| Charitable involvement |
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For our Maisons, building strong relationships with their local communities is integral to the way in which they operate and many organise local fundraising activities. Employees are also supported in fundraising and volunteering for charitable causes. Certain of our Maisons have established long-term links to UNICEF and UNESCO. More information is given in each Maison’s review of the year, included in the Richemont Annual Report. At the Group level, Richemont continues to support a number of charitable Foundations. Below are some details of three of these:
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Laureus, established in 1999. This organisation harnesses the power of sport to promote social change and celebrates sporting excellence. Laureus comprises three elements: the Laureus World Sports Academy; the Laureus Sport for Good Foundation; and the Laureus World Sports Awards. IWC is Richemont’s nominated business which partners with Laureus and supports Laureus events. 
Peace Parks Foundation, established in 1997. This Foundation facilitates the establishment of trans-frontier conservation areas (peace parks) and develops human resources, thereby supporting sustainable economic development, the conservation of biodiversity and regional peace and stability.
Teacher of Ten Thousand Generations Foundation, established in 2003. This Foundation assists underprivileged children and their families in China, by providing children with educational opportunities and therefore offering them a greater choice in determining their future. The foundation has an association with a number of schools in Southern China. Richemont’s Chief Legal Counsel is President of the Foundation.