SUPPLIER CODE OF CONDUCT

01.2022

TABLE OF CONTENTS
1. RICHEMONT RESPONSIBLE SOURCING PRINCIPLES

2

2. GENERAL REQUIREMENTS

3

3. LABOUR PRACTICES AND HUMAN RIGHTS

5

4. ENVIRONMENT

8

5. APPLICATION AND IDENTIFICATION OF CONCERNS

10

6. RESPONSIBLE SUPPLY CHAIN CRITERIA11

SUPPLIER CODE OF CONDUCT ACKNOWLEDGEMENT OF TERMS

14

1. RICHEMONT RESPONSIBLE SOURCING PRINCIPLES
Richemont owns several of the world's leading Maisons

For the purposes of this Code, any references toand companies in the field of luxury goods and has a

Richemont shall also apply to its individual Maisons andlong-standing

operating entities. If suppliers have any questionscommitment

to

doing

business

responsibly.

relating to how to apply the principles and practices
outlined below, they are advised to contact theirRichemont’s Movement for Better Luxury, as defined inrelationship manager.

our Group’s CSR (Corporate Social Responsibility)
strategy, aims to create benefits for all. We aspire to

To ensure that the requirements of this Code of

improve the way luxury is created in a manner which is

Conduct are consistently met and that adhering to it

more sustainable and responsible. We aim to create acan be verified, we expect our suppliers to put in place

positive impact for the many different stakeholders

appropriate

involved in Richemont’s value chain.

processes. Suppliers acknowledge that we may•

supplychainsthroughthebusiness

improvement. In all circumstances, in the event ofcontradiction between the translated versions of the

Securing responsible practices throughout our

Supplier Code of Conduct, the English version shall

supply chains and sourcing activities.
•

andboth verify compliance and support continuous

followingcommitments:•

systems

conduct monitoring visits or require third party audits to

We are committed to improving sustainability inourmanagement

prevail in the case that any legal disputes arise.

Implementing transparency and traceability in
raw material sourcing.

••

Embedding care for the environment in our

1.1 SUSTAINABLE DEVELOPMENT GOALS (SDGS)

operations and business decisions.

The SDGs set by the United Nations in 2015 define

Delivering positive social impact.

global priorities and aspirations for 2030. Richemont iscommitted to supporting the SDGs through its businessWe need the involvement of our suppliers to achieve

activities and asks its suppliers also to do their best by

our sourcing commitments. We therefore require that

putting the world on a sustainable path. At theour suppliers adhere to this Code of Conduct, andbeginning of each chapter, you will find which SDGs will

ensure their operations comply with the relevant

be influenced positively by complying with the relevant

principles.

requirements.

We

also

expectthat

oursuppliers

communicate and require their own contractors andvendors to incorporate these principles into theirbusiness policies and practices.
We expect our suppliers to comply with the principles
stipulated in the:•Conventions

of

the

International

LabourOrganization (ILO).
•

Universal Declaration of Human Rights (UDHR).

1.2 READING INSTRUCTIONS•

United Nations Global Compact (UNGC).

We request our suppliers to carefully read this Code.

•

Convention on the Elimination of all forms of

Sections 1 to 5 are applicable to all suppliers. Section 6summarises the Responsible Supply Chain criteria

Discrimination Against Women (CEDAW).
•

applicable to the suppliers of our raw materials andOrganisation for Economic Co-operation andDevelopment(OECD)

Guidelines

components. Once you have taken notice of theforapplicable requirements, you must acknowledge theMultinational Enterprises.

terms on the last page. Clarification for specific terms
may be found in the Richemont glossary.

2022 Richemont Supplier Code of Conduct2

2. GENERAL REQUIREMENTS

2.1 GENERAL LAWS & REGULATIONS

Suppliers must neither be involved nor implicated, in

Suppliers shall comply with all applicable laws andany way, in any act of corruption for either their own

regulations relating to their activities and the countries

benefit or that which could compromise the making ofin which they operate. In doing so, suppliers must put inobjective and fair business decisions. Suppliers must

place appropriate systems and controls to ensure

take steps to ensure that improper payments are notcontinued compliance.

offered or made, or solicited or received, in the
conduct of their business.

Where there are differences or conflicts between thisCode of Conduct and local laws and regulations, theSuppliers must put in place a non-retaliation policy tohigher standard should always prevail. Richemont hasprotect employees voicing a concern, or refusing to

put in place its own standards aimed at protecting andengage in an act of bribery or corruption.

valuing its employees. These include equality anddiversity, health and safety, acting with integrity

2.4 ANTI-MONEY LAUNDERING(including anti-bribery and corruption, anti-money
laundering,human

rightscompliance,

Richemont will not tolerate money laundering or thefinancialfinancing of terrorism.

transparency, environmental protection, etc.), andSuppliers must implement Know Your Counterparty

maintaining the trust of clients and stakeholders(KYC) procedures to ensure that business associates(including competition and antitrust, data protection

and customers are not involved in any form of criminaland privacy etc.). These standards are reflected in thisCode of Conduct.

activity.

2.2 BUSINESS INTEGRITY

2.5 COMPETITION & ANTITRUSTRichemont’s culture and philosophy is based on the

Suppliers must strictly comply with competition laws(also known as antitrust laws), which promote free andbeliefs of integrity, honesty and respect.

fair competition around the world.

We encourage our suppliers to establish their own
policies that share our culture and philosophy.

Suppliers must ensure they do not engage in discussions

Suppliers shall act with integrity and promote trust bycompetitors) that would lead to the allegation oror activities (e.g. at trade associations or withensuring that their business conduct contributes toappearance of improper, anti-competitive behaviour.

credible, stable and sustainable business relationships.

2.6 DATA PROTECTION & PRIVACY

2.3 ANTI-BRIBERY & CORRUPTION

Suppliers shall comply with their obligations under all

Suppliers shall comply with all laws and regulations, andrelevant data protection and privacy laws andany related standards, that are relevant to avoiding

regulations. In doing so, suppliers shall implement

bribery and corruption in all countries in which they

appropriate technical and organisational measures to

conduct business.

protect any personal data they possess against
unauthorised or unlawful processing, and against
accidental loss, destruction, damage, alteration, ordisclosure.

2022 Richemont Supplier Code of Conduct3

Where suppliers process personal data on behalf of

2.9 SUSTAINABLE PRODUCT DEVELOPMENT

Richemont, they will do so in accordance with our

Suppliers are encouraged to factor appropriate

written instructions, and enter into any relevant data

environmental and social considerations into the fullprocessing agreement required to ensure that suchlifecycle of their processes, technologies, products andprocessing

data

packaging in order to optimise the environmental

protection laws and regulations. Where necessary,

performance of their products through the product life

Data Protection Impact Assessments (DPIAs) shall becycle, and to maximise opportunities for positive social

completed to analyse, identify, and minimise the data

impact. Where feasible, products, packaging andprotection risks of any relevant project or engagement.

packing shall be designed in accordance with circulariscompliant

with

all

relevant

economy principles such as eco-design & ecoefficiency (including aspects of recyclability, waste

2.7 PRODUCT & TRADE COMPLIANCE

reduction, and reusability, to limit the use of resources),

To protect our customers, employees and all otherstakeholders, and fulfil our obligations to protect theand avoid planned obsolescence.

environment, our suppliers should have a conformity

Suppliers shall be ready to provide the relevant data toassessment in place to ensure compliance of the
products supplied to Richemont.

establish a life cycle analysis of the offered service or

The Conformity

product.

Assessment (as defined in ISO/IEC 17000 – 2020) is madeagainsttherelevant

andapplicableproduct

regulations and industry standards. Likewise, whereapplicable, the supplier should maintain, and makeavailable on demand, the related proofs of conformity
and other supporting documents associated with the
product and its Conformity Assessment (Test Reports,
Declaration of Conformity, Certificates of Conformity,
Bill of Materials, Safety Data Sheets, User Guides, etc.).
Suppliers

shallconduct

theiroperations

in

full

compliance with all applicable international trade rules
and related standards, including but not limited tocustoms regulations, non-tariff barriers, international
agreements, transportation conventions, trade andeconomic sanctions, and anti-boycott rules.

2.8 SECURITY
Suppliers shall assess risks and implement measures toensurethesafetyandsecurityofemployees,

contractors and visitors in their operations.
Suppliers shall ensure that all security personnel respect
the human rights and dignity of all people and aretrained on the issue.
Suppliers shall ensure the physical integrity and securityof people and cash-convertible valuables in theiroperations and during transportation to or from theiroperations to avoid the encouragement of fraud,crime and related anti-social behaviour.

2022 Richemont Supplier Code of Conduct

43. LABOUR PRACTICES AND HUMAN RIGHTS

3.1 HUMAN RIGHTS

3.2 NO DISCRIMINATION

Suppliers shall respect all international human rights

People shall be treated equally and fairly. Suppliers

norms and commit to implementing the requirements

may not engage in any form of discrimination.

contained in the United Nations Guiding Principles on

Particularly (but not exclusively) regarding wages,

Business and Human Rights.

hiring, access to training, promotion, or caregiver
protection based on sex, race, colour or ethnic origin,

Suppliers shall avoid causing or contributing to adverse

nationality, religion, age, disability, sexual orientation,

human rights impacts through their own activities andgender identity, pregnancy, maternity, paternity,

address such impacts when they occur. Suppliers shallhealth status, social background, political affiliation or

also seek to prevent or mitigate adverse human rights

union membership.

impacts that are directly linked to their operations,

Suppliers shall:products, or services, even if they have not contributed
to those impacts.

•

Suppliers shall provide all information reasonably

employees.

required by Richemont as part of its human rights due•

diligence process. As part of this due diligence,

Ensure no discrimination or harassment, physicalor psychological violence.

Richemont requires suppliers (as appropriate to their•size) to have in place:•

Provide appropriate human rights training to all

Promote equality of opportunity and inclusion for
all employees through policies and practices.

Strong management systems addressing human•

Recognise the importance of a balanced

rights compliance, including a publicly available

workforce where diversity is valued as a source

policy commitment to meet their responsibility toof enrichment and opportunity.

respect human rights.
•
•
•

•

A process to identify and assess human rights risks

3.3 NO HARSH OR INHUMAN TREATMENT

and impacts.

Suppliers shall prohibit physical abuse or discipline, theA strategy to respond to identified human rights

threat of physical abuse, sexual or other forms ofrisks, including adequate training.

harassment including gender-based violence, andA process to enable the remediation of any

verbal abuse or other forms of intimidation, according

adverse human rights impacts they cause or toto the definition of ILO Convention 190.

which they contribute, and to track responses.

Suppliers shall:

A program to evaluate, either through thirdparty or internal audits, the compliance with•

Not make use of or condone such practices.

human rights of both their operations and the•Clearly communicate applicable disciplinary
processes and procedures to employees.

operations of their suppliers.
••

Communication with stakeholders on steps

that

investigation

taken to respect human rights and prevent

grievance
processes

proceduresareincommunicated to all employees.

modern slavery.

2022 Richemont Supplier Code of Conduct

Ensure

5

place

and
and

3.4 FREELY CHOSEN EMPLOYMENTWages should always be enough to meet basic needs

Suppliers shall not use forced labour, including bonded,and to provide some discretionary income. This means

indentured, or involuntary prison labour, or engage insuppliers should promote living wages. A living wage isany form of modern slavery or human trafficking.

a remuneration received by a worker for a standard

Workers are not required to lodge ‘deposits’ or theirworking week, sufficient to afford a decent standard ofidentity papers with their employer, and are free toliving for the worker and their family.

leave their employer after reasonable notice. Suppliers

Suppliers shall ensure equal remuneration for work ofshall monitor relationships with recruitment agencies forequal value according to the Equal Pay Internationalrisks of human traffic.

Coalition (EPIC).

3.5 CONTRACTUAL AGREEMENTS

Before they enter employment, all workers shall be

Suppliers and their subcontractors must establish inprovided with written and understandable terms andconditions with regards to their wages for the defined

writing the terms and conditions of their employees’

pay period.

agreements and work contracts. The conditions of theemployment contracts should follow the most stringent

Suppliers shall compensate overtime hours at regular orinternational standards and laws that are currently inpremium

force. Said work agreements must promote stable

permission of the worker concerned.

There shall be no instances of subcontracting or home
writtenpermissionof

3.8 WORK HOURS

Richemont.

Suppliers shall ensure normal working hours comply with
ILO conventions, as well as with national legislation or

3.6 NO CHILD LABOUR

the prevailing industry standards.

No person shall be employed under the age of 15, orSuppliers shall:an age lower than the local minimum age for
employment

andcompletionofmandatory•

education, whichever is highest.

working week.

18 shall only occur if the supplier has special•

procedures in place for young work. These procedures

circumstances where all of the following criteria

conditions, night work, working hours not allowing
mandatory

education,

The total hours worked in any 7-day period shallnot exceed 60 hours, except in exceptional

shall include the prohibition of hazardous workofEnsure normal working hours shall not on aregular basis exceed a maximum of 48 hours per

The employment of juvenile workers below the age ofcompletionlegal

not provided for by national law, without the express

have the right to work, including illegal immigrants.
prior

applicable

not be permitted, nor shall any deductions from wages

Suppliers must not employ any workers who do not

the

to

Deductions from wages as a disciplinary measure shall

employees that are protected by the applicable laws.

without

accordingrequirements.

employment and will not violate the rights ofworking

rates,are met:ando This is allowed by national law.

guaranteeing protection for the healthy physical andmental development of the child.

o This is allowed by a collective bargaining

3.7 WAGES AND BENEFITSo Appropriate safeguards are taken to protect

agreement.

workers’ health and safety.

Wages and all legally mandated benefits (e.g. medicalo The

insurance, social insurance, pensions, and so on) paidlegalstandards

orindustry

demonstratethat

unexpected production peaks, accidents, or

benchmarkemergencies.

standards, whichever is highest. For piece-rate workers,•

their working day shall give at least the equivalent of a

Overtime

shall

be

voluntarycompensated at a premium rate.

minimum day-wage.

2022 Richemont Supplier Code of Conductcan

exceptional circumstances apply, such as

for a standard working week must meet, at a minimum,
national

employer

6

and

be

•

Weekly

rest

and

paid

annualleave

inWorkers must have access to water that is safe to drink,accordance with (at a minimum) national

adequate

legislation and applicable sector regulations will

restrooms and facilities, and, where relevant, safe andabide by all legally mandated provisions forhygienic accommodation which meets the highest

leave,

industry standards and allows for privacy, security, andincludingmaternity,

paternity,

andcompassionate leave.
•

Workers shall be provided with at least one day

protect pregnant and nursing women, as well as young
people (e.g. apprentices).
Suppliers shall investigate all occupational health andsafety accidents involving their employees and workers

Suppliers shall allow workers to freely choose to join or

to identify the root causes and determine thenot join a workers’ association of their choice.

necessary corrective actions to prevent reoccurrence.

Suppliers shall:

Suppliers must put in place appropriate procedures

Adhere to applicable laws and collective

regarding occupational health and safety, keep thembargaining agreements where such agreements

up-to-date and make sure they are communicated.

exist.
Support parallel means of dialogue such as theimplementationofrepresentation,anddialogue

betweengender-specificSuppliers shall take the appropriate measures to

3.9 FREEDOM OF ASSOCIATIONAND COLLECTIVE BARGAINING•

includinggender separation.

off in every 7-day period.

•

sanitation,collective

employeerobusteffective

andmanagement

3.11 COMMUNITY IMPACT
Suppliers shall respect the communities in which they
operate. Richemont encourages suppliers to make aandpositive social impact in the related communities by

employees where laws prohibit or limit thesecontributing

freedoms.

theireconomic welfare.

3.10 HEALTH AND SAFETY
Suppliers shall comply with all applicable health andsafety laws and regulations by providing a safe andhealthy working environment and assign responsibility
for health and safety to a senior management
representative.
Suppliers shall have a process in place to identify thehealth and safety risks associated with their operations,determine the relative significance for each risk, andimplement the appropriate risk mitigation actions.
Workers shall be informed of these significant risks totheir health and safety.
Workers shall receive regular and recorded health andsafety training, and such training shall be repeated for
new or reassigned workers.
Suppliers provide all their employees and workers witha safe and healthy workplace that guarantees basic
safety and adequate emergency procedures andphysical requirements, including fire alarms, exits, andemergency drills, free personal protective equipment,
safety equipment, and training appropriate to the task,
as well as access to emergency medical care.

2022 Richemont Supplier Code of Conductto7

social,environmentaland4. ENVIRONMENT

4.1 ENVIRONMENTAL MANAGEMENT& COMPLIANCE
Suppliers

shallcomplywith

Emissions and discharges of pollutants and generationof waste are to be minimised or eliminated at theallapplicablesource, or by practices such as adding pollution control

environmental laws and regulations.
Allrequiredenvironmental

equipment, modifying production and maintenancepermits,

processes, or by other means.

licences,

information registrations and restrictions shall beobtained,

and

their

operationaland

4.3 ENERGY USAGE AND GREENHOUSEGAS (GHG) EMISSIONS

reportingrequirements followed.

Suppliers shall monitor their energy consumption and

Suppliers should use appropriate methodologies totake actions to reduce greenhouse gas emissions andidentify and assess the risks of harm in their own

combat climate change.

operations and those of their business partners, andThey shall:carry out risk-based due diligence.

•

Suppliers shall:•

Identify and assess risks.

•

Identify

opportunities

footprint and provide data to Richemont uponrequest.
to

reducethe•environmental impact and promote, whereTakemeasurestoprevent

andEstablish plans and targets to continuously
reduce the greenhouse gas emissions of theirfeasible, partnerships for climate protection.
•

Collect and record data linked to their carbon

activities.

mitigate•

environmental risks and impacts (especially

Demonstrably increase the use of renewableenergy.

climate change, see chapter 4.3).
•

Have a methodology to track and monitor.

4.4 WATER•

Have necessary communication in place with

Suppliers shall have sustainable water management

the relevant stakeholders.

practices in place.

•

Providetraining

and

information

about

environmental risks and controls to all relevant
employees, in a format and language they can•

They shall:•Collect and record water data and provide
data to Richemont upon request.

easily understand.

•Establish plans and targets to reduce andrecycle water.

4.2 RESOURCE REDUCTION AND
POLLUTION PREVENTION

Wastewater shall be treated and purified to respect

We ask our suppliers to do their best to continuously

local legislation and prevent pollution.

minimise their resource consumption (e.g. fossil fuels,

Suppliers located in water-scarce regions shall havefossil-fuel based virgin plastics, water and virgin forest

strong water management systems in place andproducts) and environmental impact (e.g. emissions,collect

pollutants and waste). We ask our suppliers to promote

(e.g.

water

withdrawals,

water

consumption, wastewater and recycled water) tothe circular use of raw materials.

2022 Richemont Supplier Code of Conductdata

minimise adverse impacts to the local community.

8

4.5 WASTE

4.7 BIODIVERSITY

Suppliers shall prevent pollution and identify significant

Suppliers

sources of waste and manage the identified wastebiodiversity.

responsibly.

Suppliers shall

Suppliers shall:
•

•

and

minimiseseek

opportunities for

impactsonbiodiversity

Collect and record data linked to waste

Suppliers shall make their best efforts to generate

production and provide data to Richemont

positive impact on biodiversity and the livelihoods ofupon request.

local people.

Establish plans and targets to reduce andSuppliers in the mining sector shall not explore or minein World Heritage sites. They shall identify Key

economy principles (reduce, reuse, recycle andBiodiversity Areas (according to the IUCN Global

recover).

Standard for the identification of Key Biodiversity Areas)

Dispose of waste in compliance with theaffected by their operations and have mitigation tools

applicable laws or, where such laws do not exist,

in place to minimise impacts on biodiversity.

in line with international standards.
•

avoid

conservation linked to their activity.

recycle waste, and apply where feasible circular

•

shall

Do their best to prevent waste going to landfill.

4.6 CHEMICALSSuppliers shall comply with all applicable laws andregulations regarding the restriction and registration
and, where necessary, authorisation or notification ofchemical substances contained in the end product or
production

process,

accordingtothestatutory

requirements that apply to the corresponding market(e.g. EU REACH regulation).
In addition, suppliers shall adopt new processes andbest practices, to reduce the environmental impact
and health and safety concerns relating to chemical
use.
Suppliers shall maintain an inventory of hazardous
substances at their facilities. Safety data sheets (orequivalent) shall be accessible wherever hazardous
substances are used. Chemicals shall be correctly
labelled and their associated risks shall be clearly andactively communicated to all employees who workwith them.

2022 Richemont Supplier Code of Conduct

9

5. APPLICATION AND IDENTIFICATION OF CONCERNS

5.1 GENERAL COMPLIANCE

5.3 EVALUATION

Richemont expects its suppliers to communicate theRichemont will be entitled to request information fromprinciples of this Code of Conduct to their employees,

its suppliers as to their compliance with the terms of thissubcontractors and relevant third parties with whom

Code of Conduct.

they do business, and to ensure said principles are

Where necessary, Richemont may require suppliers tointegrated into the respective operations.

provide evidence of their compliance by way ofSuppliers shall proactively report any existing or

independent verification or appropriate certification.

potential issues they have with the requirements set out

Richemont reserves the right to have products andin this Code of Conduct, along with their proposedmaterials independently tested to establish whether

remediation plans for consideration by Richemont.

the suppliers comply with the terms of this Code of
Conduct.

5.2 REPORTING CONCERNS & SPEAKING UP

Richemont will be entitled to request data and to visit

Suppliers shall have in place systems to enablesuppliers’ production facilities and the facilities of their

independent grievance and speaking up measures toown subcontractors and suppliers, or have these visitedallow employees, subcontractors and relevant thirdby an independent third-party verification company,

parties to report actual or suspected misconduct

to establish compliance with this Code of Conduct.

anonymously without threat of reprisal, intimidation orharassment.

5.4 NON-COMPLIANCE

Suppliers must take all reported concerns seriously andRichemont reserves the right to terminate any businessensure that they will be addressed in a fair, honest, andrelationships with any supplier that violates this Code oftimely manner respecting confidentiality requirements.

Conduct, or whose suppliers or subcontractors violate
thisSuppliers shall investigate and take corrective action if

Code

of

Conduct.

In

caseviolationsareneeded, and record them.

uncovered, Richemont will work with the supplier to findConcerns about work being done on behalf ofimprovement, in the first instance.

appropriate

Richemont, or suspected misconduct with regard to

remediation

andleverageforIn the case where the supplier shows structural

this Code of Conduct may also be reported towhistle.blowing@richemont.com.

unwillingness to cooperate and improve, ending theRichemont will investigate any concern raised and,to terminate a relationship with a supplier for Codebusiness relationship shall be a last resort. The decision

where feasible, discuss findings with the supplier andviolations will only be taken when steps to mitigate

respect confidentiality requirements.

2022 Richemont Supplier Code of Conduct

negative impacts have failed or are not feasible.

106. RESPONSIBLE SUPPLY CHAIN CRITERIA

The

requirements

described

in

this

section

6.3 RESTRICTED SUBSTANCES

areapplicable to raw materials, components, and finishedSuppliers must guarantee that the products they supply

goods suppliers. They support the Richemont ambition

to Richemont comply with the latest version of thefor a long-term sustainable supply chain, and are inRichemont Product Restricted Substances List (PRSL).

addition to the requirements of the previous sections.

Richemont requires its suppliers to make sure that theirown supply chain incorporates these regulations into

6.1 TRANSPARENCY AND TRACEABILITY

their own business policies and practices.

Suppliers of raw materials and components shallactively engage their supply chain to increasetransparency

therein.

Richemont

6.4 ANIMAL WELFARE

considers

Suppliers shall treat animals well and respect the Fivetransparency as the capacity to identify the name andFreedoms of Animal Welfare:location of all actors in the upstream supply chains until
the origin of the raw material.

•

Freedom from hunger or thirst by ready accessto fresh water and a diet to maintain full health

Whenever possible, suppliers shall identify and trace

and vigour.

the history, distribution, location, and application of•

products, parts, and materials. In the sustainability

Freedom from discomfort by providing anappropriate environment including shelter and acontext, traceability is a tool to assure and verify

comfortable resting area.

sustainability claims associated with commodities andproducts, ensuring good practice all along the supply•

chain.

Freedom from pain,

injury or

diseaseby

prevention or rapid diagnosis and treatment.
•

Traceability shall be robust and verifiable. Suppliers shall

Freedom to express the most normal behaviour
by providing enough space, proper facilities andprovide traceability records and information uponcompany of the animal's own kind.

request.
•Any changes regarding the name and location of

Freedom from fear and distress by ensuringconditions and treatment which avoid mental

supply chain actors shall be notified to Richemont.

suffering.

Traceability information may be verified by a third-

In addition, suppliers shall apply the Responsible Luxury

party auditing company.

Initiative Animal Sourcing Principles as they relate to thecatching,

6.2 ENVIRONMENTAL MANAGEMENT SYSTEM
Manufacturing

and

raw

material

recommendedtoestablishansuppliers

maintaining,breeding,

raising,transportation, handling and slaughter of live animals,
ifareapplicable

to

the

products

thesuppliers

manufacture.

environmental

management system (e.g. ISO 14001) to meetenvironmental compliance obligations and mitigate

6.5 ENDANGERED SPECIES

impacts. Suppliers shall have an environmental action

Suppliers shall fully comply with special international

plan and monitor their environmental impacts.

and local regulations, as well as with the Convention
on International Trade of Endangered Species (CITES),

Manufacturing and raw material suppliers shall share

regarding the procurement, import, usage and export

their environmental action plans with Richemont uponofrequest.
2022 Richemont Supplier Code of Conduct

raw materials sourced from endangered orprotected species.
116.6 DUE DILIGENCE FOR MINERALSSuppliers shall:

Suppliers in the gold, silver, Platinum Group Metals•(PGMs), diamonds and coloured gemstones supply

Provide only natural, non-treated diamonds fromlegitimate sources that strictly conform to ourchains shall exercise and document due diligence in

specifications regarding quality and naturality.

accordance with the OECD Due Diligence Guidance•for Responsible Supply Chains of Minerals from Conflict-

Provide full and complete disclosure of thephysicalAffected and High-Risk Areas, and the Richemont Raw

characteristics

of

the

stones,incompliance with national and international laws

Materials Sourcing Policy.

and industry best practice.

Small and medium-sized enterprises (SMEs) shallconduct due diligence appropriate to their size andSuppliers that are engaged in the cutting andcircumstances, but which includes, at the least, apolishing of diamonds shall use cobalt-free, diamond-policy, a fit-for-purpose due diligence process, and a

impregnated scaifes.

process to enable remedy. Richemont may support

Where Richemont

SMEs in their due Diligence processes. In such cases,

has purchased diamonds for

suppliers to use in products supplied to Richemont,

access to supply chain information is necessary.

suppliers shall exclusively use those diamonds and not
substitute them.

6.7 GOLD, SILVER AND / OR PLATINUM GROUP *Suppliers in the gold, silver and PGM supply chain are

6.9 COLOURED GEMSTONES

required to become certified with the Responsible

Suppliers in the coloured gemstones supply chain shall

Jewellery Council’s (RJC) Code of Practices. Other

provide assurance as far as possible that gemstones

standards will be considered if their equivalence canare mined and processed in ways that respect humanbe clearly demonstrated.

and labour rights, are conflict-free and do not inflict
environmental damage.

Suppliers shall provide assurance as far as possible that
gold, silver and / or PGMs being supplied have been

Suppliers shall actively engage their supply chain torecycled or mined responsibly in a manner that

increase transparency and implement a due diligence

respects human and labour rights, is conflict-free, andprocess. To do so, they are encouraged to use the tools

does not inflict environmental damage.

provided by the Gemstones and Jewellery Community
Platform.

6.8 DIAMONDS*

Suppliers in the coloured gemstones supply chain are

Suppliers in the diamond supply chain are required tostrongly encouraged to become certified with the RJC

become certified with the RJC Code of Practices.

Code of Practices. Other standards will be considered

Other standards will be considered if their equivalence
can be clearly demonstrated.

if their equivalence can be clearly demonstrated.

Suppliers shall adhere to the Kimberley Process

Suppliers shall provide full and complete disclosure of
the physical characteristics of the stones (including

Certification Scheme (KPCS) and the World DiamondCouncil(WDC)

voluntarysystemsofdetailed information on treatments), in compliancewarranties,

with national and international laws and industry best

thepurposes of which are to promote universal

practice.

standards on human rights, labour rights, anti-money
laundering and anti-corruption practices. Suppliers
shall confirm on every invoice the WDC warranty

6.10 LEATHER AND FUR

statement.

We strongly encourage leather suppliers to reduce theenvironmental impact of the sourcing of bovine skins(prefer local origins). Suppliers must be aware of their
indirect impact on deforestation and actively work to* The requirements for the RJC certification included in paragraphs 6.7 and 6.8 are to be considered as an encouragement for suppliers ofRichemont’s Online Distributor businesses (such as, for example, YOOX NET-A-PORTER GROUP and Watchfinder & Co.).

2022 Richemont Supplier Code of Conduct

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not contribute to it. Richemont reserves the right to6.13 TEXTILES

obtain information on deforestation risks.

Suppliers shall have high standards of environmental
stewardship. They shall especially:

Leather suppliers are strongly encouraged to haveenvironmental certification in place (e.g. ISO 14001,•

Use water efficiently and responsibly.

LWG), and to implement actions to reduce the•Promote the protection and restoration ofenvironmental impact of the tanning processes.

biodiversity, and ensure no detriment to natural
ecosystems.

Crocodilian skins shall be preferably sourced from farms
certified with the ICFA standard.

Suppliers shall do their best to work towards a moresustainable fashion system. Materials shall be of highSuppliers shall provide Richemont, in addition to thequality and Richemont encourages its suppliers tocountry of origin (husbandry), with information on thecontinuously work towards the following criteria:

location of the slaughterhouse and the location of thetannery on request.

•

Organic (e.g. Global Organic Textile Standards)
or recycled (e.g. Global Recycled Standard, or

Fur shall only be sourced if animal welfare can beGRS) material is preferred.

guaranteed through robust supply chain verification or•recognised international certification schemes (e.g.

Natural fibres shall preferably be sourced fromorganic origin.

WelFur). The use of recycled fur shall be promoted.
•

Artificial fibres shall come from FSC-certified
sources, or be produced in a closed loop

6.11 FOREST PRODUCTS

production system.

Suppliers shall ensure that their actions have no•

negative impact on forests.

Synthetic fibres should preferably come fromrecycled

Suppliers shall put in place measures to ensure that noorbio-based

sources(bio-basedsources shall come from waste-based feedstock,illegal forest products are placed in the supply chain,otherwise it must be evidenced that the raw

and comply with applicable regulations (e.g. EU timbermaterial does not compete with food or

regulations).

feedstockproduction,nor

contributetodeforestation, e.g. Content Claim Standard);

Suppliers are requested to source paper, packaging,•and other timber-based products in a responsible

Wool should comply with the Responsible Woolmanner, either recycled or from certified, sustainably

Standard, or equivalent. Sheep mulesing is amanaged forests. Any forestry-sourced product must

forbidden practice.

be certified by the Forest Stewardship Council (FSC).

•

Down should comply with the Responsible Down
Standard, or equivalent. For down and feathers,

Where necessary, suppliers conduct due diligence onlive plucking is strictly forbidden.

their own suppliers.

6.14 PLASTICS

6.12 FRAGRANCES

Suppliers shall not provide any products containing

Suppliers involved in the perfumes and cosmetics

PVC. In addition, suppliers shall do their best to reduce

industry shall ensure that the fragrance compounds,

the environmental impact of plastics by:formulae, packaging components or finished products
they supply are safe for their intended use, and comply•

with all applicable laws worldwide, to the best of their

Avoiding harmful plastics (e.g. ABS, PS and PU).

•

Reducing to a minimum virgin fossil fuel-basedknowledge.

plastic.

Alcohol used shall be from natural origin only.

•

recycled plastics (e.g. GRS-certified).

Glass used shall preferably be from post-consumer•

recycled origin.

2022 Richemont Supplier Code of Conduct

Using recyclable and increasing the use ofExtending the life of and improving the end-oflife management of plastic.

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SUPPLIER CODE OF CONDUCTACKNOWLEDGEMENT OF TERMS
Company name:

Address:

Contact name:

Position:

Please tick the box before signing:□ I hereby agree to have read and accepted the terms of the Richemont Supplier Code of Conduct andthe relevant requirements for the sector of my activity.

By authorised signatories, with company stamp when applicable:

Date:2022 Richemont Supplier Code of Conduct

14