Groupe Renault - 2019 Universal Registration Document

MESSAGE FROM JEAN-DOMINIQUE SENARD4
MESSAGE FROM CLOTILDE DELBOS6
GOVERNANCE AND GROUP EXECUTIVE COMMITTEE8
BUSINESS MODEL10
FIGURES KEY12
A 5-BRAND GROUP14
01. GROUPE RENAULT17
1.1 OVERVIEW OF RENAULT AND THE GROUP18
1.1.1 Management bodies as at March 202018
1.1.2 Key figures19
1.1.3 2019 Sales Financing highlights21
1.1.4 The Group’s main activities21
1.1.5 Sales financing50
1.1.6 Main Group subsidiaries and detailed organization chart54
1.1.7 History of the Group58
1.2 THE ALLIANCE60
1.2.1 Overview60
1.2.2 History60
1.2.3 Functioning of the Alliance in 201961
1.2.4 Strategic cooperations63
1.2.5 The Alliance’s financial indicators64
1.2.6 Nissan 2019 results67
1.3 EARNINGS REPORT – 201968
1.3.1 Sales performance70
1.3.2 Financial results75
1.4 RESEARCH AND DEVELOPMENT80
1.4.1 The car of the future80
1.4.2 2019 New Products85
1.4.3 Performance levers90
1.4.4 R&D: a unified international organization92
1.5 INTERNAL CONTROL AND RISK MANAGEMENT93
1.5.1 Group internal control and risk management system93
1.5.2 Implementation of internal control and risk management objectives96
1.5.3 General framework for internal control and risk management within the RCI Banque group97
1.6 RISK FACTORS100
1.6.1 Risk factors for Automotive100
1.6.2 Risk factors for the AVTOVAZ group111
1.6.3 Risk factors for Sales Financing (RCI Banque SA)113
1.7 REGULATORY ENVIRONMENT118
1.7.1 Vehicle manufacturing regulations118
1.7.2 Environmental regulations120
1.7.3 European regulations applicable to the distribution of new vehicles and spare parts123
1.7.4 Community design regulations124
1.7.5 Banking regulations124
1.8 POST-BALANCE SHEET EVENTS125
02. RENAULT: A RESPONSIBLE COMPANY127
2.1 OUR UNDERTAKING: MOBILIZE, FOR INCLUSION AND SUSTAINABLE MOBILITY128
2.1.1 Mobilize: Groupe Renault’s social and sustainable ambition128
2.1.2 A historical commitment129
2.1.3 CSR governance130
2.1.4 Guidelines and standards130
2.1.5 Stakeholder dialog132
2.1.6 Vigilance plan136
2.1.7 Extra-Financial Performance Declaration137
2.2 BUILDING TOMORROW’S MOBILITY FROM TODAY144
2.2.1 Thinking about and developing new sustainable forms of mobility144
2.2.2 Mobilizing for road safety149
2.2.3 Industry 4.0: production plants shaped by the future153
2.3 ENVIRONMENT155
2.3.1 The ecological challenges155
2.3.2 Company-wide environmental management156
2.3.3 Environmental impact: actions and indicators165
2.4 INCLUSION191
2.4.1 Promoting diversity, development and employee commitment191
2.4.2 Health, safety, ergonomy and the environment (HSEE)213
2.4.3 Handing on knowledge for the future217
2.4.4 Contributing to the development and vitality of the regions218
2.4.5 Making mobility as widely accessible as possible221
2.4.6 Facilitating a global CSR network224
2.5 ETHICS AND GOVERNANCE226
2.5.1 Business ethics: ethics and compliance policy226
2.5.2 Strengthening the responsible purchasing approach in the supply chain228
2.5.3 Tax policy231
2.5.4 Cybersecurity and data protection232
2.6 APPENDICES233
2.6.1 Environmental appendices233
2.6.2 Appendices concerning social commitment243
2.6.3 Appendices concerning societal commitments246
2.6.4 Extra-financial ratings and indexes247
2.6.5 Report by one of the Statutory Auditors, appointed as anindependent third party, on the consolidated non-financialperformance statement249
03. CORPORATE GOVERNANCE255
REPORT ON CORPORATE GOVERNANCE256
3.1 COMPOSITION, PREPARATION AND ORGANISATION OF THE BOARD OF DIRECTORS257
3.1.1 Governance structure257
3.1.2 Composition of the Board of Directors261
3.1.3 List of offices and functions exercised by the directors266
3.1.4 Additional information about the directors283
3.1.5 Board organization, operation and missions284
3.1.6 Activity of the specialized committees of the Board of Directors in 2019291
3.1.7 Evaluation of the Board of Directors299
3.1.8 Implementation of the “comply or explain” rule300
3.1.9 Assessment procedure for current agreements concluded under arm’s length terms301
3.1.10 Procedures for shareholders’ participation in the Annual General Meeting301
3.1.11 Factors likely to have an effect in the event of a public offer301
3.1.12 Summary table of ongoing delegations in respect of capital increases301
3.2 COMPENSATION OF COMPANY OFFICERS302
3.2.1 General principles relating to the compensation of the corporate officers302
3.2.2 Compensation of the corporate officers in 2019304
3.2.3 Comparison of compensation levels between corporate officers and employees316
3.2.4 Compensation policies for the corporate officers for the 2020 financial year317
3.2.5 Compensation of senior executives: performance shares327
3.3 INFORMATION CONCERNING SECURITIES TRANSACTIONS331
3.4 INTERNAL VERIFICATIONS BY THE ETHICS AND COMPLIANCE DEPARTMENT – AUDIT OF RNBV332
04. FINANCIAL STATEMENTS335
4.1 STATUTORY AUDITORS’ REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS336
4.2 CONSOLIDATED FINANCIAL STATEMENTS340
4.2.1 Consolidated income statement340
4.2.2 Consolidated comprehensive income341
4.2.3 Consolidated financial position342
4.2.4 Changes in consolidated shareholders’ equity344
4.2.5 Consolidated cash flows345
4.2.6 Notes to the consolidated financial statements346
4.3 STATUTORY AUDITORS’ REPORTS419
4.3.1 Statutory Auditors’ report on the financial statements419
4.3.2 Statutory Auditors’ report on the related party agreements423
4.4 RENAULT SA ANNUAL FINANCIAL STATEMENTS426
4.4.1 Summary financial statement426
4.4.2 Notes to the annual financial statements428
05. RENAULT AND ITS SHAREHOLDERS443
5.1 GENERAL INFORMATION444
5.1.1 Overview444
5.1.2 Special provisions of the By-laws444
5.2 GENERAL INFORMATION RELATING TO RENAULT’S SHARE CAPITAL446
5.2.1 Share capital446
5.2.2 Change in the share capital446
5.2.3 Changes in capital ownership over the past five years446
5.2.4 Unissued authorized share capital446
5.2.5 Potential share capital447
5.2.6 Renault share ownership449
5.3 MARKET FOR RENAULT SHARES452
5.3.1 Renault shares452
5.3.2 Renault and Diac participating shares (titres participatifs)453
5.3.3 Dividends454
5.4 INVESTOR RELATIONS POLICY454
5.4.1 Individual shareholders454
5.4.2 Institutional investors/socially responsible investors454
5.4.3 2020 financial calendar455
5.4.4 Contacts455
5.4.5 Public documents455
06. ANNUAL GENERAL MEETING OF RENAULT ON APRIL 24, 2020457
DRAFT RESOLUTIONS458
1 - Ordinary general meeting458
2 - Extraordinary general meeting461
3 - Ordinary general meeting470
07. ADDITIONAL INFORMATION473
7.1 CERTIFICATION BY THE PERSON RESPONSIBLE FOR THE DOCUMENT474
7.2 HISTORICAL INFORMATION ON FINANCIAL YEARS 2017 AND 2018475
7.2.1 For financial year 2017475
7.2.2 For financial year 2018475
7.3 STATUTORY AUDITORS476
7.3.1 Regular statutory auditors476
7.3.2 Alternate statutory auditors476
7.3.3 Statutory auditors’ fees477
7.4 CROSS-REFERENCE TABLES478
7.4.1 Headings required by Annex 1 of European commission regulation (EC) No. 809/2004478
7.4.2 Cross-reference table for the Management report and the Report on Corporate Governance481
7.4.3 Cross-reference table of the annual financial report484
GLOSSARY485
INITIALS AND ACRONYMS488

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