towards a more sustainable model
Our contribution to a more sustainable model as stakeholders take an increasingly keen interest in companies’ actions and their role in society, business strategies are expected to demonstrate strong and committed corporate citizenship that incorporates today’s environmental, societal and social challenges.
The very nature of our businesses means Vivendi has a major role to play in this respect: culture is both a cornerstone of social life and a key lever for individual empowerment.
That is why we are committed to diverse content creation, supporting talents wherever they are, offering ambitious and inspiring content, and being faithful observers of our contemporary world through the stories we tell as well as the impact of our businesses.
In light of this responsibility and our influence, the Vivendi group has made three commitments:
- To respond to the climate emergency (clickable)
- To support ambitious, multi-faceted creative content (clickable)
- To discover talents in all their diversity (clickable)
These three commitments make up the framework of the group’s non-financial performance reporting.
Non-financial performance as a cornerstone of governance
Driven since 2003 by the determination to link non-Financial performance and value creation with its strategic objectives and positioning, Vivendi has fully integrated its societal, social and environmental challenges in its strategy and governance.
The Vivendi group’s CSR Department heads up these issues, and reports to the General Counsel, a member of Vivendi’s Management Board. It defines the strategic focus of the social responsibility policy and carries out
cross-functional assignments geared towards giving non-financial performance an ever-greater place in the group’s decisions and business lines, as a means of shaping overall performance.
The Supervisory Board contributes directly to the governance of the group’s non-financial performance. A CSR Committee set up in 2017 prepares the Board’s decisions, makes recommendations and issues opinions on the group’s social and environmental challenges, social dialog, employee engagement and societal projects.
Since 2010, Vivendi has proactively incorporated CSR criteria of variable compensation for senior executives. From 2020, CSR criteria will be used to determine 12% of variable compensation.
Read Vivendi’s non-financial performance statement in full on pages 49 to 85 of the group’s 2019 Universal Registration Document.
Our main non-financial risks
Pursuant to Executive Order No. 2017-1180 of July 19, 2017 amending the legislative framework on the publication of non-financial information, Vivendi established a risk map of the main non-financial risks related to its activities in 2018. An additional risk analysis was also carried out in July 2019 with representatives of various Editis divisions in order to prepare its inclusion in the non-financial reporting scope from 2020, and a selection of initiatives supported by Editis is presented in the non-financial performance statement, on pages 49 to 85 of Vivendi’s 2019 Universal Registration Document.
All parameters likely to have an impact on the group’s activities were analyzed and weighted, taking into account potential effects on the group’s reputation, customers and operations, financial risks, likelihood and processes already in place at subsidiaries to minimize such risks.
This risk mapping process led to a list of six risks (some applicable to all subsidiaries and some only applicable to certain subsidiaries) being identified as material, along with corruption risks and areas for vigilance in the supply chain The list lays out the “gross” risks inherent to the group’s businesses, without taking into account mitigation measures that could reduce their impact or likelihood. It was presented to the CSR Committee and approved by the Supervisory Board’s Audit Committee. The list of potential risks is presented below. They are the subject of action plans and controls described in the group’s commitments, and some of them (security and data protection risks, corruption risks and areas for vigilance in the supply chain) are addressed in the compliance policy (see Chapter 2 of Vivendi’s 2019 Universal Registration Document, pages 99 to 101).