LEGRAND / 2018 Registration document
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CORPORATE SOCIAL RESPONSIBILITY AND DECLARATION OF EXTRA-FINANCIAL PERFORMANCE
ACTING ETHICALLY TOWARDS SOCIETY
These associations comply with a range of European and national regulations, including: W ICC Code no. 240-46/557 of February 3, 2010: Framework for responsible environmental marketing communications, and the consolidated ICC Code of advertising and marketing communication practice; W the Charter of commitment and objectives for responsible advertising of the French Ministry of Ecology, Energy, Sustainable Development and Territorial Development, the Secretary of State for Industry and Consumption and the French Advertising Standards Authority (BVP); W the Self-regulatory Commercial Advertising Code ( Codice di Autodisciplina della Comunicazione Commerciale ) of the IAP ( Istituto dell’ Autodisciplina Pubblicitaria ) in Italy.
The UDA has also established an advertising self-regulatory authority, the ARPP, which is tasked with responding to cases of non-compliance with established principles and codes. The Group undertakes to respect the ARPP’s decisions, for example with regard to advertising, which is submitted to it ahead of campaign launches. The UDA has published the Responsible Advertising Charter, a checklist for responsible communication aimed at marketers, as well as a charter setting out standards for the respectful portrayal of people in advertising, which is recognized by the French Ministry for Solidarity and Social Cohesion. The UDA has been a member of the Global Compact since 2004, but is also a member of the WFA (World Federation of Advertisers) and of two programs: “Responsible Advertising and Children Program” and the “Responsible Marketing Pact”.
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4.3 – ACTING ETHICALLY TOWARDS SOCIETY
Social responsibility applies to all partners with which the Legrand Group interacts. This interaction must take place with the utmost respect for ethical principles, particularly in terms of
business practices and purchasing policy. As a socially responsible organization, the Group is also committed to helping as many people as possible gain sustainable access to electricity.
4.3.1 – Issue no. 3: Acting ethically
Risk of corruption and failure to respect business ethics In most of the markets where it sells its products, Legrand is subject to local and international regulations in the areas of competition law, embargoes, export control and efforts to combat money laundering and terrorist financing. A dispute involving Legrand with regard to these regulations could have a material impact on the Group’s business, reputation, results and financial position. Because of its international exposure and the development of project-based activities (as opposed to sales flow activities), the Group faces a growing risk of being obstructed by these laws and regulations. The Group’s commitment One of the basic tenets of Legrand’s social responsibility is to abide by ethical principles. This approach covers the themes of compliance with competition rules, the application of business best practice (particularly in terms of combating corruption), the prevention of conflicts of interest and management of fraud risks, compliance with international embargoes and sanctions, and the prevention of money laundering and terrorist financing. These themes are reflected in the four pillars of the Group’s compliance program.
Group General Management’s Commitment All of the Group’s General Management is closely involved in ensuring respect for business ethics, which is a fundamental value of the Group. As a result, General Management plays an active role in enforcing the Group’s Compliance program and works to ensure that it is properly applied through dedicated governance efforts. General Management has also affirmed its strong commitment to business ethics by signing the Global Compact and by adhering to the main universal principles and the international reference documents, including: the guiding principles of the OECD on combating bribery of foreign public officials in international business transactions, along with the guiding principles of the OECD for multinational companies; the United Nations Convention against Corruption; all national anti-corruption legislation, European competition directives, all national competition legislation and the Universal Declaration of Human Rights and additional compacts. General Management’s commitment also covers all Group employees.
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LEGRAND
REGISTRATION DOCUMENT 2018
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