Tory Burch LLC
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Empowering Women
- Lower-Impact Materials and Production
- Ethical Supply Chain
- Diversity and Inclusion
- Environmental Sustainability
Environmental Achievements
- Over 90% of leather sourced from Leather Working Group Certified Tanneries with silver and gold medal ratings.
- Began conducting annual comprehensive GHG footprint across value chain (Scopes 1, 2, and 3) in 2021.
- Collected verified environmental data from suppliers representing over 70% of purchase volume using the Higg FEM.
Social Achievements
- Launched the Tory Burch Foundation in 2009, providing access to capital, education, and community for women entrepreneurs.
- Partnered with RISE: Reimagining Industry to Support Equality to advance gender equality in global supply chains.
- Partnered with artisans through Nest to create handcrafted products, supporting financial independence and preserving cultural traditions.
- Women represent the majority of the global workforce and nearly 60% of company executives.
Governance Achievements
- Conducted a materiality assessment in 2021 to identify priority ESG opportunities.
- Formed an ESG Committee of the Board of Directors that meets quarterly.
- Created a new function within the office of the President, Corporate Development, to focus on enterprise-wide sustainability and ESG strategy in 2022.
- Expanded the ESG committee in 2023 to include key cross-functional stakeholders.
Climate Goals & Targets
Environmental Challenges
- Reducing environmental impact across the value chain.
- Ensuring ethical and fair working conditions throughout the supply chain.
Mitigation Strategies
- Implementing lower-impact materials and processes.
- Conducting regular third-party audits of key suppliers.
- Providing training on the Vendor Code of Conduct to suppliers.
- Partnering with organizations to advance gender equality and ethical sourcing.
Supply Chain Management
Supplier Audits: Regular third-party audits of key suppliers
Responsible Procurement
- Vendor Code of Conduct based on ILO principles.
- Initial screening of new suppliers to assess risk of forced and child labor.
- Supplier training on Vendor Code of Conduct.