Compagnie Financiere Richemont : Download the Sustainability Report 2022

SUSTAINABILITY REPORT

2022

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CONTENTS

INTRODUCTION

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RICHEMONT AT A GLANCE

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RICHEMONT SUSTAINABILITY STRATEGY	13
• EVOLVING OUR SUSTAINABILITY STRATEGY	14
•	ACTIONS TAKEN TOWARDS THE SDGS	16
•	REPORTING ON MATERIAL ISSUES	20

REDUCING OUR ENVIRONMENTAL FOOTPRINT	26
• ACTING ON CLIMATE CHANGE	28
• CONTROLLING GREENHOUSE GAS EMISSIONS	31
•	MINIMISING WASTE	38
•	PROTECTING WATER	43
• DRIVING CLIMATE-POSITIVE DECISIONS	44
•	BIODIVERSITY	50

AMPLIFYING OUR SOCIAL HANDPRINT	53
•	HUMAN RIGHTS	55
	- OECD DUE DILIGENCE GUIDANCE	58
	- LAYING THE FOUNDATIONS	59
	- ILLUSTRATING OUR SUPPLY CHAIN ACTIONS	64
•	OUR PEOPLE	69
	- FOR, BY AND WITH OUR PEOPLE	70
	- FOSTERING A SENSE OF BELONGING	71
	- A WORLD OF OPPORTUNITIES	79
	- A JOURNEY OF BECOMING	82
	- LOOKING AHEAD	85
•	COMMUNITIES	89

• OUR CONTRIBUTION TO COMMUNITIES

AROUND THE WORLD	90
- GIVING	91

• CHARITABLE INVOLVEMENT

	THROUGH VOLUNTEERING	93
-	LOOKING AHEAD	94
-	FOUNDATIONS	95

REFINING OUR GOVERNANCE	98
• GOVERNANCE AND RISK MANAGEMENT	100
• PARTNER ORGANISATIONS	101
• BUSINESS ETHICS: PUBLIC POLICIES	103
• HOW SUSTAINABILITY IS GOVERNED	106
• GOVERNANCE AT OUR MAISONS	108
• SUSTAINABLE OPERATIONS	110
• HOW WE SOURCE AND PROCURE	111
• RESPONSIBLE AND SUSTAINABLE PROCUREMENT	112

ENDNOTES

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ANNEXES

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INDEPENDENT ASSURANCE LETTER

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SUSTAINABILITY REPORT 2022

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ABOUT THE COVER

Inspired by the growth rings of wood, the cover for the Richemont Sustainability Report 2022 fosters a sense of oneness and circularity with our ecosys- tem. The concentric organic forms reflect our actions of the past hundreds, or even thou- sands, of years as we can learn about the geographic climate changes through the forma- tion. Reminded of the patience and time that it takes for wood to grow ring by ring, the cover inspires sustainability actions to be engaged in continuously year on year.

Cover designer, Student at the Creative Academy, Class 2021-2022

At Richemont, we believe in adding value to society beyond the scope of our business. And, as experts in the field of crafting beauty, we know we play a major role in preserving and sharing excellence.

That is why education and knowledge sharing are essential to who we are and what we do.

Crafting the future relies on heritage and on engaging with young people. Because of this, we have helped to create several schools and apprenticeship programmes, to ensure our know-how is disseminated widely and effectively.

Artistic expression is at the heart of our Maisons' creations. At Group level, this manifests as our commitment to sustainability.

Because all these topics are extremely important to us, we are strengthening the link between them with the launch of an art contest for the cover of this year's report.

Students from the Creative Academywere asked to design a piece of art, highlighting the connections between our work and the environ- ment. We invited them to develop emotive pieces.

ABOUT THE CREATIVE ACADEMY

Founded in 2003 by Richemont, the Milan-based Creative Academy offers a master's degree in design and applied arts. Each year the course trains 20 international students in the fields of watchmaking, jewellery and fashion accessories.

The Creative Academy acts as a bridge between theory and professional practice. Its mission is to give young future professionals the tools they need to work within an ever-evolving luxury sector.

SUSTAINABILITY REPORT 2022

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ABOUT THIS REPORT

ORGANISATION COVERED

This report covers the entire Compagnie Financière Richemont SA, which consists of all its Maisons, subsidiaries and Regional Offices accounted for by the financial control method.

Unless the context suggests otherwise, the terms 'we', 'us', 'our', 'Group', 'Company' and 'Richemont' refer to Richemont International SA.

PERIOD COVERED

This report focuses on activities undertaken during the financial year 2022 (1 April 2021-31 March 2022), except for Environment and Communities data, which relate to calendar year 2021.

STANDARDS

This report has been prepared in accordance with the GRI core option. Richemont continues to report against the Sustainability Accounting Standards Board (SASB) Apparel, Accessories & Footwear industry guide- lines. In addition, this year Richemont has also chosen to report against a select few relevant indicators from the SASB Multiline and Speciality Retailers & Distributors industry guidelines which are most material to its business.

SUSTAINABILITY REPORT 2022

ASSURANCE

This report has been verified by Ernst & Young Associates LLP.

ACCOUNTING STANDARDS

Figures are compiled pursuant to International Financial Reporting

Standards (IFRS).

DATE OF PUBLICATION

2 June 2022

FOR ENQUIRIES REGARDING THIS REPORT, PLEASE CONTACT:

[e-mail]

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RICHEMONT

AT A GLANCE

SUSTAINABILITY REPORT 2022

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