Goldstory S.A.S
Climate Impact & Sustainability Data (2022, 2024-07-01 to 2024-09-30)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:247,474 tCO2e/year
Scope 1 Emissions:1,323 tCO2e/year
Scope 2 Emissions:5,787 tCO2e/year
Scope 3 Emissions:240,364 tCO2e/year
Total Energy Consumption:24.7 GWh/year (France: 12.7 GWh)
Waste Generated:1,523,250 kg/year
Carbon Intensity:264 tCO2e /M€ of turnover
ESG Focus Areas
- Well-being at work
- Responsible sourcing and purchasing
- Reduction of carbon footprint and GHG emissions, responsible use of resources
- Diversity & Equal opportunities
- Skills development and employability
Environmental Achievements
- Launched a comprehensive review of its greenhouse gas emissions on scopes 1, 2, and 3 in collaboration with Carbone 4.
- 74% of stores equipped with LED lightbulbs, reducing energy consumption by 30%.
Social Achievements
- Launched the THOMtogether FCPE, allowing 400 employees to become indirect shareholders.
- Created a Disabilities Mission, showing commitment to maintaining employment, recruiting, training, and integrating people with disabilities.
- Launched WeTHOM @Work project to improve employee experience at headquarters.
- Launched social selling initiative (Ambassad’Or) for Histoire d’Or brand.
- 75% of employees trained in France.
Governance Achievements
- Strengthened CSR governance in 2022 and established a Group CSR Department.
- Appointed a Group CSR Director.
- Carried out a materiality analysis and stakeholder consultation.
Climate Goals & Targets
Medium-term Goals:
- Open 150 new affiliated stores in France within 5 years.
Short-term Goals:
- Increase inspections of products by 10% in FY23.
- Complete the switch to LED lighting in stores.
- Implement WeTHOM @Store project to optimize employee experience in stores.
- Increase employment rate for people with disabilities from 0.77 to 2.5 by the end of 2024.
Environmental Challenges
- Supply chain disruptions due to geopolitical and social risks (health crisis, social crisis, security issues, climate issues).
- Rising cost of energy and raw materials.
- Changes in consumer habits.
- Increased importance of social responsibility.
- Digital and technological transformation.
- Talent retention in a competitive retail market.
Mitigation Strategies
- Developed alternative sourcing strategies (diversification, safety stock).
- Improved in-store execution, logistics processes, and supply chain security.
- Developed omnichannel brands and a state-of-the-art back-office platform.
- Implemented a CSR strategy.
- Invested in IT systems and employee training.
- Improved well-being at work initiatives (WeTHOM@Work, WeTHOM@Store).
Supply Chain Management
Supplier Audits: 95% of purchases made from RJC, SMETA, or BSCI certified suppliers.
Responsible Procurement
- Supplier charter requiring compliance with local and international law, respect for people and the environment, and anti-corruption measures.
Climate-Related Risks & Opportunities
Physical Risks
- Climate issues (monsoon, floods) in production areas.
Reporting Standards
Frameworks Used: GHG Protocol
Certifications: Qualiopi (THOM Académie)
UN Sustainable Development Goals
- SDG 8
- SDG 5
- SDG 3
- SDG 16
- SDG 7
- SDG 13
- SDG 12
The Group's CSR strategy contributes to these SDGs through actions related to decent work, gender equality, health, peace, justice, clean energy, climate action, and responsible consumption and production.
Sustainable Products & Innovation
- Improved product durability and quality; eco-responsible packaging.
Awards & Recognition
- Innovation Prize at the Onboarding Summit 2022 (WEL’ THOM).
Reporting Period: 2024-07-01 to 2024-09-30
Environmental Metrics
Total Carbon Emissions:263.2 tCO2e
Carbon Intensity:256.6 kg CO²e / k€ CA in FY2023; 276.5 kg CO²e / k€ CA in FY2024
ESG Focus Areas
- GHG emissions reduction
- Supplier certification
Environmental Achievements
- Reduced absolute scopes 1, 2, and 3 GHG emissions by -1% compared to 2023 (constant scope, like-for-like basis).
Social Achievements
- Launched third operation of “THOM Together” employee shareholding fund with 500 new employee shareholders.
- Launched Great Place to Work employee satisfaction survey, achieving certification on the first attempt.
Governance Achievements
- Launched CSRD double materiality assessment in advance of European obligations.
Climate Goals & Targets
Long-term Goals:
- Reduce absolute scopes 1, 2, and 3 GHG emissions by 30% by September 30, 2030.
- 100% of products and gold purchased from non-branded suppliers (tier 1) to be certified (RJC COP or COP & COC) or audited (SMETA 4) by September 30, 2030.
Medium-term Goals:
- Reduce absolute scopes 1, 2, and 3 GHG emissions by 16% by September 30, 2027.
- 85% of products and gold purchased from non-branded suppliers (tier 1) to be certified (RJC COP or COP & COC) or audited (SMETA 4) by September 30, 2027.
Environmental Challenges
- Tough market conditions for independent jewelers impacting wholesale performance.
- Inflation-driven cost increases (manufacturing and gold price).
Mitigation Strategies
- Strong focus on cost efficiency to mitigate GM rate adverse impact and protect profitability.
- Targeted repricing opportunities under study to pass-through part of the cost increases.
- Gold exposure mitigated through financial hedge and physical gold inventory, and purchasing gold in stores at a lower fare.
Supply Chain Management
Responsible Procurement
- 81.2% of products and gold purchased from non-branded suppliers (tier 1) were certified (RJC COP or COP & COC) or audited (SMETA 4) in FY2024.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: CSRD