Page 332

ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) RATING ■

The jewellery industry has entrenched ESG challenges such as human rights abuses and environmentally remonstrable mining operations.

The 2006 movie “Blood Diamond”, starring Leonardo DiCaprio, put phrases such “blood diamonds” and “conflict diamonds” into people’s consciousness globally.

One of the key reasons for Tiffany’s pursuit of a vertically integrated business model is to lead the industry in ethically produced jewellery. As former CEO Frédéric Cuménal noted that “traceability is the best means of ensuring social and environmental responsibility”*.

We encourage the readers of this presentation to download Tiffany’s latest Sustainability Report which details its progress on many of the 17 UN Sustainable Development Goals: http://www.tiffany.com/ sustainability

Below we show Thomson Reuters Eikon’s ESG score for Tiffany**:

A ESG SCORE

332

* https://hbr.org/2017/03/tiffanys-ceo-on-creating-a-sustainable-supply-chain ** Tiffany ESG scores for period ending 31 January 2017

Profile for Richard

Elevation Capital Research Annual 2018  

Elevation Capital Research Annual 2018