Sopra Steria - 2020 Universal registration document
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Table of contents
Next page
Last page
Sommaire
II
Integrated presentation of Sopra Steria
1
Message from the Chairman
2
Key figures for 2020
3
History and corporate plan
4
Our mission and values
5
Governance
6
Corporate responsibility
7
Business model and…
8
... value chain
9
Breakdown of revenue and the workforce
10
Strategy and Ambitions
11
Risk Management
12
Financial performance
13
Dialogue with investors
14
Contacts
15
1. Business overview and strategies
17
1. Sopra Steria Group at a glance
18
2. History of Sopra Steria Group
19
3. Digital services market
20
3.1. Main markets – Competitive environment of the digital services sector
20
4. Sopra Steria’s activities
21
4.1. A major European player in digital transformation
21
4.2. Business expertise at the heart of our strategy
24
4.3. Research and Development in Solutions
26
5. Strategy and objectives
26
5.1. Corporate plan reaffirmed despite the Covid-19 crisis
26
5.2. Strong and original positioning in Europe
26
5.3. Confirmed objectives and priority action areas
27
5.4. Medium-term strategic objectives
29
6. 2020 Full-year results
29
6.1. Comments on 2020 performance
29
6.2. Comments on the components of net profit attributable to the Group and Financial position at 31 December 2020
30
6.3. Proposed dividend in respect of financial year 2020
30
6.4. Workforce
30
6.5. Social and environmental footprint
30
6.6. Acquisition and external growth transactions
30
6.7. Infrastructure and technical facilities
31
6.8. Targets for 2021
31
7. Subsequent events
31
8. Simplified Group structure at 31 December 2020
32
9. Group organisation
33
9.1. Permanent structure
33
9.2. Temporary structures for specific deals and projects
34
2. Risk factors and internal control
35
1. Risk factors
36
1.1. Risk identification and assessment
36
1.2. Summary overview of risk factors
36
1.3. Detailed presentation of risk factors
37
2. Insurance
43
3. Internal control and risk management
44
3.1. Objectives and framework for the internal control and risk management system
44
3.2. Scope
44
3.3. Components of the internal control and risk management system
44
3.4. Participants in internal control and risk management
46
3.5. Assessment and continuous improvement process
48
4. Procedures relating to the preparation and processing of accounting and financial information
49
4.1. Coordination of the accounting and financial function
49
4.2. Preparation of the published accounting and financial information
49
3. Corporate governance
51
1. Organisation and operation of governance
52
1.1. Executive company officers
52
1.2. Board of Directors
54
1.3. Preparation and organisation of the work of the Board of Directors
74
2. Compensation policy
81
2.1. Policy outline
81
2.2. Executive company officers
82
2.3. Board of Directors
84
3. Standardised presentation of compensation paid to company officers
85
3.1. AFEP-MEDEF Code tables
85
3.2. Fairness ratios
91
3.3. Result of the shareholder consultation on compensation paid to executive company officers (General Meeting of 9 June 2020)
95
4. Departures from the guidelines set forth in the AFEP-MEDEF Code
96
4. Corporate responsibility
97
Message from Chief Executive Officer
98
1. Sopra Steria: A committed and responsible Group, making a sustainable, human and enlightened contribution
99
1.1. Overview of the Group’s corporate responsibility strategy and governance
99
1.2. Major recognition
104
1.3. Overview of reporting scope
104
2. Social responsibility: A committed and responsible collective effort
106
2.1. 2020 context
106
2.2. Responsible employment challenges
106
2.3. Other labour-related information
113
3. Societal responsibility: Engaging all our stakeholders to build a positive future for all
115
3.1. Creating value for shareholders
115
3.2. Innovation and strategic partnerships
116
3.3. Responsible digital technology
118
3.4. Responsible purchasing
119
3.5. Community and patronage
120
3.6. Regional impact
121
4. Environmental responsibility: Innovating all along our value chain
122
4.1. Environmental policy, strategy and targets
122
4.2. Environmental challenges: opportunities for the Group
123
4.3. Environmental impact and performance
124
4.4. Future outlook
131
4.5. Environmental reporting
131
4.6. Compliance and assurance in relation to environmental reporting
131
5. Ethics and compliance
132
5.1. Governance and organisation
132
5.2. Policies and procedures
132
5.3. Measures to prevent and combat corruption
133
5.4. Tax regulations and transparency - Fight against tax evasion
133
5.5. Data protection
134
5.6. Duty of vigilance and vigilance plan
134
6. SDG/GRI/TCFD-CDSB cross-reference table
137
7. Annex: Social and environmental indicators
141
7.1. Summary of social indicators
141
7.2. Summary of environmental indicators
148
8. Report by the independent third party on the consolidated statement of non-financial performance presented in the management report
153
5. 2020 Consolidated Financial Statements
157
Consolidated statement of net income
158
Consolidated statement of comprehensive income
159
Consolidated statement of financial position
160
Consolidated statement of changes in equity
161
Consolidated cash flow statement
162
Notes to the consolidated financial statements
163
Statutory Auditors’ report on the consolidated financial statements
224
6. 2020 Parent Company Financial Statements
229
Income statement
230
Balance sheet
231
Cash flow statement
232
1. Company description
233
2. Significant events
233
2.1. Impact of the Covid-19 crisis
233
2.2. Impact of the cyberattack
233
2.3. Acquisition of the Sodifrance group
233
3. Accounting policies
234
4. Notes to the income statement
234
4.1. Operating income
234
4.2. Staff costs and employee benefits
236
4.3. Financial items
237
4.4. Exceptional items
238
4.5. Corporate income tax
238
5. Notes to the balance sheet
240
5.1. Non-current assets
240
5.2. Other assets
244
5.3. Equity
246
5.4. Provisions for contingencies and losses
246
5.5. Other liabilities
248
5.6. Maturities of receivables and payables at the balance sheet date
252
6. Other information
254
6.1. Information on finance leases
254
6.2. Off-balance sheet commitments
254
6.3. Exceptional events and legal disputes
255
6.4. Subsequent events
255
6.5. Summary for the last five financial years
256
6.6. Maturity schedule of trade payables and receivables
257
Statutory Auditors’ report on the parent company financial statements
258
Statutory Auditors’ special report on related-party agreements
262
7. Share ownership structure
265
1. General information
266
2. Share ownership structure
267
3. Employee share ownership
268
4. Voting rights
268
5. Threshold crossings
268
6. Shareholders’ agreements
269
7. Control
269
7.1. Breakdown of voting rights
269
7.2. Members of the Board of Directors
269
7.3. Measures to govern the control exercised by Sopra GMT
270
8. Share buyback programme
270
8.1. Implementation of the share buyback programme in 2020
270
8.2. Description of the 2021 share buyback programme
270
9. Changes in share capital
272
10. Securities giving access to the share capital – Potential dilution
272
11. Information on transactions in securities by Directors or persons mentioned in Article L. 621-18-2 of the French Monetary and Financial Code
273
12. Authorisations to issue securities granted to the Board of Directors at the Combined General Meetings of 12 June 2018 and 9 June 2020
273
12.1. Issue with pre-emptive subscription rights
273
12.2. Issue without pre-emptive subscription rights
274
12.3. Authorisations for issues reserved for employees and company officers without pre-emptive subscription rights
274
13. Information required by Article L. 22-10-11 of the French Commercial Code relating to public tender or exchange offers
274
14. Monthly share prices and trading volumes on Euronext Paris
275
15. Share price performance
276
16. Dividend per share
276
8. Additional information
277
1. Articles of Association
278
1.1. Board of Directors
278
1.2. Executive Management
281
1.3. General Meetings
282
2. Person responsible for the Universal Registration Document and information on the auditing of the Company’s financial statements
285
2.1. Person responsible for the Universal Registration Document
285
2.2. Information relating to the Statutory Auditors
285
3. Provisional reporting timetable
285
4. Regulatory disclosures in 2020
286
5. Documents available to the public
287
9. General Meeting
289
1. Agenda
290
Requiring the approval of the Ordinary General Meeting
290
Requiring the approval of the Extraordinary General Meeting
290
Requiring the approval of the Ordinary General Meeting
290
2. Summary of resolutions
291
2.1. Ordinary General Meeting
291
2.2. Extraordinary General Meeting
294
2.3. Ordinary General Meeting
295
3. Proposed resolutions
295
Requiring the approval of the Ordinary General Meeting
295
Requiring the approval of the Extraordinary General Meeting
298
4. Special report of the Board of Directors
301
Statement by the person responsible of the Universal Registration Document
302
Index
303
Glossary
307
Acronyms
307
Alternative performance indicators
307
Corporate responsibility
308
Cross-reference table
309
Cross-reference tables for the Management Report
312
Report on corporate governance
314
Cross-reference table for the Annual Financial Report
316
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