During the year 2020, I presented the concept of CSR, its objectives, advantages and disadvantages. In 2021, I will talk about other fields of application of CSR, such as extra-financial performance.
To put it simply, extra-financial performance is performance that is not financial. It is called environmental and social performance. It aims to encourage companies to develop and publish their social, environmental and governance (management) information. Also and above all, to encourage these companies, citizens, responsible, to communicate on said information. Since September 2017 (in France), it replaces the famous CSR Report, now known as: Extra-Financial Performance Statement (EFR).
The EFRP highlights both the social and environmental issues related to the company’s activity and the policies implemented to manage the risks inherent in its activities. The EPR is a direct result of the concept of Corporate Social Responsibility (CSR).
