RESPONSIBLE SOURCING

UNSDGS	MATERIAL ISSUES	MEGATRENDS
	Supply chain management Ethical responsible sourcing Green procurement	Acceleration of supply chain processes Application of blockchain Rise of Generation Z consumers (born from the mid-1990s to mid-2000s)

Ethically responsible sourcing has been a material issue in the jewellery industry that is highly dependent on its supply chain. By leveraging technology such as blockchain, we can find innovative ways to build trust and set higher social and environmental standards for our supply chain. As an industry leader, we collaborate with our business partners to ensure that the sourcing of all raw materials for business, from gemstones and precious metals for jewellery crafting to boxes and bags for packaging, meet optimum industry standards.

To achieve full compliance with Chow Tai Fook’s Best Practice Principles by all key long-term suppliers.

• Best Practice Principles developed by Responsible Sourcing Champions and key departments collaboratively and to be launched in FY2022
• Conducted third party social and environmental assessment with key suppliers