Amundi - Corporate Social Responsibility Report 2016

Economic, social and environmental information Make individual and collective development central to our responsibility as an employer

p CVC ties employees to Amundi’s financial performance. In France it is based on a total amount set as a function of a benchmark figure adjusted for changes in net income, in AuM and in the operating ratio. The compensation policy is reviewed yearly by the Compensation Committee. It complies with recent regulatory changes (AIFM, MIFID and CRD IV). In 2016, Amundi continued to apply its compensation policy in three areas: p to enhance the professional development of young employees and those who take on new responsibilities and assist employees who change jobs and join growth segments; p to pay particular attention to entry-level salaries to ensure a degree of social equity;

p to provide pay raises that reflect the Company’s development and performance and the employee’s performance.

EMPLOYEE SHARE OWNERSHIP

At 31 December 2016, the percentage of employee share ownership in the share capital of Amundi stood at 0.3%. During 2016, Amundi’s Articles of Association were modified to allow for the creation of a director representing employees, with the task of being the employees’ voice on the Board of Directors. Amundi opted to follow this course of action despite not being under a legal obligation to do so. This director was elected by the employees for a 3-year term of office and has a voting right.

Employer-Employee communication, Psychosocial Risk (PSR) Prevention Policy and quality of life in the workplace

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EMPLOYEE REPRESENTATIVE BODIES

p PEG (corporate savings plan) and PERCO (collective retirement savings plan) agreements promoting savings through significant employer contributions, particularly to the PERCO, to deal with changes in retirement systems; p a Professional Gender Equality agreement demonstrating Amundi’s desire to reinforce the principle of equal opportunity throughout the entire HR process; p an Intergenerational Contract aiming to promote diversity through the hiring of young employees and the maintenance of the employment rate among older employees, thereby participating in the development of the transmission of knowledge and skills between generations. In addition, Amundi committed to establishing a Corporate Retirement Savings Plan (PERE), to bolster the assistance provided to employees in preparing for retirement by setting up an additional retirement savings scheme. With respect to agreements on the employment of persons with disabilities and the management of employment and skills, Amundi applies the agreements signed at the Crédit Agricole S.A. Group level. As a member of the Crédit Agricole Group, Amundi is also a member of the Group and European Works Councils formed at the Crédit Agricole Group level.

Amundi’s social policy is to engage in constructive dialogue with the various employee representative bodies, whether through formal bodies or through ad hoc groups facilitating more in-depth discussion. Amundi recognises that social dialogue and healthy employee representative bodies contribute to Amundi’s development. Through bodies such as the Works Council, the Health and Safety Committee (33 meetings in 2016), or as part of eight specific commissions, 2016 proved to be a very prolific year for employer- employee communication. Legal changes due to the Rebsamen and El Khomri laws and the agreements expiring at year-end 2016 led to active collective bargaining. Nine agreements and amendments were signed in 2016, including: p a methods agreement facilitating the organisation of collective bargaining for 2016 and providing greater resources to the social partners to enable them to be fully involved in all negotiations; p profit-sharing and incentive plan agreements following the model of the previous agreements by linking employees to the companies’ results and resulting in the distribution of amounts higher than the legal requirements in accordance with the best market standards, while ensuring social redistribution. These new agreements incorporate potential international acquisitions into the calculation of the collective variable compensation (CVC);

AMUNDI - 2016 Corporate social responsability report

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