Richemont recognised as a Financial Times Climate Leader 2022

22 APR 2022

2022-04-22_Ft Climate Leaders 2022 Richemont Group News

On World Earth Day, Richemont is proud to be in the 2022 Financial Times Climate Leaders ranking, one of only 400 companies across Europe that have achieved the greatest reduction in their greenhouse gas emissions between 2015 and 2020. High on the list, Richemont is recognised as a leader in its industry and among the top three companies in Switzerland.

“While I am delighted that Richemont’s efforts to reduce our climate impact is recognised in this FT Climate Leader listing, I am also very conscious that the publication of this ranking comes at a critical time for the planet. Just a few weeks ago, UN scientists gave us a final warning on the climate emergency,” said Bérangère Ruchat, Chief Sustainability Officer, Richemont. “Tackling climate change is a priority for Richemont and we are committed to working together with our 37’000 colleagues and our many partners, to deliver against our ambitious science-based targets for climate.”

This independent assessment by the Financial Times is testament to Richemont's significant progress in decarbonising its operations, building on the Group’s commitment to source 100% renewable electricity across Group operations by 2025.

During the past year alone, Richemont has achieved some significant climate milestones:

- A Sustainalytics ESG Risk Rating of 10.7, ranking the Group in the top 2% out of 15 000 companies rated worldwide and surpassing our 2020 rating of 11.3. Richemont is also recognised as an Industry Leader, ranking in the global top 10 peers and among the leading companies across all industries in Europe.

- CDP, the global non-profit that drives companies to boost their environmental performance, recognised Richemont with an ‘A’ rating for climate change, as one of 200 companies out of 12 000 ranked. Progressing from A- to an A, Richemont continues to reduce its impact on climate change and advance on its Science Based Targets which were validated in September 2021.

- Joined the RE100, a global initiative of the world's most influential companies committed to 100% renewable electricity. Today, we are operating with more than 90% renewable electricity worldwide.