Richemonts ESG ambitions are grounded in the UN’s Sustainable Development Goals (SDGs). This global road map has already inspired concrete actions from our Maisons and businesses, to innovate for a more equitable and human future.

Reducing our Environmental Footprint: In FY22, Richemont was recognised for its leadership in corporate sustainability by the global environmental non-profit organisation CDP, achieving a place on its ‘A List’ for tackling climate change, one of 200 companies out of 12,000 ranked. Our top ranking is testament to our colleagues’ hard work at Richemont, who have enabled us to progress on our Science Based Targets (SBT). Validated by the Science-Based Target initiative in September 2021, our SBTs provide us with a clearly defined pathway to reduce our impact on climate change, while future-proofing our business for greener growth.

Amplifying our Social Handprint: We are honoured to be ranked on the World’s Best Employers 2021 by Forbes, recognising our ongoing transformation to become a people-centric and inclusive organisation that offers our colleagues greater listening and support across their entire employee journey. As part of our commitment to amplifying our social impact and improving transparency, we concluded our first Product Social Impact Assessment (PSIA) on artisanal and small-scale mined (ASM) gold and designed an approach for future social projects. Through the PSIA, we evaluate specific operators and measure their overall social and human rights performance. Over 95% of gold purchased is recycled and RJC ‘Chain of Custody’ certified. Our target is to be 100% CoC by 2025. Working to positively impact the communities where we operate, in 2021, we donated a total of over €42 million to community investment-related initiatives. In under five years, we have given 40% of all donations to charities concerned with healthcare, social and economic development, education, women, and children’s welfare.

 For more detail on how we proactively amplify our social handprint, click here (Pages 53 to 97 of our 2022 Sustainability Report).

As a global chemical company, LG Chem has established a broad portfolio in petrochemicals, advanced materials and biotechnology. We continue to develop differentiated materials for the electronic and automotive industries which are instrumental for e-mobility and sustainability.

LG Chem pursues sustainable innovations based on its 『Sustainability Vision』, to create value for our customers, protect the environment and contribute to society throughout its business activities. For example, we pursue a more sustainable product development, provide post-consumer recycled plastics, biomass balanced products and biodegradable materials as well as leverage renewable energy. With ESG management ethos, we commit to improving our earth for the future generations.

We are the world’s leading chemical company. This means for us: “We create chemistry for a sustainable future”. We fulfill our company purpose by implementing our strategic principles:

• We add value as one company
• We innovate to make our customers more successful.
• We drive sustainable solutions.
• We form the best team.

Our sustainability strategy contributes in a significant way to serve our company purpose. Sustainable development means for us to combine economic success, social responsibility and environmental protection. Facing the world’s growing population and limited resources we see three major areas in which innovations based on our chemistry will play a key role: resources, environment and climate, food and nutrition and quality of life.

One way BASF contributes to a more sustainable development is by providing innovative solutions that help its customers make their products more sustainable. At the same time, as a reliable partner in society, BASF acts responsibly: Minimizing its environmental footprint by using the best technologies and through operational excellence as well as creating value for employees, shareholders and society.

Furthermore, having open dialog with stakeholders is necessary in order to understand their viewpoints and establish partnerships for sustainable solutions. Every employee contributes to this in his own way.

Peter Saling: “Sustainable development means for us to combine economic success, social responsibility and environmental protection. BASF developed sustainability evaluation methods like SEEBALANCE® and AgBalance™, where social indicators are a significant part of. To discuss social indicators and the further development of them together with other industry partners was a main motivation of taking part in this project. Testing specific indicators in case studies and writing a handbook for practitioners were as well important outcomes where BASF wanted to make contributions to.”

Corbion’s purpose is to preserve what matters, by preserving food and food production, health and the planet. In our Advance 2025 strategy, Corbion has chosen to focus on SDG 2 (Zero hunger), SDG 3 (Good health and well-being) and SDG 12 (Responsible consumption and production) as the goals on which we believe we can make the most significant positive impact, given our business activities.

Preserving food and food production (SDG2) is about creating a sustainable food system capable of feeding a growing population, given the boundaries of our planet. Corbion’s solutions for shelf life extension, food safety, animal health and aquaculture support this ambition. We also collaborate with our agriculture-derived raw material suppliers to promote sustainable agriculture and ensure deforestation-free sourcing.

Preserving health (SDG3) is about supporting healthy lives and promoting well-being at all ages. Corbion’s solutions for health care, pharma, nutrition and hygiene contribute to some of the underlying targets defined for SDG3. We also care for the health and wellbeing of our own employees and supply chain partners.

Preserving our planet (SDG12) is about moving toward a circular economy. Biobased chemicals and materials from Corbion play an essential role in promoting SDG12 and helping to create a circular economy. SDG12 also includes food waste reduction as a subtarget, and our work to create zero waste, improve energy efficiency, reduce greenhouse gas emissions, and implement our new circular production technology in our manufacturing plants also contributes to this goal.

Sustainability means different things to different people. At DSM we define it as meeting the needs of the present generation without compromising the ability of future generations to meet their own needs – which in turn means boosting economic prosperity, environmental quality and social responsibility for the benefit of people, planet and profit.

By 2050 there will be nine billion of us living on this planet. As a species we are growing, we are aging, but most importantly we are changing. And unfortunately the modern world that man has helped to create isn’t always ideal for sustaining a stable and prosperous future. This is precisely why sustainability is our fundamental business driver. Virtually everything we do is now being driven by sustainability and the major global challenges and trends. We therefore embrace what’s known as the Triple P concept: People, Planet and Profit.

People

Our brand promise is to create brighter lives for people today and for generations to come. That means improving lives through our activities, products and innovations as set out in our People+ program. It also means sustaining and even saving lives. For example, our work with the World Food Programme is a true social partnership where our MixMe® nutrient package has helped tackle hidden hunger for some 10 million people and counting. Our solutions also benefit people in many other ways, from materials used in life protection gear like helmets and vests, to biomedical products that are extending active life.

Planet

We only have one planet – and we need to make it last. This is why today 95% of all the products in our innovation pipeline are ECO+ – in other words they have a smaller environmental footprint than equivalent products while providing greater value and benefits. From world-record breaking coatings for solar cells, to solvent-free paints, to plastics made from castor and rapeseed oil instead of mineral oil (some of which are also halogen-free) – this is the fruit of our labors. Meanwhile we continue to make our own manufacturing processes – in fact entire value chains – more energy efficient and less wasteful.

Profit

For DSM, profitability and responsibility go hand-in-hand. Our goal is simply to continue finding smart, unique and sustainable solutions to the world’s problems that are also commercially viable.

At Fuji Europe Africa BV, we create new business opportunities for us and our clients based on the Fuji Oil Group’s portfolio of plant-based food solutions. Our businesses in Europe include oils&fats, cocoa fillings and compound and soy-based functional ingredients. We play a key role in the oversight and optimization of our global supply chain to ensure stability and a sustainable future for all its stakeholders in line with the UN Goals for Sustainable Development. We support innovation to create the future of delicious and healthy foods R&D through partnering with universities, R&D institutes and other external partners in Europe.