Context

Richemont’s direct operations are not considered to have a high impact upon biodiversity. The Group’s Maisons make use of renewable and non-renewable raw materials, such as precious and gem stones, gold, leather and woods. We seek to source these materials in a manner that is consistent with the protection of the environment and the sustainable utilisation of natural resources.

Our approach

Our Environmental Code of Conduct and supplier guidelines set out our policies for protecting endangered species, leather products manufacturing, conflict-free diamonds and responsible gold sourcing. We fully comply with special international and local regulations such as the Convention on International Trade in Endangered Species (CITES) related to the procurement, import, usage and export of raw materials issued from endangered or protected species. More information about how we deal with suppliers’ impacts can be found in the section on supply chain.

We also consider how the environment is affected through the supply chain. Our suppliers also use resources such as water and generate waste. As users of leather and other animal products and through purchasing raw materials such as gold and diamonds, we have an indirect impact on biodiversity.

Land use adjacent to protected areas

The Group does not collect data regarding land use adjacent to protected areas. The majority of the Group’s manufacturing facilities are located in Switzerland, which sets high environmental standards and enforces them through national and local environmental legislation. The Group’s Maisons seek to comply with all such legislation, whether in Switzerland or in other jurisdictions.

Looking ahead

We will continue to source materials in a manner that is consistent with the protection of the environment.