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Information about the Company | Corporate Governance |
Reports
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An Integrated Reporting Approach
Vivendi has initiated an integrated reporting approach, driven by a desire
to better assess the CSR contribution to the results achieved by the group
in the various missions that form part of its media operations.
Since 2003, the promotion of cultural diversity in the production and
distribution of content has been recognized as a strategic issue and has
contributed to the group’s economic performance and to strengthening
social cohesion. In 2013, General Management gave its approval to a
pilot project aimed at measuring the contribution made by investments in
a wide and diverse range of musical, film and audiovisual content.
This exercise has demonstrated that producing richly diverse cultural
content is in the public interest (societal value) and gives the group a
competitive advantage over its competitors (financial value).
In line with the group’s commitments, this pilot project was expanded to
an international scope in 2014 and was incorporated into a more strategic
corporate vision setting forth its business model and value creation (see,
Chapter 1 of this Annual Report).
4.7.2.
Integration of CSR into Vivendi’s Governance and Strategy
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Cross-mobilization
In compliance with its Internal Regulations, the Supervisory Board
annually reviews the societal responsibility policy implemented by the
CSR department, which reports to the Senior Executive Vice President
of Development and Organization who is a Management Board member.
Every quarter, the Supervisory Board receives a status report on the roll-
out of the CSR policy.
The CSR department establishes guidelines and engages in cross-
disciplinary operations in close collaboration with the operating teams
at headquarters and business units. Since 2003, it has been supported
by a CSR Committee, which meets several times a year. This Committee
brings together representatives dedicated to CSR issues in the business
units, the representatives of several corporate operational departments
as well as outside experts.
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CSR Criteria Included in Senior Executives’ Variable
Compensation
The Supervisory Board has incorporated into the variable compensation of
senior executives some CSR criteria associated with the three strategic
issues that apply to all subsidiaries and are directly related to their
operations: promoting cultural diversity; protecting and empowering
young people; and fostering knowledge sharing. The issue on the
valuation and protection of personal data was added to these three
historical CSR issues in 2015. The Supervisory Board has required these
CSR criteria to be defined for each business based on its expertise and
positioning.
The Corporate Governance, Nominations and Remuneration Committee,
within the Supervisory Board, assesses performance against these
criteria and determines the components integrated into the variable
compensation of executives.
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Non-Financial Reporting, a Management Tool
Vivendi’s non-Financial Reporting is a CSR management tool that enables
the group to better control risks and capitalize on its opportunities. The
incorporation of indicators linked to the group’s strategic issues is an
innovative approach in the media and cultural industries sector.
In 2014, Vivendi’s Reporting Protocol was updated following a
stakeholder consultation: it meets the requirements of Article 225 of the
French Grenelle II law and incorporates the Media Sector Supplement of
the Global Reporting Initiative (GRI) guidelines, to which Vivendi has been
an active contributor.
These non-financial data collected pursuant to this reporting Protocol are
set forth in Chapter 2 of this Annual Report and have been audited by
Ernst & Young. The details of these data are showed in the CSR section
of the corporate website. In the cultural and creative industries sector,
Vivendi has for several years pioneered the reporting and verification of
indicators directly linked to its operations.
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Strategic Human Rights Issues
Vivendi has placed its strategic issues within the scope of human rights
concerning the media and creative industries sector. This position has
been applauded by the group’s stakeholders and especially by the
International Federation for Human Rights (FIDH). Following approval by
the independent ethics Committee of the
Libertés & Solidarité
investment
fund, FIDH has included Vivendi in its investment fund portfolio in
November 2014. Its inclusion is primarily the result of “the innovative
efforts made by Vivendi to understand, measure and improve its impact
on human rights. The establishment and the reporting of indicators
measuring impacts of the content distributed by Vivendi in terms of
human rights is especially innovative.” Vivendi is the first and only
French media group to have been selected by this fund, which has been
managed by La Banque Postale Asset Management since 2001.
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Annual Report 2014