Our vision

 

ESG factors: new territories of risks and opportunities

• The economic, environmental and social challenges of the 21st century foretell of short-term ‎fundamental changes in our development models.‎ ‎
• These challenges confer upon economic actors (companies, state and local government and ‎financial institutions) new responsibilities and call on them to take new territories of risks and ‎opportunities into account. ‎

 

Definition of Social Responsibility

Vigeo defines social responsibility as a managerial commitment meant to:‎

• Take into account the rights, interests and expectations of those actively involved in its activity
• Give an account of the levels of performance and risk management in the perspective of ‎continuous improvement

Towards a more sustainable and responsible performance

Lacial responsibility is a commitment towards responsible performance. Social responsibility, insofar as it serves legitimate aims and is implemented in a rational way:‎

• reduces organizations’ risks,‎
• reinforces performance,‎
• enables positive differentiation

Risk factors convertible into performance factors

• The risks related to social responsibility fall to the management functions.
• These risks are neither transferable ‎nor “insurable”. ‎
• If they are handled well they may develop into factors of performance.‎

 

Declarations of intent are not enough 

 

Ethical codes and codes of conduct may be relevant and sincere, but they do not alwaysgive information ‎about the material aspect of commitments.‎