Acting in full transparency for ethical corporate governance
Of the 10 Sustainable Development Goals (SDG) identified as priorities for the Group, the establishment of effective and responsible institutions at the highest level of governance is one of the essential
goals most important to Rémy Cointreau. This year, the Group furthers its action with stronger procedures to comply with the Code of Business Conduct and fight corruption.
In this regard, an “ethical course” via an online training module is now compulsory for all Group employees: with this first level of awareness-raising and training, the Group ensures that the fundamental principles of the CSR policy are shared by all
employees.
Convinced that responsibility is a matter of common concern, the Group’s CSR charter has been completely revised and will gradually be circulated internally to all staff members and externally to all Rémy Cointreau partners.
CSR criteria in the variable component of Exco compensation:
Since 2018, a portion of senior executives’ variable compensation is indexed to five criteria defined by the Rémy Cointreau Management Committee.
Exco members are directly assessed based on one of these five objectives and thus become true ambassadors of a CSR indicator and its improvement.
- Water management (SDG 6) and the Chief Operating Officer
- Employee well-being (SDG 8) and the Director of Human Resources
- The circular economy and eco-design (SDG 12) and the Chief Executive Officer of Liqueurs and Spirits
- Action to combat climate change, reducing carbon emissions, and the transport of products (SDG 13) and the Chief Executive Officers of the Asia/Pacific, Americas and EMEA regions
- Sustainable agriculture (SDG 15) and the Chief Executive Officers of the House of Rémy Martin and the Whisky division
The other Exco members are also involved: a variable portion of their compensation is indexed to the average achievement of these goals.
Encouraging responsible practices by all our partners
In addition to improving its own practices, Rémy Cointreau is also attentive to the work performed by its suppliers in France and abroad. To ensure they adhere to its commitments, the Group has published a Code of Conduct for the attention of all its
supplier partners. It comprises38 principles covering the key areas of corporate social responsibility, including special attention to the responsibility of players in their supply chain and to compliance with Human Rights and environmental principles.
Relying on an efficient assessment system, theGroup monitors the proper implementation of these principles by all its suppliers. It makes them accountable and thereby encourages them to share these best practices with their stakeholders, with real
consequences for all of their supply chains.
These efforts to disseminate best practices and the discipline with which they are applied by its partners have been rewarded: in 2018, the Group received the 2019 Treasury4Good award for the most ethical supply chain.
