Luxury goods company
World's second largest luxury goods company, behind LVMH.
|Compagnie Financiere Richemont SA||SWI||website|
|Compagnie Financiere Richemont SA|
In 2020, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change Score of A-.
Source: CDP (2020)
In early 2017, China's Communist Party began a new incarceration campaign, rounding up, detaining and forcibly indoctrinating over 1 million Uyghurs and other Muslim minority ethnic groups in the far-western region. A coalition of more than 180 human rights groups is calling on apparel brands and retailers to stop using forced labour in the Uyghur Region and end their complicity in the Chinese government's human rights abuses. This company is amongst those being targeted by coalition members for not doing enough to identify and disengage from business relationships with Uyghur Region-linked forced labour.
Source: End Uyghur Forced Labour (2021)
In 2016 Rank a Brand assessed 37 major cotton-using companies on their commitment and performance with regard to sustainable cotton by looking at each company's cotton sourcing policies, use of sustainable cotton, and traceability. This company scored 0/19.5, making it one of the worst performing companies.
Source: Rank a Brand (2016)
This company's Chloe brand appears on PETA's (People for the Ethical Treatment of Animals, USA) 'Companies That Do Test On Animals' list, signifying that they either test on animals or pay a laboratory to conduct tests on animals.
Source: PETA (2020)
This company has used fur in factory made clothing lines under the Chloe brand, and has not announced plans to stop.
Source: IFF (2021)
This company received an S&P Global ESG Score of 26/100 in the Textiles, Apparel & Luxury Goods category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 7 Feb 2021). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2021)
In 2007 WWF-UK analysed and ranked the 10 largest publicly-traded luxury brand-owners on their environmental, social and governance (ESG) performance. (Listed under information due to age of report)
Source: WWF UK (2007)
In this 2012 report on the ethical performance of ten luxury jewellery brands, Richemont subsidiary Cartier was found to be the only brand significantly active in addressing their social responsibilities.
Source: Uplifting the Earth report (2011)
This company's subsidiary, Cartier, is a certified member of the Responsible Jewellery Council (RJC). Certification under the RJC system demonstrates that the Member's business practices conform to RJC's Code of Practices for business ethics, human rights, social and environmental performance.
Source: Responsible Jewellery Council (2019)
Human Rights Watch's 2020 report, "Sparkling Jewels, Opaque Supply Chains" scrutinizes and ranks 15 major jewelry companies for their efforts to prevent and address human rights abuses in their gold and diamond supply chains between 2018 and 2020. This company was ranked 'Moderate': has taken some important steps towards responsible sourcing.
Source: Human Rights Watch (2020)
The 2020 Fashion Transparency Index reviewed 250 of the world's largest fashion brands and retailers and ranked them according to how much they disclose about their social and environmental policies, practices and impacts. Brands owned by this company scored 20%, signifying it is doing a bit more than the others when it comes to having policies and commitments in place and auditing and reporting activities, but could be doing more. The average score was 23% and the highest score was 73%.
Source: Fashion Revolution (2020)
|Revenue||11 billion EUR (2018)|