Company Directory - Tiffany & Co.
Company Details - Tiffany & Co.
Tiffany & Co.
WebsiteNew York, United States
Tiffany & Co. is a renowned American luxury jewelry retailer known for its high-quality diamonds and sterling silver.
CCI Score
CCI Score: Tiffany & Co.
27.30
-0.02%
Latest Event
Tiffany & Co. Supply Chain and Labor Practices Assessment
An evaluation of Tiffany & Co.'s supply chain transparency and labor practices, highlighting improvements in sustainable sourcing and human rights protections, while noting historical transparency issues regarding conflict diamond sourcing.
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DISSENTER
Tiffany & Co. is currently rated as a Dissenter.
Latest Events
- JAN132024
An evaluation of Tiffany & Co.'s supply chain transparency and labor practices, highlighting improvements in sustainable sourcing and human rights protections, while noting historical transparency issues regarding conflict diamond sourcing.
+70
Labor Relations and Human Rights Practices
March 19
Tiffany & Co. has implemented a robust Code of Conduct and strict protocols to ensure worker safety, fair labor practices, and the prevention of human rights abuses. Their high ranking from responsible sourcing reports reflects a strong commitment to labor rights, even if historical issues exist.
How Ethical Is Tiffany & Co. Jewelry? A Supply Chain Analysis
+60
Supply Chain Ethics
March 19
Tiffany & Co. has significantly improved its supply chain transparency by implementing strict sourcing protocols and sustainability initiatives since 2019. However, historical opacity regarding material sources and conflict diamond sourcing suggests room for further improvement.
How Ethical Is Tiffany & Co. Jewelry? A Supply Chain Analysis
- SEP282023
Tiffany & Co. removed an advertisement that was perceived to support Hong Kong protesters after facing backlash from Chinese consumers. This decision reflects a capitulation to authoritarian market pressures, effectively prioritizing economic interests in a censorship-heavy environment.
- MAR202020
Tiffany & Co.'s extensive 2019 sustainability report highlights the company's commitment to responsible sourcing, robust labor practices, diversity and inclusion, and environmental stewardship. The report documents initiatives such as opposing harmful mining projects, publishing transparent supplier codes, and engaging in philanthropic efforts that support local communities and conserve natural habitats.
+70
Public and Political Behavior
March 19
Under Public and Political Behavior, Tiffany & Co. demonstrates proactive engagement by publicly opposing projects that threaten environmental and community well‑being (e.g., the Pebble Mine in Alaska). The company maintains transparent political spending disclosures and adheres to ethical governance practices, indicating a responsible approach to political engagement without complicity in authoritarian practices.
+90
Business Practices and Ethical Responsibility
March 19
In terms of Business Practices and Ethical Responsibility, Tiffany & Co. excels with its comprehensive approach to responsible sourcing, robust supplier standards, commitment to fair labor practices, and active promotion of diversity and inclusion. The company’s efforts in ensuring traceability of raw materials and adherence to high ethical standards underpin its strong positive score in this category.
+75
Economic and Structural Influence
March 19
Regarding Economic and Structural Influence, Tiffany & Co. has made significant contributions to local economic development through responsible mining collaborations and philanthropy. The company’s commitment to sustainability initiatives, such as ensuring economic beneficiation in key regions and investing in renewable energy and environmental conservation projects, supports its positive influence without engaging in regulatory capture or complicity with authoritarian regimes.
- JAN012020
Tiffany & Co. announced its Diamond Source Initiative aimed at providing unprecedented transparency in the diamond supply chain, ensuring that each diamond is responsibly sourced and ethically tracked from the mine to the market.
+80
Supply Chain Ethics
March 19
Tiffany & Co.'s new Diamond Source Initiative underscores a significant commitment to supply chain ethics by tracing every diamond's origin. This transparency not only supports consumer rights but also promotes responsible sourcing practices, aligning with anti-fascist values of corporate accountability and human rights protection. Such initiatives counter opaque practices that can underpin exploitative systems.
Tiffany & Co. ushers in new era of diamond supply chain transparency | Supply Chain Magazine
- JAN092019
Tiffany and Co. announced an initiative to share the origins of all newly-sourced diamonds above 0.18 carat, aiming to enhance supply chain transparency and mitigate risks associated with conflict diamonds, forced labor, and environmental harm.
+80
Supply Chain Ethics
March 19
Tiffany’s decision to disclose the origins of its diamonds is a significant improvement in supply chain ethics. This transparency initiative helps mitigate the risks of conflict diamonds and associated human rights abuses, thereby aligning the company with higher ethical sourcing standards.
Tiffany and Co. Announces New Diamond Transparency - Business & Human Rights Resource Centre
- DEC312018
Analysis of Tiffany & Co.'s political contributions, lobbying expenditures, and revolving door tendencies. The company spent $102,552 in contributions and approximately $320,000 in lobbying in both 2017 and 2018, with all reported lobbyists having prior government experience, suggesting deep entanglement with political processes that may favor authoritarian influences.
-30
Public and Political Behavior
March 19
Tiffany & Co.'s political activity, as detailed by their contribution and lobbying expenditures, reflects an active engagement in influencing political processes. The fact that all of their lobbyists in 2017 and 2018 had prior government roles underscores a revolving door dynamic that raises concerns about corporate complicity in undermining democratic accountability. Such practices can enable the company to foster conditions favorable to authoritarian control, despite the relatively moderate size of the expenditures.
- FEB092018
Tiffany & Co. has been recognized for its strong ethical practices in supply chain management and labor rights, earning the highest ranking in an ethics report based on its transparent sourcing strategies and rigorous human rights due diligence.
+90
Labor Relations and Human Rights Practices
March 19
Tiffany & Co. demonstrated robust adherence to human rights and labor practices by engaging in detailed supplier audits and establishing a clear Supplier Code of Conduct. Their proactive steps in monitoring and addressing labor conditions, along with transparent self-assessments carried out by their suppliers, strongly support fair labor practices and human rights, which aligns positively with anti-authoritarian values.
+90
Supply Chain Ethics
March 19
The report underlines Tiffany & Co.'s exemplary supply chain ethics. By ensuring full chain of custody over its gold and maintaining significant controls over diamond sourcing processes, the company establishes reliable measures against exploitation and unethical practices. This transparency in procurement and clear adherence to rigorous supplier standards reinforce its commitment to ethical business practices.
- FEB082018
The Human Rights Watch report 'The Hidden Cost of Jewelry' praises Tiffany & Co. for robust supply chain ethics and human rights due diligence. Notably, the company has achieved full chain-of-custody for its newly mined gold and employs rigorous supplier assessments to mitigate labor abuses in its global sourcing network.
+80
Supply Chain Ethics
March 19
Tiffany & Co. demonstrates strong supply chain ethics by ensuring full traceability of its newly mined gold and by implementing strict due diligence protocols over its complex supply chains. This minimizes the risk of complicit human rights abuses, setting the company apart from peers who rely on less comprehensive measures.
+70
Labor Relations and Human Rights Practices
March 19
The report acknowledges that Tiffany & Co. actively assesses and mitigates labor and human rights risks within its supply chain. Its continuous monitoring and supplier engagement ensure that labor practices meet high ethical standards, reducing the potential for exploitation and abuse.
- MAY092017
Tiffany & Co. issued a bold statement urging President Trump to maintain the US commitment to the Paris Climate Agreement, signaling the brand's opposition to policies that undermine climate action and democratic accountability.
+80
Public and Political Behavior
March 19
Tiffany & Co.'s public statement across multiple platforms is a clear example of executive political engagement. By openly urging the Trump administration to remain in the Paris Agreement, the company takes a stand that aligns with progressive values and a commitment to addressing climate change. This move challenges authoritarian tendencies by advocating for global cooperation on environmental issues, a stance that resonates with anti-fascist perspectives.
Tiffany & Co. Is Sending a Message to Trump — And Not Everyone Is Happy About It
- MAY092017
Tiffany & Co. made a rare political move by using its influential platform to urge President Trump to keep the US in the Paris Climate Agreement. This action represents a proactive political stance favoring sustainability and democratic accountability, contrasting with authoritarian policies.
+80
Public and Political Behavior
March 19
Tiffany & Co.'s social media plea and participation in full-page political ads to support the Paris Climate Agreement indicate a strong engagement in public and political behavior that upholds democratic and sustainable practices. This initiative directly challenges authoritarian shifts in policy by advocating for climate action. Their long-standing ties with influential political figures further amplify the significance of this political statement.
- MAR312004
Tiffany & Co. leveraged its market influence to advocate for higher environmental and labor standards in the mining industry, including public opposition to harmful mining projects and initiatives to develop responsible mining certifications.
+75
Public and Political Behavior
March 19
Tiffany & Co. demonstrated proactive political engagement by using its influence to challenge mining projects that could harm workers and the environment. Its public actions, including a full‐page advertisement urging regulators to reject the Rock Creek Mine, reflect a robust stance on responsible corporate political behavior, positively influencing policy debates.
+85
Business Practices and Ethical Responsibility
March 19
The company actively reformed its supply chain by insisting that mining partners adhere to higher social and environmental standards, thereby protecting worker rights and ensuring ethical sourcing of precious metals. This initiative not only mitigated reputational risk but also set a benchmark for responsible business practices in the luxury industry.
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