The Swiss luxury group, which boasts Chloè and Cartier brands, renews its commitment to sustainability with the publication of its annual report entirely focused on this theme.
Richemont and the new appointments
At the beginning of the year the group decided to send a strong signal in the field of sustainability thanks to two very special appointments.
In fact, a person in charge of sustainable development was appointed for the first time, a task entrusted to Bérangère Ruchat.
The location was created on purpose in mid-February.
Immediately thereafter, the group appointed Jasmine Whitbread, who joined the Richemont Board of Directors in 2021 as a non-executive director in 2021, as chair of the governance and sustainability committee.
The purpose of these two new elements?
Strengthen and make more concrete Richemont’s efforts and projects not only for sustainability but also in the context of achieving high-level environmental and social progress in the group’s operations and supply chains.
Richemont: sustainable goals
With a net profit of over 2 billion euros for the year 2021/2022, Richemont confirms its ambitious goals in the sustainability report.
The group plans to use 100% renewable electricity in all its locations by 2025. For the time being, the conversion rate has reached 92%.
Donations to projects of social utility, health and education dedicated to women and children amounted to approximately 42 million euros; a commitment up by 17% compared to the previous year.
The group’s sustainable luxury revolution began with Chloè: the brand made a big change in 2020, engaging in an eco-responsible production process led by artistic director Gabriela Hearst.
The awards were not long in coming: Chloé was the first fashion house to obtain B Corp certification in October 2021.