Better Health for All

Richemont's core business involves luxury goods such as jewellery, watches, and clothing, which have no significant positive or negative health impact. The combined sales of guns, alcoholic beverages, and tobacco accessories account for significantly less than 1% of Group sales.

The company provides comprehensive mental health programs for its employees, including a 24/7 emotional support hotline, mindfulness programs, life coaching, a Manager Assist programme, and a 'Mental Health First Aiders' program. Richemont does not offer health-related products or services to the public, nor does it engage in health innovation, public health education, or clinical trials. Its operations are not directly relevant to global health crisis response, and its products do not have addiction potential requiring mitigation. The company does not collect or manage health-related data. Workplace safety data is not considered for this value.

Fair Money & Economic Opportunity

Compagnie Financière Richemont SA is a luxury goods holding company.

The "Fair Money & Economic Opportunity" value covers activities that lend, insure, move, or store money. As Richemont's core business does not involve financial services or products for consumers, there is no specific, concrete data available in the provided articles to assess its performance against any of the KPIs for this value. Therefore, all KPIs are omitted.

Fair Pay & Worker Respect

Richemont reported a recordable work-related injuries rate (TRIR) of 0.86086 in FY25

and zero work-related fatalities in FY25, FY24, and FY23 . The company achieved global gender EQUAL-SALARY certification in FY24, covering over 38,000 employees across 39 markets, which verifies equitable pay between genders . In FY25, 65.8% of employees in Richemont Europe were covered by collective bargaining agreements . The total employee turnover rate was 12.4% in FY25 . Temporary employees constituted 8.0% of the workforce in FY25 . No specific quantitative data was provided for living wage coverage, CEO to median pay ratio, worker engagement score, health insurance coverage, or a precise count of labor violation incidents that could be mapped to the rubric's quantitative thresholds.

Fair Trade & Ethical Sourcing

In FY25, 99% of Tier-1 diamond suppliers, jewellery 'façon' value, and watches gold components were provided by RJC CoP-certified suppliers.

Additionally, 88% of bovine skins came from LWG-certified tanneries in 2024, and 84% of alligator and crocodile skins were sourced from ICFA-certified farms in FY24. Across the Group in FY25, 80% of purchased value from suppliers had signed the Supplier Code of Conduct or provided an equivalent commitment, with 99% for the leather supply chain and 97% for watches and jewellery. For audit frequency, leather tanneries are audited every two years under LWG standards, and the Varinor due diligence system is audited every three years by a third-party.

Honest & Fair Business

Richemont reported no final decisions adopted against its companies for significant ethics-related wrongdoing (fines above CHF 100,000) for reporting periods up to March 2025.

However, its transparency is challenged by a score of 25/100 in the 2024 "What Fuels Fashion?" index. The company operates a "Speak Up Platform," launched in June 2022, allowing anonymous reporting by employees and third parties, with a zero-tolerance policy for retaliation. This platform saw 300 cases reported in FY25, an increase from 182 in FY24, and 35,757 employees have completed related training. In FY25, Richemont adopted an Anti-Bribery and Corruption Policy, which complements its Standards of Business Conduct, and maintains a zero-tolerance stance. A dedicated online training program on anti-bribery and corruption has been completed by 35,576 employees globally, covering compliance in all countries.

Kind to Animals

Richemont and its Maisons do not conduct animal testing of products, and they receive assurances from suppliers that no licensed products (fragrances and cosmetics) are tested on animals.

For animal-related operations, 84% of alligator and crocodile leather was sourced from International Crocodilian Farmers Association (ICFA)-certified farms in FY24, and 88% of bovine skins came from Leather Working Group (LWG)-certified tanneries in 2023. In terms of supplier oversight, 97% of purchased value from Tier-1 leather suppliers and 86% of Tier-2 leather suppliers were covered by audits in FY25.

No War, No Weapons

Richemont's revenue from guns, alcoholic beverages, and tobacco accessories accounts for significantly less than 1% of Group sales.

The company has demonstrated strict embargo compliance by suspending activities, including e-commerce, in Russia and stopping diamond sourcing from Russia since February 2022, ahead of G7 regulations. A restriction on Zimbabwe has also been in place since 2017. Richemont's Raw Material Sourcing Policy details compliance with UN sanctions and resolutions. The Board of Directors, supported by the Governance and Sustainability Committee, oversees sustainability and ESG matters, but there is no material defense business to oversee. Richemont is a signatory of the UN Global Compact since 2013, and its responsible sourcing standards and policies build on the UN Guiding Principles on Business and Human Rights. A dedicated human rights training module was launched in FY24. For conflict minerals, 99% of the Group’s Tier-1 diamond suppliers, 'façon' value, and gold components were RJC CoP-certified in FY25. Richemont has assessed that it only imports and processes in-scope minerals and metals in Switzerland from non-conflict-affected/high-risk areas. For gold, the company prioritizes countries with strict laws and excludes Conflict-Affected and High-Risk Area countries.

Planet-Friendly Business

The company's total Scope 1, 2, and 3 greenhouse gas emissions were 1,750,262 tCO₂e in FY25.

It has SBTi-validated targets to reduce Scope 1 and 2 emissions by 46% and Scope 3 emissions intensity by 55% per dollar value added by 2030, aligned with the 2015 Paris Agreement. In FY25, 72% of operational energy consumption was sourced from renewables. As of 2024, 22% of facilities are green certified. The waste diversion rate was 59% in FY25. In FY25, 13% of suppliers had SBTi-aligned targets. The company has conducted biodiversity screening and land-use assessments, with some sites taking actions to protect or restore ecosystems. Three environmental incidents were reported. A net-zero target is set for 2030. A TCFD risk and opportunity assessment has been conducted. Climate scenario analysis includes 1.5°C, 2°C, and 3°C+ pathways. In 2023, 2% of water withdrawals were from high or extremely high water stress areas.

Respect for Cultures & Communities

Richemont UK was found by a tribunal to have discriminated against an employee due to her race, specifically in the failure to shortlist her for promotion.

The HR team initially attempted to discourage and suppress the complaint, and Richemont responded by stating it would review its processes and procedures. The company supports the Peace Parks Foundation, which works to safeguard cultural heritage and natural resources. Richemont's Supplier Code of Conduct is available in 15 languages, and training modules for employees are provided in multiple languages.

Safe & Smart Tech

Richemont has established a robust AI ethics framework, including a Trustworthy AI Framework and Policy, and formed a Trustworthy AI Council in September 2024.

This Council regularly assesses the ethical, security, and legal implications of all AI systems within the Group. The company mandates a global eLearning program on data protection and privacy for all employees, with a new module launched in July 2024, and an average of 9.40 training hours per employee in 2024, covering topics like cyber-awareness and phishing. Richemont provides clear information and user-friendly mechanisms for individuals to control their personal data, including opt-out options for marketing and the right to access, modify, or delete data, with 30-40 deletion requests per month typically fulfilled within one month. The Group maintains a global privacy standard based on GDPR, adapted for local requirements such as China's PIPL. In FY25, 324 legal self-assessments were completed, and no significant fines (over CHF 100,000) for data privacy violations were adopted against Richemont or its affiliates during the reporting period to March 31, 2025.

Zero Waste & Sustainable Products

Richemont diverted 59% of its waste from disposal in FY25.

The company aims for 'zero waste to landfill' from major manufacturing and warehousing sites in the long term, but specific timelines are not provided. Richemont has implemented several waste reduction initiatives, including internal guidelines for reusing and recycling point-of-sale materials, a Circle Materials Platform that resulted in a 10% revalorisation of leather and textile inventory, and a Van Cleef & Arpels circularity pilot that salvaged 68% of demolition waste. Hazardous waste is identified and treated according to international and local regulations. This is supported by a Product Restrictive Substance List and a Chemical Management Framework. Richemont's products are renowned for their longevity and repairability. Its international Customer Service network performs over one million maintenance and repair interventions annually, and approximately 50% of in-house watch repairs involving watches over 15 years old. One environmental incident related to water effluent exceeding discharge limits was recorded in 2023 and addressed. Circular design principles are integrated into product development through Life Cycle Assessments and eco-design choices. The Supplier Code of Conduct encourages waste reduction, recyclability, and the circular use of raw materials. YNAP's Digital ID program aims to build customer understanding of product origin and end-of-life to foster a circular culture.