Integrated presentation of Sopra Steria | 1 |
Chairman’s message | 2 |
Key figures for 2021 | 3 |
History and corporate plan | 4 |
Our mission and values | 5 |
Governance | 6 |
Corporate responsibility | 8 |
Business model and... | 10 |
…the value creation chain | 11 |
Breakdown of revenue and the workforce | 12 |
Strategy & Ambitions | 13 |
Risk Management | 14 |
Financial performance | 15 |
Dialogue with investors | 16 |
Contacts | 17 |
1. Business overview and strategies | 19 |
1. Sopra Steria Group at a glance | 20 |
2. History of Sopra Steria Group | 21 |
3. Digital services market | 22 |
3.1. Main markets – Competitive environment of the digital services sector | 22 |
4. Sopra Steria’s activities | 23 |
4.1. A major European player in digital transformation | 23 |
4.2. Business expertise at the heart of our strategy | 26 |
4.3. Research and Development in Solutions | 28 |
5. Strategy and objectives | 28 |
5.1. Strong and original positioning in Europe | 28 |
5.2. Confirmed objectives and priority action areas | 29 |
5.3. Medium-term strategic objectives | 31 |
6. 2021 Full-year results | 31 |
6.1. Comments on 2021 performance | 31 |
6.2. Comments on the components of net profit attributable to the Group and financial position at 31 December 2021 | 32 |
6.3. Proposed dividend in respect of financial year 2021 | 32 |
6.4. Workforce | 32 |
6.5. Social and environmental footprint | 33 |
6.6. External growth transactions and acquisitions in financial year 2021 | 33 |
6.7. Infrastructure and technical facilities | 33 |
6.8. Targets for 2022 | 33 |
7. Subsequent events | 33 |
8. Simplified Group structure at 31 December 2021 | 34 |
9. Group organisation | 35 |
9.1. Permanent structure | 35 |
9.2. Temporary structures for specific deals and projects | 36 |
2. Risk factors and internal control | 37 |
1. Risk factors | 38 |
1.1. Risk identification and assessment | 38 |
1.2. Summary overview of risk factors | 38 |
1.3. Detailed presentation of risk factors | 39 |
2. Insurance | 45 |
3. Internal control and risk management | 45 |
3.1. Objectives and framework for the internal control and risk management system | 45 |
3.2. Scope | 46 |
3.3. Components of the internal control and risk management system | 46 |
3.4. Participants in internal control and risk management | 47 |
3.5. Assessment and continuous | 49 |
4. Procedures relating to the preparation and processing of accounting and financial information | 49 |
4.1. Coordination of the accounting and financial function | 49 |
4.2. Preparation of the published accounting and financial information | 50 |
3. Corporate governance | 51 |
1. Organisation and operation of governance | 52 |
1.1. Executive company officers | 52 |
1.2. Board of Directors | 54 |
1.3. Preparation and organisation of the work of the Board of Directors | 75 |
2. Compensation policy | 81 |
2.1. Policy outline | 81 |
2.2. Executive company officers | 82 |
2.3. Board of Directors | 84 |
3. Standardised presentation of compensation paid to company officers | 85 |
3.1. AFEP-MEDEF Code tables | 85 |
3.2. Pay ratios | 92 |
3.3. Result of the shareholder consultation on the compensation of executive company officers (General Meeting of 26 May 2021) | 95 |
4. Departures from the guidelines set forth in the AFEP-MEDEF Code | 96 |
4. Corporate responsibility | 97 |
Message from the Chief Executive Officer | 98 |
1. Sopra Steria’s Corporate Responsibility Strategy | 99 |
1.1. Materiality matrix | 99 |
1.2. Seven key commitments aligned with the United Nations Sustainable Development Goals (SDGs) | 100 |
1.3. Corporate Responsibility governance structure supporting the Group’s strategy | 105 |
2. Social responsibility: a committed and responsible Group | 107 |
2.1. Governance | 107 |
2.2. Responsible employment priorities | 107 |
2.3. Employment policy for professional excellence | 108 |
2.4. Regional impact | 109 |
2.5. Attracting and retaining more talent | 109 |
2.6. Maintaining and developing skills | 112 |
2.7. Diversity and equal opportunity | 113 |
2.8. Health, safety and working conditions | 118 |
2.9. Labour relations | 119 |
3. Environmental Responsibility: Carbon-neutral | 120 |
3.1. Environmental strategy | 120 |
3.2. Environmental policy | 122 |
3.3. Incorporating climate risks and opportunities into the Group’s strategy | 124 |
3.4. Optimising resource consumption and reducing greenhouse gas emissions | 125 |
3.5. Green taxonomy (Regulation (EU) 2020/852 of 18 June 2020) | 132 |
3.6. Outlook | 134 |
4. Engaging our stakeholders to meet their needs better | 135 |
4.1. Creating value for our stakeholders | 135 |
4.2. Helping our clients with innovation and digital sustainability | 136 |
4.3. Suppliers and partners | 140 |
4.4. Ethics and compliance | 141 |
4.5. Human rights, international labour standards, environment and anti-corruption commitments | 146 |
4.6. Group’s community commitment | 147 |
4.7. Duty of vigilance and vigilance plan | 148 |
5. Methodological note | 150 |
6. SDG/GRI/TCFD-CDSB cross-reference table | 152 |
7. Social and environmental indicators | 155 |
8. Report by the independent third party of the consolidated statement of non-financial performance presented in the Management Report | 163 |
5. 2021 Consolidated Financial Statements | 169 |
Consolidated statement of net income | 170 |
Consolidated statement of comprehensive income | 171 |
Consolidated statement of financial position | 172 |
Consolidated statement of changes in equity | 173 |
Consolidated cash flow statement | 174 |
Notes to the consolidated financial statements | 175 |
Statutory Auditors’ report on the consolidated financial statements | 233 |
6. 2021 Parent Company Financial Statements | 239 |
Income statement | 240 |
Balance sheet | 241 |
Cash flow statement | 242 |
1. Company description | 243 |
2. Significant events | 243 |
2.1. Impact of the Covid-19 crisis | 243 |
2.2. Restructuring operations carried out during the financial year | 243 |
3. Accounting policies | 243 |
4. Notes to the income statement | 244 |
4.1. Operating income | 244 |
4.2. Staff costs and employee benefits | 245 |
4.3. Net financial income | 246 |
4.4. Exceptional items | 247 |
4.5. Corporate income tax | 247 |
5. Notes relatives au bilan | 248 |
5.1. Actif immobilisé | 248 |
5.2. Autres éléments d’actif | 253 |
5.3. Capitaux propres | 255 |
5.4. Provisions pour risques et charges | 255 |
5.5. Autres éléments de passif | 257 |
5.6. Échéances des créances et dettes la clôture de l’exercice | 261 |
6. Autres informations | 262 |
6.1. Informations concernant le crédit-bail | 262 |
6.2. Engagements hors bilan | 262 |
6.3. Faits exceptionnels et litiges | 263 |
6.4. Événements postérieurs à la clôture de l’exercice | 263 |
6.5. Tableau des cinq derniers exercices | 264 |
6.6. Échéancier des dettes fournisseurs et des créances clients | 265 |
Rapport des Commissaires aux comptes sur les comptes annuels | 266 |
Rapport spécial des Commissaires aux comptes sur les conventions réglementées | 270 |
7. Share ownership structure | 273 |
1. General information | 274 |
2. Share ownership structure | 275 |
3. Employee share ownership | 275 |
4. Voting rights | 276 |
5. Threshold crossings | 276 |
6. Shareholders’ agreements | 276 |
7. Control | 277 |
7.1. Breakdown of voting rights | 277 |
7.2. Members of Sopra Steria Group’s Board of Directors | 277 |
7.3. Measures to govern the control exercised by Sopra GMT | 277 |
8. Share buyback programme | 278 |
8.1. Implementation of the share buyback programme in 2021 | 278 |
8.2. Description of the 2022 share buyback programme | 278 |
9. Changes in share capital | 280 |
10. Securities giving access to the share capital – Potential dilution | 280 |
11. Information on transactions in securities by Directors or persons mentioned in Article L. 621-18-2 of the French Monetary and Financial Code | 281 |
12. Authorisations to issue securities granted to the Board of Directors at the Combined General Meetings of 9 June 2020 and 26 May 2021 | 281 |
12.1. Issue with pre-emptive subscription rights | 281 |
12.2. Issue without pre-emptive subscription rights | 282 |
12.3. Authorisations for issues reserved for employees and company officers without pre-emptive subscription rights | 282 |
13. Information required by Article L. 22-10-11 of the French Commercial Code relating to public tender or exchange offers | 282 |
14. Monthly share prices and trading volumes on Euronext Paris | 283 |
15. Share price performance | 284 |
16. Dividend per share | 284 |
8. Additional information | 285 |
1. Articles of Association | 286 |
1.1. Board of Directors | 286 |
1.2. Executive Management | 289 |
1.3. General Meetings | 290 |
2. Person responsible for the Universal Registration Document and information on the auditing of the Company’s financial statements | 292 |
2.1. Person responsible for the Universal Registration Document | 292 |
2.2. Information relating to the Statutory Auditors | 292 |
3. Provisional reporting timetable | 293 |
4. Regulatory disclosures in 2021 | 293 |
5. Documents available to the public | 294 |
9. General Meeting | 295 |
1. Agenda | 296 |
Requiring the approval of the Ordinary General Meeting | 296 |
Requiring the approval of the Extraordinary General Meeting | 296 |
Requiring the approval of the Ordinary General Meeting | 297 |
2. Summary of resolutions | 297 |
2.1 Ordinary General Meeting | 297 |
2.2. Extraordinary General Meeting | 300 |
2.3. Ordinary General Meeting | 302 |
3. Text of the resolutions | 303 |
Requiring the approval of the Ordinary General Meeting | 303 |
Requiring the approval of the Extraordinary General Meeting | 306 |
Requiring the approval of the Ordinary General Meeting | 312 |
4. Special report of the Board of Directors | 313 |
Statement by the person responsible for the Universal Registration Document | 314 |
Index | 315 |
Glossary | 318 |
Cross-reference table for the 2021 Universal Registration Document | 320 |
Cross-reference tables for the Management Report | 323 |
Cross-reference table for the report on corporate governance | 325 |
Cross-reference table for the Annual Financial Report | 327 |