2007 Interactive Registration Document - Renault

03 RENAULT,
SUSTAINABLE DEVELOPMENT
A RESPONSIBLE COMPANY
3.5 RENAULT, A RESPONSIBLE COMPANY
Extra-financial rating agencies and specialized departments of financial
institutions assess companies on their commitments, policies and performance
in terms of labor relations, environmental protection and corporate governance,
using analytical and scoring techniques. These evaluations are designed to
meet demand from socially responsible investors, who use them to select the
companies in their portfolios 11 .
Methods vary from agency to agency. Some agencies are specialized by
investment region (Europe, World, OECD, etc.) or asset class (large caps, small
caps), have a sector focus, or base their analyses on a basket of weighted
criteria, which can vary signifi cantly depending on their targets.
3.5.1 RENAULT’S RATINGS IN 2007
SAM (SUSTAINABLE ASSET MANAGEMENT)
SAM is an independent Asset Management company founded in 1995 and
based in Switzerland. It specializes in setting up investment strategies based
on economic, environmental and social criteria, analyzed in terms of long-term
value creation.
In 1999, together with Dow Jones & Company, SAM launched the Dow
Jones Sustainability World Index (DJSI World), a global index based on extrafi
nancial criteria. The DJSI is comprised of 300 leading companies in terms
of social responsibility as assessed by SAM, from among the 2,500 largest
companies in the Dow Jones World Index. A European index was launched in
October 2001, the Dow Jones Sustainability STOXX Index, containing 20% of
the 600 companies in the Dow Jones STOXX SM 600 Index.
Each year, SAM analyses the companies covered by the two indexes. The results
are used to determine the component stocks.
Ratings in 2007: For the second year running, Renault was included in the Dow
Jones Sustainability World Index and the Dow Jones STOXX Sustainability Index,
both highly regarded indexes in the fi nancial markets. The Group achieved
higher ratings than in 2006.
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Some of these rating agencies, usually working in partnership with providers of
equity indexes, have developed specifi c indexes of the highest-rated companies
for labor relations, environmental protection and corporate governance.
In 2007 Renault’s performance received excellent ratings from the key extrafi
nancial ratings agencies.
RENAULT’S
SCORE
LOWEST
SCORE DJSI
STOXX
INDUSTRY
AVERAGE (2)
TOTAL SCORE (1) 80 80 62
Economic dimension 75 75 56
Environmental dimension 93 89 73
Social dimension 73 72 58
(1) Score out of 100.
(2) Automobile industry.
N ext SAM review: September 2008.
At the start of the year, SAM presented the “Sustainability Yearbook 2008”.
This document is the world’s most comprehensive publication on sustainability
and the related challenges and opportunities for companies.
The Yearbook ranks the best levels of performance by sector, based on the DJSI
World index, in three categories: Bronze, Silver and Gold.
In 2008, Renault received Gold Class status.
More information on: www.sam-group.com/yearbook
(11 ) Socially responsible investments (SRI) are based on both the financial performance of the stocks tracked and factors such as the company’s attitude towards its economic, environmental, economic
and social environment.
124 Registration Document Renault 2007
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