PUBLIC
CSR webinar 
for sell-side analysts
March 2021

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

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

GOVERNANCE
Management of CSR at Richemont:
Board of
Directors
CFO
Member of the Board 
of  Directors and the 
Senior Executive 
Committee
Group CSR 
Director
Group CSR
Committee
Governance and 
Sustainability
Committee
CSR Function
• 4 Non-executive Directors, 
including the Lead Independent 
Director (Chairman)
• 3 ESG specialists
• Invitees: 3 senior executives 
(including the CFO) and 5 other 
executives 
• Representatives from Maisons
• Representatives from Internal Functions
• Invitees: 4 Non-executive Directors
including the Lead Independent Director

MATERIALITY MATRIX
•
Human rights & labour 
standards in the supply chain
•
Transparency and traceability 
of raw materials
•
Biodiversity
•
Circular economy
•
Diversity & inclusion
•
Positive social impact
•
Climate change & other 
environmental impacts
•
Craftsmanship
•
Governance & ethics
•
Health, safety & employee 
well-being
•
Packaging & waste
•
Trade in protected species & 
animal welfare
• Non-governmental (NGO) & civil 
society engagement
•
Community investment
•
Customer experience
•
Data protection & cyber 
security
•
Product design, creativity & 
quality
•
Talent & lifelong learning
Lower
Impact on the business
Higher
Higher
Importance to stakeholders
Top priority 
material issues
Other material 
issues
Issues managed 
as part of being 
a responsible, 
well-run 
business

GEN Z MATERIALITY MATRIX
•
Climate change & other 
environmental impacts
•
Transparency and traceability 
of raw materials
•
Biodiversity
•
Circular economy
•
Diversity & inclusion
•
Positive social impact
•
Craftsmanship
•
Customer experience
•
Data protection & cyber 
security
•
Governance & ethics
•
Health, safety & employee 
well-being
•
Human rights & labour 
standards in the supply chain
•
Packaging & waste
•
Product design, creativity & 
quality
•
Talent & lifelong learning
•
Trade in protected species & 
animal welfare
• Non-governmental (NGO) & civil 
society engagement
•
Community investment
Lower
Impact on the business
Higher
Higher
Importance to stakeholders
Top priority 
material issues
Other material 
issues
Issues managed 
as part of being 
a responsible, 
well-run 
business

FOCUS AREA: PEOPLE
› Commitment: to offer a caring, safe and 
inclusive work environment where our 
people keep on learning, and feel 
empowered to act and innovate by:
Contributing to the overall wellbeing of our 
employees
Providing lifelong learning to preserve 
craftsmanship and enhance the employability 
of our people
Promoting diversity, equity and inclusion within 
our workforce
50% 
of managers are women
c.125
nationalities working together
66 724
completed training sessions, 
covering 46% of workforce

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
Global DEI community: 3 regional heads, 40 DEI Champions, 
Group DEI Council and local DEI boards
Permanent seat at our Corporate and Sustainability 
Committee 
› Participation in the NY Fashion Tech Lab 2021 
Program
› RAISEfashion in partnership with another nonprofit, 
#ANTIRACISMFUND, have created a pipeline 
internship programme from Historically Black Colleges 
and Universities (HBCUs)
Retail Academy

FOCUS AREA: SOURCING
› Commitment: to sourcing responsibly –
respecting responsible business practices, human 
and labour rights, animal welfare and the 
environment
› We will continue to work collaboratively with 
industry organisations and our business partners 
to promote best practices across our full supply 
chain
Securing responsible practices in our supply chains and 
sourcing activities, with rigorous due diligence
Implementing transparency and traceability in raw 
material sourcing
Promoting care for the environment
Delivering positive social impact
› Our long term goal is the traceability of all raw 
materials used in our products 
Over 95% of the gold we 
purchase is RJC ‘Chain of Custody’ 
(CoC) certified and comes from 
recycled origins, usually industrial 
scraps or old jewellery
C.100% of our Tier 1 diamond 
suppliers are ‘Code of Practices’ 
(CoP) certified by the Responsible 
Jewellery Council (RJC) 
Over 90% of the leather we use 
for leather goods products comes 
from bovine sources, and  with 
100% of our bovine leather being a 
by-product of the food industry
We ensure100% of our 
diamonds are natural, untreated 
and Kimberley Process certified

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, including regular third-party audits.
› Diamonds: We are working to map our Tier 2 suppliers to onboard them RJC CoP; 
OECD-based due diligence process, as well as a complaints mechanism to handle 
breaches or offenses. 
› Coloured stones: We have started work to ensure all of our Tier 1 suppliers for rubies, 
sapphires and emeralds are RJC CoP 2019 certified; OECD-based due diligence 
process, as well as a complaints mechanism to handle breaches or offenses. 
› Leather: We have partnered with third parties (BSR, Leather Working Group, ISO 
14001, ICEC, ITECH and others) to define best animal welfare and environmental 
practices, promote traceability and monitor the network.  At each stage of the 
supply chain (husbandry, slaughter, tannery, manufacturer), we have clear areas of 
focus. We are aiming to source close to 100% European cattle, up from 80% 
currently, to help reduce GHG emissions; audits in line with ETI standards for 
manufacturers at Tier 1, 2 and tanneries.
› Exotic skins: We have undertaken extensive work to map, mitigate and audit the 
risks in our supply chain. The Group has partnered with a number of third parties 
(CITES, IUCN, ICFA, SARCA) to define best animal welfare and environmental 
practices, promote traceability in the supply chain and monitor the network. At 
each stage (natural habitat, farms, tanneries and manufacturers), there are clear 
focus areas, including projects to protect wetlands, biodiversity conservation and 
carbon sequestration; audits in line with ETI standards.
› Textiles (F&A Maisons): “journey” has started with the launch of a Group task force 
to map our textile supply chain and formulate a comprehensive strategy and 
targets across our F&A Maisons

FOCUS AREA: ENVIRONMENT
› Commitment: to reduce our 
environmental impact and design 
sustainable products by:
Embedding circularity in our products and 
business models
Ensuring a high level of environmental 
stewardship across all activities
Minimising our greenhouse gas, water and 
waste footprint
Carbon neutral with offsets 
since 2009
Since 2010, 100% of our new 
manufacturing facilities have been 
designed with special care for the 
environment
64% of the electricity used in our 
buildings is generated from 
renewable sources such as hydro, 
solar or wind
Targeting 100% by 2025
Peace Parks Foundation, Maputo Special Reserve

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 Science-
Based Targets
› Waste and water data: committed to collect data and 
file CDP Water questionnaire in 2021
› Plastic Shift Initiative: studying types and volumes used 
by all Maisons with aim to reduce
Richemont joined the
RE100 initiative 
in February 2021

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 
on 
Providing support to our communities in ways that 
align with the values of our Maisons and businesses, 
and support Richemont’s key investment themes
Collaborating with partners and measuring the 
impact of our programmes
Encouraging our people to volunteer in local 
communities
5 203
Hours of volunteering 
time by employees 
around the world in 2019

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 sporting excellence
Fondation Cartier pour l’art contemporain to promote both
new and world-renowned artists
Peace Parks Foundation supporting sustainable economic 
development, the conservation of biodiversity and regional 
peace and stability
› Other community initiatives
Cartier joins Lion’s Share Fund, led by UNDP, to tackle the 
crisis in nature, biodiversity and climate
Montblanc initiatives with UNICEF to promote children’s 
education and literacy 
Van Cleef & Arpels developed a partnership with 
Bibliothèques Sans Frontières (Libraries Without Borders)
Laureus Sports for Good Foundation

CSR RATING AGENCIES AND INDICES
› Richemont has been rated by the following agencies
› Richemont is part of a number of ESG indices
SXI Swiss Sustainability 25 
STOXX® Global ESG Leaders indices
SPI ESG Select Total Return Index
MSCI Switzerland ESG Leaders Index
Agency
Score as of 
March 2021
Rank
Out of
Best in 
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%
AAA
Only one company rated AAA = Adidas in our universe
S&P Global 
(RobecoSAM)
26
64th 
percentile
87
Industry average of 31
ISS ESG
C-
19
90
Top 30%
B-
Best rated peer is at C+
Vigeo Eiris
54
4
20
Score has increased each over the last 2 years, rated "Robust" 
Above information as provided by respective rating agencies

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
Disclosures steered to the Sustainable Development Goals (SDGs), including mapping of 
issues
Acceleration of our project to set Science Based Targets for decarbonising our business 
operations
Reporting methodology will evolve to report on gaps between GRI Standards (our current 
methodology) and SASB

PUBLIC
APPENDIX

KEY AREAS OF PROGRESS IN 2019/20 - PEOPLE

KEY AREAS OF PROGRESS IN 2019/20 - SOURCING

KEY AREAS OF PROGRESS IN 2019/20 - COMMUNITIES

KEY AREAS OF PROGRESS IN 2019/20 - ENVIRONMENT

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 • AZ Factory • Chloé • dunhill • Montblanc • Peter Millar • Purdey • Serapian