Since 2004, listed companies are required by
law to publish both information on the impact
of their activity on the environment and employee-related
information in their annual reports. These two
sections make up what is commonly known as the
"sustainable development report." Compagnie
des Alpes has adapted its procedure for gathering
and processing this information accordingly. For
the first time, it has included an environmental
section in its report on the 2004 fiscal year.