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Annual Report 2020 24 25 ANNUAL REPORT 2020 24 25 GOVERNANCE CORPORATE RESPONSIBILITY SOCIAL POLICY CORPORATE GOVERNANCE Nathan Wyburn (United Kingdom) THANK YOU Pictures of National Health Service (NHS) workers collected on social media and put together to create an image of a nurse wearing a protective mask, with the words “thank you”. To show respect to the true NHS heroes. SWATCH GROUP / ANNUAL REPORT / 2020 ART IN LOCKDOWN SWATCH GROUP / ANNUAL REPORT / 2020 GOVERNANCE 26 27 www.swatchgroup.com Legal & Functional Requirements Training Standards CORPORATE RESPONSIBILITY Product improvement Materials Homologation Laboratories OUR APPROACH TO SUSTAINABILITY GOVERNANCE compliance with regulatory requirements by all Group companies. Our high standards of quality, safety and sustainability are also CORPORATE RESPONSIBILITY This includes regular courses and training for our employees. Our required of our partners and suppliers. This includes, in particular, The Executive Group Management Board is responsible for en- Group companies are currently subject to various directives and responsible sourcing, i.e. full compliance with our Code of Conduct, Taking responsibility for the protection of life, quality of life, safe- suring compliance with our high standards in the area of sustain- technical specifications, e.g., substances that we exclude from our the principles of our business practices and zero-tolerance policy ty and health, and the protection of our environment are funda- ability. It anchors our ESG principles in our corporate strategy watch components and packaging materials, marketing and label- to human rights violations. As a company with a special responsi- mental concerns of Swatch Group. We endeavor to do the best we and defines concrete targets and measures to achieve them. Im- ing requirements, the use of sustainable materials and guidelines bility for the extraction and sourcing of raw materials and the pro- can in all areas and at all levels of the company to live up to this plementation is coordinated and steered by our Sustainability for the disposal of products. Compliance with external standards curement of biological raw materials from endangered species, we responsibility. We always strive to create value for our stakehold- Steering Committee, which consists of representatives from the (ISO, EN, IEC, SN, etc.) is verified. These relate to chemical test apply international guidelines and standards as a minimum bench- ers, the environment and society as a whole. Environmental, ethi- executive management and various departments. Our approach methods, compliance, environment, marketing, test process ap- mark (including the OECD’s Due Diligence Guidance for Responsible cal and social criteria have therefore always been an integral part to corporate responsibility is approved by the Board of Directors, provals, test and audit laboratories and packaging materials. Supply Chains from Conflict-Affected and High-Risk Areas and its of our corporate culture and our sourcing policy. The Executive which has ultimate responsibility. SGQM defines the criteria for the approval of new materials and Supplement on Gold; SA 8000 Social Accountability International, Group Management Board, the Extended Group Management In its decisions, Swatch Group respects all national and interna- components and reviews the test procedures. It is also responsible CITES Convention on International Trade in Endangered Species of Wild Board and the management of the various units ensure on a daily tional legal systems. We refer and comply as a minimum to Euro- for the inspection of internal and external chemical laboratories. Fauna and Flora). SGQM also supports compliance with the require- basis that this culture of responsibility is implemented and sus- pean standards since they go beyond many local regulations. We Swatch Group Quality Management plays a key role in the continu- ments in our supply chain (see chapter Sourcing, p. 36). tained at all levels. We strive to ensure that resources are used observe a zero-tolerance policy to violations of human rights, e.g., ous improvement of our products, production processes and sus- efficiently and sparingly to ensure that our products are manufac- child and forced labor, and corruption and other criminal acts. Our tainability. tured and marketed in a sustainable and environmentally friendly Code of Conduct, which sets forth these principles for our business manner, and thereby secure our long-term success. The use of practices, has been in place since 2005. In relation to sustainable recyclable materials and substances and environmentally friendly production methods and products, environmental protection and production methods is taken into consideration as early as the health and safety, Swatch Group complies with the applicable EU planning and development phase of each new product. Sustain- directives, such as the restriction of hazardous substances (RoHS), ability is therefore in our DNA, so to speak. In 2001, Swatch Group the registration, evaluation, authorization, and restriction of haz- began to set clear environmental and efficiency targets and imple- ardous chemicals (REACH), and the disposal of electrical and elec- ment effective measures throughout the Group in order to play its tronic equipment (WEEE). We always base our policies on the part in preserving the environment. We are also committed to pro- strictest regulations as the minimum benchmark. With internal tecting international human rights and fighting all forms of corrup- directives, we commit ourselves to standards that go beyond the tion in connection with our business activities. legal standards. Swatch Group Quality Management (SGQM) is re- sponsible for quality assurance, product safety and reliability, and SWATCH GROUP / ANNUAL REPORT / 2020 CORPORATE RESPONSIBILITY SWATCH GROUP / ANNUAL REPORT / 2020 CORPORATE RESPONSIBILITY 28 29 www.swatchgroup.com ENVIRONMENT RISK MANAGEMENT watch components, thus largely fulfilling the criteria for market- Environmental protection is firmly anchored in all Swatch Group In order to contribute even more to environmental protection ing watches manufactured in Switzerland in accordance with divisions and companies, and represents a core priority that is and further reduce energy consumption, it was decided in 2013 to The Corporate Risk Management System is an integral part of Swissness requirements (Swiss Made, in accordance with Art. 48 respected, promoted, and implemented daily by every employee in include all Swiss production entities in a CO2 reduction program. the environmental protection and safety policy. This system en- Trademark Protection Act, TmPA). the company. We apply this conviction along the entire value chain, This means the following targets for Swatch Group: sures that crucial risks are regularly identified, analyzed and re- Its companies in the electronics segment also have their produc- from product design and production processes to the recycling of – By 2030, CO2 emissions will be reduced by 32% compared with corded for early detection of environmental, safety and health tion sites in Switzerland. Swatch Group has only a few production our long-lasting and sustainable products. Our brands develop the base year of 2013. risks, in order to develop and implement targeted prevention mea- sites abroad, namely Glashütte Original’s manufactory in Glashütte, new products using recycled or recyclable, organic and com- – By 2050, we will achieve the target of net-zero CO2 emissions. sures. A significant component is Business Continuity Management. Germany, and Harry Winston’s jewelry manufactory in New York, postable materials. The selected materials are certified by inde- In order to achieve this, targets for energy-efficiency gains and Experts determine which operating entities, and which intercon- US. However, watches of the Harry Winston brand are produced in pendent organizations or meet international standards. In order to CO2 reductions were defined in relation to the figures from the nectivities are important for the Group, identify the main risks (e.g., accordance with Swissness requirements in the manufactory in efficiently implement our strategy for sustainable product design, base year of 2013 for all production units in Switzerland, and in cyber-risk, fire, water, chemical substances, interruption of oper- Plan-les-Ouates (GE), near Geneva. Four other production facilities we have begun conducting Life Cycle Assessments (LCA) to better principle also apply on a consolidated basis to the entire Group. ations) and define measures to ensure the greatest possible busi- in Italy, France and Germany manufacture components for watch identify and minimize environmental impacts. Production sites and distribution companies located outside ness continuity. Prevention and emergency procedures are the straps or specific precision parts. Swatch Group operates two pro- Moreover, measures to reduce energy and resource consump- Switzerland, in particular the many boutiques and service cen- focal point. A significant element of Swatch Group risk manage- duction sites in Thailand and Malaysia: for the assembly of elec- tion are implemented, whether through manufacturing facilities ters, are also working to improve their energy balance and are ment is its policy of independence. Consequently, the company is tronic components and in the field of surface treatment. with intelligent energy control systems or through energy-effi- subject to clearly defined targets. The boutiques and service cen- reducing
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