Chapter 2: A New Vision of the Company

Question 1

European Vision and Length

Answer 1

create value and distribute it amongst stakeholders. Long Term Vision

Question 2

Anglo-Saxon Vision and Length

Answer 2

Maximize the creation of shareholder value, short term vision.

Question 3

Anglo-Saxon Company Logic

Answer 3

Corporate Responsibility to capture gains and costs passed to society

Question 4

Latin Countries Company Logic

Answer 4

State is guarantor of general interest

Question 5

Until this law, French regulation considered corporate social responsibility more as a regulatory framework

Answer 5

Pacte Law

Question 6

Notat-Senard Report

Answer 6

Appearance of the notion of company’s raison d’être

Question 7

What did the Notat-Senard Report lead to

Answer 7

Pacte Law

Question 8

Pacte Law 2019

Answer 8

raison d’être can be aimed at financial performance but cannot be limited to that

Question 9

raison d’être

Answer 9

guide determining company strategic orientation and actions flowing from them

Question 10

Before Pacte Act:
Company interests

Answer 10

interests of the associate and shareholder

Question 11

After Pacte Act:
Company interests

Answer 11

Company management is taking in consideration social and environmental issues within its activity

Question 12

Pacte Act, 3 important regulation aspects

Answer 12

1. Imposed Standard
2. Legal Constraint
3. Logic of incitation and empowerment

Question 13

Company definition focus switch after Pacte Act

Answer 13

Ownership Object -> Social and Economic Project

Question 14

Sustainability Through Pacte Act (4)

Answer 14

1. Raison d’être (Social and Environmental)
2. Operational Implementation: Objectives, action plans, and indicators
3. Structurization of the Government: mission committee, corporate business model
4. Organization of the Information Audit:

Question 15

Classical Company CSR Equation

Answer 15

Corporate Purpose + Citizenship Issues = CSR Area of development

Question 16

Mission-Driven Company CSR Equation

Answer 16

Raison d’être + Statutory Objectives = CSR, Core Mission

Question 17

CS3D

Answer 17

Corporate Sustainability Due Diligence Directive

Question 18

What does the CS3D Do?

Answer 18

Companies required to identify, prevent, and mitigate impacts within their value chain. Sustainable and responsible corporate behaviour

Question 19

CS3D Objectives (5)

Answer 19

1. Legal obligation of companies to implement due diligence
2. prevent and stop negative impacts on human rights & environment impact
3. apply to value chain
4. EU / Non EU legislation alignment
5. Adopt climate change

Question 20

CS3D Current End Timeline Goal (3)

Answer 20

• Companies in EU with 1000 Employees and EUR 450+ million global net turnover
• Non-EU Companies with EUR 450+ million net turnover in EU
• Franchised Listed companies EU and non-Eu-

Question 21

CS3D Current Timeline Goal
2027
2028
2029

Answer 21

2027: 5000+ employees, 1500 million turnover
2028: 3000+ employees, 900 million turnover
2029: 1000+ employees, 450 million turnover

Question 22

CS3D Benefits for Companies (4)

Answer 22

• Business Resilience against climate risks
• Enjoy stronger brand performance
• Cost Savings
• Avoiding costly litigation and non-compliance penalties

Question 23

Nature Restoration Law Objectives (4)

Answer 23

1. Restore EU biodiversity and stop further biodiversity loss
2. Reach climate neutrality by 2050
3. Adapt climate change
4. Enhance food security