22 slides from Compagnie Financiere Richemont Sa's sustainability presentation, March 2021
Slide 1: CSR webinar for sell-side analysts
PUBLIC CSR webinar for sell-side analysts March 2021
Slide 2: Information relates to calendar year 2019
PUBLIC All information contained herein related to calendar year 2019 Calendar year 2020 information will be released with the 2021 Sustainability Report due in July 2021
Slide 3: Our Transformational CSR Strategy
OUR TRANSFORMATIONAL CSR STRATEGY Our ‘Movement for Better Luxury’ is supported by four focus areas: • People • Sourcing • Environment • Communities These four areas are driven by: • Strong governance • Active engagement • Continuous innovation in materials and processes
Slide 4: Governance
GOVERNANCE Management of CSR at Richemont: • 4 Non-executive Directors, Board of Governance and including the Lead Independent Sustainability Director (Chairman) Directors Committee • 3 ESG specialists • Invitees: 3 senior executives (including the CFO) and 5 other CFO executives Member of the Board
Slide 5: Materiality Matrix
MATERIALITY MATRIX Higher • Human rights & labour standards in the supply chain • Transparency and traceability Top priority of raw materials material issues Importance to stakeholders • Biodiversity • Climate change & other • Circular economy environmental impacts • Diversity & inclusion • Craftsma
Slide 6: Gen Z Materiality Matrix
GEN Z MATERIALITY MATRIX Higher • Climate change & other environmental impacts Top priority • Transparency and traceability material issues of raw materials • Craftsmanship • Biodiversity • Customer experience • Circular economy • Data protection & cyber • Diversity & inclusion security Importance t
Slide 7: Focus Area: People
FOCUS AREA: PEOPLE › Commitment: to offer a caring, safe and 66 724 inclusive work environment where our completed training sessions, people keep on learning, and feel covering 46% of workforce empowered to act and innovate by: Contributing to the overall wellbeing of our 50% employees of managers
Slide 8: Key Initiatives/Areas of Progress
KEY INITIATIVES/AREAS OF PROGRESS › Supporting continued learning and professional development through 7 schools (incl. Creative Academy, Retail academy and watchmaking/jewellery making schools) and online L&D programmes › Group DEI Director appointed January 2019 Retail Academy Global DEI communi
Slide 9: Focus Area: Sourcing
FOCUS AREA: SOURCING › Commitment: to sourcing responsibly – Over 95% of the gold we respecting responsible business practices, human purchase is RJC ‘Chain of Custody’ and labour rights, animal welfare and the (CoC) certified and comes from recycled origins, usually industrial environment scraps or
Slide 10: Key Initiatives/Areas of Progress
KEY INITIATIVES/AREAS OF PROGRESS › Gold: Varinor, the Group’s wholly-owned refining entity, acts as a “centre of excellence” for all topics related to gold sourcing, giving Richemont control over its supply chain. We use OECD principles to exercise rigorous due diligence on our gold supply chains,
Slide 11: Focus Area: Environment
FOCUS AREA: ENVIRONMENT › Commitment: to reduce our Carbon neutral with offsets since 2009 environmental impact and design sustainable products by: Since 2010, 100% of our new Embedding circularity in our products and manufacturing facilities have been business models designed with special care fo
Slide 12: Key Initiatives/Areas of Progress
KEY INITIATIVES/AREAS OF PROGRESS › Circularity Watchfinder in market of pre-owned watches Focus on recycled gold rather than newly mined gold Timelessness of our products (passed on to generations or sold at auction houses and other platforms) › Carbon footprint: committed to developing Scien
Slide 13: Focus Area: Communities
FOCUS AREA: COMMUNITIES › Our mission is to ensure that Richemont’s global activities benefit those communities within the Group’s orbit; We focus our efforts 5 203 on Hours of volunteering time by employees Providing support to our communities in ways that around the world in 2019 align with the
Slide 14: Key Initiatives/Areas of Progress
KEY INITIATIVES/AREAS OF PROGRESS › Some of our foundations The Michelangelo Foundation celebrates and preserves master craftsmanship while strengthening the connection between craftsmanship and the world of design Laureus to harness the power of sport to promote social change and celebrate spor
Slide 15: CSR Rating Agencies and Indices
CSR RATING AGENCIES AND INDICES › Richemont has been rated by the following agencies Score as of Best in Agency March 2021 Rank Out of class Comments CDP A- A Improved from B in prior year Sustainalytics 11.3 6 174 Top 3% NA Improved from #3 to #2 for peers of similar market cap MSCI AA 2 11 Top 18%
Slide 16: Trajectory
TRAJECTORY › Commitments Foundational: to be completed by 2020 Aspirational: begin reporting progress in 2021, to be achieved by 2023 Transformational: begin reporting progress in 2021, to be achieved by 2025 › Sustainability continues to evolve through active stakeholder engagement Disclosu
Slide 17: Appendix
PUBLIC APPENDIX
Slide 18: Key Areas of Progress in 2019/20 - People
KEY AREAS OF PROGRESS IN 2019/20 - PEOPLE
Slide 19: Key Areas of Progress in 2019/20 - Sourcing
KEY AREAS OF PROGRESS IN 2019/20 - SOURCING
Slide 20: Key Areas of Progress in 2019/20 - Communities
KEY AREAS OF PROGRESS IN 2019/20 - COMMUNITIES
Slide 21: Key Areas of Progress in 2019/20 - Environment
KEY AREAS OF PROGRESS IN 2019/20 - ENVIRONMENT
Slide 22: At Richemont, we craft the future
PUBLIC At Richemont, we craft the future Buccellati • Cartier • Van Cleef & Arpels • A. Lange & Söhne • Baume & Mercier • IWC • Jaeger-LeCoultre • Panerai • Piaget • Roger Dubuis • Vacheron Constantin • Watchfinder & Co. • NET-A-PORTER • MR PORTER • THE OUTNET • YOOX • ONLINE FLAGSHIP STORES • Alaïa