The world’s third largest container shipping company, CMA CGM and all its subsidiaries operate their businesses in a responsible, transparent and ethical way in accordance with clearly stated values. The Group also has in place a rigorous policy regarding safety, security and defense of the environment which is governed by international and national regulations. Today, we will focus on what Corporate Social responsibility means, and how the Group was rewarded for its commitment in this domain.
What is Corporate Social Responsibility or CSR?
Corporate Social Responsibility (CSR) is not simply a formula by which companies can exonerate themselves from these constraints at the lowest cost, rather it has become a primordial factor in commercial and industrial relations, a supplier-sourcing criterion on a par with quality of service and competitiveness.
While the environment may have the highest profile, Corporate Social Responsibility integrates many aspects including ethics, labor relations, professional relationships, supplier management, risk management, etc. In all these areas, our customers and partners expect us to perform and produce results. They are no longer satisfied by declarations of intent but demand that these results be assessed by independent bodies, based on objective and quantifiable criteria.
A priority for the Group, recently rewarded
Recently, the Group’s performance in this area was awarded the ‘Silver Recognition Level’ by EcoVadis, an agency specialized in corporate, social and environmental responsibility.
It is the first collaborative platform of its kind and is used by companies to evaluate the performances of their suppliers based on four criteria: environment, social and societal, business ethics and supplier relations. In practice, this level indicates that the Group adheres to a structured and proactive approach to Corporate Responsibility; that policies are in place focusing on the key issues; and that there is a reporting system, with performance indicators producing tangible results, so that corrective actions can be taken if necessary.