Governance

Governance_Infographic


Transparency & integrity


In line with principles set in the Standards of Business Conduct, any situation that gives rise, or might give rise, to a conflict of interest must be declared as soon as it occurs, in line with Richemont’s core values, which include honesty, truthfulness and authenticity.

Richemont takes responsibility to comply with the laws, regulations and standards that help avoid bribery and corruption anywhere it does business. A dedicated online training programme is available on the subject. 

Richemont maintains open and constructive contact and communication with tax authorities and other stakeholders in the jurisdictions where it operates, to understand governments’ tax policy objectives and tax authorities’ processes. This ensures compliance with both the letter and the spirit of relevant domestic and international tax laws.


Maintaining the trust of clients & stakeholders


Business & human rights


Richemont’s policies and practices are aligned with the United Nations Guiding Principles on Business and Human Rights and the Principles of the United Nations Global Compact (UNGC), to which Richemont has been a participant since 2013.

In FY24, the Richemont Human Rights Statement was published, which highlights the focus areas, the impact of the Group’s value chains and the policies that include a focus on human rights. A dedicated human rights training module was launched this year to raise awareness on the focus areas in the statement.

The Group’s commitment to upholding human rights is reinforced by a skilled and dedicated Human Rights Taskforce, which is chaired by the Chief Sustainability Officer.

Governance & management

The Governance and Sustainability Committee supports the Board in establishing and reviewing strategy, policies and guidelines that address all aspects of Richemont’s ESG framework.

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Speaking up


The Richemont Speak Up Platform, launched in June 2022, forms an essential part of the Group’s ethical framework and allows employees and any affected third party to report concerns by telephone or an online form, with an option for anonymity. All procedures are documented using the Navex EthicsPoint platform, which ensures an audit trail that meets regulatory requirements.

Richemont launched a general employee awareness campaign and provided Group-wide training in order to promote the Speak Up Platform. The Group is constantly learning from the reporting of concerns and adapting its business practices accordingly. Richemont continues to raise internal awareness of the Speak Up Platform.


Tools & trainings

The Richemont Sustainability Online Academy brings expertise inhouse and moves away from project-based interventions to one consistent approach across Maisons, functions and regions.

Richemont provides a range of tools and training, including but not limited to a global training programme on ‘Business & Human Rights at Richemont’ under the Richemont Sustainability Online Academy, a comprehensive training programme to promulgate the Group’s Standards of Business Conduct, compliance learning modules on ethical topics, global and regional awareness campaigns about Speaking up, a compliance Learning Series 2022/2023 and eLearning modules on ‘Modern Slavery & Human Trafficking’.


Reports & Policies

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  • No Writing Nfr Cover 0705

    Report

    Non-Financial Report 2024

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    Report

    Basis of Preparation 2024

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    Document

    Executive Summary 2024

  • Abstract visual for the governance part of the ESG strategy of Richemont

    Document

    Standards of business conduct

  • Abstract visual for the governance part of the ESG strategy of Richemont

    Policy

    Corporate responsibility policy

  • Abstract visual for the governance part of the ESG strategy of Richemont

    Document

    UNGC CoP Richemont 2022

  • Abstract visual for the social part of the ESG strategy of Richemont

    Document

    Richemont Human Rights Statement

  • ESG Documents (1)

    Report

    EU taxonomy report FY23