2019
Scope 1	3,523	10,941	936
Scope 2 - location-based	37,914	38,878	59,435
Scope 2 - market-based	37,245	39,294	57,008
Scope 1-2 - location-based	41,437	49,819	60,371
Scope 1-2 - market-based	40,768	50,235	57,944
Scope 3	411,583	81,514	89,391
Total - location-based	453,020	131,333	149,762
Total - market-based	440,976	123,295	147,335

Note: Data sources detailed here

	Y2022	Y2021
Total CO₂e estimate (by Net0Tracker)	3,235,399	8,113,892
Methodology	Pre-calculated sector intensity (revenue)	Pre-calculated sector intensity (revenue)

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.

Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)

Emissions Trajectory not available

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Tapestry, Inc. belongs to the sector Consumer Discretionary.

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email

Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email

Net Zero Future Commitments

There is no net zero target recorded in our database. Email us to report missing information Email

Science-based Targets (SBTI)

Date Published / Updated :01/05/2024

Near-term	Long-Term	Net Zero Standard
Targets Set : 1.5°C by FY2030	Targets Set : 1.5°C by FY2050	Yes by FY2050

Tapestry, Inc. is a member of the Business Ambition for 1.5 campaign (link here )

Overall Net-Zero Target
Tapestry, Inc. commits to reach net-zero greenhouse gas emissions across the value chain by FY2050.
Near-Term Targets
Energy and Industrial
Tapestry, Inc. commits to reduce absolute scope 1 and 2 GHG emissions 63.7% by FY2030 from a FY2021 base year. Tapestry, Inc. also commits to reduce absolute scope 3 GHG emissions 42% within the same timeframe.
FLAG
Tapestry, Inc. commits to reduce absolute scope 3 FLAG GHG emissions 30.3% by FY2030 from a FY2021 base year.* Tapestry, Inc. commits to no deforestation across its primary deforestation-linked commodities, with a target date of December 31, 2025.
*Target includes FLAG emissions and removals.
Long-Term Targets
Energy and Industrial
Tapestry, Inc. commits to reduce absolute scope 1 and 2 GHG emissions 90% by FY2050 from a FY2021 base year. Tapestry, Inc. also commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe.
FLAG
Tapestry, Inc. commits to reduce absolute scope 3 FLAG GHG emissions 72% by FY2050 from a FY2021 base year.*
*Target includes FLAG emissions and removals.

Data source: SBTI

Score Summary

Ref	Principle	Score (points)	Max (points)	Delta (points)
1	At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified	0.0	10.0	-
2	Scope 3 emissions are fully reported and externally-verified	0.0	10.0	-
3	CDP score demonstrates the level of transparent disclosures	9.0	10.0	-
	Transparency	9.0	30.0	-
4	Net Zero Commitments by 2050 include an intermediate target and cover all the emissions	0.0	10.0	-
5	Net Zero targets demonstrate a high-level of emergency	0.0	10.0	-
6	Emission reduction targets on a forward-looking basis are ambitious	0.0	10.0	-
7	Targets are science-based as validated by SBTi	2.5	10.0	-
	Commitments	2.5	40.0	-
8	Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets)	0.0	10.0	-
9	Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets)	0.0	10.0	-
10	Implied Temperature Rating by MSCi	0.0	10.0	-
	Results	0.0	30.0	-
	Total	11.5	100.0	-

Score Details

Criteria	Results	2023 Score	Vs. 2022
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period?	NC	0.0 / 5.0	-
Are S1+S2 figures verified by a 3rd-party for the last reporting year?	NC	0.0/ 5.0	-
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed?	NC	0.0 / 5.0	-
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year?	NC	0.0 / 5.0	-
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)?	A-	9.0 / 10.0	-
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050?	NC	0.0 / 3.0	-
Does the net zero target include an intermediate target by 2030?	NC	0.0 / 3.0	-
Does the net zero target include all the emissions?	NC	0.0 / 4.0	-
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2?	NC	0.0 / 5.0	-
Target year for achieving net zero emissions for S1+S2+S3 combined?	NC	0.0 / 5.0	-
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?		0.0 / 5.0	-
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?	No target found	0.0 / 5.0	-
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to?	Committed NA	2.5 / 10.0	-
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target	Objective (in %): Actual (in %): No target found	0.0 / 5.0	-
Momentum: last year % reduction vs. forward-looking target	Objective (in %): Actual (in %): No target found	0.0 / 5.0	-
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target	Objective (in %): Actual (in %): No target found	0.0 / 5.0	-
Momentum: last year % reduction vs. forward-looking target	Objective (in %): Actual (in %): No target found	0.0 / 5.0	-
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets?	ITR: None°C	0.0 / 10.0	-
Total		11.5 / 100.0	-

Available Data Sources

Reporting Year	2021	2020	2019	2018
Source	NZPDU	NZPDU	NZPDU	NZPDU
Publication Year	2022	2021	2020	2019
Scope 1	3,523	10,941	936	1,048
Scope 2 - location-based	37,914	38,878	59,435	57,255
Scope 2 - market-based	37,245	39,294	57,008	NA
Scope 1-2 - location-based	41,437	49,819	60,371	58,303
Scope 1-2 - market-based	40,768	50,235	57,944	NA
Scope 3	411,583	81,514	89,391	185,480
Total - location-based	453,020	131,333	149,762	243,783
Total - market-based	440,976	123,295	147,335	NA

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