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ESGBERT 25

A specific Board training session also took place, which included discussion on the Board’s role in establishing culture.

Our offices have video conference facilities which are used extensively for client meetings to reduce travel for us and our clients.

Significant environmental issues.

We are committed to maintaining and enhancing our reputation for responsible business practices and will continue to promote our standards in line with our Business Principles.

We create and maintain a positive, healthy and safe working environment that promotes diversity, inclusion and respect.

The firm's mandatory all-employee training, which was introduced for Board members in Q4 2021, included sessions on Customer Vulnerability.

Engaging with stakeholders (including Shareholders) will allow the Company to make the most of their contributions, ensure that the Company fulfils its obligations and build long-term value for all stakeholders.

"The United Nations Global Compact" ("UNGC") and "The Principles for Responsible Investment" ("PRI") are examples of initiatives that have been adopted by several companies, including SCOR SE.

We have adopted a Group-wide policy on equal opportunities.

The company has an active programme to promote sustainable consumption and production.

We carry out comprehensive background checks on all new employees and regularly review their behaviour during the course of their employment.

The environmental requirements applicable to the Group's production process are set out in the environmental permits applicable to the individual production sites.

The initial remuneration for the Group Managing Director is competitive in the current market, and the total remuneration takes into account the Group’s current business development and financial position.

The Board is committed to continuing this trend, demonstrated through its substantial support for the introduction of a number of new policies and programmes.

The results are presented to the Supervisory Board, the Management Board and the Executive Committee for review.

The Board is responsible for the Company's strategic direction and risk management.

The Group is committed to protecting biodiversity through its sustainable development policies and initiatives.

At year-end, the Group employed 11,045 people, including 7,749 in France.

The review of the audit plan includes a detailed review of the risk profile, including the risk assessment performed by the Company’s internal control function.

The principal aim of our Corporate Governance framework is to ensure that the highest standards of corporate governance are maintained.

The Company is committed to foster and maintain an environment that is free from discrimination, harassment, bullying and victimisation.

We are committed to integrating ESG factors into the investment process, and are working on a new ESG framework.

Changes in the company's ownership and control structure were also considered.

The company is committed to maintaining an effective system of internal controls, including policies and procedures designed to ensure compliance with all applicable laws and regulations.

This position is not remunerated, but is a key management function, reporting directly to the Board, with the mandate to promote good corporate governance, enhance risk management and safeguard the interests of the Shareholders.

However, we are cognisant of the need to encourage good corporate governance and sustainable business practices and, if necessary, vote for changes to board composition where this is not the case.

We are introducing LEED v4 and we will achieve our first project certification in 2017.

We have not established sufficient internal control over our financial reporting to comply with the requirements of the Sarbanes-Oxley Act of 2002.

The Board of Directors of the Company consists of eight directors.

The Group has also implemented a code of conduct for its employees.

A chart on page 18 shows the results of an analysis of social media and news articles.

The company was founded in 1846 as a manufacturer of surgical instruments and was the first major medical equipment supplier to require sales representatives to have graduated from a medical college.

In the year ended 31 December 2016, the Company's total investment income amounted to $8.8 billion.

We also provide access to external services, including health and well-being, financial services and training.

Our employees are the most important aspect of our business.

The Board has recently reviewed the Group's policies and guidelines on whistleblowing and harassment.

The Company has implemented a clear set of rules to ensure that no improper payments are made to any public official or third party.

We are committed to promoting a safe and healthy working environment, where employees are treated fairly and with respect, and where they can reach their full potential.

As of December 31, 2013, the Company's Board of Directors consisted of seven members: two executive directors, two general directors, two independent non-executive directors and one employee representative.

The Company considers that the purpose of the audit is to provide an independent opinion as to whether the financial statements of the Company give a true and fair view of the state of the Company's affairs.

The main objective of the new policy is to reduce our CO2 emissions and better integrate the social, environmental and economic aspects in our activities.

The turnover of the company increased by 4.1% to € 67.7 billion.

We are committed to promoting gender diversity in the workplace and our management team consists of over 50% women.

The Group's recruitment policy aims to promote, wherever possible, applications from women, whenever there are vacancies, and particularly for investment roles.

If any such election is not made by the due date, the executive must defer the compensation and benefits received during the prior year and make a section 83(b) election within 30 days after the due date.

In the social sphere, our focus on the world in which we operate, both locally and globally, involves us in building lasting relationships with partners who share our vision.

We are also committed to realizing our market leadership in "Sustainable Corporate Social Responsibility" ("CSR") activities.

We have formal processes of training and accreditation to advance and motivate our employees in order to support the continuity of our client engagement business model.

We have a strong commitment to "Doing the Right Thing" and fostering a culture of integrity and compliance.

The operating company will provide a comprehensive information and communication strategy to ensure that the Group's stakeholders are kept fully informed of the Group's activities and performance.

The Company will support the local community through the activities of its staff and the support of local non-profit organisations.

We also hold that a focus on long-term performance, whether for an individual or for a company, is the only rational strategy.

Our Board of Directors has established a Risk Committee, which meets regularly to review the risk profile of the Company and to oversee the risk management of the Company.

The decision-making process is a continuous process which draws on the experience of all members of the Executive Committee.

The Company also strives to maximize the benefits from its participation in the Dow Jones Sustainability Index (DJSI) by using the positive influence of the DJSI as an investment marketing tool.

The Board is responsible for ensuring that the Company is managed in a sound, efficient and ethical manner and that the interests of shareholders are properly protected.

The Board has an active social responsibility policy and an Employee Forum.

The Company is committed to conducting its business activities in a responsible manner, in accordance with applicable laws and regulations and in an environmentally, socially and economically responsible manner.

The Inclusion Council is the Group's advisory body on inclusion and diversity.

The Board is comprised of seven members, including the Chairman and six non-executive Directors.

We also have an active lending policy to support the local economy.

The Group's remuneration policies and practices do not encourage excessive risk-taking.

In addition, the Group supports the development of young talent in the area of music.

The firm is committed to transparency and the sharing of information with clients, and this is reflected in the firm's publications and communications.

The Group will continue to develop and implement an employee assistance programme to support the personal development and well-being of employees.

We have a strong commitment to the conservation of natural resources, water and energy.

The Group is currently involved in a number of initiatives to make its business more environmentally sustainable, including reducing its use of paper in favour of more environmentally friendly media.

We have a strong commitment to improving our social and environmental performance and this is reflected in our Corporate Governance Statement on our website.

The Group's risk management policy is designed to ensure that any risks that arise are identified and assessed in a timely manner and that appropriate controls are in place.

We are committed to building a sustainable business that delivers long-term value for all our stakeholders.

As part of the company's governance process, an annual report on the company's social and environmental performance is published.

The governance framework will be based on clearly defined and transparent principles.

Our company has no debt and has no plans to borrow any money.

The Company's remuneration policy is designed to be consistent with the Company's overall strategy in order to attract and retain the skills and talents required to drive the business forward.

This applies to all BlackRock funds, funds of funds and third party discretionary managed accounts.

The Company is committed to providing a safe and healthy working environment for its employees and contractors.

In addition, the Board has introduced a policy to ensure that the financial and social performance of each of the Group's service lines and regions is reported in the report.

The Group's overall strategy is aimed at reducing its environmental footprint and to achieve this, the Group is committed to reducing its emissions by 20% compared to 2006.

We will continue to actively work with all stakeholders to contribute to the eradication of malaria in the country.

We have also introduced a Whistleblowing and Ethics programme for employees, which has been designed to encourage honesty and respect for our policies.

Transparency on environmental, social and governance issues is a key element of communication with our stakeholders.

The Company and its directors are committed to the highest standards of corporate governance, ethical conduct and compliance with all laws and regulations.

Ethical and values-based behavior are not only a means to an end but are also the end in themselves.

The Group has committed to instilling a culture of integrity and complying with the highest ethical standards through a combination of internal controls and business-led initiatives.

CSR Corporate Social Responsibility (CSR) is a concept whereby businesses recognise their responsibility to their stakeholders and the wider community, and take action to address the needs of society and the environment.

Our strategy of social engagement is designed to support our business priorities, reduce environmental impact and enhance our reputation.

The Board has established a remuneration committee that has reviewed and approved the remuneration arrangements for the Executive Directors and their independence from the Company and its subsidiaries.

The Company's significant subsidiaries include the Corporate Centre, a 60% subsidiary established for the purpose of managing the group's worldwide group-wide corporate and administrative operations.

It has been a difficult period for the Group. However, we are confident that the actions taken on the following key priorities will drive growth in the near term and place the Group on a stable footing for the future.

In 2017, the Group reduced its water consumption by 5% compared to 2016.

We are committed to being a provider of choice for our clients in the markets in which we operate.

The Board, the Executive Management and the Group's employees are committed to promoting and maintaining high standards of business conduct and ethics.

The report provides detailed data on areas such as the number of visits per week, the number of customers served and the number of items on the menu.

The availability of the appropriate skills in the market is assessed to ensure that internal resources can meet project requirements.

The Board has established a remuneration committee which is responsible for establishing the remuneration of the executive directors and the other key management personnel.

The Board has a policy of encouraging diversity on the Board.

We pride ourselves on providing a safe working environment for our employees.

In accordance with French law, we have verified that the required information concerning the purchase of investments and controlling interests and the identity of the shareholders or holders of the voting rights has been properly disclosed in the management report.

The Group has a commitment to a safe and healthy working environment, and to ensuring that its employees are aware of the risks associated with their work and how to avoid them.

We believe that a pipeline of future low-carbon energy sources is essential to ensure that we mitigate the worst effects of climate change.