Tapestry : Corporate Responsibility Report 2022

The Fabric of Change

Corporate Responsibility Report FY2022

ContentsIntroduction      Our People      Our Planet      Our Communities      Governance      Appendix      Frameworks

Contents

03 19

INTRODUCTION		OUR PLANET
03	CEO Letter		20	Highlights
04	The Fabric of Change		21	Engaging Our Suppliers
05	Awards and Recognition		22	Climate Change
07	Our Brands	10	25	Biodiversity
		26	Water
		28	Material Traceability and
			Responsible Sourcing
		32	Waste and Recycling

OUR PEOPLE

11 Highlights

1. Possibilities for Everyone

1. Futures with Tapestry

36

OUR COMMUNITIES

1. Highlights
2. Our Collective Giving
3. The Tapestry Foundation
4. Tapestry Gives
5. Our Brands' Social Impact

46 Supporting Workers in 0ur Supply Chain

47

GOVERNANCE

1. ESG Oversight
2. Business Ethics and Compliance

50

APPENDIX

51 Progress Against Our 2025 Goals and Beyond

1. Materiality Assessment and Stakeholder Engagement
2. Supplier Environmental Performance

57

FRAMEWORKS

1. Task Force On Climate-Related Financial Disclosures (TCFD)
2. Sustainability Accounting Standards Board (SASB)

63 Global Reporting Initiative (GRI)

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Contents      IntroductionOur People      Our Planet      Our Communities      Governance      Appendix      Frameworks

CEO LETTER

"We believe being responsible

is a business imperative

- not a choice".

JOANNE C. CREVOISERAT

Over the course of my three-decade career in the fashion and retail industries, I've witnessed time and again the power of a clear, shared purpose. Whether in times of uncertainty or triumph, a strong purpose provides a path forward, galvanizing people and organizations to tackle seemingly insurmountable challenges.

Today, with growing urgency around climate change, the ripple effects from the global pandemic, and other pressing social issues, it has never been more important for Tapestry to live our purpose: Stretch What's Possible.

By embracing new perspectives, experiences and ideas, we believe that we can Stretch What's Possible for our business and build a better-made future for all.

To us, a better-made future is one that is both beautiful and responsible. Every day, our brands

- Coach, kate spade and Stuart Weitzman - create beautiful products that are made to last and delight customers. And we're uncovering methods to do that in increasingly sustainable and inclusive ways - from partnering with World Wildlife Fund(WWF) to help combat deforestation, to working to improve traceability for our leather, or expanding our Employee Resource Groups (ERGs) to empower greater diversity of perspectives within each of our brands and across Tapestry.

Building this future requires us to hold ourselves and our industry accountable and focus on action. In the four years since we launched our bold 2025 goals, we've continued to measure our progress and push ourselves to raise the bar even higher. In fact, we set an ambitious goal to drive positive impact in the communities where we live and work through our commitment to completing 100,000 volunteer hours by 2025, and we met our goal two and half years early. We've now set our sights even higher and believe we are on track to reach 500,000 volunteer hours by 2030.

I'm proud of the work we've done to date, and I'm excited for the next chapter in our efforts toward a more sustainable and inclusive fashion industry: the Fabric of Change.

The Fabric of Change encompasses how we'll weave together our business ambitions with our commitments to overcome some of the most pressing issues facing our industry and society at large. By taking action today, we aim to strengthen the future of our business and, more importantly, protect the wellbeing of our planet, our people and our communities.

The people of Tapestry will continue to Stretch What's Possible, and I hope you join us on this journey.

Joanne C. Crevoiserat

Tapestry, Inc. Chief Executive Officer

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Contents      IntroductionOur People      Our Planet      Our Communities      Governance      Appendix      Frameworks

The Fabric of Change

At Tapestry we have a vision for a Better Made Future...

Our previous corporate responsibility strategy, Our Social Fabric, was a way to bring together teams across our business to meet common goals and a shared objective: to create a purpose-led,people-centered company that balances true fashion authority with meaningful, positive change.

We've evolved this strategy into the Fabric of Change, which better reflects our accelerated ambitions and desire to make every beautiful choice a responsible choice.

We are shaping lifestyles to contribute to a culture of change that will help us realize

1. better-madefuture. Our Social Fabric was intertwined with the fabric of the natural world
   - the fabric of climate and finite resources - to create a stronger initiative that will endure so that responsible choices don't come at the cost of beautiful choices; the Fabric of Change is where these ideals and actions converge.
   Where minds are opened, behaviors shift and transform, and industry innovation and systems shake off the norms of the past and explore what the future can hold - to truly Stretch What's Possible.

As part of our expanded ambitions, we submitted new greenhouse gas (GHG) emissions targets to the Science-BasedTargets initiative (SBTi), to reduce absolute Scope 1, 2 & 3 GHG emissions by 42.5% below FY2021 levels by FY2030,

and elevated our employee volunteerism goal to achieving 500,000 volunteer hours globally by 2030.

We also rolled out new environmentally preferred material targets focused on our key raw materials. For more information, see our material traceability and responsible sourcing section.

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Contents      IntroductionOur People      Our Planet      Our Communities      Governance      Appendix      Frameworks

Awards and Recognition

kate spade new york
received the National	Tapestry IT Team achieved
Council for Mental	the Visionary Award at the
Wellbeing's 2022	Fearless Innovators Awards
Mental Health First Aid	presented by LogicMonitor
Partnership Award

Ranked #10 on Newsweek

America's Most Responsible

Companies 2023

HR Asia Best

Companies to Work

for in Asia 2022

• Vietnam, China and Malaysia

Great Place to Work U.S.-Certified for 2022

David L. Casey received Engagedly Inc.'s "Top 100 HR Influencers of 2022"

#8

Coach was ranked #8 in the Kearny Circular Fashion Index (CFX)

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