5. Corporate Social Responsibility

The various challenges selected form the bedrock of our new CSR charter developed this year to support the Group in continuing its efforts towards excellence. It is based on three major goals:

- Preserving our Terroirs to reveal their excellence, by encouraging responsible farming methods, maintaining the terroirs’ specific characteristics and innovating to protect them,

- Committing to men and women to assert our singularity by guaranteeing well-being at the workplace, gender equality and non-discrimination, committing to responsible sourcing, working hand-in-hand with local communities, and promoting the responsible consumption of our products by our clients,

- Respecting the values of Time to create exceptional products while leading the fight against global warming, protecting water resources, and taking action to reduce the environmental impact of our activities.

Rémy Cointreau’s governance must ensure the integration of the Group’s CSR approach into its overall strategy, at all levels of management, from the Board of Directors to the structures overseeing teams of co-workers.

This is vital to ensure the credibility and reliability of the Group’s CSR policy with respect to its stakeholders be they employees or external partners. Rémy Cointreau must inspire confidence in the reality of its CSR commitments by proving the effective and consistent implementation of its CSR strategy at all levels of the company.

CSR governance at Rémy Cointreau relies primarily on the Corporate Social Responsibility (CSR) committee, which is mainly responsible for ensuring the implementation of the Group’s CSR policy. The committee’s other duties include compliance with commitments (UN Global Compact and internal CSR charters), assessing the actions implemented (2020 CSR plan), monitoring the dashboard of indicators, the result of CSR reporting verification audits, changes in non-financial ratings, and the outlook in terms of actions (updating the 2020 CSR plan).

As players in this CSR governance, senior executives on the Rémy Cointreau Executive Committee have a portion of their variable compensation index-linked to CSR goals in line with the main SDGs selected (primarily SDG 6, 8, 12, 13 and15). As such, each Exco member becomes a true ambassador, for all the Group’s employees worldwide, regarding a CSR indicator and its improvement.