Sustainability is perhaps a buzzword proper now, however with good motive. If we as a race don’t change how we’re going about our existence, our planet will die. Or no less than humanity will.
That’s a reasonably scary thought, and one which the powers that be don’t appear to take as severely as they need to.
Within the watch {industry}, aside from just a few exceptions, sustainability has been one thing of a non-subject till now, mainly as a result of watchmaking as an {industry} is comparatively low impression compared to others, its merchandise are just about everlasting and unlikely to be thrown away, and – maybe most significantly – its practices haven’t been challenged and criticized sufficient by others, particularly the press.

Pascal Ravessoud, co-director of Watches and Tradition, opened the Watch Discussion board 2022 with some terrifying stats
Nonetheless, the luxurious watch {industry} does have plenty of pull among the many prime one p.c – the people who find themselves in positions to make actual change. And for that motive, if no different, the watch {industry} must be a wonderful function mannequin. “Luxurious has the flexibility to facilitate change,” mentioned Pascal Ravessoud, co-director of Watches and Tradition, in his opening remarks. “Transparency is changing into the norm whether or not we prefer it or not.”
These are the nutshell messages of the wonderful Watch Discussion board 2022 held by Watches and Tradition, the cultural arm of the Fondation de la Haute Horlogerie (FHH), on September 12-13, 2022, at Maison de la Paix in Geneva – very appropriately the “home of peace.”
“Larger Than Us”: what must be finished
The company of the B-to-B Discussion board included watch model and luxurious group representatives. The occasion kicked off on the night of September 12 with a non-public screening of documentary movie Larger Than Us by Flore Vasseur. See an unique interview with Vasseur at Watches And Tradition Watch Discussion board 2022 On Sustainability Kicks Off With Screening Of ‘Larger Than Us’ By Flore Vasseur.

‘Larger Than Us’ documentary poster
Larger Than Us, whose “stars” comprised seven younger activists making change in numerous components of the world, was meant to get the ball rolling by making us take into consideration what’s taking place within the components of our world that we don’t see frequently. Their topics embody environmental justice, meals safety, ladies’s rights, youth empowerment, training, freedom of speech, and refugees. It was shifting, emotional, and downright surprising in components to say the very least.
The room was full of Richemont and different CEOs and group leaders, a lot of whom I noticed get deeply concerned within the film because it progressed. I’d have liked to get their impressions after the screening; alas everybody hurried off to their respective dinners. I used to be completely moved by the movie.

Watch Discussion board 2022 ‘Social Watch Fostering Range & Inclusion’ panel: (l to r) Fatou NDiaye, UN knowledgeable and serial impression entrepreneur; Chiara Condi from The Different Half; ‘Larger Than Us’ director Flore Vasseur; and Cathérine Renier, CEO of Jaeger-LeCoultre
The subsequent day there have been sadly noticeably fewer Richemont CEOs current on the Discussion board, many having despatched members of their press and/or advertising departments of their steads, which is an actual disgrace as a result of the supply of the succinct however dense data coming from organizations resembling UNESCO, the UN, WWF, SBTi, IUCN, Swiss Higher Gold Affiliation, Treasured Metals Affect Discussion board, OECD, Alliance for Accountable Mining, Tenaka, WBCSD, and others was greater than important – and terrifying.
However the Watch Discussion board 2022 hopeful regardless of a lot of the horrifying data. If we modify issues now, we now have an opportunity at survival was the ultimate message.
Watch & Jewelry Initiative 2030
One of many probably most fun panels on the Discussion board was the introduction of the brand new Watch & Jewelry Initiative 2030, a collaborative affiliation based by Cartier (as delegated by Richemont) and Kering, pushed by a standard conviction that industry-wide sustainable growth objectives can solely be achieved by way of collaborative initiatives.

Iris Van der Veken, government director of the Watch & Jewelry Initiative 2030
The Watch & Jewelry Initiative 2030 was quietly launched throughout Watches and Wonders 2022, however the Discussion board hailed its true arrival. Cyrille Vigneron, president and CEO of Cartier Worldwide, Marie-Claire Daveu, chief sustainability and institutional affairs officer at Kering, and newly appointed government director and secretary basic Iris Van der Veken have been readily available to debate the vital objectives of the brand new – and essential! – initiative.
The Watch & Jewelry Initiative 2030 is guided by the Ten Rules of the United Nations World Compact and the 17 Sustainable Growth Objectives (SDGs).
Included is the hope that the WJI can assist the mining {industry} transfer towards transparency. “There’s extra to realize by being clear than not,” mentioned Vigneron, who urged the viewers to be dedicated, present outcomes, and be accountable.
Mining, as I discovered in a panel referred to as “Social Watch, Fostering Equality and Transparency throughout the Provide Chain” later within the day, is a key {industry} within the provide chains of each watches and jewellery: metals and pure gems are all extracted from the earth in a course of that most of the time has adverse impacts on the atmosphere and the native populations.

‘Social Watch Fostering Equality and Transparency throughout the Provide Chain’ panel (l to r): Fatou NDiaye, UN knowledgeable and serial impression entrepreneur; Louis Marechal, OECD; Sabrina Karib, founder Treasured Metals Affect Discussion board; and Marcin Piersiak, government director Alliance for Accountable Mining
In accordance with Louis Marechal, senior advisor for minerals and extractives on the OECD (Group for Financial Cooperation and Growth), who spoke on this panel, 50 million persons are concerned within the mining {industry} worldwide; 20 million alone within the mining of gold, which leads to the extraction of some 500 tons of gold per yr. This can be a lot of employment and plenty of worth, and never all of it’s wholesome or secure. ASM (artisanal mining), primarily comprising freelancers independently working for mining firms, makes up 80 p.c of the workforce mining gold – however solely accounts for 20 p.c of the worldwide gold provide.
Daveu defined that to be sustainable one should have the ability to measure one’s footprint, together with your entire provide chain. Kering, one of many pioneering style/luxurious teams in sustainability, subsequently open sources its provide chain. Daveu additionally mentioned that the highest administration should be completely concerned.
The initiative’s formidable purpose is to make a transformative distinction, and my hope is that it doesn’t flip into one other sluggish physique slowed down by paperwork. Throughout the breaks, I used to be advised by folks from the jewellery {industry} that Van der Veken may be very efficient with a powerful observe document within the jewellery and style industries, so fingers crossed.
It’s time: watch model options already in progress
Whereas a lot of the watch {industry} is sorely behind in integrating sustainability into their companies, some firms have already been pushing the envelope for just a few years – and defined what they’re doing in numerous panels.

Oris co-CEO Rolf Studer talking through the ‘Crafting the Sustainability Journey’ panel
Oris has been deep into sustainability for nearly 4 years now, culminating within the launch of its sustainability report in April 2022. Oris Co-CEO Rolf Studer defined within the “Crafting the Sustainability Journey” panel that it’s not about perfection, however about being prepared to start out the journey and setting objectives. “Actually, how we tackled it was to take the three largest emitting nations, which is Switzerland, US, and China, and the 5 largest sources of emissions, then we outlined targets for all three nations for all 5 sources. After which you’ve got a manageable factor that you could work with,” Studer advised me in a non-public interview two weeks forward of the Discussion board.
“To start with, we did it to know details and figures. That’s already an vital step. After which we publicized that, in order that it’s on the market. After which we mentioned our purpose is cut back emissions 10 p.c yearly over the subsequent three years. We’re not solely offsetting, we’re additionally actually making an attempt to restrict our footprint, which may be very tough while you’re a rising firm,” Studer continued. “I do know that perhaps we’re not getting there, and it’s okay if we’re not, but when we do not need very formidable targets then we might do issues that additionally harm. In order that’s the method.”
Panerai CEO Jean-Marc Pontroué spoke on the “Round Time” panel; his model has been heavy into recycled supplies amongst different new sustainable practices he collectively named Panerai Ecologico, with the model’s eLAB-ID being 98.6 p.c manufactured from them. Much more importantly, Pontroué has chosen to work in an open-source method for these supplies, which is extremely uncommon for the watch world, an {industry} usually shrouded in secrecy. “If it may impression my brothers and sisters in Richemont, I’m tremendous blissful, as a result of I do know alone I’ll by no means save the world,” Pontroué mentioned in a cellphone name. “So the extra we could be adopted, the extra we are able to encourage and be impressed by others. As a result of I strongly consider on this sense of group. We’ve got to study from one another.”

Watch Discussion board 2022 ‘Round Time’ panel (l to r): Céline Dassonville, founder Ethiwork; Irene Martinetti, WBCSD; Jean-Marc Pontroué, CEO Panerai; and Patrick Pruniaux, CEO Ulysse Nardin
“I feel the final word purpose is that we’re all on board collectively to combat towards this downside,” Pontroué continued. “The extra I’m copied, the higher it’s. I strive at Panerai to make an open ecosystem, and I’ve been welcoming opponents to whom I’m so blissful to provide our data.”
Kering, a luxurious group that owns each style and watchmaking manufacturers, is forward of the watch {industry} curve in terms of sustainability, having begun its formal program in 2017 and creating a very good instrument for measuring and quantifying the environmental impression of its homes’ actions referred to as EP&L (Surroundings Revenue & Loss). Kering additionally makes this instrument completely obtainable to friends and even different industries “to encourage a basic motion towards higher sustainability.”
Ulysse Nardin, which was a part of Kering from 2014 by way of 2022, has had the benefit of attending to completely perceive the EP&L instrument as UN CEO and chairman Patrick Pruniaux defined within the “Round Time” panel. Utilizing this instrument, Ulysse Nardin was capable of lower its emissions by 36 p.c in six years.
Lastly, in “Sustainability Transformation,” we heard from Dr. Bérangère Ruchat, who has been luxurious group Richemont’s chief sustainability officer since February 2022. Ruchat is an thrilling addition to Richemont, and her credentials converse for themselves: she was acknowledged by the World Enterprise Council for Sustainable Growth Main Girls Awards for her work in advancing the United Nations Sustainable Growth Objectives (UN SDGs) in 2016 and he or she additionally acquired the Head of Sustainability of the 12 months award by Moral Company in 2015 amongst different issues.

Dr. Bérangère Ruchat, chief sustainability officer Richemont, speaks at Watch Discussion board 2022
I had been wanting ahead to listening to her converse all day, and I used to be not disillusioned. Her time on the panel was spent principally with a name to motion for the watch {industry}, explaining that any enterprise technique ought to now embody sustainability just because it’s simply good enterprise. That firms want to make use of it as a filter for all they do. “Sustainability shouldn’t be an add-on,” she mentioned. “It’s not only a ethical crucial, however a enterprise crucial.”
Closing remarks have been elegantly made by Helena Drobna, UNESCO regional officer for Europe, on watchmaking as an intangible cultural heritage.
My takeaways from Watch Discussion board 2022
- This subject is horrifying and emotional, and all of us must embrace its existence to make change.
- Working collectively is one of the best ways, however every considered one of us can change no less than one factor about our lives and companies. Each little bit counts.
- The harm could be reversed, however we now have to behave now.
- We don’t need to be good, however we now have to set objectives and do our greatest to get there.
- The most important supply of emissions within the watch {industry} is journey! Manufacturers and associated industries actually, actually need to rethink how they do issues.
- “2030” is humanity’s survival plan, and we had higher get on it.
- Manufacturers grew to become completely able to adapting to what COVID threw at them. I’ve little question that in the event that they needed to, they might be equally as versatile in caring for the environment (and thus our species’ survival).
As Ravessoud advised me on the finish of the Watch Discussion board 2022 day, “This isn’t the tip of the Watch Discussion board 2022, however the begin of a motion.” I definitely hope he’s proper! I do know that I went residence after these two exhilarating and exhausting days and began to make modifications.
For extra data, please go to www.watchesandculture.org/discussion board/en/the-watch-forum-2022.
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