Our supply chain management
Responsible supply chain management is an important topic for Rolex, as it directly and significantly influences the sustainability of its activities. To control it, the brand relies on the legislative and regulatory framework and has formalized its approach in collaboration with its partners.
In this context, the brand implements risk detection and management measures and is deepening its environmental and social analyses on an ongoing basis. It maintains frequent contact with its suppliers and regularly comes to agreements with them on improvement processes. Rolex is working to map its supply chains in areas that are most critical to its risk matrix, including minerals and metals, gemstones, as well as cutting tools, leather, cocoa and promotional articles. Rolex particularly assesses the risk of child labour among its suppliers based on the origin of the products.
This officially formalizes the responsible purchasing practices that have been in operation within the company for many years, and centres around 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.
Rolex has implemented an audit plan for its suppliers and their corresponding suppliers, prioritized according to the risk of child labour.
These audits are conducted according to a set of internationally recognized criteria that combines Rolex's social and environmental requirements.
The brand complies with article 964k of Swiss Code of Obligations, which requires due diligence with regard to minerals and metals from conflict zones. Rolex has appointed an independent expert firm to assist it in this regard.