THE 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 terroir 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 compensation.
| SDGS | CHALLENGES | RISKS RELATING TO THE CHALLENGE | RISK INDICATORS(QUANTIFIED TARGETS/PROGRESS PLAN) | CHALLENGES RELATED TO THE COMPENSATION OF A MEMBER OF THE EXECUTIVE COMMITTEE |
|---|---|---|---|---|
 Clean water and sanitation | Clean water and sanitation CHALLENGES Clean water and sanitation CHALLENGES Water management | Clean water and sanitation RISKS RELATING TO THE CHALLENGE Clean water and sanitation RISKS RELATING TO THE CHALLENGE Water availability/ Waterquality | Clean water and sanitation RISK INDICATORS(QUANTIFIED TARGETS/PROGRESSPLAN) Clean water and sanitation RISK INDICATORS(QUANTIFIED TARGETS/PROGRESSPLAN) Water consumption | Clean water and sanitation CHALLENGES RELATED TO THE COMPENSATION OF A MEMBER OF THE EXECUTIVE COMMITTEE Clean water and sanitation CHALLENGES RELATED TO THE COMPENSATION OF A MEMBER OF THE EXECUTIVE COMMITTEE CEO of the House of Rémy Martin and CSR |
 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 RELATING TO THE CHALLENGE Decent work and economic growth RISKS RELATING TO THE CHALLENGE Absenteeism, turnover, workplace accidents, occupational health, work-related alcohol consumption | Decent work and economic growth RISK INDICATORS(QUANTIFIED TARGETS/PROGRESSPLAN) Decent work and economic growth RISK INDICATORS(QUANTIFIED TARGETS/PROGRESSPLAN) Turnover and absenteeism | Decent work and economic growth CHALLENGES RELATED TO THE COMPENSATION OF A MEMBER OF THE EXECUTIVE COMMITTEE Decent work and economic growth CHALLENGES RELATED TO THE COMPENSATION OF A MEMBER OF THE EXECUTIVE COMMITTEE CEO of the Whisky Division |
 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 RELATING TO THE CHALLENGE Responsible consumption and production RISKS RELATING TO THE CHALLENGE Company’s reputation among customers | Responsible consumption and production RISK INDICATORS(QUANTIFIED TARGETS/PROGRESSPLAN) Responsible consumption and production RISK INDICATORS(QUANTIFIED TARGETS/PROGRESSPLAN) EPI (Environmental Performance Index of packaging) | Responsible consumption and production CHALLENGES RELATED TO THE COMPENSATION OF A MEMBER OF THE EXECUTIVE COMMITTEE Responsible consumption and production CHALLENGES RELATED TO THE COMPENSATION OF A MEMBER OF THE EXECUTIVE COMMITTEE CEO of the House of Rémy Martin and CSR |
 Climate action | Climate action CHALLENGES Climate action CHALLENGES Contribution to the global effort (2°C limit) and sustainability of the business | Climate action RISKS RELATING TO THE CHALLENGE Climate action RISKS RELATING TO THE CHALLENGE Changes in regulatory and fiscal framework(carbon tax) | Climate action RISK INDICATORS(QUANTIFIED TARGETS/PROGRESSPLAN) Climate action RISK INDICATORS(QUANTIFIED TARGETS/PROGRESSPLAN) CO2 emissions: significant emissions, by brand, focus on transport/reductionof CO2 emissions | Climate action CHALLENGES RELATED TO THE COMPENSATION OF A MEMBER OF THE EXECUTIVE COMMITTEE Climate action CHALLENGES RELATED TO THE COMPENSATION OF A MEMBER OF THE EXECUTIVE COMMITTEE CEO Liqueurs & Spirits,CEO Greater China, Operations Director |
 Life on land | Life on land CHALLENGES Life on land CHALLENGES Sustainable agriculture: adapting the terroir and protecting biodiversity | Life on land RISKS RELATING TO THE CHALLENGE Life on land RISKS RELATING TO THE CHALLENGE Sustainable production of our agricultural raw materials | Life on land RISK INDICATORS(QUANTIFIED TARGETS/PROGRESSPLAN) Life on land RISK INDICATORS(QUANTIFIED TARGETS/PROGRESSPLAN) Percentage of sustainably managed land | Life on land CHALLENGES RELATED TO THE COMPENSATION OF A MEMBER OF THE EXECUTIVE COMMITTEE Life on land CHALLENGES RELATED TO THE COMPENSATION OF A MEMBER OF THE EXECUTIVE COMMITTEE CEO of Maison RémyMartin and of CSR, CEO of Liqueurs & Spirits and CEO of the Whisky Division |
The remaining members of the Executive Committee are also linked to these targets, with their variable "CSR" component corresponding to the average achievements of the Executive Committee members directly concerned.