Tapestry, Inc. and Coach Support Regenerative Agriculture Movement Through Partnership With Savory Institute
20 Enero 2022 - 5:45AM
Business Wire
Coach to Incorporate Land to Market-Verified
Regenerative Raw Materials Into Future Product
Tapestry, Inc. (NYSE: TPR), a leading New York-based house of
modern luxury accessories and lifestyle brands, and Coach today
took steps to further improve the sustainability of Tapestry and
Coach’s supply chain through a new partnership with the Savory
Institute’s Land to Market Program, the first verified sourcing
solution for regenerative agriculture. By utilizing regenerative
raw materials that have a net positive impact on the environment,
improve biodiversity, and result in a reduction of CO2 emissions,
Tapestry and Coach will be able to further reduce its impact on
climate change.
Todd Kahn, CEO and Brand President of Coach, said, “We are proud
to effect real and lasting change for our environment through
strategic improvements in our supply chain and innovative
productive offerings. While our Coach (Re)Loved collection gives
many of our beloved bags a second life, this newly established
membership with Land to Market supports the restoration and
vitality of the grasslands. We are committed to further reducing
our environmental impacts by continuing to engage with our supply
chain, and increasing renewable energy, environmentally preferred
materials, and traceability.”
Savory Institute’s Land to Market program works directly with
farmers, ranchers and other raw material producers using Ecological
Outcome VerificationTM (EOV), a scientific protocol that measures
land health and verifies whether farmland is in a state of
regeneration or degeneration. EOV was developed by the nonprofit
Savory Institute, together with Michigan State University, Texas
A&M, The Nature Conservancy and others.
As farmers and ranchers make shifts in management that
regenerate their land, EOV measures the environmental impact and
provides feedback for continuous improvement. As more land is
regenerated, more vegetation is grown, and more CO2 is removed from
the atmosphere — helping to reduce temperature shifts caused by
rising carbon in the atmosphere. In this way, regenerative
agriculture plays a critical role in mitigating climate change.
Products with the Land to Market seal are sourced from farms and
ranches that show positive environmental outcomes through EOV. With
the Land to Market seal, consumers can be assured that the
materials in the products they purchase have been scientifically
proven to heal the earth.
“Land to Market is committed to improving the entire ecosystem
with regenerative agriculture, which provides benefits for the
soil, water, air and animals,” said Chris Kerston, co-leader of
Land to Market. “Humanity can only reach critical climate goals
with bold action and partnership with the business community. By
joining Land to Market, Tapestry and Coach have committed to making
a positive impact on the earth by restoring the land through
regenerative agriculture.”
Through its partnership with Land to Market, Tapestry is
continuing to strengthen its dedication to environmental efforts
that combat climate change. This commitment further reinforces
Tapestry’s recently announced actions to drive positive change for
its people, the planet and community, including its pledge to
procure 100% renewable electricity in its stores, offices, and
fulfillment centers by 2025, and the establishment of the $50
million Tapestry Foundation to advance equity and opportunity and
to combat the climate crisis. This past fall, Tapestry also
announced that it signed the Science Based Targets Initiative
(SBTi) Business Ambition 1.5°C, committing to setting interim
science-based emissions reduction targets in order to limit global
warming to 1.5°C and to reach net-zero global emissions by 2050 at
the latest. For more information, please visit
https://www.tapestry.com/responsibility/our-planet/.
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.
About Coach Coach is a global
fashion house founded in New York in 1941. Inspired by the vision
of Creative Director Stuart Vevers and the inclusive and courageous
spirit of its hometown, the brand makes beautiful things, crafted
to last—for you to be yourself in.
Coach is a Tapestry, Inc. brand. Tapestry is publicly listed on
the New York Stock Exchange under the ticker TPR.
About The Savory Institute The
Savory Institute, a U.S.-registered 501(c)(3) charitable
organization, facilitates large-scale regeneration of the world’s
grasslands through Holistic Management. Together with Savory’s
global network of Hubs, the Savory Institute equips farmers and
ranchers around the world with education, training, and
implementation support to achieve success within their cultural and
ecological contexts. Savory Institute also removes barriers and
creates enhanced conditions for large-scale progress by informing
policy, engaging the marketplace, and increasing public awareness.
Savory’s long-term goal is to positively influence the management
of 1 billion hectares of grasslands by 2025, thereby contributing
to global climate-, water- and food-security. Savory is
headquartered at 1500 28th Street, Boulder, CO 80303. Tel:
303.327.9760. Additional news and information about the
organization is available at www.savory.global.
About Land to Market A leader in
the regenerative agriculture movement, Land to Market is the
world’s first outcomes-based verified regenerative sourcing
solution. The program’s Land to Market Verified seal has attracted
some of the world’s leading consumer packaged goods companies,
apparel brands and retailers. A program of the Savory Institute,
Land to Market uses a science-based approach working directly with
raw material producers to enhance transparency and traceability
mechanisms across the entire value chain. To see the full list of
Land to Market members, visit http://landtomarket.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220120005352/en/
Tapestry, Inc. Analysts & Media: Andrea Shaw Resnick Chief
Communications Officer 212/629-2618 aresnick@tapestry.com
Kelsey Mueller Director, Investor Relations 212/946-8400 X
100235 kmueller@tapestry.com
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