CSR issues are mapped on the basis of a comparison between the expectations of stakeholders and the company’s economic performance requirements.
To respond to each issue, PSA Group makes a commitment and sets a target for a given time period together with precise annual objectives. By doing so, it sets a trajectory for its CSR policy and is able to measure the progress accomplished.
The CSR policy and management approach are part of the Group’s strategic governance systems. CSR objectives and commitments are approved and monitored by the Group Executive Committee. Progress on these commitments is also presented to the Supervisory Board.
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The operational management of CSR is the responsibility of the Sustainable Development Department, reporting to the Corporate Communications Director, who reports to the Chairman. The Sustainable Development Department relies on a network of correspondents and experts to coordinate and roll out action plans.
Assessing CSR is a difficult task but vital to ensuring the continued advancement of the policy and its credibility with stakeholders. The reliability and relevance of the data are regularly analysed by experts from a number of non-financial rating agencies.
PSA Group is the only carmaker in the Vigeo World 120 index.
The performance of the Group’s CSR policy is continuously improving. In December 2015, following an assessment process of nearly six months, the non-financial rating agency Vigeo delivered its verdict: PSA Group is the only carmaker to figure in the Vigeo World 120 index of the 120 most CSR-advanced companies in Europe, North America and Asia Pacific. Vigeo updated its four indices in June 2016, with PSA Group remaining in the World 120, Europe 120, Eurozone 120 and France 20.
The Group also continues to figure in major indices such as the FTSE4Good, Dow Jones Sustainability Index, STOXX Global ESG Leaders and Ethibel Sustainability Index (ESI) Excellence Europe. It was awarded a 100/100 score on data transparency by the Carbon Disclosure Project as well as a responsible supplier gold medal by EcoVadis.