Uphold the highest governance, ethics, environmental and operational management standards 

Wendel has made important commitments to ensure that its internal operations are conducted according to its values and the ESG goals defined within the portfolio companies.

First and foremost, Wendel ensures that integrity and transparency characterize everything the Group does. As a professional shareholder and a public company, Wendel promotes exemplary governance and risk management. At Wendel's level, this aim is primarily reflected in a solid governance structure comprised of two distinct bodies, built upon clear rules and open dialogue.

Wendel’s Code of Ethics is also central to this commitment. It embodies the values of the Company’s employees and shareholders, supplies the frame of reference for Wendel’s role as an investor and formalizes its strong commitment to human rights. Faced with the reality of current pressing environmental and social challenges, Wendel is also committed to positively impacting society, whether through its own supply chain and operations.

Foster employability, inclusion, wellbeing, and engagement through concrete actions

Wendel’s people are essential assets and are key to its success. Therefore, Wendel is hereby committing to enhancing their employability by investing in their development and training. The Company strives to make Wendel a stimulating workplace by promoting inclusion and wellbeing. It also works to have a positive impact on its communities and to foster community engagement for its employees through tangible and meaningful initiatives.

Uphold the highest governance, ethics, environmental and operational management standards

Governance & Ethics
Commitment

Ensure that Wendel employees have the best tools and culture to work in an ethical manner by providing annual training and by supporting the deployment of robust compliance programs

2023 Goals
2020 indicators

100% of new employees sign Wendel’s Code of Ethics upon arrival

100%

100% of employees signed Wendel’s Code of Ethics during the year

Created in 2020

100% of employees follow a Wendel annual Business Ethics training course

73%

Review and strengthen the Code of Ethics annually at Executive Board level to ensure that compliance with the highest standards

No

Ensure that the robustness of the Anti-Corruption Program receives a satisfactory audit assessment annually

Yes
Environment
Commitment

Minimize Wendel’s direct environmental impact and carbon footprint by making eco-efficiency a priority in decision-making factor

2023 Goals

Conduct an annual carbon footprint assessment and reduce Wendel’s carbon footprint by:

  • supplying 100% renewable energy to Wendel offices globally;
  • offsetting all greenhouse gas (GHG) emissions that cannot either be avoided or further reduced;
  • offsetting travel-related carbon emissions
192 tCO2eq per employee

Promote circular solutions and minimize office waste going to landfill

Created in 2020

Deploy a plan to reduce the use of paper across all offices

Created in 2020
Social and environment
Commitment

Carefully select and collaborate with suppliers to ensure that they adhere to the Wendel ESG standards

2023 Goals

Deploy a Responsible Procurement approach

Created in 2020

Foster employability, inclusion, wellbeing, and engagement through concrete actions

Governance
Commitment

Nurture diversity and inclusion to expand the teams’ perspectives and skills range

2023 Goals

Add ESG as a key mission of Wendel Supervisory Board and Wendel Governance and Sustainability Committee

2 meetings dealing with ESG related matters in 2019

Maintain or achieve gender balance, defined as maintaining a percentage of females within the workforce of between 30 and 60%:

  • Among all Wendel employees
52%
  • Among employees in management positions
21%
  • Among Executive Board and/or Investment Committee and/or Management Committee and/or Coordination Committee
43%
  • At Supervisory Board level
45%

Professional equality between men and women Index results

47/100

Sign France Invest Diversity charter

Yes

Initiatives to spark conversations and inspire change

1

Hold annual equal opportunity reviews

  • Wage gaps between men and women reviewed during the year by Wendel's Governance bodies
Yes
Social
Commitment

Equip the teams with lasting professional skills by providing all Wendel employees with a personalized career development plan and professional mentorship

2023 Goals

100% of employees have formalized a skills development plan

Created in 2020

100% of employees are offered the possibility to benefit from at least 8 hours per year of non-regulatory training, in alignment with their career development plan objectives

46%

100% of employees benefit from regulatory trainings to acquire general or technical skills necessary for their performance at Wendel

Created in 2020
Commitment

Promote wellbeing to enable employees to reach their full potential

2023 Goals

Formalize and deploy employee wellbeing at work action plans

2 wellbeing initiatives
Social and environment
Commitment

Enable the teams to contribute to causes aligned with Wendel’s values

2023 Goals

Offer the opportunity to contribute one day per employee per year to non-profit organizations operating in communities where Wendel is present

Created in 2020

Establish long-term partnerships with at least two organizations

3 partnerships formalised