Delivering positive outcomes for people and planet
Delivering positive outcomes
for people and planet

The WJI 2030 minimum commitments focus on delivering measurable impact around our three pillars
01
Building
Climate resilience

Our industry is under increasing pressure to align with initiatives, like the Science Based Targets initiative (SBTi), that are forging a path towards collective action on global climate resilience.

Industry leaders are also setting ambitious corporate targets for reducing emissions, transitioning to renewable energy sources, adopting circular economy principles, and enhancing supply chain transparency.

02
Preserving
Resources

Resource preservation gets to the heart of our industry's relationship with the natural world, from mining metals and cultivating pearls to sourcing leather.

Our objective is to help members take action on a natureroadmap and strategy that will mitigate the impacts ofextraction and processing of raw materials.

03
Fostering
inclusiveness

The watch and jewellery industry must now follow aseries of mandatory requirements on human rights and environmental due diligence. These include the Corporate Sustainability Due Diligence Directive (CS3D) for businesses operating in the EU.

WJI 2030 aims to help members develop human rights policies, processes, and reporting that lead to inclusive, transparent, and responsible global value chains.

Our commitments forge a path forward for all industry players to follow.

01
Building
Climate resilience

Our industry is under increasing pressure to align with initiatives, like the Science Based Targets initiative (SBTi), that are forging a path towards collective action on global climate resilience.

Industry leaders are also setting ambitious corporate targets for reducing emissions, transitioning to renewable energy sources, adopting circular economy principles, and enhancing supply chain transparency.

02
Preserving
Resources

Resource preservation gets to the heart of our industry's relationship with the natural world, from mining metals and cultivating pearls to sourcing leather.

Our objective is to help members take action on a natureroadmap and strategy that will mitigate the impacts ofextraction and processing of raw materials.

03
Fostering
inclusiveness

The watch and jewellery industry must now follow aseries of mandatory requirements on human rights and environmental due diligence. These include the Corporate Sustainability Due Diligence Directive (CS3D) for businesses operating in the EU.

WJI 2030 aims to help members develop human rights policies, processes, and reporting that lead to inclusive, transparent, and responsible global value chains.

Our commitments forge a path forward for all industry players to follow.

Commitments designed to drive urgent action

Our vision is a sustainability agenda that leaves no one behind and perpetuates industry-wide accountability in areas that are critical to an inclusive society and a better world.

The climate cost of doing business has taken on extreme urgency as the effects of severe weather and biodiversity loss have put our future at risk and further marginalised vulnerable communities. Accountability and trust are integral to the future of luxury. In our global market, transparent supply chains and sustainable production are no longer just an option. They are a requirement.

Considering Boston Consulting Group’s insight that the second-hand watch segment is growing faster than the firsthand market and, importantly, that sustainability concerns are often the reason for purchasing a preowned watch, it’s clear that responsibility – and public scrutiny – are here to stay.

Enabling a future where all women can thriveEnabling a future where
all women can thrive

WJI 2030 is committed to the UN Women’s Empowerment Principles (WEPs) and achieving full gender equality.

We believe WEPs are vital in helping our industry to deliver on gender equality and meet United Nations Sustainable Development Goal 5 by 2030.

Minimum commitments for WJI 2030 members

Members are expected to meet minimum commitments within one year of joining WJI 2030. The commitments are aligned with our strategic pillars.

  • For large enterprises as defined by SBTi:

    • Within 12 months from effective membership: Sign and submit the Science Based Targets initiatives (SBTi) commitment letter
    • Within 36 months from effective membership: Define Science Based Targets on Climate Change (we encourage members to be more ambitious and aim for 24 months)

    For SMEs as defined by SBTi:

    • Within 12 months from effective membership: Identify boundaries and calculate your baseline GHG emissions
    • Within 24 months from effective membership: Complete SBTi SME registration, develop a detailed roadmap to enable meeting SBTi commitments

  • For all enterprises:

    • Within 12 months set a roadmap for nature commensurate to company’s level of ambition and capabilities

  • For all enterprises:

    • Within 12 months develop a publicly available human rights policy statement and conduct human rights due diligence in line with the United Nations Guiding Principles on Business and Human Rights (UNGPs) and Organization for Economic
 Cooperation and Development (OECD) Due Diligence Guidance in own operations and value chains
    • Within 12 months sign and submit the Women’s Empowerment Principles (WEPs) and prepare a workplan in accordance
with the WEPs framework
    • Within 12 months promote decent working conditions and respect for human rights at work within your own operations and supply chains via a publicly available statement of policy, in line with the eight International Labour Organization (ILO) core
conventions

Interested in learning more about WJI 2030 membership? Interested in learning more
about WJI 2030 membership?

Contact us