Richemont awarded A rating by CDP for tackling climate change

Richemont awarded A rating by CDP for tackling climate change

Richemont has been recognised for its leadership in corporate sustainability by global environmental non-profit CDP, securing a place on its ‘A List’ for tackling climate change.

Matthew Kilgarriff, Group CSR Director, commented: “We are very proud to have been upgraded from A- to A by CDP, an organisation widely recognised as the gold standard of corporate environmental transparency. This is a tribute to all my colleagues at Richemont for engaging effectively to enable progress towards our Sciences Based Targets (SBT), which were validated by the Science-Based Target initiative in September, to reduce greenhouse gas emissions in line with the 2015 Paris Agreement. We believe that our SBTs provide us with a clearly defined pathway to help us reduce our impact on climate change, while future-proofing our business for greener growth”.

A detailed and independent methodology is used by CDP to assess companies, allocating a score of A to D - based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, including setting meaningful targets.

The full list of companies that made this year’s CDP A List is available here: https://www.cdp.net/en/companies/companies-scores