LEGRAND / 2018 Registration document
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CORPORATE SOCIAL RESPONSIBILITY AND DECLARATION OF EXTRA-FINANCIAL PERFORMANCE
THE GROUP’S CSR STRATEGY
4.1.2 – Analysis of priority risks and issues in terms of social responsibility
The main issues and risks in workforce-related, social and environmental terms for stakeholders and for the Group are identified and ranked in terms of importance through two complementary approaches: W in 2017, the Group prepared a materiality matrix, identifying the stakeholder expectations that have a material impact on the development of the Group’s activities over a medium-term timeframe of five years; W in 2018, the Group carried out a risk-mapping exercise to identify and rank in terms of importance the main risks that affect the Group directly (strategic, operational or financial risks) or indirectly (reputational risks), also with a medium-term timeframe of five years. Analyses of these risks and issues are updated every two or three years, and reviewed annually to check that they remain relevant. Risk and issue analyses are shared with the Executive Committee in various governance body meetings, in the presence of the Chief Executive Officer. For example: W the risk map is presented by the Group Risk Manager to the Risk Committee; W the materiality analysis is presented by the Vice-President of Corporate Social Responsibility to the CSR Steering Committee. The Group’s Social Responsibility Department brings these two approaches together. It identifies the Group’s main risks and issues, which are presented below. R 4.1.2.1 DIALOGUEWITH STAKEHOLDERS AND MATERIALITYMATRIX Our stakeholders Legrand’s CSR strategy is based on: W its historic involvement with participants in the electrical sector; W its culture of employee-management dialogue; W its interaction with local communities; W its willingness to listen to stakeholders’ expectations so that it can respond accordingly.
Legrand identifies eight priority stakeholder groups: 1) its customers and users of its products and solutions, whether they are specifiers, installers or end customers;
2) its employees and trade unions; 3) its suppliers and subcontractors;
4) the scientific community, industry and the education sector; 5) the financial and extra-financial community (including investors, banks and rating agencies); 6) its shareholders; 7) civil society; 8) NGOs and charitable organizations. Legrand has mapped its stakeholders in detail, identifying their expectations, the Group’s responses and forms of dialogue. This map is available at www.legrand.com . Methodology An extensive materiality survey was conducted in 2017 among all the Group’s stakeholders. The aim was to update and supplement the survey carried out in 2013 and thus prepare the ground for the Group’s next CSR roadmap (post-2018). The methodology is based on the principles of the AA1000 AccountAbility Principles Standard which, in the absence of an internationally recognized standard, offers basic principles for stakeholder consultation. Key issues for consultationwere selected in view of the CSR practices of various institutional players (including the UN Sustainable Development Goals, OECD and Global Compact), applicable standards (including core ISO 26000 issues), and companies within its inner or outer ecosystem. This effort to determine material issues for people and the environment, across all sectors, identified 33 issues that were the subject of consultation. This list of issues was turned into an online questionnaire for all internal and external stakeholders, available in nine languages. Nearly 3,700 responses were received from 70 countries, with a representative distribution across all stakeholders. Because the Group wanted to be completely transparent about the results of the survey, more details can be found at www.legrand.com .
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REGISTRATION DOCUMENT 2018
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