Stakeholder engagement

We include stakeholder feedback in our work on materiality, strategy, target setting and reporting. This results in increased disclosure and transparency in our sustainability reporting, new assessments and risk mitigation activities, enhanced grievance mechanisms, new memberships, participation in ratings and rankings, updated policies and programmes, and new targets.

We engage with key stakeholder groups, including employees, consumers, franchisees, governments, multilateral institutions, NGOs, industry organisations, investors, suppliers and their workers and local communities. We do this as part of our daily operations and in formalized settings, for example meetings to assess performance against targets or partnerships to expand our sustainability programme.

Notable partnerships

United Nations Global Compact

We are signatories to the United Nations Global Compact (UNGC) and acknowledge our responsibilities in the areas of human rights, labour, environment and anti-corruption.

Science Based Targets Initiative

Since 2021, Pandora's carbon reduction target has been approved by the Science Based Targets initiative. This ensures our climate strategy is in line with the Paris Agreement to limit global warming to 1.5°C compared to pre-industrial levels.

Task Force on Climate-Related Financial Disclosures

We are supporters of the Task Force on Climate-related Financial Disclosures (TCFD) and their recommendations to increase transparency of climate-related risks and opportunities on financial markets.

CDP

CDP (formerly Carbon Disclosure Project) is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. Pandora reports on climate risks, opportunities, and progress in its annual CDP disclosure.

Pandora for Unicef

UNICEF

Pandora and UNICEF have been partnering since 2019 to give young people the tools and opportunities they need to pursue their passions and fulfil their potential. The funds raised are supporting UNICEF’s education, gender equality, rights awareness, personal empowerment and civic engagement programmes. The partnership is also raising funds for UNICEF’s core work across the world to ensure that every child survives and thrives.

Nordic Business Network for Human Rights

The Nordic Business Network for Human Rights (NBNHR) is a professional network for global companies who work with human rights impacts in their organisations or supply chains. Moderated by the Danish Institute for Human Rights (DIHR), member companies also include Arla, BioMar, Danfoss, Hempel, IKEA, Lego, Lundbeck, Neste, Norsk Hydro, Novo Nordisk, Statkraft, Vestas and Yara.

Watches and Jewellery Initiative 2030

Pandora is a member of the Watch and Jewellery Initiative (WJI) 2030. WJI 2030 is guided by the Ten Principles of the United Nations Global Compact and the 17 SDGs. It aims to accelerate positive impact in three areas: building climate resilience, preserving resources, and fostering inclusion.