Movado Group releases 2025 'Make Time' plan
Watchmaker Movado Group announced on Wednesday its 2025 'Make Time' plan, which outlines the company’s goal to empower, evolve, and enrich its people, products, planet, and community.
The announcement coincided with the publishing of its 2022 'Corporate Responsibility' report, which details the evolution of Movado Group’s corporate responsibility program for the fiscal year ending January 31, 2022.
As part of Movado Group’s 2025 Make Time ESG Plan, the Paramus, New Jersey-based company said it aims to empower people by celebrating diversity, nurturing an inclusive workforce, and promoting ethical recruitment and positive working conditions in their supply chain.
Moreover, to evolve in sustainability, it plans to design and develop more sustainable products, source more responsible materials, as well as reduce their use of certain materials like virgin and single use plastic. The company will begin calculating its Scope 1, 2 and 3 carbon emissions, and mitigate negative impacts on the environment.
Finally, it says it will enrich its communities by continuing the heritage of embracing and supporting the communities in which they operate.
“Our main goal outlined in the report is to empower our employees to ‘Make Time’ for impactful, long-term ESG improvements that ultimately strengthen the Movado Group community and brand,” said chairman and chief executive officer of Movado Group, Efraim Grinberg.
“Last year, we spent time exploring stakeholder expectations, and this year we are building on that to show how and why our employees are ‘Always in Motion’ to perform responsibly as a company and as global citizens.”
To reach its goal, Movado Group has invested in ESG governance software, which provides tools for data collection and validation, tracking progress against goals, and consistent reporting across multiple standards and frameworks.
Movado Group manufactures its own watch brands, including its namesake Movado, and Concord and Ebel and MVMT brands, which it acquired in 2018.
It equally makes and distributes watches for brands such as Coach, Hugo Boss, Lacoste, Olivia Burton, and Tommy Hilfiger, to name a few.
Copyright © 2022 FashionNetwork.com All rights reserved.