(Reuters) – Korian announced on Wednesday its intention to adopt the statute of a European company with a mission, amid criticism leveled at the methods of operators of retirement homes in France after the publication in January of a book about its competitor Orpea.
This legal framework obliges companies to align their social and environmental objectives with their business model.
The publication in January of the book “Les Fossoyeurs” by journalist Victor Castanet, reporting on the ill-treatment inflicted on residents of Ehpad at Orpea, led the French government to launch investigations into this group, whose general manager has been sacked.
It also brought down the share price of Orpea, which dragged Korian into the storm.
“For the moment, we cannot say that there is a clearly identified impact on the evolution of the French activity in terms of the group’s retirement homes”, declared Philippe Garin, financial director of Korian, on Wednesday. to journalists.
Korian’s revenue amounted to 4.31 billion euros in 2021, up 11.3%, a result in line with its objectives.
The Mirova fund, a shareholder of Orpea, also asked this group in early February to become a “mission-based company” and to appoint more independent directors.
(Report Federica Mileo, Diana Mandia, French version Lou Phily, edited by Bertrand Boucey)
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