The VINCI Group has carried out work to identify its impacts, risks and opportunities (IROs) relating to its governance issues as part of its double materiality assessment. The methodology applied is presented in section 1, “General information”, page 187. The main IROs of the four material issues identified by the Group in conducting this assessment are detailed in the table below.
| Material impacts, risks and opportunities | Business lines concerned | Position in the value chain and on the time horizon | Stakeholders concerned |
|---|---|---|---|
| Corporate culture and business conduct policy | |||
|
Opportunities
Risk Damage to the Group’s image if there is no commitment on the part of executive leadership to promote an ethical culture that incorporates compliance standards by developing a code of conduct, internal management rules, transparency, etc. |
Opportunities
Risk Damage to the Group’s image if there is no commitment on the part of executive leadership to promote an ethical culture that incorporates compliance standards by developing a code of conduct, internal management rules, transparency, etc. Business lines concerned All |
Opportunities
Risk Damage to the Group’s image if there is no commitment on the part of executive leadership to promote an ethical culture that incorporates compliance standards by developing a code of conduct, internal management rules, transparency, etc. Position in the value chain and on the time horizon
|
Opportunities
Risk Damage to the Group’s image if there is no commitment on the part of executive leadership to promote an ethical culture that incorporates compliance standards by developing a code of conduct, internal management rules, transparency, etc. Stakeholders concerned
|
| Whistleblower protection | |||
|
Opportunity Strengthening stakeholder and employee confidence in the Group’s commitment to detecting and dealing with any violations of law, the Code of Ethics or the Anti-corruption Code of Conduct Risk Non-detection and failure to deal with potential cases of non-compliance reported through internal reporting systems, which could expose the Group to sanctions and a loss in stakeholder confidence. Negative impact Bullying, pressure and unjustified dismissals due to lack of whistleblower protection |
Opportunity Strengthening stakeholder and employee confidence in the Group’s commitment to detecting and dealing with any violations of law, the Code of Ethics or the Anti-corruption Code of Conduct Risk Non-detection and failure to deal with potential cases of non-compliance reported through internal reporting systems, which could expose the Group to sanctions and a loss in stakeholder confidence. Negative impact Bullying, pressure and unjustified dismissals due to lack of whistleblower protection Business lines concerned All |
Opportunity Strengthening stakeholder and employee confidence in the Group’s commitment to detecting and dealing with any violations of law, the Code of Ethics or the Anti-corruption Code of Conduct Risk Non-detection and failure to deal with potential cases of non-compliance reported through internal reporting systems, which could expose the Group to sanctions and a loss in stakeholder confidence. Negative impact Bullying, pressure and unjustified dismissals due to lack of whistleblower protection Position in the value chain and on the time horizon
|
Opportunity Strengthening stakeholder and employee confidence in the Group’s commitment to detecting and dealing with any violations of law, the Code of Ethics or the Anti-corruption Code of Conduct Risk Non-detection and failure to deal with potential cases of non-compliance reported through internal reporting systems, which could expose the Group to sanctions and a loss in stakeholder confidence. Negative impact Bullying, pressure and unjustified dismissals due to lack of whistleblower protection Stakeholders concerned
|
| Supplier relations | |||
|
Opportunity Strengthening trust across the Group’s value chain, particularly among suppliers, subcontractors and service providers Risk Increased operational risks, delays and impaired productivity in Group operations, loss in quality and limited choice of partners Negative impact Adverse effect on the financial position of suppliers due to non-compliance with terms of payment |
Opportunity Strengthening trust across the Group’s value chain, particularly among suppliers, subcontractors and service providers Risk Increased operational risks, delays and impaired productivity in Group operations, loss in quality and limited choice of partners Negative impact Adverse effect on the financial position of suppliers due to non-compliance with terms of payment Business lines concerned All |
Opportunity Strengthening trust across the Group’s value chain, particularly among suppliers, subcontractors and service providers Risk Increased operational risks, delays and impaired productivity in Group operations, loss in quality and limited choice of partners Negative impact Adverse effect on the financial position of suppliers due to non-compliance with terms of payment Position in the value chain and on the time horizon
|
Opportunity Strengthening trust across the Group’s value chain, particularly among suppliers, subcontractors and service providers Risk Increased operational risks, delays and impaired productivity in Group operations, loss in quality and limited choice of partners Negative impact Adverse effect on the financial position of suppliers due to non-compliance with terms of payment Stakeholders concerned
|
| Prevention and detection of corruption and bribery | |||
|
Opportunities
Risk Non-compliance with laws, fines, sanctions, exclusion from public contracts Negative impact Job losses for employees of companies involved |
Opportunities
Risk Non-compliance with laws, fines, sanctions, exclusion from public contracts Negative impact Job losses for employees of companies involved Business lines concerned All |
Opportunities
Risk Non-compliance with laws, fines, sanctions, exclusion from public contracts Negative impact Job losses for employees of companies involved Position in the value chain and on the time horizon
|
Opportunities
Risk Non-compliance with laws, fines, sanctions, exclusion from public contracts Negative impact Job losses for employees of companies involved Stakeholders concerned
|
The Group is focused on development rooted in all-round performance, which encompasses environmental and social performance.
The VINCI Manifesto lays down the Group’s commitments to all-round performance expressed through values shared by all employees. This framework of values is detailed in five reference documents:
The Code of Ethics and Conduct, which is a direct extension of the Manifesto’s second commitment, lays down all the principles of business ethics that apply in all circumstances, in all countries where the Group operates, and to all companies and their employees. It explains the strong values that underpin the Group’s corporate culture and guides its employees’ actions. The Code of Ethics and Conduct is available in 30 languages, covering almost 100% of the Group’s employees.
VINCI’s Guide on Human Rights sets out the issues identified and their implications for Group companies. It also presents a shared set of guidelines, indicating the specific approaches to be adopted in respecting human rights. The Group’s guidelines refer to the principles of the Universal Declaration of Human Rights, the International Labour Organisation’s eight fundamental conventions and the OECD Guidelines for Multinational Enterprises. VINCI’s Guide on Human Rights is available in 24 languages, covering more than 98% of the Group’s employees.
