Sopra Steria - 2020 Universal registration document

Integrated presentation of Sopra Steria1
Message from the Chairman2
Key figures for 20203
History and corporate plan4
Our mission and values5
Corporate responsibility7
Business model and…8
... value chain9
Breakdown of revenue and the workforce10
Strategy and Ambitions11
Risk Management12
Financial performance13
Dialogue with investors14
1. Business overview and strategies17
1. Sopra Steria Group at a glance18
2. History of Sopra Steria Group19
3. Digital services market20
3.1. Main markets – Competitive environment of the digital services sector20
4. Sopra Steria’s activities21
4.1. A major European player in digital transformation21
4.2. Business expertise at the heart of our strategy24
4.3. Research and Development in Solutions26
5. Strategy and objectives26
5.1. Corporate plan reaffirmed despite the Covid-19 crisis26
5.2. Strong and original positioning in Europe26
5.3. Confirmed objectives and priority action areas27
5.4. Medium-term strategic objectives29
6. 2020 Full-year results29
6.1. Comments on 2020 performance29
6.2. Comments on the components of net profit attributable to the Group and Financial position at 31 December 202030
6.3. Proposed dividend in respect of financial year 202030
6.4. Workforce30
6.5. Social and environmental footprint30
6.6. Acquisition and external growth transactions30
6.7. Infrastructure and technical facilities31
6.8. Targets for 202131
7. Subsequent events31
8. Simplified Group structure at 31 December 202032
9. Group organisation33
9.1. Permanent structure33
9.2. Temporary structures for specific deals and projects34
2. Risk factors and internal control35
1. Risk factors36
1.1. Risk identification and assessment36
1.2. Summary overview of risk factors36
1.3. Detailed presentation of risk factors37
2. Insurance43
3. Internal control and risk management44
3.1. Objectives and framework for the internal control and risk management system44
3.2. Scope44
3.3. Components of the internal control and risk management system44
3.4. Participants in internal control and risk management46
3.5. Assessment and continuous improvement process48
4. Procedures relating to the preparation and processing of accounting and financial information49
4.1. Coordination of the accounting and financial function49
4.2. Preparation of the published accounting and financial information49
3. Corporate governance51
1. Organisation and operation of governance52
1.1. Executive company officers52
1.2. Board of Directors54
1.3. Preparation and organisation of the work of the Board of Directors74
2. Compensation policy81
2.1. Policy outline81
2.2. Executive company officers82
2.3. Board of Directors84
3. Standardised presentation of compensation paid to company officers85
3.1. AFEP-MEDEF Code tables85
3.2. Fairness ratios91
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 Code96
4. Corporate responsibility97
Message from Chief Executive Officer98
1. Sopra Steria: A committed and responsible Group, making a sustainable, human and enlightened contribution99
1.1. Overview of the Group’s corporate responsibility strategy and governance99
1.2. Major recognition104
1.3. Overview of reporting scope104
2. Social responsibility: A committed and responsible collective effort106
2.1. 2020 context106
2.2. Responsible employment challenges106
2.3. Other labour-related information113
3. Societal responsibility: Engaging all our stakeholders to build a positive future for all115
3.1. Creating value for shareholders115
3.2. Innovation and strategic partnerships116
3.3. Responsible digital technology118
3.4. Responsible purchasing119
3.5. Community and patronage120
3.6. Regional impact121
4. Environmental responsibility: Innovating all along our value chain122
4.1. Environmental policy, strategy and targets122
4.2. Environmental challenges: opportunities for the Group123
4.3. Environmental impact and performance124
4.4. Future outlook131
4.5. Environmental reporting131
4.6. Compliance and assurance in relation to environmental reporting131
5. Ethics and compliance132
5.1. Governance and organisation132
5.2. Policies and procedures132
5.3. Measures to prevent and combat corruption133
5.4. Tax regulations and transparency - Fight against tax evasion133
5.5. Data protection134
5.6. Duty of vigilance and vigilance plan134
6. SDG/GRI/TCFD-CDSB cross-reference table137
7. Annex: Social and environmental indicators141
7.1. Summary of social indicators141
7.2. Summary of environmental indicators148
8. Report by the independent third party on the consolidated statement of non-financial performance presented in the management report153
5. 2020 Consolidated Financial Statements157
Consolidated statement of net income158
Consolidated statement of comprehensive income159
Consolidated statement of financial position160
Consolidated statement of changes in equity161
Consolidated cash flow statement162
Notes to the consolidated financial statements163
Statutory Auditors’ report on the consolidated financial statements224
6. 2020 Parent Company Financial Statements229
Income statement230
Balance sheet231
Cash flow statement232
1. Company description233
2. Significant events233
2.1. Impact of the Covid-19 crisis233
2.2. Impact of the cyberattack233
2.3. Acquisition of the Sodifrance group233
3. Accounting policies234
4. Notes to the income statement234
4.1. Operating income234
4.2. Staff costs and employee benefits236
4.3. Financial items237
4.4. Exceptional items238
4.5. Corporate income tax238
5. Notes to the balance sheet240
5.1. Non-current assets240
5.2. Other assets244
5.3. Equity246
5.4. Provisions for contingencies and losses246
5.5. Other liabilities248
5.6. Maturities of receivables and payables at the balance sheet date252
6. Other information254
6.1. Information on finance leases254
6.2. Off-balance sheet commitments254
6.3. Exceptional events and legal disputes255
6.4. Subsequent events255
6.5. Summary for the last five financial years256
6.6. Maturity schedule of trade payables and receivables257
Statutory Auditors’ report on the parent company financial statements258
Statutory Auditors’ special report on related-party agreements262
7. Share ownership structure265
1. General information266
2. Share ownership structure267
3. Employee share ownership268
4. Voting rights268
5. Threshold crossings268
6. Shareholders’ agreements269
7. Control269
7.1. Breakdown of voting rights269
7.2. Members of the Board of Directors269
7.3. Measures to govern the control exercised by Sopra GMT270
8. Share buyback programme270
8.1. Implementation of the share buyback programme in 2020270
8.2. Description of the 2021 share buyback programme270
9. Changes in share capital272
10. Securities giving access to the share capital – Potential dilution272
11. Information on transactions in securities by Directors or persons mentioned in Article L. 621-18-2 of the French Monetary and Financial Code273
12. Authorisations to issue securities granted to the Board of Directors at the Combined General Meetings of 12 June 2018 and 9 June 2020273
12.1. Issue with pre-emptive subscription rights273
12.2. Issue without pre-emptive subscription rights274
12.3. Authorisations for issues reserved for employees and company officers without pre-emptive subscription rights274
13. Information required by Article L. 22-10-11 of the French Commercial Code relating to public tender or exchange offers274
14. Monthly share prices and trading volumes on Euronext Paris275
15. Share price performance276
16. Dividend per share276
8. Additional information277
1. Articles of Association278
1.1. Board of Directors278
1.2. Executive Management281
1.3. General Meetings282
2. Person responsible for the Universal Registration Document and information on the auditing of the Company’s financial statements285
2.1. Person responsible for the Universal Registration Document285
2.2. Information relating to the Statutory Auditors285
3. Provisional reporting timetable285
4. Regulatory disclosures in 2020286
5. Documents available to the public287
9. General Meeting289
1. Agenda290
Requiring the approval of the Ordinary General Meeting290
Requiring the approval of the Extraordinary General Meeting290
Requiring the approval of the Ordinary General Meeting290
2. Summary of resolutions291
2.1. Ordinary General Meeting291
2.2. Extraordinary General Meeting294
2.3. Ordinary General Meeting295
3. Proposed resolutions295
Requiring the approval of the Ordinary General Meeting295
Requiring the approval of the Extraordinary General Meeting298
4. Special report of the Board of Directors301
Statement by the person responsible of the Universal Registration Document302
Alternative performance indicators307
Corporate responsibility308
Cross-reference table309
Cross-reference tables for the Management Report312
Report on corporate governance314
Cross-reference table for the Annual Financial Report316

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