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2009 Reference document - Solvay

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3 Sustainable<br />

32<br />

Responsibilities and Sustainable Development<br />

Development Policy<br />

The Rhodia Group considers its long-term approach to sustainable<br />

development and awareness of the social and environmental<br />

consequences of its activities fundamental. This approach is<br />

described below.<br />

<strong>Reference</strong> Document Rhodia <strong>2009</strong><br />

The individual activity of the listed company Rhodia S.A. as a financial<br />

holding company (directly or indirectly holding all of the equity<br />

interests forming the Rhodia Group) is not likely to result in any<br />

notable social or environmental consequences. It does not engage<br />

directly in any operational or industrial activities.<br />

3.1 Sustainable Development Policy<br />

The overall performance of a company is the combined result of its<br />

technical, organizational, and commercial successes and its ability to<br />

assume social and environmental responsibility. This understanding<br />

guides the Group’s approach to Sustainable Development.<br />

Undertaken in 2000, as the continuation of the health, safety<br />

and environmental policy initiated more than 20 years earlier and<br />

endowed with a dedicated department since 2003, the Group’s<br />

approach to Sustainable Development is now one of the pillars of<br />

Rhodia’s identity.<br />

This approach is based on the Rhodia Way ® , the framework of<br />

reference for Rhodia’s responsibility, geared toward stakeholders<br />

(customers, employees, suppliers, investors, the environment and<br />

communities). Its implementation, which began in 2007, marks a<br />

major step in the Group’s commitment to Sustainable Development.<br />

This tool allows the managers of the different Departments<br />

and Enterprises to perform their own evaluation of their entity’s<br />

performance in terms of social and environmental responsibility,<br />

identify limitations and define the improvements to be made in a<br />

spirit of continual progress.<br />

Incorporated into the managerial process, the Rhodia Way ®<br />

framework seeks to raise the general level of responsibility for the<br />

Group’s practices through a dialogue involving all personnel to the<br />

greatest extent possible and including the external stakeholders<br />

concerned whenever necessary.<br />

The third self-evaluation cycle conducted in <strong>2009</strong> involved 100% of<br />

the Group’s target entities (industrial sites, business units, research<br />

centers and the departments of Purchasing, Finance, Legal and<br />

Public Affairs), representing 94% of the staff. Each entity determined<br />

its responsibility profile and defined a progress plan. The progress<br />

made with respect to these plans will be analyzed during the next<br />

evaluation scheduled for December 2010.<br />

Furthermore, for <strong>2009</strong>, the Group had PricewaterhouseCoopers<br />

review its Responsible Care ® (RC) reporting, as it did in 2008.<br />

Since the Responsible Care ® information reporting system is<br />

well-developed within the Group and its internal control system<br />

is well-structured (DRC 06), the level of verification requested of<br />

PricewaterhouseCoopers by the Group is moderate assurance on<br />

data (see Chapter 3.5 of this <strong>Reference</strong> Document).<br />

3.1.1 EXTERNAL AGREEMENTS EXPRESSING RHODIA’S COMMITMENT<br />

The commitments made by Rhodia with external partners are<br />

intended to strengthen and focus the Group’s progress objectives.<br />

These voluntary commitments go beyond simple statements of<br />

intent and are accompanied by measurements of the progress made.

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