PERNOD-RICARD - URD 2021-22 EN

Sustainability & Responsibility Ethics & compliance

An efficient organisation Pernod Ricard has a team of qualified and well-trained tax and customs specialists. They report to the EVP Finance, IT and Operations. There are clear internal control principles on tax matters. These are available to all employees on the Intranet. Processes are in place to prevent tax evasion. The tax legislation in the countries in which Pernod Ricard operates is complex and may be open to interpretation. Pernod Ricard manages such uncertainties with the support of internal and external tax experts. Tax provisions are measured based on the Group’s best estimate using available information (1) and regularly presented to the Audit Committee. Promotion of international transparency Pernod Ricard is committed to being open and transparent with tax authorities and to disclosing relevant information to enable them to carry out their work. Pernod Ricard places particular importance on working positively, proactively and transparently with them. This is both to build open and sustainable relationships and to resolve potential disputes quickly. Pernod Ricard complies with country-by-country reporting obligations. The Group also participates in the development of corporate tax policies, tax transparency initiatives and tax legislation through public consultations.

3.4.2

Presentation

and implementation of the Duty of Care

The cross-reference tables below summarise the information on the Group’s duty of care plan and its implementation as required by article L. 225-102-4 of the French Commercial Code. Some of the information can be found elsewhere in Sections 3 and 4. Several Departments and working groups are involved in: identifying and monitoring risks associated with the Group’s business activities, its main suppliers and subcontractors; as well as implementing and monitoring measures. The Departments involved are the S&R, Purchasing, HR, Internal Audit, Operations and Legal Departments. The S&R Senior Steering Committee oversees the implementation of the Group’s S&R Strategy and progress towards targets. The role of the S&R Committee within the Board of Directors is to monitor progress on the S&R Strategy, challenge goals and report to the wider Board. Regarding the monitoring of measures, the Group uses various internal reporting systems and indicators to monitor implementation of the actions taken. The results have already been extensively published and audited in a fully transparent manner in this report (see Sections 2, 3 and 4 in particular). Risk identification and mapping 3.4.2.1 Pernod Ricard faces a range of internal and external risks in its own operations as well as in its supply chain. The main risks currently identified by the Group, along with the relevant methodology, are discussed under “Risk factors” in Section 4 “Risk management”. Further discussion can be found at the start of Section 3 under the heading “The main sustainability risks and opportunities”. The mapping processes described below were drawn from Pernod Ricard’s existing risk management systems. In addition, in line with the requirement to publish a “Non-Financial Statement”, the Group has published its main non-financial risks and opportunities in Section 3.

3.

In particular that provided by the Group’s legal and tax advisors. (1)

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Pernod Ricard Universal Registration Document 2021-2022