
In May 2022, we responded to the CDP questionnaire on climate change for the first time and achieved a 'C' score, indicating a strong performance.
FY23 PERFORMANCE HIGHLIGHTS
- Our near-term emissions reduction target was verified by the Science Based Targets initiative (SBTi)
- We participated in the CDP questionnaire on climate change for the first time
- 84% of Group properties using LED lighting
- 100% of our UK properties powered by renewable energy
- Our After Sales and Servicing business grew by 20%
- Sales of pre-owned watches continue to grow
- We partnered with ID Genève to launch the first fully circular luxury Swiss watch
- We developed new ESG Partner Standards outlining the high environmental standards we expect from everyone we do business with
- We carried out a Climate Scenario Analysis of our supply chain to assess the impact of global warming
- Our business response to the Task Force on Climate Related Financial Disclosures can be found on pages 91-104 of our Annual Report and Accounts 2023
FY24 AREAS OF FOCUS
- Striving for continuous improvement in carbon reduction and energy efficiency through procurement decisions, showroom design, facilities management, transportation and by switching to clean energy sources
- Reducing the use of natural resources and using water more efficiently
- Minimising waste through avoidance, recycling and adopting circularity within our business model and operations
- Helping clients make more sustainable choices by promoting innovation and advancements in sustainable design and packaging
- Supporting circularity by extending the life of watches and jewellery through repairs and pre-owned
- Streamlining our business processes and leveraging technology to minimise environmental impacts and improve transparency and disclosure