Victor Luis: Corporate Responsibility Is Just Good Business

Tapestry Inc. has chosen today, Earth Day, to unveil its corporate responsibility goals for 2025. It is also launching Our Social Fabric, a microsite focused on its sustainability and social governance program. The goals are published in the group’s annual Corporate Responsibility Report, a concisely drawn document that reviews Tapestry’s performance for fiscal 2018 while articulating an ambitious forward plan for the group and its portfolio of brands, which includes Coach, Kate Spade and Stuart Weitzman. “We’ve made tremendous progress over the past five years and now have simply upped the ante,” said chief executive officer Victor Luis. Tapestry has articulated three broad-stroke values — Optimism, Innovation and Inclusivity — which Luis maintains inform all of the group’s endeavors, whether operational or philosophical. The report and 2025 goals thus emanate from that triad. In a sense, one can apply the third value, Inclusivity, not only to its most obvious incarnation of developing a diverse workforce that operates in an open-minded, welcoming setting, but to an holistic approach to corporate citizenship. Increasingly, major groups and brands are viewing corporate responsibility as inclusive of concern for the environment and concern for people — employees, consumers and those employed at various points along the supply

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