At Technicolor, Corporate Social Responsibility (CSR) is an embedded value managed at the highest level. All strategic orientations, initiatives and commitments relating to Sustainable Development are reviewed by the Board of Directors and its Governance & Social Responsibility Committee.
The CSR Department was created in 2007 and reports directly to the Executive Vice President in charge of People & Talent & CSR. This member of the Executive Committee of the Group defines Human Resources and CSR strategic priorities in-line with Technicolor’s Strategic Plan, and drives initiatives across the Group’s activities.
Within the Group, the CSR Department supervises CSR Processes in cooperation with the Company’s business divisions. CSR is backed by the Human Resources network, the Environment Health and Safety network, and the Sourcing network – and the responsible local members within each network located at Technicolor’s main sites.
Our approach to Sustainable Development and Corporate Social Responsibility is founded upon our values of commitment and responsibility towards the Company's stakeholders.
We strive to constantly challenge and improve established practices to guide us toward business success and to ensure that we act responsibly both on our own and as we establish and nurture partnerships with other stakeholders.
The following principles guide our actions as we seek to fulfill our social responsibilities:
Understand and take into account stakeholders’ sustainability expectations
Technicolor is committed to following responsible policies and practices in the management of:
- human rights,
- human resources,
- environmental, and
- health & safety interests.
These policies and practices extend throughout the Company and its supply chain, translating into integrity in business principles and practices, and an ongoing drive for carbon neutrality and efficient use of natural resources.
We encourage our suppliers and subcontractors to adopt our same sustainability values; we support our customers by developing improved generations of sustainable products and services; and we play an active role in communities where we do business by encouraging educational initiatives and local community relationships and programs.
We adhere to the principles of the United Nations Global Compact (UNGC) and the International Labor Organization (ILO); and we are a member of the Responsible Business Alliance (RBA) and have adopted its Code of conduct within our supply chain for electronic products.
Communicate CSR goals and initiatives to stakeholders
We pledge to deliver concrete, demonstrable proof of our social responsibility practices and achievements – and with these facts and figures stakeholders can analyze and compare our actions with those of similar organizations.
Since 2014, we have been following the GRI Standards for our Sustainability report. This report has been prepared in accordance with the GRI Standards: Comprehensive option.
More recently, as we evaluate how to integrate the United Nations Sustainable Development Goals (SDGs) in our CSR reporting, we have identified 7 priority Sustainable Development Goals, based on our CSR risks and materiality analysis.
Take the future into account in decision-making
We are committed to progressively integrate CSR data and criteria into business processes across the organization, to ensure that all decisions take CSR considerations into account – and that sustainability becomes part of how we do business.
As part of our commitment, we link product and service lifecycle impacts to their greater societal context, constantly striving to improve and bring benefit to all our stakeholders.
Our approach to sustainability relies on 3 pillars:
Attracting and developing a diverse talent pool of creative individuals
Creative industries require significant diversity of imagination, experience, culture, and profiles to stimulate innovative ideas and bring to visual life the ideas of storytellers and creative partners. Continuously developing the skills of talented creatives is also required to keep them state of the art;
Enabling sustainable content distribution
Content distribution requires energy consumption:
- Based on the raw materials used within and by manufacturing and distribution operations of physical media,
- Of products (set top boxes and modems) used for digital distribution, raw material during production and associated waste at end of life.
As video content performance and resolution increases regularly, innovation in electronic product design and in video technologies must support energy efficiency of the set top box. Physical distribution networks, logistic resources, volume of packaging, and recyclable waste, all must provide a reduction of the environmental footprint of physical media;
Ensuring a safe and healthy work environment throughout the supply chain
All our employees and those of our suppliers must be able to work freely in a safe, secure, and healthy environment; with decent wages and working hours; without discrimination and harassment. Our business requires significant flexibility from employees, but also recruitment of temporary employees to offset peak production periods while maintaining quality.
In a competitive labor market, long-term relationships and commitment from employees are key to the retention and satisfaction of our workforce, and a safe and healthy work environment is a driver.
For more information on Corporate Social Responsibility, please refer to our CSR Documentation section.
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