Create desirable and lasting products with lower environmental impact.
We believe that it is our responsibility to reduce our environmental impact and protect the limited resources of our planet. To do so, we must first identify where we can do better. Find our Environmental Impact Report here. We are holding ourselves accountable and working with external, independent advisors to change our practices – every step of the way. From this starting point, we can translate the insights into objectives and concrete actions to reduce our impact on climate, biodiversity, and oceans.
Share of products with lower impact main materials in offer (average on all categories)
0%
Reduction of global CO2e emissions per product (2019 baseline)
0%
Water reduction in our production including raw materials and manufacturing.
EMISSIONS
Based on insights from our Environmental Impact Report, we are working on various initiatives across the organization; these combined efforts will allow us to reduce our global greenhouse gas emissions in line with our target of a 30% reduction per product by 2025. Our aim was to reduce absolute Scope 1 & 2 carbon emissions by 25% by 2025 from the base year of 2019. This is equivalent to an absolute reduction of 4.2% each year, which is in line with the trajectory of 1.5° set by the Paris Agreement, and in line with the Richemont Group’s carbon reduction plan. You can also find here our previous environmental report for 2022.
REDUCE, REUSE, RECYCLE
Everything starts on the design table. We aim to improve our efficiency rate of material used to minimize waste and recycle or reuse what is left. We also plan to minimize oversupply by building more efficient supply chain and collections management processes. Since 2021, we no longer destroy any raw material or finished product. Instead, we reuse, recycle and donate through various reliable channels We are currently looking for options to launch a second-hand project in the near future. As part of the Prince of Wales’ Sustainable Markets Initiative (SMI) Fashion Taskforce we committed to rolling out a Digital ID – a transformative innovation that uses data to inform customers of sustainability credentials of their purchases – along with a circular data protocol. In 2023, we launched a second-hand project, partnering with Vestiaire Collective, and leveraging this technology. The Digital ID unlocks new opportunities for circularity at scale as key players in the fashion value chain will be able to provide unprecedented transparency and traceability of their products.
Our aim is to reach a 25% reduction in packaging weight by 2025, as compared to 2021, a goal that we have achieved two years ahead of schedule. Therefore, we decided to increase the target for 2025 to 30%. This decrease is linked to two key factors: – Avoiding extra packaging production (e.g. care leaflets) – Opting for lighter cardboard solutions, for example our new small and medium shoes boxes weigh 25% less than historical boxes. Additionally, we plan to switch our dustbag from organic to recycled materials in order to reduce the pressure on natural resources. We initiated these changes in 2023, and we expect to see our progress continue in 2024.
We launched in 2022 a biodiversity footprint assessment using the Global Biodiversity Score tool and following the framework set by Sciences Based Targets for Nature. This tool enables to quantify and analyse the impact of our activity (scope 1, 2 and 3) on biodiversity, according to the main pressures on ecosystems. Our goal is to use the assessment to build a concrete roadmap by the end of 2022. We already know that between 70% and 85% of our impact on biodiversity comes from our raw materials, which is why we encourage sources of supply certified according to standards that guarantee respect for ecosystems, for example organic cotton. You can also find here the list of restricted substances in the composition of our goods and packaging.