Our approach to sustainability

Our approach to sustainability is inspired by our purpose: ‘We Craft the Future’. Doing business responsibly is at the core of Richemont's values and an essential benchmark for all our stakeholders, from our colleagues and customers to our suppliers, shareholders and society.

At Richemont, we believe in adding value to society beyond the scope of our business. And, as experts in the field of crafting beauty, we know we play a major role in preserving and sharing excellence. That is why education and knowledge sharing are essential to who we are and what we do.

Discover our ESG Report 2023

Flipbook version

Read our basis of preparation

ESG Report 2023 640X560

ESG Highlights 2023 640X427

Our 2023 ESG highlights

At Richemont, we are proud of our achievements. We recognise that we are on a journey of continuous improvement, and we look forward to further training our teams and accomplishing more in 2024 and beyond to safeguard our planet, while crafting a more sustainable, responsible future.


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Our approach

Abstract visual for the environmental part of the ESG strategy of Richemont

Environment

Acting on our environmental impact

We are committed to continuously improving our environmental performance and taking action to respond to climate change and transition to a low-carbon future.

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Abstract visual for the social part of the ESG strategy of Richemont

Social

Amplifying our social impact

We strive to be an inclusive employer and exemplary partner, promoting the highest levels of transparency and social performance.

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Abstract visual for the governance part of the ESG strategy of Richemont

Governance

Refining our governance

Sustainability is represented across all governance levels, fuelling the change we need across our operations, supply chains and partnerships.

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Targets and 2022 performance*

Renewable Electricity

2025 Target

Increase annual sourcing of renewable electricity to 100%.

97%

STATUS IN 2022

93%**

STATUS IN 2021

64%

BASE YEAR 2019

Science Based Target

2025 Target

20% of Richemont suppliers by emissions covering purchased goods and services and upstream transportation and distribution will have SBTs.

14%

STATUS IN 2022

13%**

STATUS IN 2021

8%

BASE YEAR 2019

GHG Scope 1&2

2030 Target

Reduce absolute Scope 1 and 2 GHG emissions by 46%

19

ktCO2e, STATUS IN 2022

19**

ktCO2e, STATUS IN 2021

60

ktCO2e, BASE YEAR 2019

GHG Scope 3

2030 Target

Reduce Scope 3 GHG emissions from purchased goods and services and business travel by 55% per dollar value added.

120

tCO2e/m$, STATUS IN 2022

110**

tCO2e/m$, STATUS IN 2021

146**

tCO2e/m$, BASE YEAR 2019

*All Environment data relates to calendar year 2022 (including YNAP)
**Restated figures

Increased ESG leadership

Policies & documents

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  • Abstract visual for the governance part of the ESG strategy of Richemont

    Document

    Richemont basis of preparation

  • Abstract visual for the environmental part of the ESG strategy of Richemont

    Document

    Environmental code of conduct

  • Abstract visual for the governance part of the ESG strategy of Richemont

    Policy

    Corporate responsibility policy

  • Abstract visual for the social part of the ESG strategy of Richemont

    Policy

    Raw materials sourcing policy

  • Abstract visual for the social part of the ESG strategy of Richemont

    Document

    Slavery & human trafficking statement

  • Abstract visual for the governance part of the ESG strategy of Richemont

    Document

    Standards of business conduct

  • Abstract visual for the social part of the ESG strategy of Richemont

    Document

    Supplier code of conduct

  • Abstract visual for the governance part of the ESG strategy of Richemont

    Document

    UNGC CoP Richemont 2021

  • ESG Documents (1)

    Document

    EU taxonomy - Upcoming September 2023