Biodiversity

 

Context

Richemont’s direct operations are not considered to have a high impact upon biodiversity. However, the Group’s Maisons make use of renewable and non-renewable raw materials, such as gold, gemstones, leather and woods which have biodiversity impacts. 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. Examples include the recycled gold in our Maisons’ products and the certified wood-based material in the packaging around them.

 

Our approach

Our Environmental Code of Conduct and Supplier Code of Conduct set out our policies for sourcing responsible gold and conflict-free diamonds, manufacturing leather products, and protecting endangered species. We fully comply with specific 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 may be found in the section on supply chain.

We consider how the environment is affected through the supply chain, notably in recycled gold as our preferred sourcing option. 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. We seek to source recycled gold from certified suppliers as this has less impact on our environment.

A number of our Maisons have factories that are located near rivers and lakes. We are committed to preserving the natural environment around all of our operations.

 

Sustainable construction

Our new building plans place a strong emphasis on environmental considerations. Richemont’s Green Handbook was developed by Richemont’s Real Estate Department and assists all project managers, architects and construction partners to this end. The Handbook considers on-going energy requirements, as well as the production and transport of construction materials and any building waste produced.

Recent examples of how the Green Handbook has been used include: the Campus Genevois de Haute Horlogerie in Meyrin (opened 2015); the A. Lange & Söhne extension in Glashütte (opened 2015); and the IWC Schaffhausen production and technology centre in Merishausen (opened 2017). Those buildings incorporate, amongst other things, rooftop solar photovoltaic installations, electric vehicle and bicycle charging stations, and energy-efficient design principles throughout the building, including for heating and lighting installations.

Low-emission public transportation for students and employees was factored into the project for the Campus Genevois de Haute Horlogerie, a teaching and manufacturing facility in Geneva dedicated to the arts and crafts of fine watchmaking. The same thought goes into the selection of sites for other new facilities.

The Group has published an internal guide on LED lighting for its worldwide operations, in particular its boutiques. The aim of the guide is to enhance product display and improve employees’ working conditions. Its impact to date may be found here.

 

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 comply with all such legislation, whether in Switzerland or in other jurisdictions.

 

Water data

Whereas water data is not currently consolidated, our 2020 CSR Plan includes a target to identify and measure material water-using activities. In the meantime, individual projects across the Group are being managed to reduce water usage whenever possible.