Airbus - 2022 Universal Registration Document

First page Table of contents Next page Last page
Risk Factors7
1. Financial Market Risks8
2. Business-Related Risks12
3. Legal Risks20
4. Environment, Human Rights, Health & Safety Risks23
1. Information on the Company’s Activities29
1.1 Presentation of the Company30
1.1.1 Overview30
1.1.2 Airbus (Commercial Aircraft)35
1.1.3 Helicopters44
1.1.4 Defence and Space50
1.1.5 Investments57
1.1.6 Insurance58
1.1.7 Legal and Arbitration Proceedings58
1.2 Non-Financial Information61
1.2.1 The Company’s Approach to Sustainability61
1.2.2 Climate Change68
1.2.3 Pollution86
1.2.4 Materials and Circularity88
1.2.5 Water90
1.2.6 Biodiversity92
1.2.7 Aviation and Product Safety93
1.2.8 Cyber Security95
1.2.9 Health and Safety97
1.2.10 Human Rights102
1.2.11 Inclusion and Diversity107
1.2.12 Social Dialogue109
1.2.13 People111
1.2.14 Business Integrity115
1.2.15 Responsible Supply Chain118
1.2.16 Community Impact126
1.2.17 ESG Data Board128
1.2.18 TCFD Correspondence Table137
1.2.19 EU Taxonomy138
1.2.20 GRI Index144
1.2.21 SASB Correspondence Table148
1.3 Other Corporate Activities149
1.4 Recent Developments157
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations159
2.1 Operating and Financial Review160
2.1.1 Overview161
2.1.2 Significant Accounting Considerations, Policies and Estimates164
2.1.3 Performance Measures165
2.1.4 Results of Operations169
2.1.5 Changes in Total Equity (Including Non-Controlling Interests)173
2.1.6 Liquidity and Capital Resources174
2.2 Financial Statements178
2.3 Statutory Auditor Fees178
2.4 Information Regarding the Statutory Auditors178
3. General Description of the Company and its Share Capital181
3.1 General Description of the Company182
3.1.1 Commercial and Corporate Names, Seat and Registered Office182
3.1.2 Legal Form182
3.1.3 Governing Laws and Disclosures182
3.1.4 Date of Incorporation and Duration of the Company183
3.1.5 Objects of the Company184
3.1.6 Commercial and Companies Registry184
3.1.7 Inspection of Corporate Documents184
3.1.8 Financial Year184
3.1.9 Allocation and Distribution of Income184
3.1.10 General Meetings185
3.1.11 Disclosure of Holdings186
3.1.12 Mandatory Disposal187
3.1.13 Mandatory Offers188
3.2 General Description of the Share Capital189
3.2.1 Issued Share Capital189
3.2.2 Authorised Share Capital189
3.2.3 Modification of Share Capital or Rights Attached to the Shares189
3.2.4 Securities Granting Access to the Company’s Share Capital190
3.2.5 Changes in the Issued Share Capital190
3.3 Shareholdings and Voting Rights191
3.3.1 Shareholding Structure at the End of 2022191
3.3.2 Relationships with Principal Shareholders192
3.3.3 Form of Shares195
3.3.4 Changes in the Shareholding of the Company195
3.3.5 Persons Exercising Control over the Company195
3.3.6 Simplified Group Structure Chart195
3.3.7 Purchase by the Company of its Own Shares197
3.4 Dividends199
3.4.1 Dividends and Cash Distributions Paid199
3.4.2 Dividend Policy of the Company199
3.4.3 Unclaimed Dividends199
3.4.4 Taxation199
4. Corporate Governance203
4.1 Management and Control204
4.1.1 Corporate Governance Arrangements204
4.1.2 Dutch Corporate Governance Code, “Comply or Explain”228
4.1.3 Enterprise Risk Management System229
4.1.4 Internal Audit231
4.2 Interests of Directors and Principal Executive Officers232
4.2.1 Remuneration Policy232
4.2.2 Long-Term Incentives Granted to the Chief Executive Officer247
4.2.3 Related Party Transactions247
4.3 Employee Success Sharing and Incentive Plans248
4.3.1 Employee Success Sharing and Incentive Agreements248
4.3.2 Employee Share Ownership Plans248
4.3.3 Long-Term Incentive Plans249
5. General Information255
5.1 Entity Responsible for the Universal Registration Document256
5.2 Statement of the Entity Responsible for the Universal Registration Document256
5.3 Information Policy256
5.4 Undertakings of the Company Regarding Information257
5.5 Significant Changes257
5.6 Statement on Approval257

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