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EQUAL SALARY

RICHEMONT OBTAINS THE EQUAL-SALARY CERTIFICATION GLOBALLY

Mar 5, 2024

Vevey/Geneva 5 march, 2023 – The EQUAL-SALARY Foundation is pleased to announce that Richemont International SA has obtained the global EQUAL-SALARY certification covering more than 38 000 employees across 39 countries around the world across. The international EQUAL-SALARY certification is a symbol of excellence in terms of equal pay and equal opportunities, combining a statistical analysis of all the salaries and an on-site audit entrusted to PwC. With our certification, Richemont proves that it applies equal pay and equal opportunities for women and men globally.

The global EQUAL-SALARY certification is valid for 3 years, during which, the company undergoes two monitoring audits. After 3 years, the organization needs to renew the certification process with a new salary analysis and a full on-site audit.

“We congratulate Richemont on being the first luxury goods group to earn global EQUAL-SALARY certification. A major international company achieving such a certification is not only very good news for its more than 38 000 employees, but also for the cause of gender equality all over the world. While most companies claim to pay women and men the same, the gender gap is still close to 20% globally[1], so it is very important to recognize companies like Richemont for leading by example with energy and commitment to continuous improvement to achieve and maintain equal pay” commented Noémie Strobeck, co-CEO of the EQUAL-SALARY Foundation.

[1] https://www.ilo.org/wcmsp5/groups/public/—ed_dialogue/—act_emp/documents/publication/wcms_735949.pdf

 

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