Page 164 - 2012 Annual Report
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164
VIVENDI
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2012
l Annual Report
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INFORMATION ABOUT THE COMPANY – CORPORATE GOVERNANCE
SECTION 4 - REPORT BY THE CHAIRMAN OF VIVENDI’S SUPERVISORY BOARD ON CORPORATE GOVERNANCE, INTERNAL AUDITS
AND RISK MANAGEMENT – FISCAL YEAR ENDED DECEMBER 31, 2012
CORPORATE SOCIAL RESPONSIBILITY (CSR) AND SUSTAINABLE DEVELOPMENT
VIVENDI’S TEN PRIORITY ACTION AREAS
Vivendi carries out a CSR policy that links its economic, societal, social
and environmental performance with its activities and geographic
presence.
The Group makes its commitment clearly visible to all of its stakeholders
and partners: customers, employees, shareholders, suppliers, public
authorities, artists and civil society. These commitments which encompass
the three specific issues mentioned above, are developed in ten priority
action areas:
✱
ethics and business conduct;
✱
protecting and empowering young people;
✱
promoting cultural diversity;
✱
knowledge sharing ;
✱
protection of personal data;
✱
leveraging content and innovation;
✱
vigilance towards suppliers;
✱
territorial development;
✱
leveraging human resources; and
✱
environment and radiofrequencies.
These are described in detail in the 2012 CSR Detailed Report, available
on Vivendi’s website
). This report also includes all of
Vivendi’s non-financial indicators for 2012 as well as the cross-reference
table for the various reporting guidelines (Global Reporting Initiative,
French Grenelle II law, OECD, and United Nations Global Compact).
CREATING SHARED VALUE
Societal priorities are at the forefront of Vivendi’s concerns and
commitments. This position is welcomed by all our stakeholders with
whom the Group maintains a regular and constructive dialogue, including
academic communities, institutions, NGOs and financial and non-financial
analysts.
The high rating of Vivendi’s CSR policy gives investors comfort in their
investment choices. Vivendi’s commitments in favor of the diversity of
musical or cinematographic expressions, pluralism and content quality,
intercultural dialogue, access to new information and communication
technologies, and empowering young people is what enables the Group
to win market share. These trends and developments demonstrate that
economic performance and sustainable development go hand in hand.
4.7.2.
Integration of CSR into Vivendi’s Governance and Strategy
CROSS-MOBILIZATION
The Corporate Social Responsibility (CSR) department, which comes
under the responsibility of the Communication department, guides
this mobilization by working in close cooperation with the functional
departments at the headquarters and within the subsidiaries. Since 2003,
it is supported by a Sustainable Development Committee, which meets
regularly. This Committee brings together the representatives dedicated
to these matters in each of the Group’s subsidiairies and representatives
of several corporate functional departments.
This mobilization must foster the development of a better-integrated
non-financial reporting protocol so that the company can be assessed
based on all aspects of its performance (economic, societal, social and
environmental).
INCORPORATING SUSTAINABLE DEVELOPMENT CRITERIA
INTO SENIOR EXECUTIVES’ VARIABLE COMPENSATION
The Supervisory Board has defined the three strategic sustainable
development issues, applicable to all subsidiaries and directly related
to their activities: protecting and empowering young people; promoting
cultural and artist diversity; and knowledge sharing. The Supervisory Board
required criteria to be defined for each business based on its expertise and
positioning.
The Human Resources Committee, within the Supervisory Board, assesses
performance against these criteria and determines the components
integrated into the executives’ variable compensation.
EFFECTIVE NON-FINANCIAL REPORTING
Vivendi’s non-financial reporting is a CSR management tool that
enables the Group to control risks and capitalize on opportunities.
The incorporation of indicators linked to the Group’s strategic issues
is an innovative approach in the cultural and creative industries sector.
In 2012, Vivendi’s reporting Protocol was completely revised to meet
the new requirements of Article 225 of the French Grenelle II law and
the guidelines of the Media Sector Supplement of the Global Reporting
Initiative (GRI), to which Vivendi has been an active contributor. In 2012,
a steering committee composed of members of Senior Management and
drawn from the functional departments (Legal, HR Internal Audit and CSR)
met several times to assess the progress across the Group in his area.
For fiscal year 2012, more than 35% of the non-financial data collected
pursuant to this reporting Protocol are presented in Chapter 2 of this
Annual Report and such disclosure has been audited by Ernst & Young.
In the cultural and creative industries sector, Vivendi has pioneered the
reporting and verification of indicators directly linked to its activities.
