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Richemont

OVERALL

Owned
SWI
Rating
Criticisms

Luxury goods company

World's second largest luxury goods company, behind LVMH.

Compagnie Financiere Richemont SA   SWI     website   email      

> About the Ratings

Company Assessment

PRAISE CRITICISM INFORMATION
Compagnie Financiere Richemont SA
Environment CDP Climate Change Score of B
In 2019, 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 B.
Source: CDP (2019)
Social Cotton sourcing (Rank a Brand)
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)
Animals Animal Testing
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)
Animals Use of fur
This company has used fur in factory made clothing lines, and has not announced plans to stop.
Source: IFF (2016)
Business Ethics 30/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 30/100 in the Textiles, Apparel & Luxury Goods category of the 2019 SAM Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices. 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 (2019)
Business Ethics 'D' grade in WWF Deeper Luxury report
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)
Social Ethical jewellery
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)
Business Ethics Responsible Jewellery Council member
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)
Business Ethics 20/100 in Fashion Transparency Index
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)

> About the Icons

Company Details

Type Public company
Revenue 11 billion euros in 2018
Employees 28,580 in 2017

Contact Details

Address Geneva, Switzerland
Website www.richemont.com

Products / Brands

Richemont
Cartier Fragrances
Cartier Luxury Brands
Chloe Luxury Brands


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