Across the Group our procurement broadly falls into two main categories:

• sourcing of the raw materials required to make our products, such as gold, diamonds, precious stones and leather;
• procurement of other types of goods and services to support the day-to-day running of our operations, such as energy, manufacturing and office equipment.

The social and environmental impacts of the goods and services we buy often lies outside our direct control. Nevertheless, Richemont seeks to promote and influence responsible behaviour wherever possible. This is largely achieved through the dissemination of the Group’s Supplier Code of Conduct. The Code sets out our approach in this area and provides guidance to Maisons, our suppliers and business partners regarding ethical labour, employment practices and human rights and the Group’s approach to the responsible sourcing of raw materials.

The Group maintains a dialogue with metal refiners and suppliers and, through the RJC, with mining houses and other supply chain participants.