Tapestry, Inc. - TPR STOCK NEWS

Tapestry has been named to USA Today's 2024 America's Climate Leaders list, highlighting its commitment to sustainability within the fashion industry.

The company focuses on using environmentally preferred materials, such as recycled leather and post-consumer denim, aligning its efforts with the Science Based Targets Initiative (SBTi).

Significant achievements include a 57% reduction in Scope 1 & 2 GHG emissions and a 24% decrease in Scope 3 Forest, Land, and Agriculture (FLAG) emissions since FY2021.

Tapestry aims to continue its innovative and collaborative approach to sustainability, reinforcing the importance of responsible luxury.

On June 6, 2024, Coach celebrated 'Dream Day,' an event organized by the Coach Foundation's Dream It Real initiative in collaboration with Coachtopia, a sub-brand focused on circular craft and creativity. The event emphasized supporting young people through high-impact scholarships and funding for climate leaders. The theme 'Dreaming Tomorrow' included talks and workshops led by Gen Z activists and creatives.

Attended by 200 participants, mostly Dream It Real Scholars receiving four-year scholarships, the event also introduced the Dream It Real x Coachtopia Scholars Program, supporting undergraduates committed to sustainability. A highlight was the teaser screening of 'Asali: Power of The Pollinators,' an animated film about environmental protection, followed by a panel discussion with the cast.

Coach aims to continue expanding its support, targeting 10,000 scholarships by 2030, demonstrating a strong commitment to empowering young people and fostering a sustainable future.

Tapestry, through its Coach brand, celebrated Teacher Appreciation Week by hosting pop-up shopping events for 1,500 teachers across four US cities: Miami, Chicago, New York, and San Jose. This initiative, done in collaboration with Soles4Souls, provided educators with complimentary styling sessions and products. Over 160 Coach store team members volunteered to assist in these events, adding a personalized touch with thank you notes and warm welcomes. Testimonials from participating teachers highlighted the emotional impact and gratitude felt due to the generosity of Coach’s efforts.

Coach, in collaboration with Blue Star Families, celebrated National Military Spouse Appreciation Day by hosting events in Jacksonville, FL, and New York City's Hudson Yards HQ.

In Jacksonville, 100 military spouses attended a pop-up shop featuring Coach products and received a behind-the-scenes tour of Tapestry's fulfillment center, meeting key Tapestry leaders.

In New York, another 100 military spouses participated in a similar pop-up shop and attended a panel discussion featuring Coach CEO Todd Kahn and Tapestry Chief Inclusion and Social Impact Officer David L. Casey.

This marks the second consecutive year Tapestry's Jacksonville center has collaborated with Blue Star Families, contributing gifts to over 3,000 military community members.

Tapestry has been named to the 2024 TIME100 Most Influential Companies list, celebrating its impact across various industries through innovation, ambition, and success. This recognition underscores Tapestry's commitment to consumer-focused progress and creating a sustainable, equitable future.

The TIME100 list results from a rigorous selection process involving nominations from various sectors and evaluations by TIME editors based on impact, innovation, ambition, and success.

Tapestry's portfolio includes iconic brands like Coach, Kate Spade New York, and Stuart Weitzman, known for quality and innovation. This accolade highlights Tapestry's efforts in sustainability, social impact, equity, inclusion, and diversity, affirming the company's positive trajectory and potential for future achievements.

Tapestry has highlighted Trinicia Perch's career journey from product packaging to managing the company's Global Employee Business Resource Group (EBRG) Programs. With over 15 years in packaging roles across Coach and Tapestry, Trinicia leveraged her leadership experience and passion for equity, inclusivity, and diversity to transition into her current role. Tapestry emphasizes creating equal growth opportunities for all employees, supported by EBRGs that provide community, support, and professional development. These groups champion diversity, equity, and inclusion, helping employees navigate career development and mentorship.

Tapestry announced that David L. Casey, its Chief Inclusion & Social Impact Officer, has been named to Savoy Magazine's 2024 list of the 100 Most Influential Executives in Corporate America for the second consecutive year.

Casey oversees Tapestry's Equity, Inclusion and Diversity strategy and its Social Impact programs, including advocacy, philanthropy, impact investing, and volunteerism.

The selection process for the list is rigorous, considering corporate influence, scholastic achievement, career growth, community outreach, and recognition. This year's list features over 300 professionals from various industries.

Casey has over 20 years of experience in corporate diversity and holds advisory roles in multiple national organizations. He is also a U.S. Marine Corps veteran.

On May 24, 2024, Tapestry announced that Eric Chavous, their Senior Manager and Counsel, has been selected for the Minority Corporate Counsel Association’s (MCCA) 2024 Sources of Success Program. This program is a competitive professional development opportunity for mid-career attorneys, with only about 30 participants selected annually from legal departments and law firms across the U.S. It aims to cultivate leadership skills. Eric, who has been with Tapestry for over three years, supports the Contracts and Intellectual Property teams and has had notable achievements, including presenting on NFTs to Tapestry's Executive Committee. Tapestry celebrates this recognition as a testament to their commitment to fostering professional growth.

Tapestry, a global house of brands including Coach, kate spade new york, and Stuart Weitzman, has been recognized as one of America's 50 most community-minded companies by Points of Light for the second consecutive year. Tapestry was also named Sector Leader in the Consumer Discretionary industry. The company emphasizes making the fashion industry more sustainable and ensuring equity, inclusivity, and diversity.

Tapestry's strategic social impact includes achieving 100,000 volunteer hours by 2021, with a new goal of 500,000 by FY2030, and donating $75 million to nonprofits by FY2025. The Coach Foundation’s 'Dream It Real' program has supported over 170,000 young people and funded 5,279 scholarships. Kate Spade's 'On Purpose' initiative in Rwanda empowers women, providing full-time employment and mental health training to over 250 women. Stuart Weitzman's 'Bold Movers' program partners with Vital Voices to support gender equity initiatives.

For more information, visit Tapestry's website.