Tapestry Inc.

Coach New York, Kate Spade New York, Stuart Weitzman
New York
Retailing

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Tapestry scored a 95 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Tapestry increases the risk of dividing employees, alienating customers and harming shareholders. The company provides a benefits package for employees which covers transgender medical procedures for covered employees and dependents, including children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Tapestry forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. The company’s CEO signed Catalyst's Champions for Change pledge, indicating its support of DEI in its leadership composition through the establishment of gender and racial targets. Tapestry participated in the CEO Action Check Your Blind Spots Unconscious Bias Bus Tour to encourage employees to address unconscious biases in the workplace. The company supports the Equality Act, a controversial bill. Tapestry's CEO is a member of the Business Roundtable. The company opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. Tapestry’s CEO, Joanne C. Crevoiserat, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. The company partners with the Hetrick-Martin Institute, the Point Foundation, and CenterLink to support LGBTQ causes. The Coach Foundation, a subsidiary of Tapestry Inc. donated $150,000 to the Henrick-Martin Institute to support LGBTQ causes. Kate Spade donated $150,000 to The Trevor Project launched a Pride Campaign with The Trevor Project to launch the "Stories of Pride". Tapestry is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race. For these reasons, Tapestry Inc. receives a High Risk rating.

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