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.