Supplier risk management

In association with LVMH programmes and the principles promoted by the Responsible Jewellery Council, this commitment translates into the constant monitoring and management of the supply chain in order to continually improve the social and environmental performance of its partners. Bvlgari has put in place a Supplier Risk Management Process made up of three main steps:

1. Supplier Risk Assessment
2. Social & Environmental Audits to Suppliers
3. Follow-up

The Supplier Risk Management Process is standardised and applied among all Bvlgari Divisions; however, since Bvlgari Businesses (Jewellery, Watches, Accessories, Perfumes) and supply chains are characterised by specific peculiarities and risks, auditing strategy and methodology may change from case to case and is discussed and agreed upon yearly by CSR and Business Units. Audits may be led either internally (by Bvlgari CSR/Purchasing Departments) or externally (by External Consultants); they may be announced, semi-announced or not announced (Bvlgari has included in agreements with suppliers the right to visit suppliers' factories at any moment). Audit methodology is based on the most recognised standards: SMETA (Sedex Members Ethical Trade Audit) 4 pillars; Social Accountability SA 8000; ISO 14001; RJC Code of Practices; RJC Chain of Custody. The more adequate auditing methodology is applied based on supplier risks.

LVMH Supplier Code of Conduct and Bvlgari Annex on Mineral Supply Chains

Bvlgari believes that continuously advancing in its ethical, social and environmental performance is a fundamental component of the excellence of the products delivered to its clients. In all its activities, Bvlgari is committed to complying with all applicable laws, regulations and national and international conventions, as well as with best practices, particularly as regards ethics, human rights, social responsibility and protection of the environment, and business partners and suppliers are required to do the same. Therefore, all third parties (suppliers, distributors, subcontractors, etc.) must respect the principles listed in the LVMH Supplier Code of Conduct and Bvlgari Annex on Mineral Supply Chains in line with LVMH Group expectations, taking into account Bvlgari's strong commitment to the Responsible Jewellery Council (RJC).
Link: LVMH Supplier Code of Conduct and Bvlgari Annex on Mineral Supply Chains

Bvlgari is committed to conducting its business in a socially responsible manner, a commitment that extends beyond the confines of the company to the promotion of ethical standards and socially responsible management practices throughout its supply chain. Bvlgari publishes the Modern Slavery Act Statement annually:

- 2022 Modern Slavery Act Statement
- 2021 Modern Slavery Act Statement
- 2020 Modern Slavery Act Statement
- 2019 Modern Slavery Act Statement
- 2018 Modern Slavery Act Statement
- 2017 Modern Slavery Act Statement

Bvlgari responsible sourcing policy for mineral supply chains

The Responsible Sourcing Policy For Mineral Supply Chains, signed by the CEO, is intended to affirm Bvlgari’s commitment to respecting human rights, avoiding contributing to finance conflicts and complying with all applicable laws, regulations, national and international conventions and relevant UN sanctions and resolutions. Through this policy, Bvlgari commits to implementing the five-step framework of the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, including the provisions of the Supplement on Gold.
Bvlgari Due Diligence Annual Report


 

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