2005 ANNUAL REPORT - Renault

What Renault stands for
Sustainable development – a cornerstone of strategy
Renault believes that ethics
and efficiency converge
over time. Which is why
sustainable development
is a central component
of our strategy
for profitable growth.
Purchasing working groups
play an important role in involving
suppliers in sustainable
development policies.
The Group is committed to ethical standards set out
in a Code of Good Conduct that covers essential priorities
including personal safety, protection of company assets,
compliance with the law and environmental standards,
circulation of information, use of company funds,
participation in community life and conflicts of interest.
An Ethics and Compliance Committee oversees
implementation.
The aim is to consolidate and promote commitment
to freedom, fairness, transparency and loyalty – values
essential to cohesion and performance, now and in the
future.
Renault signed the Declaration of Employees'
Fundamental Rights with the International Metalworkers'
Federation and other union representatives. The Declaration
applies to all Group employees in all parts of the world,
including those at Dacia and Renault Samsung Motors.
Renault has a Sustainable Development Committee
charged with defining policy directions, developing new
ideas and planning targeted action in cooperation
with global functions as well as suppliers. Following
the same approach, in 2005 Renault conducted
an evaluation of all subcontractors, opening the way
for new progress, and defined methods to help buyers
and quality control personnel assess suppliers'
manufacturing sites. Similarly, purchasing working
groups have offered proposals for concrete initiatives
in areas ranging from emissions and road safety
to recycling, renewable resources and human
and employee rights. Renault works only with suppliers
who have undertaken to not use child labor or forced
labor and to take necessary action for the prevention
of workplace hazards.
68
2005 Renault Annual Report