Tudor Doubles Down on its Commitment to a Sustainable Future
At TUDOR, we are committed to making progress on all the sustainability issues facing our industry. With our collective awareness, we consider ourselves fortunate to be able to rely on a dedicated team that supports us in shaping and managing our sustainable and responsible approach today. We are also pleased to see that our employees are now incorporating sustainability issues into their daily activities and contributing to the development of business roadmaps within their departments. While we have made significant progress toward more responsible activities, we understand that this is only the beginning. Sustainability is now ingrained in our organization at the strategic, operational, and human levels. It is up to us to create the conditions necessary to move even faster in these areas and transform them into powerful sources of performance and success for the brand.
Our Priority Watches
SUPPLY CHAIN
• Respecting human rights throughout the value chain
• Responsible sourcing
• Traceability of raw materials
SUSTAINABLE PRODUCTS
• Circular economy
• Innovation and eco-design
• Customer satisfaction
• Data protection and cybersecurity
• Responsible communication
Our Priority Planet
RESPECT FOR THE ENVIRONMENT
• Climate change
• Water resource management
• Biodiversity conservation
• Air pollution
• Waste management
• Energy efficiency
• Digital sustainability
Our Priority People
RESPONSIBLE EMPLOYER
• Diversity, equity, inclusion
• Attracting and retaining employees
• Health, safety and well-being and Human Rights in the workplace
• Working conditions and social security
• Human capital development
CORPORATE CITIZENSHIP
• Supporting communities in need
• Maintaining watchmaking expertise
• Responsible sponsorship
• Employee engagement
GOVERNANCE AND BUSINESS ETHICS
• Transparency
• Combating Corruption
• Supporting business partners in incorporating sustainable practices
• Corporate social responsibility governance and compliance
MILESTONES ON OUR JOURNEY
2023: DEFINING OUR SCOPE OF WORK
To lay the groundwork for our commitment, we have undertaken key assessments:
CARBON FOOTPRINT AND CORPORATE SOCIAL RESPONSIBILITY ASSESSMENT
The Planet, Respect for the Environment. We conducted our first carbon footprint assessment in the 2021 tax year, which served as a reference year.
People, Governance and business ethics. In-depth analysis of the current state of our social responsibility.
RAISING CLIMATE CHANGE AWARENESS IN HEAD OFFICE TEAMS
People, Responsible Employer. Mandatory “Climate Fresco” and “Personal Carbon Footprint Measurement” workshops.
RISKY METALS MAP
Our Watches, Responsible supply chain. Establishing a system to identify and address risks related to gold, tin, tantalum and tungsten.
Objective: assurance
1. Supply activities not linked to conflict, armed groups, money laundering, corruption or illegal mining.
2. Prevention of child labor.
The first ODiTr report was published in June 2024.
2024: RESTRUCTURING AND SKILLS DEVELOPMENT
We have implemented an integrated approach to strengthen our responsibility in the supply chain and to affirm our commitment to climate issues and social problems. This approach encompasses different fundamental tenets of our business activity:
Our Watches, Responsible supply chain.
Supply Chain Mapping:
Our purchasing department is responsible for mapping our supply chain and deepening our understanding of the environmental, social, and governance risks associated with our suppliers. The program starts in clockwork increments.
Planet
Respect for the environment.
Approval of the “Climate” roadmap:
Identifying critical points in our carbon footprint and implementing a reduction strategy. Goal: A 25% reduction in areas one, two, and three by 2030 to reach the threshold defined by the SBTI (Science Based Targets Initiative), of which we are a signatory. All TUDOR departments have been mobilized.
People
Responsible employer.
Mandatory awareness workshops and trainings to support a proactive approach to sustainability at all levels of the organization. • Diversity and Inclusion seminar for the company's board of directors.
• “Gold” expert lecture for the board of directors to raise awareness about the challenges related to gold, which has a significant impact on the company's carbon footprint
• Mandatory “Climate Fresk” and “MyCO2” workshops to raise awareness of climate issues among all employees
• “Sustainability focus” e-learning course
• Face-to-face training on Life Cycle Analysis and Eco-design
Governance and business ethics. • Prioritization analysis conducted in collaboration with our stakeholders to identify key issues and align our actions with expectations
• Corporate Social Responsibility Collaborative Working Day bringing together different business units to build the strategy together
• Publication of the first sustainability report