For 170 years we have been creating value for our full ecosystem of stakeholders, from employee shareholders to eyecare professionals to the millions of people who wear our lenses. It’s because our business serves an essential mission – improving lives by improving sight.
OUR MISSION AT THE HEART
OF OUR SUSTAINABILITY APPROACH
Providing everyone, everywhere, with access to quality vision care is Essilor’s biggest challenge in terms of sustainable development. With that challenge comes the responsibility to ensure we pay careful consideration to our social, societal and environmental impacts on different stakeholders.
Whether it is ensuring the wellbeing and development of our employees, innovating to reduce our environmental footprint or engaging in dialogue with our many stakeholders to uphold ethical business dealings, we fundamentally seek to support the long-term sustainable growth that enables us to fulfill our mission.
For a full report on the Group’s corporate sustainability, explore our dedicated chapter 4 in EssilorLuxottica 2018 Registration Document.
ORGANIZED TO DELIVER
SUSTAINABLE AND RESPONSIBLE GROWTH
A technological pioneer, Essilor is also an innovator in its governance which is a true reflection of a strong corporate culture characterized by diversity, balance and openness. Essilor’s employees are its largest single group of shareholders: 68% of Essilor employees are shareholders and more than 10,000 employee shareholders are members of the Valoptec Association.
Essilor was the first company in the French CAC 40 to incorporate a corporate social responsibility committee within its Board of Directors’ Committees. Chaired by an Independent Director, the CSR Committee comprises three members including the Chairman and CEO. Its main role is to review the sustainable development strategic roadmap, evaluate the direct and indirect economic and societal impacts of the Essilor Mission activities and review the Group’s reports regarding its CSR activities.
The Sustainable Development department is regularly consulted by the CSR Committee. It coordinates a global steering committee that brings together the Group’s major functional departments and geographic divisions and provides expertise relating to the analysis and implementation of actions plans seeking to support the group’s sustainable growth.
OUR MATERIAL ISSUES
Essilor uses its materiality assessment to anticipate the requirements, risks and opportunities connected with sustainable development. The Group has defined 20 priority areas which form the basis of the Group’s sustainable development strategy and are regularly updated in line with trends in stakeholder expectations and the criticality of the challenges.
In 2016, Essilor assessed the contribution of its Mission, social, environmental and societal initiatives to the United Nations 2030 Sustainable Development Agenda. What we learned validated the key topics we identified in our sustainability approach and our roadmap. It also highlighted the Group’s major positive social impact to many of the UN Sustainable Development Goals. At Essilor, we believe that business has a significant role to play in solving the increasingly global and interconnected challenges to ending poverty, protecting the planet and ensuring prosperity for all.
Find out more in our Sustainable Development Goals (SDGs) Contribution Report.
In 2018, Essilor was listed on the following non-financial indices: DJSI World & Europe, MSCI World ESG & World Low Carbon Leader, FTSE4Good, STOXX Global ESG Leaders, Euronext Vigeo Europe 120, ECPI indices, and Ethibel Excellence & Pioneer.
Essilor also participates voluntarily in CDP (formerly Carbon Disclosure Project), an international, independent non-profit organization that assesses companies’ efforts to measure and reduce their greenhouse gas emissions and water footprint. In 2018, the CDP recognized the continuous progress Essilor has been making in these areas, awarding it an A- (leadership) rating for its response to both climate change and water management.
Essilor been selected by the Dow Jones Sustainability Index among the world’s best performing companies in terms of sustainable development or the 3rd consecutive year in 2018. Furthermore, Essilor was named among the world’s 100 most innovative companies for 8 years consecutive by Forbes Magazine*.
*The Forbes’ Most Innovative Companies ranking was discontinued in 2019.