The majority of the Group’s products are transported from the place of manufacture – mainly in Switzerland, France and Germany – to overseas retail networks by air. This reflects the very low-weight, high-value nature of fine watches, jewellery and writing instruments. Product catalogues and similar high-weight, low-value materials are either purchased locally or are transported by land and sea, whenever possible.
Logistics are outsourced to specialist freight companies. Their energy use and related carbon emissions were captured by Richemont for the first time in 2014. Since then, the scope and quality of measurement have progressed. This is of growing importance as the proportion of Group sales outside Western Europe increases each year. In collaboration with our business partners, we are seeking a 10% reduction in logistics-related emissions in the three years to 2020. This combined effort will contribute to recognised ‘smart freight’ global projects.