A Tradition of Excellence and Sustainability at Cartier International
It’s no longer an option that companies in the luxury goods sector have a Corporate Social Responsibility (CSR) strategy or not, it’s a necessity says Nawal Ait-Hocine, Corporate Responsibility Director at Cartier International.
The link between a strong tradition of excellence and sustainability is key to Cartier International’s CSR policy, as Ait-Hocine explains in an interview with Collective Intelligence magazine.
“Cartier’s commitment to CSR is a reflection of our values, which are deeply rooted in our DNA. There is also a growing recognition that strong environmental, social and ethical practices help create a sustainable business environment by reducing risk and improving efficiencies. This in turn reduces cost, fosters innovation and strengthens a reputation of excellence,” she explains.
To strengthen this approach Cartier breaks down its CSR strategy into four distinct pillars; sustainable sourcing, people practices, responsible operations, and sustainable product development. Across these pillars Cartier then takes an approach that is ‘corporate’, implemented through ‘concrete actions’ and is industry orientated.
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ITW: China - Swiss Watchmaking at a Crossroads
The luxury watchmaking industry has long been a symbol of elegance and prestige. Through the years, however, the industry has experienced a devastatingly high level of corruption in China. To fight against this critical issue threatening the entire economy, President Xi Jinping has made anti-corruption one of his top priorities. In 2012, he launched a five-year long anti-corruption campaign. Additionally, another campaign was initiated to drive out extravagant spending amongst government officials. With both campaigns being more than two years old now, Julie Laulusa – Managing Partner-Mainland China and French Foreign Trade Advisor for Mazars - was interviewed by Europa Star, a Swiss Watchmaking Magazine, to shed light on the far-reaching consequences of these initiatives on the Chinese watchmaking market.