To promote patient capitalism

Promouvoir un capitalisme patient

“Patient capitalism” means to give time to the value. And value to the time… In our cooperative model, finance is not the ultimate purpose. We are managing VIVESCIA’s performance in a true long-term outlook and sustainable development. At the heart of this model: our governance that relies on the involvement of the member-farmers and exchange of views from all stakeholders.

Our challenges

  • Governance and management of social responsibility
  • Profitability and sharing of the added value
  • Ethics and best conduct
  • Inclusion of stakeholders expectations

In 2015-2016

394 elected farmers involved in the cooperative governance15,000 members & customers, farmers and winegrowers5,000 individual investors (employees and farmers) in VIVESCIA Industries (Bonds and shares)Over €8.7M of dividends to members

Sustainable growth and distribution of added value

Beyond VIVESCIA’s contribution to the economic dynamism of the North-East quarter of France, our objective is to ensure that our members benefit from our growth and to secure a substantial financial return to all institutional, financial and individual shareholders of VIVESCIA Industries.

VIVESCIA Industries share reaches its highest level ever: €32.29€0.50 Dividend per share paid in November 2016Paid dividend 2010-2015 (in €)

CSR management: a global and driven approach

Our CSR approach is integrated into and is shaping the VIVESCIA strategy across all the companies of the Group. our major challenges were identified then prioritised in 2015 as part of the EY materiality assessment.

As our activities are very diverse, each company of the Group is progressively implementing the CSR approach as to respond to its own specific priorities. A CSR representative puts into action and manages the Group’s policies in each company.
 

Code of Conduct: everyday ethics

The Group’s values are embodied in practice. Our Code of Conduct, published in 2016, sets out the ethical rules applicable to all relations within the Group and with external stakeholders.

  • This guide is resolutely practical. Named "Code of Conduct, everyday ethics", it was prepared by the VIVESCIA teams and is presented in a Q&A format: a user-friendly system that provides guidance to everyone in practice. Pragmatic examples illustrate the various topics: procurement rules, usage of Group’s resources, warning in case of conflicts of interests, confidentiality…
  • An e-learning programme was designed to create a sense of ownership of the challenges and ethical rules. in 45 minutes, the employees can learn all about ethics, ask questions and practice their knowledge and understanding with interactive examples and a quiz.
Presentation of our Code of Conduct – Régis Merand