WATCHES OF SWITZERLAND COMPANY LIMITED

Policies described

Freedom of association Prohibits any threat of violence, harassment and intimidation Prohibits compulsory overtime Prohibits child labour Prohibits discrimination Provides access to remedy, compensation and justice for victims of modern slavery

Training described

Your whole organisation Human resources Executive-level staff Procurement staff

Worker engagement and working conditions

Your suppliers Civil society organisations Professional auditors Workers within your organisation Businesses in your industry or sector

Social audits

Third party audit arranged by your organisation Third party audit arranged by your supplier Announced audit

Grievance mechanisms

Using anonymous whistleblowing services, such as a helpline or mobile phone app Through trade unions or other worker representative groups

Other monitoring

We revised our RFP and introduced Agentic AI to help us to gain a more accurate understanding of our supply chain and identify areas for further engagement and improvement.

Actions addressing ILO indicators

Other

Demonstrated progress

We use Key Performance Indicators (KPIs) to monitor performance and have set goals for our next Statement.

Reported risks and mitigations

• Risk: The highest risk occurs in our supply chain, if raw materials are sourced from countries that are conflict-affected, have poor human rights protections or are in an environmentally fragile state.
• Area: Within your supply chains
• Tier: Tier 3 suppliers and below
• Group: Women Migrants Refugees Children
• Location: China
• Mitigation: We operate in accordance with the International Bill of Human Rights (comprising the Universal Declaration of Human Rights, the International Covenant on Economic, Social and Cultural Rights and the International Covenant on Civil and Political Rights). We also take into account the UN Framework and Guiding Principles, as well as the ETI Base Code, OECD and ILO guidelines and principles, and ensure that our policies and practices evolve accordingly.
• Risk: Service providers we contract with present risks, e.g. cleaning, construction, waste management, events and hospitality.
• Tier: Tier 1 suppliers
• Group: Women Migrants Refugees
• Location: United Kingdom
• Mitigation: Our Vendor Code of Conduct includes requirements founded on the conventions of the ILO, which are guided by international human rights principles and encompassed by the Universal Declaration of Human Rights. All active suppliers must read, sign and adhere to it, or publish an equivalent commitment which embeds basic business ethics principles, including adherence to local and national laws and regulations. More information can be found in our Modern Slavery Statement.
• Risk: There is a possibility of internal risks linked to poor recruitment and management practices, lower skilled roles, low pay, excessive working hours, poor working conditions and inadequate training.
• Area: Within your own operations
• Group: Women Other vulnerable groups
• Mitigation: We maintain strong colleague engagement through a variety of interactive channels and are officially recognised as a Great Place To Work® reflecting good culture, policies and practices. We implement financial initiatives to protect and support lower paid workers, inc. benefits tailored to support the physical, mental and financial wellbeing of all colleagues. We pay the National Living Wage and above in the UK, and at least the State minimum in the US.