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DANONE
REGISTRATION DOCUMENT 2015
Corporate Governance
6.1 Governance bodies
227
•
ensuring that members are informed about the internal control
procedures implemented within Danone relating to its main
environmental risks;
•
being consulted by the Audit Committee with respect to audit
missions related to its areas of intervention;
•
reviewing Danone's social policies, their objectives and the
results obtained;
•
reviewing the reporting, evaluation and control systems to enable
Danone to produce reliable non-financial information;
•
reviewing all non-financial information published by Danone, in
particular concerning social and environmental matters;
•
annually reviewing the summary of the ratings given to the
Company and its subsidiaries by non-financial rating agencies;
•
ensuring the application of the ethical rules adopted by Danone;
•
being regularly informed of complaints received in connection
with the employee whistleblowing procedure which concern
ethical, social or environmental issues and reviewing those
related to its mission, in conjunction with the work carried out
by the Audit Committee;
•
regularly reviewing the results of Danone's self-assessments
under the Danone Way program.
In addition, in the area of socially responsible investments, the
Committee is responsible for:
•
evaluating the impact of these investments for Danone;
•
reviewing the application of the rules established by Danone
concerning social investments and programs in areas related
to Danone's activities;
•
ensuring that the Company's interests are protected, with partic-
ular focus on preventing any conflicts of interest between these
investments and the rest of Danone's activities.
The Committee's role is also to prepare and inform the Board's
work with regard to investments and action programs with a social
purpose led by Danone or in which it participates.
Main amendments/changes
The Social Responsibility Committee's rules of procedure are regularly
updated. The main updates involved changes in the performance
and exact scope of its responsibilities, particularly in relation to the
Audit Committee (more specifically, regarding Danone's risk review
and non-financial communications).
Work
In 2015, the Social Responsibility Committee met four times (as
in 2014). Its members' attendance rate, expressed by their rate of
participation at these meetings, was 100% (100% in 2014).
In 2015 and in early 2016, the Committee's work focused on:
•
reviewing Danone's ongoing social projects and, more specifi-
cally, the activity and budgets of the funds sponsored by Danone,
including:
• Danone's investment in the new Livelihoods fund: Livelihoods
Fund for Family Farming;
• a review of the Danone Ecosystem Fund, including an initial
assessment at the end of a five-year period, particularly as
regards the nature of the projects supported by the Fund, the
co-funding of these projects, the social impacts and prepa-
ration for the project exit phase;
• the amount paid by the Company for its annual financial
contribution to danone.communities and new investments
made by the danone.communities professional specialized
investment fund (“FPS”);
•
reviewing the focus areas of the Danone 2020 transformation
plan, including the strategic priorities, the timetable and the
status of the work carried out;
•
reviewing the non-financial information published by Danone
(sustainable development report and steps toward integrated
reporting);
•
defining its role and work organization, particularly within the
framework of the Danone 2020 plan;
•
reviewing Danone's policy concerning work and pay equality for
men and women;
•
reviewingDanone's newpolicy and objectives in the area of climate;
•
reviewing the proposed partnership with B-Corp.
A report on each Social Responsibility Committee meeting is made
at the next Board of Directors' meeting. These reports enable the
Board to stay fully informed, thereby facilitating its decisions.