WATCHES OF SWITZERLAND GROUP PLC

Policies described

Freedom of association Prohibits any threat of violence, harassment and intimidation Prohibits compulsory overtime Prohibits child labour Prohibits discrimination

Training described

Your whole organisation Procurement staff

Worker engagement and working conditions

Your suppliers Workers within your organisation

Social audits

Third party audit arranged by your organisation Audit conducted by your supplier’s staff Announced audit

Grievance mechanisms

Using anonymous whistleblowing services, such as a helpline or mobile phone app

Other monitoring

Our Supplier Sustainability Standards ask supplier partners to follow the OECD Due Diligence Guidance and implement their 5-Step guidance and use AI agents to assess the level of alignment.

Demonstrated progress

Our Statement includes KPIs to improve transparency and sourcing standards, enhance due diligence processes and evolve training on modern slavery and trafficking.

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 India Lebanon Thailand Taiwan
• Mitigation: Supplier partners must follow the Organisation for Economic Co-operation and Development Due Diligence Guidance and implement their 5-Step guidance. This risk-based approach is designed to help organisations avoid contributing to conflict, serious human rights impacts and financial crime through their operations. The framework includes embedding strong management systems, identifying risks, independent third-party audits and transparency.
• Risk: Service providers we contract with present risks, for example, cleaning, construction, waste management, security, events and hospitality.
• Tier: Tier 1 suppliers
• Group: Women Migrants Refugees
• Location: United Kingdom United States
• Mitigation: The Group is committed the continuous assessment of our impact on human rights in our operations, taking prioritised action to mitigate risks and provide accessible grievance mechanisms for confidential reporting. As a result of our screening, service suppliers may be asked to undergo an audit and this is written into the terms of our Vendor Code of Conduct and explained within our Supplier Sustainability Standards.
• Risk: There are internal risks linked to poor recruitment and management practices, lower skilled roles, insufficient pay, excessive working hours, poor working conditions and inadequate training.
• Area: Within your own operations
• Group: Women Migrants
• Mitigation: We maintain strong colleague engagement through a variety of interactive channels and implement financial initiatives to protect and support lower paid workers. We also provide information and training in relation to modern slavery and human rights issues and remind colleagues to be vigilant and report any suspected instances of wrongdoing in line with our Whistleblowing Policy.