ENCOURAGING RESPONSIBLE PRACTICES
Whether creating a climate of trust and transparency in sourcing practices or supporting employee commitment alongside local communities, Rémy Cointreau demonstrates its commitment to People by widely broadcasting and sharing its responsible practices both in-house and externally.
Committed to responsible sourcing
To measure the impact of Rémy Cointreau’s and its teams’ commitment in each of its businesses, a first in-depth study on the total social impact of the Group's activities in Barbados was conducted in 2018. This study aimed to assess the social footprint of Mount Gay in the region, based on three major considerations: environmental, economic and social sustainability.
In terms of jobs, the results obtained allow an assessment of the direct impact (Mount Gay employees), indirect impact (jobs supported in the supply chain) and induced impact (jobs supported through wages and taxes). It is also possible to identify the socio-economic impacts of Mount Gay's activity on the local economy of Barbados and worldwide. As such, in 2017 Mount Gay's activity supported 760 jobs worldwide, including 475 in Barbados. More specifically, the main results concerning the “job” impact are as follows:
- Direct jobs (Mount Gay employees): 145
- Indirect and induced jobs (Barbados): 330
- Indirect and induced jobs (World): 285
This means that, for 1 job at Mount Gay, 2.3 jobs are supported on the Island of Barbados and 5.3 jobs are supported in the world. In addition to the jobs supported, Mount Gay’s activity also boosts wealth creation in the Barbadian economy by injecting 47 million Barbadian dollars. Not to mention the wealth generated in the rest of the global economy, namely the equivalent of 35 million Barbadian dollars. All of these figures confirm Mount Gay’s important contribution to the development of the Island of Barbados in terms of jobs and wealth creation.
Regarding sourcing, the Group has been a member of the SEDEX (SupplierEthical Data Exchange) platform since 2016. This international organisation encourages ethical and responsible corporate practices in global supply chains. It provides the Group with an overview of supplier practices – in terms of working standards, hygiene, safety, and even commercial ethics.
For Rémy Cointreau, fostering transparency means ensuring excellent practices by its distributors and suppliers. Thanks to the work undertaken by the Group among suppliers (information kit and use of the platform) and its employees (in-house training), more than 93% of its partners have joined SEDEX. Rémy Cointreau has continued its responsible sourcing efforts to contribute to the goals of the 2020 plan, which determines that 100%of suppliers will have joined SEDEX within the next year.
