EDF / 2019 Universal registration document
CONTENTS
The Group, its strategy and activities
3
The Group’s financial performance and outlook
243
Key figures
4 6 8
Operating and financial review in 2019 5.1
244 275
Business model
Subsequent events 5.2
History and Organisation of the Group 1.2
Changes in market prices at the end of 5.3 February 2020
Group strategy 1.3
12 16 82 98
275 275
Description of the Group’s activities 1.4 Legislative and regulatory environment 1.5 Research & development, patents and licences 1.6
Outlook 5.4
Financial statements
277
Risk factors and control framework 103 Risk management and control of activities 2.1. 104 Risks to which the Group is exposed 2.2 110
Consolidated financial statements 6.1 Notes to the consolidated financial statements Statutory auditors’ report on the consolidated 6.2 financial statements
278 285
394 399
Non-financial performance
129
Financial statements 6.3
Statutory Auditors’ report on the financial 6.4 statements
EDF, a responsible company 3.1
130
454 457 458
EDF, a company committed to the energy 3.2 transition EDF, a company committed to a just and fair 3.3 transition 186 Appendices, concordance tables and report from 3.6 Statutory Auditors 187 136 146 179 Indicators and methodology 3.4 Non-financial rating 3.5
Dividend policy 6.5 Other items 6.6
Information relating to the allocation 6.7 of proceeds raised through Green Bonds issued by EDF
460
General information about the Company and its capital
465
Corporate governance
205
General information 7.1 about the Company
466
Corporate Governance Code 4.1 Members and functioning 4.2 of the Board of Directors Executive Management 4.3
206
Incorporation documents 7.2 and articles of association Information regarding capital 7.3 and share ownership Market for the Company’s shares 7.4
467
208 235
470 477 478 482
Conflicts of interest and interests of corporate 4.4 officers and executives Shareholding by corporate officers and trading 4.5 in EDF securities by corporate officers and executives
237
Related-party transactions 7.5
Material contracts 7.6
238
Compensation and benefits of 4.6. corporate officers
Additional information 483 Person responsible for the Universal Registration 8.1 Document and the Certification 484 Auditors – Statutory Auditors 8.2 484 Publicly available documents and financial 8.3 reporting calendar 485 Appendices – remuneration policy 8.4 485 Concordance tables 8.5 490 Glossary 498
239
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