BIC - 2020 Universal Registration Document
OUR ENVIRONMENTAL, SOCIAL, AND SOCIETAL RESPONSIBILITY
How to read BIC’s non-financial information and Non-Financial Performance Statement BIC has decided to present the various elements of information required by French executive order No. 2017-1265 of August 9, 2017 (1) in different chapters of its management report in order to facilitate the reader’s comprehension. Consequently, BIC’s business model is presented in the extracts from the Integrated Report. The CSR risks identified under the NFPS are listed and described in paragraph 188.8.131.52. Those of which are also major risks for BIC are equally presented in chapter 2.1. Chapter 3. Our environmental, social and societal responsibility, presents: in the introduction to each section, a description of the challenges of sustainable development; ● in the “Risks and Opportunities” sections: the risks identified in the Non-Financial Performance Statement and the related ● opportunities; in the “Policies, actions taken, results and perspectives” sections: a description of the policies adopted and actions implemented by the ● BIC Group, including due diligence procedures undertaken to identify, prevent and reduce the frequency of risks or to seize the identified opportunities, as well as the results of these policies, including key performance indicators, and, where applicable, perspectives on these points. 2020 was the first year in which BIC released its Climate-Related Performance Report (§ 3.7) in keeping with the guidelines proposed by the Task Force on Climate-related Financial Disclosure (TCFD). Consequently, this section follows the headings proposed by the TCFD rather than the structure described above. BIC identifies information expressly required in the Non-Financial Performance Statement with the initials [NFPS] and [NFPS Risk X] . Firmly convinced of the value of the BIC Sustainable Development Program, which has been in effect for more than 15 years, the Group has also decided to continue presenting all of the action plans implemented as part of this program, including those that do not directly help prevent or reduce a major risk. However, the Group has reorganized this chapter to give priority to the elements relating directly to the Non-Financial Performance Statement. A summary table of the Non-Financial Performance Statement is also available below. The main CSR risks resulting from BIC’s operations and the use of its goods and services [NFPS] BIC identifies 9 main non-financial risks resulting from its operations and the use of its goods and services: risks related to plastics: plastic waste and resource depletion [NFPS risk 1] ; ● risks related to climate change [NFPS risk 2] ; ● risks related to product safety and consumer health and safety [NFPS risk 3] ; ● risks related to health and safety of teammembers [NFPS risk 4] ; ● risks related to non-respect of human rights (child labor, international conventions, ILO) [NFPS risk 5] ; ● risks related to unfair practices (corruption) [NFPS risk 6] ; ● risks related to our operations and the environment [NFPS risk 7] ; ● risks related to reputation and brand [NFPS risk 8] ; ● risks related to experienced teammembers and skills [NFPS risk 9] . ● Risks related to tax evasion are not identified as major CSR risks for the Group. The method for identifying these risks and evaluating their degree of criticality is described in Chapter 2 of the present Universal registration document. Below, the summary table of the Non-Financial Performance Statement summarizes the elements required by French executive order No. 2017-1265 dated August 9, 2017 (for the application of decree No. 2017-1180 dated July 19, 2017 concerning the disclosure of non-financial information by certain large companies and corporate groups).
For the application of decree No. 2017-1180 dated July 19, 2017 concerning the disclosure of non-financial information by certain large companies (1) and corporate groups.
• BIC GROUP - 2020 UNIVERSAL REGISTRATION DOCUMENT •
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