Tapestry Signs 10-Year Carbon Removal Deal with Climeworks for First Purchase

Tapestry, Inc. has committed to a 10-year carbon removal agreement with Swiss direct-air-capture company Climeworks, marking the luxury group's first purchase of carbon removals and a strategic move to address Scope 1 emissions and support long-term climate targets. Climeworks announced the partnership from Zurich in a press release dated February 17, 2026, and described the deal as granting Tapestry access to its most diversified carbon removal portfolio to date.

Tapestry, Inc. is the parent company of Coach and kate spade new york and is listed on the NYSE as TPR. The company’s Global Head of ESG & Sustainability, Logan Duran, framed the decision in terms of corporate accounting and market development: “Working with Climeworks allows us to address our Scope 1 emissions through high‑quality carbon removal, while supporting innovation and market development in this emerging climate solution space.”

Climeworks positioned the agreement as both sectoral signal and technical offering. Adrian Siegrist, Chief Commercial Officer at Climeworks, said, “We’re excited to collaborate with Tapestry, a leader in the fashion industry. This partnership highlights the retail sector’s increasing dedication to climate action and reinforces Climeworks’ leadership in delivering diversified carbon removal portfolios. Companies are looking for high‑quality, varied solutions to reduce risk and ensure reliable delivery, and Climeworks is well positioned to meet that demand.” On the mechanics of that diversification, Siegrist added, “Our general approach is to combine nature‑based solutions, such as reforestation, mangroves and biochar, which can deliver near‑term impact and important land or biodiversity co‑benefits, with engineered solutions like direct‑air capture, BECCS and enhanced rock weathering, that provide long‑term storage, low reversal risk and highly measurable and traceable outcomes.”

Climeworks and coverage of the deal describe the portfolio as integrating five advanced carbon removal pathways, mixing engineered and nature-based approaches. Examples cited across communications include direct air capture, BECCS, enhanced rock weathering, reforestation, mangrove restoration, biochar, enhanced mineralisation processes, and renewable energy generation with permanent CO2 storage. No single public source enumerates the exact five pathways contracted under Tapestry’s agreement, but Climeworks emphasized diversification to mitigate delivery risk and accelerate infrastructure build-out.

The partnership also carries sector implications: multiple outlets and Climeworks’ social posts noted that Tapestry is Climeworks’ first North American customer in the retail and consumer goods sector. Climeworks framed the announcement at GreenBiz events with LinkedIn messaging that referenced “Live from #GreenBiz26!” and highlighted the 10-year, science-based nature of the commitment. The fashion sector precedent includes earlier industry deals such as H&M’s 2022 contract to offset 10,000 tons of CO2.

Commercial specifics remain undisclosed. Sources do not report contracted volumes in tonnes, price per tonne, total contract value, project locations, or delivery schedules. Adrian Siegrist argued that “Long‑term partnerships like this directly support the growth and maturation of the carbon removal market. By committing to a diversified set of solutions, Tapestry is helping drive innovation, infrastructure build‑out and learning across multiple carbon removal pathways, accelerating scale and lowering barriers for future adopters.” For fashion houses balancing material craft with measurable climate action, Tapestry’s decade-long offtake is a notable industry bet; the real measure of its impact will depend on the undisclosed volumes and delivery timelines that have yet to be revealed.