2025 Universal Registration Document

General and financial elements

Lastly, to take account of best practices and recommendations of organisations currently examining the issues raised by sustainability reporting as well as a deeper understanding of these new regulatory provisions and standards, the Group could eventually revise some of its reporting and communication practices, in keeping with its continuous improvement approach.

1.1.3.3 Incorporation by reference

The following information from the sustainability report is incorporated by reference into other sections of the Universal Registration Document:

Incorporation by reference
Disclosure requirement Section incorporated by reference Reference
GOV-3

GOV-3

Section incorporated by reference

1.2.2 Including environmental, social and governance criteria in the remuneration policy for managers and operational staff

GOV-3

Reference

Chapter C, “Report on corporate governance”, paragraphs 4.1.2 and 4.1.2.1
GOV-5

GOV-5

Section incorporated by reference

1.3.2 ESG risk management and internal control

GOV-5

Reference

Chapter D, “Risk factors and management procedures”, paragraphs 2, 2.4.3 and 2.4

Chapter F, “Duty of vigilance plan”, paragraph 2.6
GOV-1

GOV-1

Section incorporated by reference

1.4.1 Interests and views of stakeholders

GOV-1

Reference

Chapter F, “Duty of vigilance plan”, paragraph 3.5
SBM-1

SBM-1

Section incorporated by reference

1.4.2 Interaction of IROs with the Group’s business model and strategy

SBM-1

Reference

Notes A.3.1 and A.3.2 to the Group’s consolidated financial statements

Note M to the consolidated financial statements
E1-6

E1-6

Section incorporated by reference

2.2.3 Performance monitoring

E1-6

Reference

Note A.3 to the consolidated financial statements
1.2 Governance

Information relating to the composition and responsibilities of administrative and management bodies with regard to sustainability issues is presented in sections 2 to 5 of chapter C, “Report on corporate governance,” pages 127 to 170.

The governance of sustainability issues is structured as described below.

1.2.1 ESG governance

In this second year of reporting under the CSRD, the governance of sustainability issues involved three main bodies, whose duties and responsibilities are specified as follows in the Company’s internal rules:

  • The Board of Directors oversees CSRD compliance and therefore ensures that the process of its implementation and deployment within the Group is continuing in an efficient and effective manner.
  • The Audit Committee monitors the sustainability reporting process. It reviews the draft report before it is submitted to the Board of Directors. It verifies the quality of the information provided to shareholders. It monitors the performance of the auditors providing assurance on sustainability information in carrying out their engagement. The Audit Committee discharges its duties and responsibilities in accordance with Article 5.2.3 of the Board’s internal rules.
  • The Strategy and CSR Committee reviews the information collected and submits any helpful recommendations to the Audit Committee and the Board. It reviews the sustainability report. The Strategy and CSR Committee discharges its duties and responsibilities in accordance with Article 5.2.2 of the Board’s internal rules.

At the Shareholders’ General Meeting of 17 April 2025, a second auditor providing assurance on sustainability information was appointed for a term of six years, to serve in addition to the one appointed in 2024.