SAINT_GOBAIN_REGISTRATION_DOCUMENT_2017
CONTENTS
Pierre-André de Chalendar A message from
2
6 Corporate governance
123
Composition and operation of the 1. Board of Directors Management and Directors’ 2. compensation Company stock traded 3. by Directors 173 Report of the Board of Directors on 4. corporate governance (Article L.225-37 of the French Commercial Code) 174 Statutory Auditors’ special report 5. on related-party agreements and undertakings 175 147 124
Saint-Gobain today
5
1
Group profile 1. Strong values 2. Governance 3.
6
10 14
A decentralized organizational 4. structure
17
2 One ambition: to improve the well-being of all The Group and its environment 1.
21
22 27
7 Risks and control Risk factors 1. Internal control 2.
181
Creating great living places 2.
Solutions specifically for industrial 3. markets
182 191
34 36
Proximity to customers 4.
Capital and ownership structure
A Group organization to serve 5. customer and market needs
203
39
8
Capital 1.
204 207
3 Strategic drivers for sustainable growth
Ownership structure 2.
49
Stock market/securities market 3. information
210
Allocating resources efficiently to 1. drive Group performance Continuing the Group’s digital 2. transformation Sustainable differentiation through 3. innovation and R&D Developing and adding value to 4. the Saint-Gobain brand
50
Information policy 4.
and financial calendar
215 216
53
Dividends 5.
58
9 Financial and accounting information 2017 Consolidated financial 1. statements
217
62
4 An efficient and responsible Group
218
Statutory Auditors' report on the 2. consolidated financial statements 271 Compagnie de Saint-Gobain 2017 3. annual financial statements (parent company) 276 Statutory Auditors' report on the 4. financial statements 304 Management report Compagnie de 5. Saint-Gobain annual financial statements 308
63
Reference policies 1.
64 68
Operational excellence policies 2. A Group that is committed to the 3. professional growth of its employees The Group’s contribution to 4. environmental, social and societal challenges to achieve a local and inclusive development
80
88
Five year financial summary 6.
310
5 2017 results and outlook for 2018
10 Additional information and cross-reference tables
95
311
Financial results 1.
96
Non-financial results 2.
108
Additional information 1.
312 321 331
CSR information 2.
Cross-reference tables 3.
WWW.SAINT-GOBAIN.COM
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