This CSR report covers the financial year ended 31 March 2018. It encompasses all activities under the direct control of Compagnie Financière Richemont SA but does not include the activities of any businesses in which the company does not have financial control. As well as the information provided in this web-report, we include a CSR summary from page 32 of our 2018 Annual Report.
This report is structured to reflect the priorities in Richemont’s CSR strategy.
Global Reporting Initiative (‘GRI’)
Our 2018 CSR Report has been prepared ‘in accordance’ with the Core option of the Global Reporting Initiative’s (GRI) G4 guidelines. See our full GRI Index, which provides an overview of our reporting against the GRI G4 guidelines.
The Group’s consolidated carbon emissions data has been independently assured since 2011. The SGS assurance statement may be found on the Climate Change page of this report.
United Nations Global Compact
The Company became a participant in the United Nations Global Compact (UNGC) in 2013. Since then, Richemont has produced an annual Communication on Progress in line with the UNGC’s requirements, which can be found here.
Global Compact Network Switzerland (‘GCNS’) is the Swiss chapter of the UNGC. It promotes the UNGC’s 10 Principles within the Swiss economic sphere and provides local support to members of UNGC based in Switzerland. Members include companies, business associations, academic institutions and non-governmental organisations. Since 2014, a Richemont representative has served on the Board of GCNS.
“A Journey through Sustainable Swiss Business”, a GCNS 2018 documentary, may be viewed here.
Sustainable Development Goals
The 2030 Sustainable Development Goals (‘SDGs’ or ‘Global Goals’) were set by the United Nations in 2015. Richemont’s CSR Plan 2020 includes a commitment to identify and align its operations with selected Global Goals before 2020. By aligning initiatives to specific Global Goals, Richemont’s impact as a Group will be more significant to their collective achievement by 2030.