Sustainability Report 2021 Vivara
ESG in strategy
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Through the Onyx Project, we reviewed
in 2021 our strategic planning, which is
aligned to the growth avenues informed
in the IPO process in 2019. We have fur-
ther tightened our metrics model, with
fully measurable and accurate targets,
redesigning the day-to-day manage-
ment of the company to keep an abso-
lute focus on strategy.
Project Onyx delivered the strategic
business planning until 2026, reorga-
nized the internal governance, and
conceived a new structure to manage
the several projects expected for the
next years, taking into account risks,
impacts, and opportunities. In this
planning cycle, the vision, mission, and
values were maintained, strengthening
the top management's conviction in the
definitions made in the IPO and contrib-
uting to a solid and robust long-term
vision for the company. All the business
goals defined were built on four strate-
gic pillars that drive our ambitions for
the coming years.
The strategic review included ESG aspects in the
Business Sustainability pillar, with implications
for the topic's governance. This movement con-
solidates our vision of the future as being the
world's best Brazilian jewelry store in terms of
stimulating the circular economy in the jewelry
chain, social and environmental responsibility in
operations and in the origin of our raw materials,
and the culture of diversity and female empower-
ment in the organizational environment. We think
that moving in this direction is the best way to
sustain our leadership in the segment, according
to market and regulatory principles.
The Business Sustainability pillar has the pur-
pose of ensuring business continuity with regard
to people, culture, processes, capabilities, and
environmental, social, and governance aspects.
With the revision, the target number per executive
was reduced in order to have more focus on the
implementation of the defined strategy. Further-
more, the top management becomes impacted by
the fulfillment of the strategic pillars, reinforcing
cross-company nature of ESG aspects, tying the
bonus of an even greater number of executives
and teams to the established targets.
Thus, the specific business goal for ESG issues
unfolds into important goals for Vivara's perpetu-
ity, and they also become part of the strategic risk
matrix. The definitions for 2022 and the vision
for the coming years represent a substantial ex-
pansion of the impact of these topics. To ensure
alignment with key aspects of the ESG agenda,
we want to ensure full compliance to the market
and global demands over time.
GROWTH AND BRAND
It reconciles the financial
vision with positioning
decisions and brand
strengthening.
BUSINESS
SUSTAINABILITY
It ensures continuity of the
current business regarding
people, culture, processes,
capabilities, and ESG.
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SUSTAINABILITY REPORT 2021 VIVARA
Strategic
pillars
PRODUCT AND
CUSTOMER
It provides Vivara with a customer
centric vision, focused on the
journey and experience that the
product delivers to the customer.
ESG Governance
Management and governance
Governance
People, Culture and
Governance Committee
A
Sustainability Committee (CEO,
CFO, People and Management
Executive Officer, Marketing and
Sustainability Executive Officer)
ESG targets tied to the variable
bonus of teams and executives
Business Sustainability Pillar
DIGITAL
TRANSFORMATION
It considers the company of
the future in terms of
processes, technology,
culture, and people.
Operational group
and specialists
Cross-company
ESG groups
BUSINESS
SUSTAINABILITY
SUSTAINABILITY REPORT 2021 VIVARA
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