Tapestry celebrates the honor, the first time the company has taken part in the annual Points of Light survey
Submitted by Tapestry, Inc.
NEW YORK, May 24, 2023 /CSRwire/ - Tapestry, Inc. (NYSE: TPR), a leading New York-based house of iconic accessories and lifestyle brands consisting of Coach, kate spade and Stuart Weitzman, today was named by Points of Light a 2023 honoree of The Civic 50, recognizing the top community-minded companies in the United States according to an annual survey. Points of Light is dedicated to accelerating people-powered change.
Now in its eleventh year, The Civic 50 is a national standard for corporate citizenship and showcases how leading companies are moving social impact, civic engagement and community to the core of their business. The Civic 50 honorees are companies with annual U.S. revenues of at least $1 billion and are selected based on four dimensions of their corporate citizenship and social impact programs: investment of resources and volunteerism, integration across business functions, institutionalization through policies and systems and impact measurement.
Tapestry is on a journey to create a values-driven, people-centered company that balances true fashion authority with meaningful, positive change. The company and its house of brands put corporate citizenship at the core of its business, through its work in social impact, sustainability and equity and inclusion.
“Tapestry and our brands are driven by a shared purpose to stretch what’s possible for our people, our planet, and our communities. We believe that by working to address some of the most pressing issues facing our communities and planet – including empowering diverse voices and talent, providing resources around mental health and well-being, and improving sustainability in the fashion industry –we can build a better-made future for all,” said Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc.
In 2023, Points of Light recognized Tapestry for its work in several key areas, across its three brands:
VOLUNTEERING and GIVING
ACCESS and INCLUSIVITY
“Companies play a critical role in creating thriving, participatory communities,” said Diane Quest, interim president and CEO, Points of Light. “Companies like Tapestry set a model for others, showing how to best use employee talent, business assets and integration to create meaningful impact, and we’re thrilled to uplift and celebrate their work as an honoree of The Civic 50 2023.”
The Civic 50 survey is administered by True Impact, and the results are analyzed by VeraWorks. The survey instrument consists of quantitative and multiple-choice questions that inform the scoring process. The Civic 50 is the only survey and ranking system that exclusively measures corporate community engagement.
Andrea Shaw Resnick
Chief Communications Officer
Analysts and Investors:
Global Head of Investor Relations
Director of Investor Relations
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About Tapestry, Inc.
Our global house of brands unites the magic of Coach, kate spade new york and Stuart Weitzman. Each of our brands are unique and independent, while sharing a commitment to innovation and authenticity defined by distinctive products and differentiated customer experiences across channels and geographies. We use our collective strengths to move our customers and empower our communities, to make the fashion industry more sustainable, and to build a company that’s quitable, inclusive, and diverse. Individually, our brands are iconic. Together, we can stretch what’s possible. To learn more about Tapestry, please visit www.tapestry.com. The Company’s common stock is traded on the New York Stock Exchange under the symbol TPR.
About Points of Light
Points of Light is a nonpartisan, global nonprofit organization that inspires, equips and mobilizes millions of people to take action that changes the world. We envision a world in which every individual discovers the power to make a difference, creating healthy communities in vibrant, participatory societies. Through 145 affiliates across 39 countries, and in partnership with thousands of nonprofits and corporations, Points of Light engages 3.7 million people in 16.7 million hours of service each year. We bring the power of people to bear where it’s needed most. For more information, visit pointsoflight.org.
Tapestry, Inc. is a New York -based house of modern luxury lifestyle brands. The Company’s portfolio includes Coach, Kate Spade and Stuart Weitzman . Our Company and our brands are founded upon a creative and consumer-led view of luxury that stands for inclusivity and approachability. Each of our brands are unique and independent, while sharing a commitment to innovation and authenticity defined by distinctive products and differentiated customer experiences across channels and geographies. To learn more about Tapestry, please visit www.tapestry.com. The Company’s common stock is traded on the New York Stock Exchange under the symbol TPR.
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