Page 18 - GB-RI-PierreFabre-Complet-INTERACTIF

16 INTEGRATED ANNUAL REPORT 2021 - PIERRE FABRE Challenges & risks The Group identifies, analyzes and prioritizes its main CSR challenges using a materiality matrix that was updated in 2019. Using this methodology, we have produced a list of 21 key CSR challenges, approved by a committee made up of Executive Committee members, the director of Green Mission Pierre Fabre, the CSR Director, the Group’s Risk Management Director, and the Director of Corporate Communications. These challenges were then evaluated by about 20 internal stakeholders representing the company’s different departments in terms of their impact in four areas: regulatory compliance, financial health, business continuity, and image and reputation. In this way, 11 major CSR risks for the company were identified. Governance and Ethics Health/ Beauty innovation Knowledge and nature conservation Environment and Industrial footprint Human capital Regions and society Reputation and confidence MATERIALITY MATRIX Accessibility to drugs or dermo- cosmetic products Innovation, R&D Environmental damage and health of residents Ecodesign, pollution reduction and resource preservation Compliance and ethics Product safety Loss of consumer confidence Nature conservation and protection Management o f talents and skills Regional economic and social development Responsible purchasing Equity, diversity, equal opportunities Climate change Community involvement Nature as a source of innovation Governance and mission Fundamental rights: human rights and environmental law Health & Safety of employees Advertising and attention to high-risk behaviors Biopiracy Data protection Impact on Pierre Fabre's overall performance Importance to external stakeholders