IE 3.1. Total number of ESG incidents

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France Invest 2023 / ESG Reporting – IE 3.1. Total Number of ESG Incidents

IE 3.1 from the France Invest ESG reporting framework focuses on cataloging the ESG incidents that have marked the company during the year or reporting period. This includes any significant event having an impact on the environment, society, or the governance of the company.

1. How to answer this question ?

To respond to IE 3.1, it is imperative to compile all material or critical incidents that occurred during the concerned period. This includes any notable business interruptions, any interactions with regulatory authorities resulting in a significant fine, or any event that posed a risk to the company’s reputation. The total number of incidents should be tallied, and each incident must be documented with sufficient details to understand the context and repercussions.

2. Why is it important ?

Accurately declaring ESG incidents is crucial as it provides an overview of how the company manages risks related to its social and environmental responsibility. It also reflects the company’s commitment to operating transparently and responsibly, which is of paramount importance to investors, regulators, and other stakeholders.

3. Examples :

– Example A: “During the past year, our company had to manage a chemical spill that interrupted our operations for two days and resulted in a fine from the authorities. This incident has been accounted for in our annual total of ESG incidents.”

– Example B: “We had to recall a product batch following the discovery of a safety standard non-compliance, which caused a production interruption and impacted our reputation.”

Each reported incident in IE 3.1 should be considered in the development of future risk management strategies, demonstrating a company’s willingness for continuous improvement.

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