Watch and Jewellery Initiative 2030 and ESG book launch first-of-its-kind impact action journey framework at the World Economic Forum in Davos

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Davos, Switzerland, January 21, 2025 —The Watch and Jewellery Initiative 2030 (WJI 2030) and ESG Book have launched the Impact Action Journey Framework, a transformative solution designed to drive progress on climate action, nature conservation, and social equity across the watch and jewellery industry.

Developed over 18 months of consultations with experts, civil society and financial institutions, the initiative marks a pioneering new approach to sustainability in the sector. The unveiling took place during an exclusive event hosted by WJI2030 at Goals House during the World Economic Forum (WEF) in Davos.

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Revolutionizing Sustainability Reporting: Digital-First Approach

The Impact Action Journey Framework leverages a digital-first reporting system powered by ESG Book, enabling real-time updates on sustainability progress through a dynamic disclosure platform. This approach enhances transparency by ensuring information is easily accessible and all claims are supported with evidence-backed documentation.

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A Framework Built for Action

The Impact Action Journey Framework establishes a common baseline for disclosure across the watch and jewellery value chain. Designed to support companies of all sizes- from small and medium-sized enterprise (SMEs) to large multinational enterprises (LMEs)– it drives measurable progress in three critical areas: climate, nature, and social inclusion. By focusing on material topics for the industry, the framework enables companies to advance sustainability goals while unlocking significant business value.

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Empowering Companies for Regulatory-Readiness

The framework is an evidence-based system built on material metrics derived from globally recognized standards, including GRI, IFRS Sustainability,SBTi, TNFD, UNGC and WEPs, together with evolving regulations such as CSRD,SFDR, CSDDD, and EU Conflict Mineral Regulation. It provides a practical first step toward regulatory reporting, ensuring essential data is accessible to stakeholders.

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Key Framework Features

• Tailored Pathways: Customized routes for SMEs and Large Enterprises, addressing internal capacity-building and supporting companies to action in areas that are material to their operations.
• Step-by-Step Guidance: Detailed materials to support reporting, with insights to prioritize actions and achieve measurable progress.
• Capacity Building Toolkit: Integrated into the framework, with examples of best practices, actionable playbooks, and downloadable templates designed to support first-time reporters.
• Stakeholder Engagement: WJI 2030-curated and publicly available tools to foster trust and collaboration through transparent communication and strengthened supply chain relationships.
• Monitoring and Disclosure: Tools for consistent progress tracking and compliance, powered by ESG Book’s platform.

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Driving Industry Change

The Impact Action Journey Framework empowers businesses to go beyond regulatory compliance, drive long-term value, and deliver positive impact.

"The Impact Action Journey Framework embodies our commitment to support our members and the wider industry to action, build capacity and report progress at every stage of their sustainability journey" said Iris Vander Veken, Executive Director of WJI 2030. “This Framework is the result ofdifferent collaborations with many experts. We would like to extend ourgratitude in particular to Boston Consulting Group, BSR, CIBJO, Deloitte, ESGBook, SouthPole, The Biodiversity Consultancy, UN Global Compact and UN Women fortheir invaluable input in making this possible."

Justin Fitzpatrick, CEO of ESG Book, said: “ESG Book is proud to support this pioneering work by the WJI 2030 member organizations. This collaboration is unique in how it addresses the key pillars of environmental and social impact. Most significantly, it was initiated by the members and designed to help companies of all sizes make a positive contribution to a more sustainable and equitable economy. This is a model that is scalable across industries.”

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