Developing a governance framework to support CSR criteria that benefit all employees
The CSR Committee, which reports to the Board of Directors, has been implementing indicators to measure governance actions over the past three years in order to make each member of the Executive Committee an ambassador for CSR commitments. A portion of the variable compensation of senior executives on the Executive Committee is now indexed to CSR objectives, in accordance with the main SDGs: Water management (SDG 6), Well-being of employees (SDG 8), Circular economy and eco-design (SDG 12), Action to combat climate change, reducing carbon emissions, and the transport of products (SDG 13), and Sustainable agriculture (SDG 15).
In addition to governance actions, the CSR Committee (whose members are taken from the Board of Directors) aims primarily to oversee the implementation of the Group’s CSR policy. The following main topics were covered:
- France’s "Pacte" Act: confirmation of the purpose;
- review of 2019/2020 CSR reporting;
- confirmation and monitoring of the 2025 CSR plan – "Sustainable Exception";
- implementation of the carbon plan to achieve the 2030 carbon targets and the "Net Zero 2050" target;
- 2021/2022 budgets dedicated to implementing the CSR strategy;
- change in CSR organisation in 2021/2022;
- roll-out of B Corp certification;
- activities of the Rémy Cointreau Foundation.
Rémy Cointreau’s governance must ensure the integration of the Group’s CSR approach at all levels of management, from the Board of Directors to the structures overseeing teams of co-workers. It is this governance philosophy that is embodied as closely as possible to the employees across the Group’s various brands.
The Group’s approach to ethical business conduct is equally demanding of its partners, suppliers and other stakeholders. Compliance with the various regulations is more than just a legal requirement. It is part and parcel of Rémy Cointreau’s values of honesty, integrity and equality. Aware that its employees may be the first to be subject to inappropriate behaviour, the Group wishes to equip them with tools and support that guarantee a framework of trust. Every year, the Group raises awareness among its employees to ensure each of them is able to recognise bad practices, abuse or wrongdoing, and to whistleblow in full confidence and seek out the necessary help.
Rémy Cointreau is actively committed to financial transparency
The anti-bribery charter raises employee awareness of the risks of money laundering and tax evasion, and explains how to react to specific requests that could be made by certain business partners. It refers to the Group’s mandatory procedures on the matter, and in particular the due diligence to be carried out to ensure that a current or future business partner does not involve the Group in transactions that may favour these practices or that are located in countries included on the watchlists of France, the European Union or the USA.
The Rémy Cointreau Group keeps a regulatory watch and defines its tax policy with the help of a team of tax specialists under the supervision of the Finance Department. The Group is committed to complying with all tax regulations applicable to the countries in which it operates. Its tax policy is not based on any tax avoidance schemes and complies with the principles laid down by the OECD.
