11 Cheap ESG Stocks to Buy According to Hedge Funds

8. Tapestry, Inc. (NYSE:TPR)

Number of Hedge funds holding: 57

Forward P/E as of May 06, 2025: 13.90

Tapestry, Inc. (NYSE:TPR) is a global house of leading fashion brands, particularly Coach, Kate Spade New York, and Stuart Weitzman. Headquartered in New York, the company offers its products directly and indirectly via wholesale and licensing businesses. The enterprise claims to use its strengths to empower communities and make the fashion industry more sustainable, equitable, inclusive, and diverse. It is among the best cheap stocks to buy.

Serving as a hub for iconic fashion brands, Tapestry, Inc. (NYSE:TPR) maintains a circularity strategy that supports three key principles, namely mitigating waste and pollution, circulating products, and restoring nature. The Coach segment of the business has a The Coachtopia Catalyst Fund that, through the partnership with 1% for the Planet, contributes 1% of the revenue generated to support emerging climate leaders, including Black Girl Environmentalist, Earth Guardians, and Maya’s Ideas 4 the Planet.

The company has taken scaling measures for environmentally favored raw materials across its product range to minimize environmental impact. Tapestry, Inc. (NYSE:TPR) adopts an integrated approach to material sourcing driven by external standards and targeted partnerships that enhance transparency and reduce eco-challenges. With that being said, the company has made significant advancements in regenerative agriculture, recycled materials, and circular innovation.

Tapestry, Inc. (NYSE:TPR) has also invested in Generation Phoenix, which is a U.K.-based company that utilizes wet blue leather offcuts to design a durable material. Following a “Style, Performance, and Impact” framework, the powerhouse has partnered with Reset Carbon to build its Decarbonization Program (DCP) that supports as many as 18 suppliers with high energy, water, and carbon emissions to develop a roadmap for the facilities. This 2025, TPR plans to embed scoring into the supplier scoreboard, which includes social compliance scores. Thus, we have a positive reason to believe that TPR is indeed an ESG-conscious stock.