Richemont reports FY23 ESG performance

Jun 03, 2023

Richemont ESGRichemont reports FY23 ESG performance

Richemont, the Swiss luxury goods group, today releases its annual Environmental, Social and Governance (ESG) Report, tracking progress on the Group’s ESG performance for the year ended 31 March 2023.

Building on the Group’s responsible business values and heritage, Richemont further stepped up its sustainability focus at the Executive level with the appointment of Dr. Bérangère Ruchat, Richemont’s first Chief Sustainability Officer, to the Senior Executive Committee.

“We have continued to make good ESG progress throughout FY23 against a volatile environment,” said Burkhart Grund, Chief Finance Officer-Richemont. “In FY23 we initiated comprehensive change across our Group functions and regions as well as our Maisons to further integrate ESG principles across our business. Reinforcing our ESG framework, our FY23 report contains significantly increased GRI disclosures.”

“While shifting towards a more compliance-driven approach to ESG, we continued to meet important milestones, from the phase-out of PVC to our gender-equal pay certification by the Equal-Salary Foundation in Switzerland and France, two of our largest markets in terms of headcount,” said Dr. Bérangère Ruchat, Chief Sustainability Officer-Richemont.

“We are on a journey of continuous improvement, and we look forward to accomplishing more in 2024 and beyond to safeguard our planet, while crafting a more sustainable, responsible future.”

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