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MESSAGE FROM JEAN-DOMINIQUE SENARD
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2 |
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MESSAGE FROM LUCA DE MEO
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4 |
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GOVERNANCE AND BOARD OF MANAGEMENT
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6 |
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BUSINESS MODEL
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8 |
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STRATEGIC PLAN
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10 |
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FOUR BRANDS, 4 PROPOSITIONS
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12 |
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KEY FIGURES
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14 |
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1. GROUPE RENAULT
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17 |
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1.1 OVERVIEW OF RENAULT AND THE GROUP
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18 |
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1.1.1 Management bodies as at March 1, 2021
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18 |
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1.1.2 Key figures
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19 |
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1.1.3 The Group’s main activities and strategy
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21 |
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1.1.4 Sales financing
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53 |
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1.1.5 Mobility services
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57 |
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1.1.6 Main Group subsidiaries and detailed organization chart
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58 |
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1.1.7 History of the Group
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62 |
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1.2 THE ALLIANCE
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64 |
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1.2.1 Overview
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64 |
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1.2.2 History
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64 |
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1.2.3 Functioning of the Alliance in 2020
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65 |
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1.2.4 Strategic cooperations
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68 |
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1.2.5 Nissan 2020 results
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70 |
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1.3 EARNINGS REPORT – 2020
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71 |
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In brief
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71 |
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1.3.1 Sales performance
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73 |
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1.3.2 Financial results
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78 |
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1.4 RESEARCH AND DEVELOPMENT
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83 |
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1.4.1 The car of the future
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83 |
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1.4.2 New products in 2020 and 2021 and their innovations
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89 |
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1.4.3 Performance levers
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92 |
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1.4.4 R&D: a unified international organization
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94 |
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1.5 INTERNAL CONTROL AND RISK MANAGEMENT
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95 |
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1.5.1 Group internal control and risk management system
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95 |
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1.5.2 Groupe Renault risk factors
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101 |
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1.6 REGULATORY ENVIRONMENT
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115 |
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1.6.1 Vehicle manufacturing regulations
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115 |
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1.6.2 Environmental regulations
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118 |
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1.6.3 European regulations applicable to the distribution of new vehicles and spare parts
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121 |
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1.6.4 Community design regulations
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121 |
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1.6.5 Banking regulations
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122 |
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1.7 POST-BALANCE SHEET EVENTS
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123 |
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2. GROUPE RENAULT: A COMPANY THAT ACTS RESPONSIBLY
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125 |
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2.1 CREATING SHARED VALUES THAT RESPECT SOCIETY AND THE ENVIRONMENT
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126 |
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2.1.1 A strong CSR commitment
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126 |
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2.1.2 CSR governance
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128 |
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2.1.3 Guidelines and standards
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128 |
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2.1.4 Permanent dialog with our stakeholders (EFPD14c)
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134 |
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2.1.5 Vigilance plan
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138 |
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2.1.6 Extra-Financial Performance Declaration
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139 |
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2.1.7 Our action in response to the COVID-19 crisis
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146 |
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2.2 OUR ENVIRONMENTAL COMMITMENT
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149 |
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2.2.1 The ecological challenges
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149 |
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2.2.2 Company-wide environmental management (EFPD7a)
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150 |
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2.2.3 Environmental impacts: actions and indicators
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160 |
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2.3 OUR SOCIETAL COMMITMENT
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186 |
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2.3.1 Imagining and designing tomorrow's sustainable mobility
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186 |
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2.3.2 Commitment to road safety
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191 |
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2.3.3 Plants that are transforming
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195 |
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2.3.4 A global network of CSR correspondents
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196 |
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2.4 OUR SOCIAL COMMITMENT
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198 |
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2.4.1 Promoting diversity, development and employee commitment
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198 |
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2.4.2 Health, safety, ergonomy and the environment (HSEE) (EFPD3)
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214 |
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2.4.3 Handing on knowledge for the future
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221 |
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2.4.4 Contributing to the development and vitality of the regions (EFPD14c)
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223 |
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2.4.5 Making mobility as widely accessible as possible
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225 |
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2.4.6 Renault Corporate Foundation
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228 |
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2.5 ETHICS AND GOVERNANCE
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229 |
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2.5.1 Business ethics: ethics and compliance policy
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229 |
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2.5.2 Strengthening the responsible purchasing approach in the supply chain (EFPD15a - EFPD15b)
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231 |
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2.5.3 Tax policy (EFPD15c)
|
234 |
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2.5.4 Cybersecurity and data protection
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234 |
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2.5.5 Lobbying activities
|
235 |
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2.6 APPENDICES
|
236 |
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2.6.1 Environmental appendices
|
236 |
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2.6.2 Appendices concerning social commitment
|
245 |
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2.6.3 Appendices concerning societal commitments
|
248 |
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2.6.4 Sustainability Accounting Standards Board (SASB) Index
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249 |
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2.6.5 Extra-financial ratings and indexes
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250 |
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2.6.6 Report by one of the statutory auditors, appointed as independent third party, on the consolidated non-financial statement
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252 |
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3. CORPORATE GOVERNANCE
|
257 |
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REPORT ON CORPORATE GOVERNANCE
|
258 |
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3.1 COMPOSITION, PREPARATION AND ORGANIZATION OF THE BOARD OF DIRECTORS
|
258 |
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3.1.1 Governance structure
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258 |
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3.1.2 Composition of the Board of Directors
|
262 |
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3.1.3 List of offices and functions exercised by the directors
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268 |
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3.1.4 Additional information about the directors
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284 |
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3.1.5 Board organization, operation and missions
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285 |
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3.1.6 Activity of the specialized committees of the Board of Directors in 2020
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292 |
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3.1.7 Evaluation of the Board of Directors
|
300 |
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3.1.8 Implementation of the “comply or explain” rule
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301 |
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3.1.9 Assessment procedure for current agreements concluded under arm’s length terms
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302 |
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3.1.10 Procedures for shareholders’ participation in the Annual General Meeting
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302 |
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3.1.11 Factors likely to have an effect in the event of a public offer
|
302 |
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3.1.12 Summary table of ongoing delegations in respect of capital increases
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302 |
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3.2 COMPENSATION OF DIRECTORS AND CORPORATE OFFICERS
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303 |
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3.2.1 General principles relating to the compensation of the corporate officers
|
303 |
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3.2.2 Compensation of the directors and corporate officers in 2020
|
305 |
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3.2.3 Comparison of compensation levels between corporate officers and employees
|
320 |
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3.2.4 Compensation policies for the directors and corporate officers for the 2021 financial year
|
322 |
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3.2.5 Compensation of senior executives: performance shares
|
328 |
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3.3 INFORMATION CONCERNING SECURITIES TRANSACTIONS
|
331 |
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4. FINANCIAL STATEMENTS
|
333 |
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4.1 STATUTORY AUDITORS’ REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS
|
334 |
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4.2 CONSOLIDATED FINANCIAL STATEMENTS
|
338 |
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4.2.1 Consolidated income statement
|
338 |
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4.2.2 Consolidated comprehensive income
|
339 |
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4.2.3 Consolidated financial position
|
340 |
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4.2.4 Changes in consolidated shareholders’ equity
|
342 |
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4.2.5 Consolidated cash flows
|
343 |
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4.2.6 Notes to the consolidated financial statements
|
344 |
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4.3 STATUTORY AUDITORS’ REPORTS
|
416 |
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4.3.1 Statutory auditors’ report on the annual financial statements
|
416 |
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4.3.2 Statutory auditors’ special report on related-party agreements
|
420 |
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4.4 RENAULT SA ANNUAL FINANCIAL STATEMENTS
|
423 |
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4.4.1 Summary financial statements
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423 |
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4.4.2 Notes to the annual financial statements
|
425 |
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5. RENAULT AND ITS SHAREHOLDERS
|
441 |
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5.1 GENERAL INFORMATION
|
442 |
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5.1.1 Overview
|
442 |
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5.1.2 Special provisions of the articles of association
|
442 |
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5.2 GENERAL INFORMATION RELATING TO RENAULT’S SHARE CAPITAL
|
444 |
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5.2.1 Share capital
|
444 |
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5.2.2 Change in the share capital
|
444 |
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5.2.3 Changes in capital ownership during the past five years
|
444 |
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5.2.4 Unissued authorized share capital
|
444 |
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5.2.5 Potential share capital
|
445 |
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5.2.6 Renault share ownership
|
447 |
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5.3 MARKET FOR RENAULT SHARES
|
450 |
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5.3.1 Renault shares
|
450 |
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5.3.2 Renault and Diac participating shares (titres participatifs)
|
451 |
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5.3.3 Dividends
|
452 |
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5.4 INVESTOR RELATIONS POLICY
|
452 |
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5.4.1 Individual shareholders
|
452 |
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5.4.2 Institutional investors/socially responsible investors
|
452 |
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5.4.3 2021 financial calendar
|
453 |
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5.4.4 Contacts
|
453 |
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5.4.5 Public documents
|
453 |
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6. ANNUAL GENERAL MEETING OF RENAULT ON APRIL 23, 2021
|
455 |
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DRAFT RESOLUTIONS
|
456 |
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1 - Ordinary General Meeting
|
456 |
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2 - Extraordinary General Meeting
|
460 |
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3 - Ordinary General Meeting
|
461 |
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7. ADDITIONAL INFORMATION
|
463 |
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7.1 CERTIFICATION BY THE PERSON RESPONSIBLE FOR THE DOCUMENT
|
464 |
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7.2 HISTORICAL INFORMATION ON FINANCIAL YEARS 2018 AND 2019
|
465 |
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7.2.1 For financial year 2018
|
465 |
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7.2.2 For financial year 2019
|
465 |
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7.3 STATUTORY AUDITORS
|
466 |
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7.3.1 Statutory auditors’ fees
|
467 |
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7.4 CROSS-REFERENCE TABLES
|
468 |
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7.4.1 Headings required by Annex 1 of regulation (EU) no. 2019/980
|
468 |
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7.4.2 Cross-reference table for the management report and the report on corporate governance
|
471 |
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7.4.3 Cross-reference table of the annual financial report
|
474 |
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GLOSSARY
|
475 |
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INITIALS AND ACRONYMS
|
478 |