Airbus // Universal Registration Document 2021
4. Corporate Governance / 4.2 Interests of Directors and Principal Executive Officers
3. Secure / Finalise the key strategic military programmes – – Eurodrone’s negotiations successfully completed in 2021 resulting in a signature of the contract in February 2022; – – Tiger MKIII contract signed; – – Future Combat Air System (“FCAS”), negotiations with the partner companies and customers are ongoing. 4. Environment, Social and Governance – – Leading the decarbonisation of the aerospace sector aiming to bring the first zero emission commercial aircraft to market by 2035. To this end, the Company’s CO 2 emissions decreased by 6% (762 ktons), which is above of the targeted reduction of 3%; – – Enhancing the current product and services portfolio contributing positively to climate change mitigation and adaptation; – – Strong focus to push our Health and Safety standards towards industry benchmarks, through standard processes deployment, and extensive training tailored to different population. As a result, FR1 target over-achieved; – – My Working Environment Survey in order to measure engagement of our employees, and roadmap defined in order to tackle main pain points (see details in Chapter 6). 5. Set Airbus on the right trajectory for the future – – Internal Transformation Programme has been (re)launched, and reset in a Post COVID-19 world. “Next Chapter Rewired” is focusing on creating the conditions for next generation digital and decarbonised products and services. II. Behaviour element The “behaviour element” accounts for 30% of the total Individual Component and has been assessed around three axis: – – Ethics & Compliance; – – Personal Development; – – Leadership Team Development. Each of the priorities have been assessed by the RNGC leading to a global achievement of 140% for the Personal focus Objectives, as per details shown on the table “summary CEO achievement – Individual Component”. A. Ethics & Compliance Ethics & Compliance (E&C) continues to be a key focus area for the Company and the way the business is done: – – Dedicated E&C focus during monthly executive and leadership meetings in February 2021, May 2021 and December 2021. – – Dedicated Export Control session during the February Executive Committee. – – Dedicated E&C workshop in December at Executives Leadership Meeting (ELM). From 1 October 2020 to 30 September 2021, the Company’s employees followed 284,774 Ethics & Compliance e-learning sessions. In 2021, 90% higher risk third parties were trained on Ethics & Compliance requirements and expectations. B. Personal Development The CEO is leading by example and has set axis of development supported by a coach following feedback sessions performed with his team members. C. Leadership Team Development – – The new composition of the Executive Committee has been implemented, including the nomination of Sabine Klauke, Chief Technical Officer, Catherine Jestin, EVP Digital and Transformation Management and Alberto Gutierrez, Chief Operating Officer for the Commercial Aircraft business. Furthermore, internal succession plans and training opportunities were reviewed to ensure that the strength of the Company’ internal talent remains engaged and monitored.
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d) Long-Term Incentive Plan 2021 Grant
In 2021, under the Company’s LTIP, the Board decided to grant only Performance Shares, and no Performance Units. This applies to the CEO as well as to all beneficiaries of LTIP. The value of the Performance Share award has been capped at 100% of the Base Salary, in line with the current Remuneration Policy as validated by the AGM 2020, which then represents one third of the CEO’s target Total Direct Compensation. The table below gives an overview of the Performance Shares granted to the CEO in 2021 pursuant to the LTIP:
SHARE PLAN: NUMBER OF PERFORMANCE SHARES
Granted in 2021
Vesting dates
Guillaume Faury
12,121
Vesting schedule is made up of one tranche expected in May 2025
The grants in 2021 were performed in compliance with the performance measures (average EPS (75%) and cumulative FCF (25%)) described in paragraph 4.2.1.1 item e). As per the current Remuneration Policy, the Performance Shares granted in 2021 will vest in one tranche (in May 2025).
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Airbus / Registration Document 2021
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