TAG Heuer Branch of LVMH Swiss Manufactures SA
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Human Rights
- Sourcing
- Ethics
- Diversity and Inclusion
- Sustainable Development
Environmental Achievements
- ISO 14001 certified since August 14, 2022
- Applied LVMH's energy-saving guidelines at its Manufacture and worldwide
Social Achievements
- Launched a global Diversity and Inclusion plan based on 3 pillars: People, Culture, and Brand
- Deployed an online training course on unconscious bias in May 2023
- Launched a community of D&I champions in November 2023
Governance Achievements
- Implemented KYC (Know Your Counterpart) policy to prevent money laundering and financing of terrorism
- Established an internal alert system via the LVMH Alert Line
Climate Goals & Targets
Environmental Challenges
- Potential human rights risks related to sourcing
- Potential environmental impacts
- Potential data loss and technical failure
Mitigation Strategies
- Annual risk analysis of human rights, sourcing, and environmental impacts
- Implementation of corrective measures to reduce potential impacts
- Specific policies and procedures established to mitigate risks
- Continuous action plan monitored by the Internal Control Department
Supply Chain Management
Responsible Procurement
- LVMH Supplier Code of Conduct
- Due diligence process in line with OECD guidelines
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: UN Global Compact, RJC (Responsible Jewelry Council)
Certifications: ISO 14001