Disclosure of compensation of executive company officers in accordance with the recommendations of the AFEP-MEDEF Code

At its meeting on 15 March 2023, the Board of Directors approved the following targets related to the annual variable compensation of the Chief Executive Officer, Cyril Malargé, in respect of financial year 2023:

Criterion Consolidated operating margin on business activity

  • Type quantifiable
  • Potential amount as % of AVC [1]: 50.0%
  • Potential amount as % of AFC[2]: 30.0%
  • Potential amount in €: 150,000 €
  • Threshold: n.c.
  • Target: n.c.

Criterion Consolidated revenue growth

  • Type quantifiable
  • Potential amount as % of AVC [1]: 10.0%
  • Potential amount as % of AFC[2]: 6.0%
  • Potential amount in €: 30,000 €
  • Threshold: n.c.
  • Target: n.c.
Criterion Reduction in direct GHG emissions per employee (SBTi III)
(tCO2e)
  • Type quantifiable
  • Potential amount as % of AVC [1]: 5.0%
  • Potential amount as % of AFC[2]: 3.0%
  • Potential amount in €: 15,000 €
  • Threshold: 0,74
  • Target: 0,69
Criterion Proportion of women in senior management positions at the Group

(% women in the two highest echelons of the organisation)

  • Type quantifiable
  • Potential amount as % of AVC [1]: 5.0%
  • Potential amount as % of AFC[2]: 3.0%
  • Potential amount in €: 15,000 €
  • Threshold: 19.0%
  • Target: 20.0%

Criterion Qualitative target related to the requirements of the strategic plan and operational organisation

  • Type qualitative
  • Potential amount as % of AVC [1]: 30.0%
  • Potential amount as % of AFC[2]: 18.0%
  • Potential amount in €: 90,000 €

Total

  • Potential amount as % of AVC [1]: 100.0%
  • Potential amount as % of AFC[2]: 60.0% € 
  • Potential amount in € : € 300,000
[1] AVC: Annual variable compensation
[2] AFC: Annual fixed compensation

The targets based on quantifiable criteria were set in line with the targets announced or confirmed to the market in the presentation of full-year results. The quantifiable criteria (70% of AVC) are aimed at continuing to improve profitability and taking into account the social and environmental priorities of the Group’s business activities. The specific amounts of financial quantifiable targets are not made public for confidentiality reasons and so as not to interfere with financial communications.

The qualitative criterion (30% of AVC) relates to how operational management intersects with the strategic plan, and to the strengthening of the Group's organization.