GROUP’S MAIN CHALLENGES AND RISKS
THE GROUP’S MAIN NON-FINANCIAL CHALLENGES
Terroirs, People and Time. The Rémy Cointreau Group’s CSR ambition is built around the three key pillars of our signature:
- protecting our Terroirs through sustainable agriculture;
- making a commitment to People to protect their ancestral know-how, ensure their well-being within the Group and teach them about the ethics that are so vital for the Group’s credibility. At the same time, pledging to protect all stakeholders, both internal and external, through a policy of responsible consumption;
- recognising the value of Time, protecting the atmosphere (through our carbon footprint) and water supply as essential resources for our businesses.
Following a materiality assessment in 2016/2017, 10 key Sustainable Development Goals were selected (out of the 17 identified by the United Nations). Based on these SDGs, we have now identified the 10 major challenges facing the Group, the risks associated with these challenges and the indicators that will enable us to monitor their development in the future. In some cases, the Group has already committed itself by setting targets for improvement.
The targets cover SDGs 6, 8, 12, 13 and 15, which are used as CSR performance criteria to calculate the Executive Committee’s variable remuneration.
| SDGS | CHALLENGES | RISKS ASSOCIATED WITH THE CHALLENGE | RISK INDICATORS (QUANTIFIED TARGETS/PROGRESS PLAN) | CHALLENGES LINKED TO THE REMUNERATION OF AN EXECUTIVE COMMITTEE MEMBER |
|---|---|---|---|---|
 Clean water and sanitation |
Clean water and sanitation CHALLENGES Clean water and sanitation CHALLENGES Water management |
Clean water and sanitation RISKS ASSOCIATED WITH THE CHALLENGE Clean water and sanitation RISKS ASSOCIATED WITH THE CHALLENGE Availability of water/water quality |
Clean water and sanitation RISK INDICATORS (QUANTIFIED TARGETS/PROGRESS PLAN) Clean water and sanitation RISK INDICATORS (QUANTIFIED TARGETS/PROGRESS PLAN) Water consumption |
Clean water and sanitation CHALLENGES LINKED TO THE REMUNERATION OF AN EXECUTIVE COMMITTEE MEMBER Clean water and sanitation CHALLENGES LINKED TO THE REMUNERATION OF AN EXECUTIVE COMMITTEE MEMBER Operations Director |
 Decent work and economic growth |
Decent work and economic growth CHALLENGES Decent work and economic growth CHALLENGES Employee well-being |
Decent work and economic growth RISKS ASSOCIATED WITH THE CHALLENGE Decent work and economic growth RISKS ASSOCIATED WITH THE CHALLENGE Absenteeism, turnover, workplace accidents, occupational health, work-related alcohol consumption |
Decent work and economic growth RISK INDICATORS (QUANTIFIED TARGETS/PROGRESS PLAN) Decent work and economic growth RISK INDICATORS (QUANTIFIED TARGETS/PROGRESS PLAN) Turnover and absenteeism |
Decent work and economic growth CHALLENGES LINKED TO THE REMUNERATION OF AN EXECUTIVE COMMITTEE MEMBER Decent work and economic growth CHALLENGES LINKED TO THE REMUNERATION OF AN EXECUTIVE COMMITTEE MEMBER Human Resources Director |
 Responsible consumption and production |
Responsible consumption and production CHALLENGES Responsible consumption and production CHALLENGES Circular economy and reduction of raw material consumption |
Responsible consumption and production RISKS ASSOCIATED WITH THE CHALLENGE Responsible consumption and production RISKS ASSOCIATED WITH THE CHALLENGE Company’s reputation among customers |
Responsible consumption and production RISK INDICATORS (QUANTIFIED TARGETS/PROGRESS PLAN) Responsible consumption and production RISK INDICATORS (QUANTIFIED TARGETS/PROGRESS PLAN) EPI (Environmental Performance Index) of packaging |
Responsible consumption and production CHALLENGES LINKED TO THE REMUNERATION OF AN EXECUTIVE COMMITTEE MEMBER Responsible consumption and production CHALLENGES LINKED TO THE REMUNERATION OF AN EXECUTIVE COMMITTEE MEMBER CEO Liqueurs & Spirits |
 Climate action |
Climate action CHALLENGES Climate action CHALLENGES Contribution to the global effort (2 °C limit) and sustainability of the business |
Climate action RISKS ASSOCIATED WITH THE CHALLENGE Climate action RISKS ASSOCIATED WITH THE CHALLENGE Changes in regulatory and fiscal framework (carbon tax) |
Climate action RISK INDICATORS (QUANTIFIED TARGETS/PROGRESS PLAN) Climate action RISK INDICATORS (QUANTIFIED TARGETS/PROGRESS PLAN) CO2emissions: significant emissions, by brand, focus on transport/reduction of CO2emissions |
Climate action CHALLENGES LINKED TO THE REMUNERATION OF AN EXECUTIVE COMMITTEE MEMBER Climate action CHALLENGES LINKED TO THE REMUNERATION OF AN EXECUTIVE COMMITTEE MEMBER CEOs of the Americas, EMEA and Asia Pacific regions |
 Life on land |
Life on land CHALLENGES Life on land CHALLENGES Sustainable agriculture: adapting the terroir and protecting biodiversity |
Life on land RISKS ASSOCIATED WITH THE CHALLENGE Life on land RISKS ASSOCIATED WITH THE CHALLENGE Sustainable production of our agricultural raw materials |
Life on land RISK INDICATORS (QUANTIFIED TARGETS/PROGRESS PLAN) Life on land RISK INDICATORS (QUANTIFIED TARGETS/PROGRESS PLAN) Percentage of sustainably managed land |
Life on land CHALLENGES LINKED TO THE REMUNERATION OF AN EXECUTIVE COMMITTEE MEMBER Life on land CHALLENGES LINKED TO THE REMUNERATION OF AN EXECUTIVE COMMITTEE MEMBER CEO House of Rémy Martin and CEO Whisky Business Unit |
The remaining members of the Executive Committee are also linked to these targets, with their variable “CSR” component corresponding to the average of the achievements of the Executive Committee members directly concerned.