Caisse des Dépôts Group corporate social responsibility
Caisse des Dépôts Group’s corporate social responsibility directly refers to its inner identity and activities: the Institution and its subsidiaries are “a public group serving general interest and the economic development of the country”.
As a creator of sustainable solutions, it is constantly inventing new ways of supporting national and local public policies. It anticipates, innovates and adapts to tomorrow's challenges. Being a long-term investor distinguishes Caisse des Dépôts from other business entities.
Sustainable development concerns are in the heart of the Caisse des Dépôts’ strategy. Thus, it invests in such oriented plans on a national scale as to content a quest for which the marketplace alone can’t. Caisse des Dépôts supports a more maintainable development of France and the other countries in which it intervenes by being the first to promote climate change and biodiversity economy, to set up sustainable cities and by upholding a responsible investor and shareholder posture.
About the Group’s sustainable development external communication
Caisse des Dépôts begun reporting on its sustainable practices in 2001, and signed up for the United Nations’ Global Compact in 2004. It has also engaged in other global intiatives such as the United Nations’ Principles for Responsible Investment (for which it currently is an active signatory), or the WBCSD concerning energy efficiency.
It also sets out to inform stakeholders of its environmental and social impacts through its detailed reporting initiative. In that sense, a compatibility model with national and international guidelines (Article 225 from the Grenelle 2 Law, GRI, etc.) is offered to stakeholders to ease their cross-reading time (internet link below).
The Group’s subsidiaries are also improving their reporting process, in accordance with regulatory and stakeholders’ requirements. For such, they draw on the guidelines shared within the Group’s policy.
The Caisse des Dépôts Group’s sustainability conduct and communication in 2011
The Caisse des Dépôts Group’s sustainability conduct and communication in 2010
Caisse des Dépôts Group is “a public group serving general interest and the economic development of the country”.
Caisse des Dépôts’ governance rules were set by Law when it was founded in 1816 and are based on two fundamental principles: independence of the Supervisory Committee and autonomy of the Chairman and Chief Executive Officer. Caisse des Dépôts enjoys the protection and guarantee of the French Parliament, to whom it reports on a yearly basis. The institution guarantees that the activities of the Group as a whole are coherent and complimentary in order to meet the challenges of French society in an optimum manner. Sustainable development concerns are also at the heart of its strategy and represent a key focus across all Group businesses. Caisse des Dépôts works to ensure that both the Group’s strategy and executive compensation policies take ESG risks into account more effectively.
The Group’s Social Declaration affirms that “Caisse des Dépôts Group declares and upholds that as a socially responsible investor it supports and respects the fundamental Human Rights international principles in all of its activities and spheres of influence”.
Consequently, the respect of Human Rights and their promotion is scattered throughout many of the Group’s levels.
Caisse des Dépôts combines the forces of both the public and private sectors and its business model is unique in France. It manages a large number of projects throughout France and in over 80 countries and its human resources (HR) policy incorporates the Group’s diverse range of expertise. It takes a long-term development perspective with regard to the missions entrusted to it. What makes CDC different is its business environment which gives meaning to employees’ work and their sense of duty and exemplary conduct, providing them with the incentive to go that extra mile in the public interest.
Eco-districts anticipate the urban development of the future.
They combine environmental objectives (energy, water, biodiversity, waste), social diversity, and the promotion of more sustainable lifestyles and mobility.
They also contribute to the emergence of dynamic economic sectors (eco-industries and eco-services).
Fair operating practices
Caisse des Dépôts performs constant checks on the business practices of Group employees and entities in order to promote exemplary behaviour. Trust is key in Caisse des Dépôts’ business model and each Group entity has developed risk management procedures and codes of conduct to guide employees in their day-to-day dealings and prevent situations in which corruption, conflicts of interest or fraud may occur.
In some of its businesses, Caisse des Dépôts Group comes into direct contact with consumers. The Group’s different entities have developed their own consumer-specific approaches and they analyse the related risks and challenges based on:
- fair marketing, factual and unbiased information and fair contractual practices;
- consumer service and support;
- responsible conduct and sustainable consumption;
- consumer data protection and privacy;
- education and awareness.