Double Materiality Assessment completed Double Materiality Assessment carried out in 2023 with stakeholder engagement across employees, clients, and investors in US, UK, France, and India. Identified 20 key topics including three climate-related.
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Primary: Office footprint optimisation and premises consolidation Publicis is actively consolidating agencies onto fewer sites in its main countries, vacating leased space to improve utilisation. This resulted in euro 147 million in impairment losses on right-of-use assets in 2023 (euro 110m net of tax). The programme reduces the Group's occupied real estate footprint, which is the primary driver of Scope 1 and 2 energy-related emissions for an asset-light marketing group.
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Publicis Health LLC opioid settlement: $350m gross Publicis Health LLC reached an agreement-in-principle in December 2023 to settle all US states' opioid-related claims for $350m gross ($220m net after $130m insurance reimbursement). Net non-current expense: euro 203m before tax.
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Renewable energy integration included in executive incentive KPIs The LTIP 2023 plans include a CSR condition assessing the percentage change in integration of renewable energies in the Group, measured at end of 2023 and 2025 for different plan tranches, against targets set.
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Dependent: Climate Fund for Nature – voluntary carbon credit commitment Publicis Groupe has committed euro 20 million to the Climate Fund for Nature (Mirova/Natixis), supporting projects dedicated to protection and restoration of nature with associated biodiversity and community benefits. This delivers voluntary carbon credits over a fifteen-year period, representing the Group's most explicit commitment to nature-based solutions in this filing.
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Acquisition of Practia (digital transformation, LatAm) In April 2023, Publicis fully acquired Practia, a technology group providing digital transformation services. Offices in Argentina, Chile, Mexico, Peru, Brazil, Colombia, Spain. Consideration transferred: euro 143 million.
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Joined Climate Fund for Nature (Mirova/Natixis) – euro 20m commitment Publicis Groupe has joined the Climate Fund for Nature (Mirova/Natixis). The fund supports projects for the protection and restoration of nature with associated benefits for biodiversity. Commitment: euro 20 million for voluntary carbon credits over fifteen years.
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Renewable energy integration as executive KPI in LTIP plans Publicis Groupe includes the percentage change in integration of renewable energies in the Group as a CSR condition under its 2023 LTIP and Sapient/Epsilon plans. The renewable energy metric is assessed at end-2023 and end-2025 against targets set, linking management compensation directly to renewable energy progress. No explicit RE100, PPAs or renewable electricity percentage targets are disclosed in this consolidated financial statement document.
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Acquisition of Corra (e-commerce, Adobe Commerce) In June 2023, Publicis fully acquired Corra, an e-commerce entity specialising in business solutions, particularly Adobe Commerce. Consideration transferred: euro 127 million.
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