We integrate sustainability throughout our Company through a strong accountability system that includes oversight from the Corporate Social Responsibility (CSR) Committee of our Board of Directors and our Chief Sustainability Officer, who sets our strategic sustainability agenda along with the CEO and Senior Management. We also have policies and practices to guide our operations, including policies on ethical conduct, political contributions and lobbying.

The Tiffany & Co. Internal Audit Department, the head of which reports to the Audit Committee of the Board of Directors, provides independent, objective assurance and control advisory services to the Company to evaluate the effectiveness of risk management, control and governance processes.

We have established training programs to help ensure that employees are operating in an ethical fashion. We also have global reporting mechanisms and a dedicated Global Compliance and Privacy team within Tiffany’s Legal department, in addition to the Board-level oversight referenced above, to help ensure accountability. 

We periodically undertake a sustainability materiality analysis to refine our strategic approach to operating our business in an environmentally and socially responsible way. We conduct this assessment approximately once every five years; and we recently undertook our third materiality analysis in 2018, during which we engaged with more than 600 internal and external stakeholders. We plan to integrate the results of this analysis across our Company in order to enhance our ability to create the greatest positive change.

Tiffany & Co. sustainability reporting, including documents or reports incorporated on Tiffany & Co.’s Tiffany.com/Sustainability website by reference, contains certain “forward-looking statements” concerning Tiffany & Co.’s goals, plans and projections with respect to corporate responsibility, sustainability, employees, environmental matters, policy, procurement and business risks and opportunities. In addition, Tiffany & Co. makes other forward-looking statements concerning sustainability objectives and expectations. One can identify these forward-looking statements by the fact that they use words such as “believes,” “intends,” “plans,” “strives,” “seeks,” “commits,” “pledges” and “expects” and other words and terms of similar meaning and expression in connection with any discussion of future sustainability initiatives and objectives. One can also identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. Such forward-looking statements are based on Tiffany & Co.’s current plan and involve inherent uncertainties and assumptions that could cause actual outcomes to differ materially from the current or reported plan. Tiffany & Co.’s forward-looking statements and goals are not guarantees or promises that the goals will be met. The statistics and metrics included in Tiffany & Co.’s sustainability reporting may be reported as estimates and may be based on assumptions or developing standards. The standards and codes of conduct for third-party suppliers are not guarantees that suppliers will follow the codes in all instances, and suppliers bear primary responsibility for meeting Tiffany & Co.’s standards and expectations. Actual results may differ materially from any forward-looking statement.