Integrated Annual Report FY23

Our D&I journey

Our D&I journey

Our D&I commitments gained fresh momentum during the year, with the launch of the Group’s global Diversity & Inclusion Framework.

This comprehensive new approach enables our affiliates to share a common D&I ambition and global objectives, while providing the necessary flexibility to respect local contexts and employee needs. Ultimately, all together we want our people to feel heard, valued and safe in order to thrive at Pernod Ricard.

Our global D&I framework

Diversity

at Pernod Ricard means the differences - whether visible or not -that make everyone unique, that constitute our collective strength.

Inclusion

is at the heart of conviviality - at Pernod Ricard it means being open and allowing our differences to connect us, and creating an environment that fosters this, in order to unlock the magic of human connection.

Global D&I objectives

Equitable talent processes

Fair and transparent talent processes (talent attraction, management, development) to ensure equal opportunities to attract and grow talent

Convivial culture

Culture and behaviours that create an inclusive, flexible and safe environment; where everyone feels they belong and inspired to perform their best

Innovation and growth

Supporting business growth and innovation through the inclusion of all perspectives and ideas

Enhanced reputation

Promote progress in our industry and society by leveraging our voice and platforms

Business performance

Structured and focused strategy and goals

The new framework further endorses our commitment to D&I by making it an essential part of our ways of being. It includes detailed KPIs to guide and measure our progress towards one global ambition supported by four priorities that translate directly into improved business performance. While the framework marks a significant step-change in our approach to D&I, it also builds on the excellent work that affiliates have already carried out to establish local D&I agendas and plans.

As part of the acceleration in our D&I journey, we’ve developed two additional initiatives to support this framework: a new Inclusion Index and a D&I Maturity Self-Assessment.

The Inclusion Index was incorporated into the latest I Say, our annual employee feedback survey, and has already provided valuable insight into how our D&I efforts are resonating with our teams.

Launched in December 2022 with an independent recognised provider, the D&I Maturity Self-Assessment gave affiliates a methodology to identify their current D&I Maturity levels , together with their strengths and areas of opportunity that could be used to enrich their local and global roadmaps and action plans.

With a 95% response rate, affiliates were able to access insights and resources to improve their D&I practices. Affiliates also have the opportunity to further leverage these insights through quarterly D&I consulting and best practice sharing sessions alongside other affiliates at similar levels of maturity.