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:
- preserving our Terroirs and promoting our soils as a solution to global warming;
- taking action for our people and our communities because sustainable transformation can only be achieved by working together;
- committing over time; because the planet cannot wait, we are already contributing to carbon neutrality for the Group while investing to reduce our environmental footprint.
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 3, 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 |
|---|---|---|---|---|
 Good health |
Good health CHALLENGES Good health CHALLENGES Responsible consumption |
Good health RISKS RELATING TO THE CHALLENGE Good health RISKS RELATING TO THE CHALLENGE Binding regulatory and fiscal framework, work-related alcohol consumption |
Good health RISK INDICATORS (QUANTIFIED TARGETS/ PROGRESS PLAN) Good health RISK INDICATORS (QUANTIFIED TARGETS/ PROGRESS PLAN) Percentage of employees trained on responsible consumption |
Good health CHALLENGES RELATED TO THE COMPENSATION OF A MEMBER OF THE EXECUTIVE COMMITTEE Good health CHALLENGES RELATED TO THE COMPENSATION OF A MEMBER OF THE EXECUTIVE COMMITTEE Human Resources Director, CEO Greater China and CEO Americas |
 Clean water |
Clean water CHALLENGES Clean water CHALLENGES Water management |
Clean water RISKS RELATING TO THE CHALLENGE Clean water RISKS RELATING TO THE CHALLENGE Water availability/ Water quality |
Clean water RISK INDICATORS (QUANTIFIED TARGETS/ PROGRESS PLAN) Clean water RISK INDICATORS (QUANTIFIED TARGETS/ PROGRESS PLAN) Water consumption |
Clean water CHALLENGES RELATED TO THE COMPENSATION OF A MEMBER OF THE EXECUTIVE COMMITTEE Clean water CHALLENGES RELATED TO THE COMPENSATION OF A MEMBER OF THE EXECUTIVE COMMITTEE CEO of the Whisky Division and CEO of Liqueurs & Spirits |
 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 |
Decent work and economic growth RISK INDICATORS (QUANTIFIED TARGETS/ PROGRESS PLAN) Decent work and economic growth RISK INDICATORS (QUANTIFIED TARGETS/ PROGRESS PLAN) 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 Human Resources Director |
 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/ PROGRESS PLAN) Responsible consumption and production RISK INDICATORS (QUANTIFIED TARGETS/ PROGRESS PLAN) 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, CEO of the Whisky Division and CEO of Liqueurs & Spirits |
 Climate action |
Climate action CHALLENGES Climate action CHALLENGES Contribution to the global effort (2 °C limit) and sustainability of the Company |
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/ PROGRESS PLAN) Climate action RISK INDICATORS (QUANTIFIED TARGETS/ PROGRESS PLAN) CO2 emissions: significant emissions, by brand, focus on transport/reduction of 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 Executive Vice President Operations, CEO of the Whisky Division |
 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/ PROGRESS PLAN) Life on land RISK INDICATORS (QUANTIFIED TARGETS/ PROGRESS PLAN) 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 The House of Rémy Martin and CSR, CEO of the Whisky Division and CEO of Liqueurs & Spirits |
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.