SustainabilityOUR COMMITMENT
We are aware of the scale of the environmental and social challenges facing our industry, and we are ready. We are ready to create watches with a full awareness of our impact, and to take responsibility for the pertinent issues to our business. Since 2023, we have been actively working on these issues, and are proud of the progress we have made, while aware that we still have a long way to go.
At TUDOR, we are committed to making progress on all the sustainability issues facing our industry. With our collective awareness, we are fortunate today to be able to count on a dedicated team to support us in structuring and managing our sustainable and responsible approach. We are also pleased to see that our employees are now committed on a daily basis to integrating sustainability issues into their own activities and participating, in their respective departments, in the development of business roadmaps. While we have made significant progress toward more responsible operations, we acknowledge this is just the beginning. Sustainability is now embedded in our organization at strategic, operational, and human levels. It is up to us to create the conditions necessary for even more rapid advancement in these areas, transforming them into a powerful lever of performance and success for the brand.
Our Watches
SUPPLY CHAIN
• Respect for 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
The Planet
RESPECT FOR THE ENVIRONMENT
• Climate change
• Water management
• Biodiversity protection
• Air pollution
• Waste management
• Energy efficiency
• Digital sustainability
The People
RESPONSIBLE EMPLOYER
• Diversity, equity, and inclusion
• Attracting and retaining employees
• Health, safety and well-being at work, as well as Human Rights
• Working conditions and social protection
• Human capital development
CORPORATE CITIZENSHIP
• Support for communities in need
• Maintaining watchmaking know-how
• Responsible sponsorship
• Employee involvement
GOVERNANCE AND BUSINESS ETHICS
• Transparency
• Fighting corruption
• Supporting business partners in integrating sustainable practices
• CSR governance and compliance
MILESTONES IN OUR
JOURNEY
We have laid the groundwork for our commitment by carrying out key assessments:
CARBON FOOTPRINT AND CSR DIAGNOSIS
The Planet, Respect for the environment. Carrying out our first carbon footprint assessment of the fiscal year 2021, that will serve as a reference year.
The People, Governance and business ethics. In-depth analysis of the current state of our social responsibility.
RAISING AWARNESS OF CLIMATE CHANGE AMONG HEAD OFFICE TEAMS
The People, Responsible Employer. Mandatory workshops “Climate Fresk” and “Personal Carbon Footprint Measurement”.
MAPPING OF METALS AT RISK
Our Watches, Responsible supply chain. Implementation of a system to detect and address risks related to gold, tin, tantalum and tungsten.
Objective: ensure
1. Sourcing practices are 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.
We have initiated an integrated approach to strengthen our responsibility in the supply chain and affirm our commitment to climate and social issues. This approach encompasses the different pillars of our business:
Our Watches
Responsible supply chain.
Supply chain mapping:
Our purchasing department is committed to mapping our supply chain and deepening our understanding of the environmental, social, and governance risks associated with our suppliers. The program starts with the watch components.
The Planet
Respect for the environment.
Validation of the “Climate” roadmap:
Identification of the critical points of our carbon footprint and implementation of a reduction strategy. Objective: 25% reduction by 2030 on scopes 1, 2 and 3 to reach the reduction threshold defined by the SBTI (Science Based Targets Initiative) to which we are a signatory. All TUDOR departments are engaged.
The People
Responsible employer.
Mandatory awareness-raising workshops and training to encourage a proactive approach to sustainability at all levels of the organization:
• D&I seminar targeted at the company's Executive Committee.
• "Gold" Masterclass for the Executive Committee to raise awareness challenges of this material, 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 Assessment and Eco-design.
Governance and business ethics.
• Materiality analysis in collaboration with stakeholders to identify key issues and align our actions with expectations.
• CSR Collaborative Day, bringing together business units to co-construct strategy.
• Publication of first sustainability report.
STRUCTURING DOCUMENTS
These documents illustrate our commitment to integrating sustainability principles into the various aspects of our activity. They serve as a medium to share our values with our stakeholders and move forward together on the path to sustainability.
SUSTAINABILITY REPORTS: 2024, 2023
These reports mark our path toward an increasingly demanding approach to sustainability. They structure our priorities, strengthen our governance, and foster dialog with stakeholders.
CODE OF CONDUCT
Commits all TUDOR employees to the following principles:
Responsible Employer: create a healthy, respectful and rewarding work environment.
Business Ethics: acting with integrity, responsibility, and transparency.
Environment: commit to preserving natural resources and putting sustainability at the heart
of our activities.
SUSTAINABLE DEVELOPMENT CHARTER
A document for TUDOR partners and suppliers. By signing this document, partners and suppliers voluntarily commit to respecting TUDOR's sustainability principles in their practices, and to implementing concrete measures.
SUSTAINABLE PROCUREMENT POLICY
A guideline aimed at integrating social and environmental criteria into our procurement practices by establishing partnerships with suppliers who share our commitment to sustainability.