OUR ENVIRONMENTAL, SOCIAL, AND SOCIETAL RESPONSIBILITY
The climate-related performance report
THE CLIMATE-RELATED PERFORMANCE 3.7. REPORT
Anthropogenic climate change constitutes one of the main challenges facing humanity in the 21 st century. The BIC Group recognizes that this is a collective challenge and strives to do what it can to reduce its own greenhouse gas emissions. In addition, BIC continues to assess the consequences of climate change on its operations and to implement the best possible adaptive measures. For more than ten years, the BIC Group has been reporting on its response to climate issues by participating in the Carbon Disclosure Project (CDP). In keeping with the positive performances of previous years, in 2020 BIC received an A– rating on the CDP Climate questionnaire and attained Leadership Level, a distinction granted to companies that are taking the lead in the fight against climate change. In 2020 BIC bolstered its policy of transparency and included a climate-related performance report in its NFPS, based on the guidelines proposed by the Task Force on Climate-related Financial Disclosure (TCFD). Board of Directors 126.96.36.199 One of the primary missions of the Nominations, Governance and Corporate Social Responsibility (CSR) Committee is to examine the Group’s challenges concerning sustainable development, including those related to climate change, as well as its sustainable development strategy and the progress made in applying that strategy. In addition, the BIC Group’s Sustainable Development Program, encompassing all related challenges including those linked to climate change, is presented (goals and progress made) to the Board of Directors at least once per year and to the Shareholders at their Annual Meeting. 188.8.131.52 The fight against climate change is an integral part of the BIC Sustainable Development Program. Issues concerning sustainable development and climate change are incorporated in the Group’s decision-making processes and the related risks are included in the Group risk mapping prepared by the Risk Management Department. Every year the Executive Committee reviews the implementation of the “Writing the Future, Together” program, which includes goals that contribute to the fight against climate change (commitments #1, #2 and #4). In 2020 the CEO renewed the Group’s signing of the French Business Climate Pledge, confirming BIC’s commitment, alongside a hundred or so other French companies, to combat global warming. Management GOVERNANCE 3.7.1
Risks and opportunities related
to climate change and their impact [DPEF] [NFPS risk 2] Among its main CSR risks, BIC has identified the following risks related to climate change: disruption or interruption of production activities due to ● extreme weather conditions or availability of natural resources (water, energy, etc.) directly impacting BIC’s factories or those of its suppliers and subcontractors; development of new regulations and standards regarding ● product environmental impact assessment and communication (including carbon impact) as well as consumer behavior changes impacting the Group’s sales; increasing global regulation of carbon and energy directly or ● indirectly impacting BIC’s operations or those of its suppliers and contract manufacturers. The challenge related to global warming is also a source of opportunities for BIC, such as: innovating in terms of energy supply, in particular through ● “Writing the Future Together” commitment #2: Acting against climate change, and by streamlining energy costs; improving the products’ environmental performance, in ● particular through “Writing the Future Together” commitment #1 Fostering sustainable innovation in BIC ® products; standing out on the markets by offering products with a ● reduced carbon footprint.
Strategy to address the risks and opportunities related to climate change
Using renewable energy at BIC sites Electricity consumption at BIC sites accounts for 9% of the Group’s total emissions. Through the commitment Writing the Future, Together – #2 Acting Against Climate Change, the BIC Group aims to use 80% renewable electricity by 2025, and in the longer term , 100%.
• BIC GROUP - 2020 UNIVERSAL REGISTRATION DOCUMENT •