During the year ahead, Richemont will be increasing its engagement with suppliers and monitoring compliance against the Supplier Code. The Group will prepare and pilot a new Audit Referential.
The 2020 CSR Plan includes quantitative targets relating to the traceability of raw materials such gold, diamonds, coloured gemstones and leather. Further risk analyses is planned, as well as on-going monitoring of emerging industry issues.
Richemont will contribute to the revision of the RJC Code of Practices, ensuring that the new scope reflects its wish for responsibly-sourced coloured gemstones – emeralds, rubies and sapphires - as well as diamonds and gold.
The new Supplier Chemical Compliance Commitment will be progressively extended to all applicable suppliers.
Our review of packaging linked to logistics, wholesale and retail activities will encompass our use of plastic-based materials and take steps to reduce, re-use, recycle or replace such materials.