UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM SD

SPECIALIZED DISCLOSURE REPORT

Maryland		1-16153
(State or other jurisdiction of		(Commission file number)
incorporation)

Check the appropriate box to indicate the rule pursuant to which this form is being filed:

☒ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2021.

Section 1 - Conflict Minerals Disclosure

Item 1.01 Conflict Minerals Disclosure and Report

Tapestry, Inc. (“Tapestry”) has filed this Form SD as required by Rule 13p-1 under the Securities Exchange Act of 1934, as amended, because, during the calendar year ended December 31, 2021, Tapestry contracted to manufacture certain products that contained “conflict minerals” necessary to their functionality or production. Conflict minerals are defined by the Securities and Exchange Commission as columbite-tantalite (coltan), cassiterite, gold, wolframite, or their derivatives, which are limited to tantalum, tin, and tungsten. Based on a reasonable country of origin inquiry, Tapestry performed additional due diligence and filed a Conflict Minerals Report.

Information concerning necessary conflict minerals from recycled or scrap sources that may be contained in Tapestry’s in-scope products is included in the Conflict Minerals Report and is incorporated in this Form SD by reference.

The Conflict Minerals Report, filed as Exhibit 1.01 hereto, is also publicly available at: www.tapestry.com/investors/ under the Conflict Minerals Policy section. The information maintained or referenced on Tapestry’s or any of its brands’ websites is not incorporated by reference into this Form SD or the Conflict Minerals Report and should not be considered part of this Form SD or the Conflict Minerals Report.

Items 1.02 Exhibit

The Conflict Minerals Report described in Item 1.01 is filed as Exhibit 1.01 to this Form SD.

Section 2 – Resource Extraction Issuer Disclosure

Item 2.01 Resource Extraction Issuer Disclosure and Report

Not applicable.

Section 3 – Exhibits

Item 3.01 Exhibits

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.

TAPESTRY, INC.

By:	/s/ David E. Howard		May 31, 2022
	David E. Howard
	General Counsel & Secretary

Tapestry, Inc.

Conflict Minerals Report

For the Calendar Year Ended December 31, 2021

This report has been prepared pursuant to Rule 13p-1 under the Securities Exchange Act of 1934, as amended, and Form SD (collectively, the “Conflict Minerals Rule”) for the reporting period from January 1 to December 31, 2021, and relates to the process undertaken for Tapestry, Inc. (“Tapestry” or the “Company”) products that were contracted to be manufactured during calendar 2021 and that contain gold, tantalum, tin and/or tungsten (collectively the “3TG minerals”) that is necessary to the functionality or production of the products.

Tapestry, Inc. (the "Company") is a leading New York-based house of modern luxury accessories and lifestyle brands. Our global house of brands unites the magic of Coach, kate spade new york (“Kate Spade”) and Stuart Weitzman. The information maintained or referenced on Tapestry’s or any of its brands’ websites is not incorporated by reference into this Conflict Minerals Report or the Form SD, of which it is a part, and should not be considered part of this Conflict Minerals Report or the Form SD.

Tapestry determined that it is subject to the requirements of the Conflict Minerals Rule because of the degree of influence that it exercises over the design, materials, and components of some of its products that contain necessary 3TG minerals. None of Tapestry’s brands directly manufacture products but instead “contract to manufacture,” and are far removed from the sources of ore from which 3TG metals are produced and the smelters or refiners (“SORs”) that process those ores. The efforts undertaken to identify the origin of those ores reflect Tapestry’s position in the supply chain.

The products covered by this Report include the following, although not all of Tapestry’s products in each of these categories are in-scope for purposes of its compliance:

●	Fashion Accessories

Tapestry’s in-scope products for 2021 contain tin, gold, tungsten and tantalum. However, each in-scope product did not contain all four of the 3TG minerals.

For 2021, Tapestry identified 213 suppliers of potentially in-scope products.

Tapestry has a policy for the supply chain of 3TG minerals (the “Conflict Minerals Policy”).

Consistent with its belief in the dignity of, and respect for, individuals, as demonstrated in its policies on labor practices, Tapestry is concerned with the potential humanitarian abuses involved in the mining of these minerals and subsequent financing of armed conflict, and takes its obligations under the Conflict Minerals Rule seriously. As such, Tapestry strives to deliver products to its consumers manufactured in an ethical way consistent with its humanitarian beliefs and to be compliant with the laws in the countries in which it operates.

Tapestry continues to strive toward a supply chain that contains 3TG minerals that are from sources that are Conformant (as defined later in this Conflict Minerals Report). Tapestry does not ban the procurement of 3TG minerals from the Democratic Republic of the Congo (the “DRC”) and adjoining countries, but seeks to source from responsible conflict-free sources in the region.

To enable its commitment to responsible 3TG minerals sourcing, Tapestry has adopted the following practices, in addition to the other practices discussed in this Conflict Minerals Report:

●	Instituted an assessment of its supply chain to identify areas where there is a high probability of 3TG mineral use;
●	Collaborates with suppliers to confirm 3TG mineral usage and potential sources of these minerals;
●	Works with its suppliers through the product development process to understand the likelihood of 3TG minerals being incorporated into the design;
●	Requires the distribution of Tapestry’s Conflict Minerals Policy and the CMRT (as defined later in this Conflict Minerals Report) to all new and current suppliers; and
●	Expects its suppliers to adopt policies with respect to 3TG minerals consistent with Tapestry’s stance.

Tapestry expects its suppliers to adhere to the following guidelines when procuring 3TG minerals for use in Tapestry products:

●	Suppliers should have a policy with respect to the sourcing of 3TG minerals, specifically that they will make progress to switch to Conformant sources;

In order to achieve these objectives, Tapestry developed a process consistent with the OECD Guidance due diligence framework for 3TG minerals, as further discussed below.

Following a risk assessment to scope where 3TG minerals may be found in its products, Tapestry conducted a “reasonable country of origin inquiry” (“RCOI”) within the meaning of the Conflict Minerals Rule. The RCOI was undertaken on the products sourced directly by, and manufactured for, Tapestry in 2021. Tapestry and its brands do not directly manufacture products, but “contract to manufacture” from its suppliers products that may contain 3TG minerals necessary to their functionality or production. Tapestry then identified the suppliers who supplied the materials. The survey was administered to those suppliers via a web-based portal by a third-party service provider (the “Service Provider”), with manual and automated follow-up communications to improve survey response rate, and to complement Tapestry’s internal management process.

Based on its RCOI, Tapestry concluded that, of the 308 SORs identified by suppliers, 42 sourced in whole or in part from the DRC region. Tapestry’s conclusions concerning 3TG mineral origin are based on information provided by the Service Provider derived from supplier responses and the Service Provider’s own analysis. 227 (73.7%) of the identified SORs were listed as Conformant by the Responsible Minerals Initiative (the “RMI”), 10 (3.2%) were listed as Active and 71 (23.1%) were listed as Known (as defined later in this Conflict Minerals Report), in each case as of April 1, 2022. All but three of the SORs believed by the Service Provider to source at least in part from the DRC region are listed as Conformant. More detailed SOR and country of origin information is provided under “Item VI. Identified Smelters and Refiners” and “Item VII. Country of Origin Information” below, respectively.

Tapestry and the Service Provider received survey responses from Tapestry’s suppliers, which were reviewed by both parties for plausibility, consistency and gaps. Tapestry and the Service Provider requested suppliers to provide corrections and clarification where needed.

Based on the results of Tapestry’s RCOI, Tapestry exercised due diligence for 2021. These due diligence efforts are discussed below.

Design of Due Diligence

Tapestry designed its due diligence measures to conform with the OECD Guidance (Third Edition), which includes the related supplements on tin, tantalum and tungsten and gold. Specifically, due to its classification as a “downstream” company within the supply chain, Tapestry’s due diligence practices were tailored accordingly based upon the OECD Guidance.

Due Diligence Measures Performed

Based upon the OECD Guidance, Tapestry’s due diligence measures included the following elements. These are not all of the discrete elements and tasks that are part of Tapestry’s compliance program.

●	OECD Step One: “Establish strong company management systems”
	o	Adopted the Conflict Minerals Policy, which is reviewed annually. Tapestry’s Conflict Minerals Policy is available publicly at https://tapestry.gcs-web.com/static-files/2ead14dd-b33c-4fb4-add6-7fd97d6859ea.
	o	Included the Conflict Minerals Policy in the Company’s Supplier Code of Conduct, which is available publicly.
	o	Assembled an internal team to support supply chain due diligence.
	o	Designated a senior internal resource, the Sr. Director, ESG & Sustainability, Tapestry, to manage the program.
	o	Adopted a policy to keep conflict minerals records relating to due diligence for at least five years.

●	OECD Step Two: “Identify and assess risk in the supply chain”
	o	Sent requests to 213 suppliers to provide Tapestry with a completed Conflict Minerals Reporting Template (“CMRT”), which is the widely used form for 3TG data collection developed by the RMI. Both Tapestry and the Service Provider followed up by phone and email with the suppliers that did not provide a response within a specified time frame. 100% of the suppliers surveyed responded to Tapestry’s request for information.
	o	The Service Provider reviewed the lists of the suppliers’ identified SORs and compared those lists against the list of Conformant or equivalent SORs published in connection with the RMI’s Responsible Minerals Assurance Process (“RMAP”), the London Bullion Market Association’s (“LBMA”) Good Delivery List and the Responsible Jewellery Council’s (“RJC”) Chain of Custody Certification.

o

For those SORs identified by a supplier that were not listed as Conformant or the equivalent by an independent third-party, the Service Provider attempted to contact the SOR to gain information about its sourcing practices, including origin and transfer, to determine the source and chain of custody of the 3TG minerals. Internet research also was performed to determine whether there was any outside sources of information regarding the SORs sourcing practices.

●	OECD Step Four: “Carry out independent third-party audit of supply chain due diligence at identified points in the supply chain”
	o	In connection with Tapestry’s due diligence, the Service Provider, on Tapestry’s behalf, utilizes information made available by the RMI, LBMA and RJC concerning independent third-party audits of SORs.

Based on the information provided by Tapestry’s suppliers and its own due diligence efforts within its supply chain for 2021, Tapestry believes that the facilities used to process the necessary 3TG minerals in Tapestry’s in-scope products may have included the SORs in Table 1 below.

Table 1 makes use of the terms “Conformant,” “Active” and “Known.” “Conformant” means that a SOR has successfully completed an assessment against the applicable RMAP standard or an equivalent cross-recognized assessment. Included SORs were not necessarily Conformant for all or part of 2021 and may not continue to be Conformant for any future period. “Active” means that the SOR has committed to undergo an RMAP assessment, completed the relevant documents and scheduled the on-site assessment. These SORs may be in the pre-assessment, assessment or corrective-action phases of the assessment. A SOR is listed as “Known” if it was not Conformant but is listed on the CMRT Smelter Look-up tab. The status information reflected in this table is current as of April 1, 2022.

Tapestry generally received data from its suppliers on a company-level basis, meaning that the suppliers reported 3TG minerals contained in all of their products, not just those in the products that they sold to Tapestry. Accordingly, not all included SORs listed below may have processed the necessary 3TG minerals contained in Tapestry’s in-scope products. Furthermore, the SORs listed in the table below may not be all of the SORs in Tapestry’s supply chain, since some suppliers indicated that they did not identify all of the SORs used to process the necessary 3TG minerals content in the products covered by their CMRTs.

The countries of origin of the newly-mined 3TG minerals processed by the Conformant SORs in the table above may have included the countries listed below. Country of origin information has been provided to the Company by the Service Provider.

* Democratic Republic of the Congo or an adjoining country.

Alternatively, or in addition, some of the identified SORs may have been sourced from recycled or scrap sources.

Tapestry endeavored to determine the mine location of origin of the necessary 3TG minerals contained in its in-scope products by requesting that the suppliers provide it with a completed CMRT and through the other procedures followed by Tapestry and its Service Provider that are described in this Conflict Minerals Report.

Tapestry intends to further improve upon its supply chain due diligence via the following measures:

●	Encourage new suppliers to partner with upstream suppliers to identify the source of 3TG minerals;
●	Encourage suppliers that have not yet done so to adopt and communicate their own responsible sourcing policies relating to 3TG minerals;
●	Expand internal supply chain mapping and traceability efforts;
●	Continue to provide 3TG minerals-specific in person training to our suppliers; and
●	Continue to distribute and provide training on our Supplier Code of Conduct to existing and new suppliers. Our Supplier Code of Conduct includes a conflict minerals statement, which requires that vendors who supply Tapestry products that include 3TG minerals to disclose the SORs to Tapestry.

All of these steps are in addition to the other steps that Tapestry took in respect to its 2021 compliance, which it intends to continue to take for 2022 to the extent applicable.

This document contains forward-looking statements based on management's current expectations. These statements can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “intend,” “become,” “future,” “continue,” “strive,” “seek” or comparable terms. Future results may differ materially from management's current expectations, based upon risks and uncertainties such as (1) the continued implementation of satisfactory traceability and other compliance measures by Tapestry’s direct and indirect suppliers on a timely basis, (2) whether SORs and other market participants responsibly source 3TG minerals, (3) political, regulatory and economic developments within the DRC region, the United States or elsewhere, and (4) changes in Tapestry’s supplier base. Undue reliance should not be placed on these forward-looking statements, which speak only as of the date of the filing of this document. Tapestry does not intend, and undertakes no obligation, to publish revised forward-looking statements to reflect events or circumstances after the date of the filing of this document to reflect the occurrence of unanticipated events. Please refer to Tapestry’s latest Annual Report on Form 10-K for the fiscal year ended July 3, 2021, Quarterly Reports for the fiscal quarters ended October 2, 2021, January 1, 2022 and April 2, 2022 and its other filings with the SEC for a complete list of risks and other factors.