Sunday, September 19, 2010

Week 3 - Ethics and Social Responsibility

From its foundation in 1837, Tiffany & Co. has been always socially and environmentally responsible company. Tiffany & Co. has established a Code of Business Ethics in order to help employees to identify what the company recognizes as acceptable business practices.
 Also, the Tiffany & Co. Foundation was established in 2000 to focus the company's philanthropic endeavors by providing grants to nonprofit organizations working in two main program areas: the environment and the arts.The mission of its environmental program is to support organizations dedicated to the conservation of natural resources in the ares of responsible mining, coral conservation and land protection. The mission of their art program is to advance the arts by supporting the critically important work of educational, artistic and cultural institutions. In the United States, Tiffany & Co. is also working to support reform of the General Mining Law of 1872 and to pass legislation to assist in cleaning up abandoned hard rock mines.
In order to improve the environment and to minimize the negative effects on the physical environment Tiffany & Co. is using only Forest Stewardship Council (FSC)-certified packaging materials and catalogs. FSC certification assures that wood and paper products come from renewable and well-managed resources. Also Tiffany & Co. is focused on energy conservation. As a part of the Climate Leaders program, the company is working on developing comprehensive climate change strategies.

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