2021 Universal Registration Document
First page
Table of contents
Next page
Last page
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
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