Due diligence and risk management
Responsible supply chain management is an important topic for us, as it directly and significantly influences the sustainability of our activities. To control it, we rely on the legislative and regulatory framework and have set out our approach in collaboration with our partners.
In this context, we implement risk detection and management measures and are deepening our environmental and social analyses on an ongoing basis. We maintain frequent contact with our suppliers and regularly come to agreements with them on improvement processes. We are working to map our supply chains in areas that are most critical to our risk matrix, including minerals and metals, gemstones, as well as cutting tools, leather, cocoa and promotional articles. We particularly assess the risk of child labour among our suppliers based on the origin of the products.
This sets out the responsible purchasing practices that have been in place within the company for many years and is centred on a supply control mechanism that takes our impacts into account.
This approach institutionalizes our voluntary commitments that originate in our core values, our ethics and the internal regulations that we have always applied.
To implement our due diligence obligations, we organize processes across the various purchasing segments and put governance in place to ensure we manage risks in the following areas: respecting human rights, particularly in order to combat child labour, considering the impact our activities have on communities, social initiatives, preventing environmental risks, reducing greenhouse gases, waste management, the traceability of raw materials, and business ethics and deontology.
We have implemented an audit plan for our suppliers and their own suppliers, prioritized according to the risk of child labour.
