Coface’s Post

📽️ Episode 4 - #ICareFor: our top management members have a message for you to mark the end of #PrideMonth... While in 2023, 70% of companies did not plan any action in favor of LGBTQ+ rights, Coface became a signatory of L'Autre Cercle charter, which aims to combat LGBT-phobia within the company. The Coface Group will continue to deliver numerous initiatives designed to promote a #diverse and #inclusive environment for its employees (equal pay, non-discrimination in terms of gender, disability, membership of the LGBTQ+ community, etc.). 👉 Find out more about our #commitments at https://lnkd.in/eRYd74WR

📢 Coface unveils its latest country and sector risks #Barometer! Turbulence ahead? Even though 2024 has got off to a better start than the previous two years, the first quarter has seen a slowdown in activity in the United States, and emerging countries acting as a relay for the global economy. At the same time, #economic, #political and #social risks persist throughout the world. As a result, Coface has modified its ratings for 5 countries (4 upgrades and 1 downgrade), and 26 sectors (20 upgrades and 6 downgrades), reflecting a favorable outlook in the short term only. 👉 Discover our country risk #assessment map and find all our analyses on https://lnkd.in/effZ22jc

💕 To celebrate #PrideMonth, our ‘I Care For’ campaign continues, and more and more employees are getting involved! Indeed, Coface wants to build an #inclusive company where everyone has their place. We believe that #diversity in the workplace is a driver of performance. Discover episode 3 of our campaign 🎞️🍿 And you, what do you care for? #ICareFor

Our RISE leadership programme has just ended for our first class! 👏 Accelerating managers’ #development and strengthening our #leadership culture were the main two objectives of #RISE. Participants from 18 countries embarked on an 8-month experience including a variety of development activities: self-awareness exercises, co-development in small groups guided by Turningpoint Leadership coaches and Coface HR, inspirational talks with top management and external guest speakers... "The aim is to develop key leadership behaviors that will benefit Coface as a whole, as these skills are put into practice. We want to roll out this programme over years, and build a solid community of leaders at various levels of the company" says Pierre Bévierre, Group HR Director. 👉To know more about Coface #career opportunities, visit https://lnkd.in/eEzqNECP

⛩️ Discover our latest #corporate payment survey in #Asia! We surveyed around 2,400 #companies across the Asia-Pacific region to gain insights into the evolution of #payment behaviour and #credit management practices. Here are the key points to remember: ➡️ Payment terms decreased to 64 days in 2023 from 66 in 2022. ➡️ Late payments were more frequent, but their average duration fell from 67 to 65 days. ➡️ Textiles and construction are the most affected sectors by these delays. ➡️ 56% of companies expect the economic outlook to improve in 2024 “The surveyed companies are concerned with about half of respondents citing slowing demand and over-competitive pressures as the two main risks to their company’s operations in 2024.” said Bernard Aw, Chief Economist Coface Asia Pacific. 👉 Find the full #survey on https://lnkd.in/e_HuC-zQ

🌈 And you, what do you care for? To celebrate #PrideMonth, we are pleased to announce the launch of the ‘I Care For’ campaign within Coface. This initiative aims to affirm our commitment to the #inclusion and support of LGBTQ+ people within our company and society in general. Indeed, we want to make Coface a workplace where every individual, regardless of their sexual orientation or gender identity, feels respected, valued, heard, and included. 👉 To know more about our #commitments, visit https://lnkd.in/eRYd74WR #ICareFor

📢 AM Best upgrades Coface’s Long-term Issuer Credit Ratings to ‘a+’ with a stable outlook! We are proud to announce that the rating agency AM Best has upgraded our Long-Term Issuer #Credit Ratings, and affirmed the #Financial #Strength Rating of A. The agency also highlights that this #rating reflects “Coface group’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management”. “We are very pleased with the upgrade of the Long-term Issuer Credit Ratings of AM Best to ‘a+’ (Excellent), with a stable outlook. This is a great reward to Coface teams for the hard work and the commitment to provide a high level of service to our clients”. Phalla Gervais, Chief Finance & Risk Officer at Coface. 👉 Find out more at https://lnkd.in/eQUj_mDU

"If companies do not cover this risk, it can lead to treasury tensions, a profitability problem, or even hinder their commercial development." ➡️ Why is credit insurance a necessity for developing your multinational company's activities? ➡️ What are the advantages of Coface's solutions dedicated to multinationals? 👉 Find the answers with Karine Damman, Coface Global Solutions Director on https://lnkd.in/e9GEurDw #CreditInsurance #RiskManagement #CommercialDevelopment #MultinationalCompanies

"VSBs are more exposed financially to the shock of an unpaid invoice. With 100% online access, EasyLiner solutions are easy to manage and offer comprehensive and fully included services of prevention, indemnification, amicable and legal collection" Patrice Luscan, Coface Marketing Director. ◾ Why is it essential for very small businesses to take out trade credit #insurance? ◾ What are Coface's trade credit insurance #solutions dedicated to #VSBs? 👉 Find out more at https://lnkd.in/ezW6b3qA