FFP_REGISTRATION_DOCUMENT_2017

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GROUP PRESENTATION

Employee-related, environmental and social information

SEB SA

CSR APPROACH For many years, SEB has been using an approach that is ethical, economically profitable, socially fair and environmentally responsible. The group has a three-year roadmap to address 20 priority issues identified in its materiality matrix.

2017 HIGHLIGHTS

CSR approach: top prize in the ESSEC 2017 awards

In early 2017, the Group’s CSR approach was recognised with the Responsible Consumer Industries CSR prize awarded by ESSEC Business School in partnership with France’s Ministry of the Economy, Industry and the Digital Sector. The SEB Group was nominated in all six of the seven award categories it entered, including sustainable consumption methods, reducing the carbon footprint and social responsibility. The Group also won the “end- of-life product” award because of its commitment to ensuring that its products can be repaired for 10 years. Environment: focus on recycled materials The SEB Group is using increasing amounts of recycled materials in its products. Since 2014, it has been stepping up its work on integrating recycled plastics into its products, driven by its Purchasing, Quality, Standards Environment and Research departments: collaboration with recyclers to improve the quality of the plastics concerned, checks on their regulatory compliance, injection and prototype testing, trial runs and so forth. In particular, it has set up a circular economy for small household appliances in France with Veolia and Eco-systèmes. This co-operation resulted in the 2015 launch of a steam generator whose shell is made from polypropylene produced from recycled electrical and electronic appliances, which represents a first for the group. Compared with virgin plastic, the recycled plastic used to make this product reduces its climate-change impact by almost 70%. The group is also engaging in further discussions with other recyclers in order to achieve greater expertise. Internally, it is focusing training and awareness-raising efforts on the teams concerned (design department, laboratories, quality, marketing, etc.). At the end of 2017, for products made in-house, the SEB group had already exceeded its 2020 target of including 20% recycled materials in its new products, achieving a figure of 37%.

BUSINESS ETHICS

Compliance with the Sapin II act - Duty of vigilance The SEB group’s ethical code clearly states management’s requirements regarding efforts to combat corruption. The various aspects of the ethical code are included in the internal audit manual and are checked during site audits (38 entities were covered by audit work in 2017 out of a possible 79). The whistleblowing procedure was reviewed in 2017 in order to comply with new regulations. It sets out in much greater detail the steps that must be followed, the people to contact, the information to provide, the way in which the alert is treated, the confidentiality rules and the protection measures for whistleblowers. The new procedure has been applicable since the start of 2018 and can be accessed by employees on the Group intranet. In 2017, no alerts were sent to the dedicated whistleblowing email address. In 2017, several countries organised ethics awareness-raising/ training sessions, including Colombia, where 100% of employees took part, and Egypt. To give fresh impetus to communication efforts regarding the ethics code, the Group has devised a dedicated e-learning programme. It consists of six modules covering the 18 topics of the ethics code. The programme will form part of the mandatory training that all of the Group’s new employees with internet access must undertake. Employees without internet access must attend classroom-based training regarding the ethics code.

LONG-STANDING COMMITMENT TO RESPECTING HUMAN RIGHTS

the Group to establish external comparisons and generate audits that customers can inspect. In 2017, eight sites were audited in Russia, China, Colombia and Vietnam. Five of those sites achieved an overall compliance score of over 80%, and no instance of “zero-tolerance” non-compliance was found. The three sites that achieved a score of below 80% have implemented a remedial action plan. Four sites qualified for Intertek’s Achievement Award (AA), with a compliance score of over 90% and no major instances of non-compliance: Vostok in Russia, Yuhuan and Wuhuan in China and Rionegro in Colombia.

Respect for human rights is an integral part of the Group’s governance. In 2007, the Group decided to assess the human rights practices used by staff in its subsidiaries consisting of more than 10 people. These self-assessments were performed around every two years and covered almost 99%of staff. They led to remedial action plans where necessary. In 2015, the SEB group reached a newmilestone by applying the same ethics, social and environmental audit system applied by its suppliers (WCA - Workplace Condition Assessment) to its manufacturing sites in risky areas. This audit system, shared with the Group’s suppliers, allows

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FFP

2017 REGISTRATION DOCUMENT