| Health, Safety and Well-being |
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Context Good health and safety practice is a responsibility that Richemont shares with all of its employees. For the vast majority of the Group’s offices, distribution centres and shops, the risk of serious injury is limited. We have identified our manufacturing sites as having the greatest range of health and safety issues to address and a detailed mapping of health and safety risks at those sites has been carried out. The results of the risk-mapping are not disclosed.
The Manufacturing Director, a Board Member, oversees health and safety for the Group. He is supported in this task by a Group Health and Safety Committee which meets twice a year to review performance and agree priorities. Ultimate responsibility for health and safety issues resides with the managing directors of each business and region. The law provides us with the minimum standard to follow and it is the responsibility of each business to set policies and procedures based on guidance from the relevant regulatory body. Where relevant, these policies are supported by codes of conduct and specific training programmes. Each business has individuals responsible for health and safety issues, either as a dedicated role or, for smaller businesses, as part of a wider remit. The Group holds an annual health and safety forum where all European Health and Safety Managers have an opportunity to share best practice, present progress at their site and consider audit findings.
We have developed systems to comprehensively measure, monitor and report workplace accident data across the entire organisation. Maisons are required to record any workplace accidents via the global HR system and provide an action plan for improvement. The systems are based on OHSAS 18001. Health and safety data are monitored across the Group. We have developed a tool which can be used by boutiques to conduct self-assessments of their health and safety risks. We continue to assess and improve the quality of our data in this area. In the Asia-Pacific region, a number of boutique audits were carried out during the year. The Group has set itself global quantitative targets in respect of health and safety improvement – e.g. lost days due to accidents - and monitors performance against those targets. Neither the data nor the Group’s targets are publicly disclosed. Nevertheless, we believe that the Group’s performance since these targets were established has been favourable. Regarding serious diseases which may afflict employees and their wider community, Richemont does not organise any Group-wide education and risk control programmes. This reflects the geographic spread of its employees around the world. Nevertheless, contingency plans exist for events which may cause business interruption, including public health related events.
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