Airbus // Universal Registration Document 2021

First page Table of contents Next page Last page
Risk Factors7
1. Financial Market Risks8
2. Business-Related Risks12
3. Legal Risks19
4. Environment, Human Rights, Health & Safety Risks22
1. Information on the Company’s Activities27
1.1 Presentation of the Company28
1.1.1 Overview28
1.1.2 Airbus (Commercial Aircraft)32
1.1.3 Helicopters41
1.1.4 Defence and Space45
1.1.5 Investments52
1.1.6 Insurance52
1.1.7 Legal and Arbitration Proceedings52
1.2 Non-Financial Information55
1.2.1 The Company’s Approach to Sustainability55
1.2.2 Lead the Journey Towards Clean Aerospace60
1.2.3 Build Our Business on the Foundation of Safety and Quality72
1.2.4 Respect Human Rights and Foster Inclusion80
1.2.5 Exemplify Business Integrity92
1.2.6 Responsible Supply Chain95
1.2.7 Community Impact102
1.2.8 ESG Data Board104
1.2.9 Deployment of Vigilance Plan (Devoir de Vigilance)111
1.2.10 EU Taxonomy Disclosure112
1.2.11 TCFD Correspondence Table113
1.2.12 GRI Index114
1.2.13 SASB Correspondence Table118
1.3 Other Corporate Activities119
1.4 Recent Developments127
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations129
2.1 Operating and Financial Review130
2.1.1 Overview131
2.1.2 Significant Accounting Considerations, Policies and Estimates134
2.1.3 Performance Measures135
2.1.4 Results of Operations139
2.1.5 Changes in Total Equity (Including Non-Controlling Interests)143
2.1.6 Liquidity and Capital Resources144
2.2 Financial Statements148
2.3 Statutory Auditor Fees148
2.4 Information Regarding the Statutory Auditors148
3. General Description of the Company and its Share Capital151
3.1 General Description of the Company152
3.1.1 Commercial and Corporate Names, Seat and Registered Office152
3.1.2 Legal Form152
3.1.3 Governing Laws and Disclosures152
3.1.4 Date of Incorporation and Duration of the Company153
3.1.5 Objects of the Company154
3.1.6 Commercial and Companies Registry154
3.1.7 Inspection of Corporate Documents154
3.1.8 Financial Year154
3.1.9 Allocation and Distribution of Income154
3.1.10 General Meetings155
3.1.11 Disclosure of Holdings156
3.1.12 Mandatory Disposal157
3.1.13 Mandatory Offers158
3.2 General Description of the Share Capital159
3.2.1 Issued Share Capital159
3.2.2 Authorised Share Capital159
3.2.3 Modification of Share Capital or Rights Attached to the Shares159
3.2.4 Securities Granting Access to the Company’s Share Capital160
3.2.5 Changes in the Issued Share Capital160
3.3 Shareholdings and Voting Rights161
3.3.1 Shareholding Structure at the End of 2021161
3.3.2 Relationships with Principal Shareholders162
3.3.3 Form of Shares165
3.3.4 Changes in the Shareholding of the Company165
3.3.5 Persons Exercising Control over the Company165
3.3.6 Simplified Group Structure Chart165
3.3.7 Purchase by the Company of its Own Shares167
3.4 Dividends169
3.4.1 Dividends and Cash Distributions Paid169
3.4.2 Dividend Policy of the Company169
3.4.3 Unclaimed Dividends169
3.4.4 Taxation169
4. Corporate Governance173
4.1 Management and Control174
4.1.1 Corporate Governance Arrangements174
4.1.2 Dutch Corporate Governance Code, “Comply or Explain”197
4.1.3 Enterprise Risk Management System198
4.1.4 Internal Audit200
4.2 Interests of Directors and Principal Executive Officers201
4.2.1 Remuneration Policy201
4.2.2 Long-Term Incentives Granted to the Chief Executive Officer214
4.2.3 Related Party Transactions215
4.3 Employee Success Sharing and Incentive Plans215
4.3.1 Employee Success Sharing and Incentive Agreements215
4.3.2 Employee Share Ownership Plans215
4.3.3 Long-Term Incentive Plans216
5. General Information223
5.1 Entity Responsible for the Universal Registration Document224
5.2 Statement of the Entity Responsible for the Universal Registration Document224
5.3 Information Policy224
5.4 Undertakings of the Company regarding Information225
5.5 Significant Changes225
5.6 Statement on Approval225

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