Since the last revision of the Code, the regulatory framework has evolved (e.g. RJC COP Due Diligence Guidance for responsible business conduct, Sustainable Development Goals (SDGs), Modern Slavery Act (UK), Devoir de Vigilance (FR), EU Human Rights Due Diligence (EU), Responsible Business Initiative (CH)) and Richemont has developed its Transformational CSR Strategy with new ambitions in terms of responsible sourcing, such as increased transparency, promoting care for the environment through setting science-based targets, and deliver positive social impact to contribute to SDGs.