Our corporate social responsibility

Our goal: be an exemplary corporate citizen

To meet the expectations of our stakeholders, including employees, partners, customers, shareholders, suppliers and all the other communities in our ecosystem, Safran has made corporate social responsibility (CSR) an integral part of its growth strategy. Our CSR policy is grounded in six strategic priorities that are fully aligned with the Group’s global strategy, actions and commitments. Safran’s goal is to demonstrate exemplary social and environmental performance.

A l’issue des séances plénières, les participants ont été invités à revêtir des casquettes et T-shirts aux couleurs de l’identité visuelle de Safran (bleu, bleu clair, blanc) et à former ensemble l’emblème du logo Safran. L’événement s’est terminé par la visite d’une des plus belles collections d’aéronefs au monde, celle du Musée de l’Air et de l’Espace du Bourget, et par une soirée festive.

At Safran, we see corporate social responsibility as a source of growth and performance improvement. Our core commitments of innovating to protect the environment, striving for excellence in the protection of people and goods, valuing our employees, suppliers and partners, and affirming our values of integrity, are pursued with all internal and external stakeholders.

 

The six strategic priorities of Safran’s CSR policy

Safran’s CSR policy is based on six strategic priorities which were defined in 2012 according to the ISO 26000 standard:

the-six-strategic-priorities-of-safran

Safran’s corporate social responsibility policy encompasses all of the Group’s stakeholders: customers, shareholders, suppliers, employees, unions, community associations, government authorities and institutions, financial analysts and ratings agencies, consumers and the media. This policy is anchored in the ethical values that form the basis of our corporate culture and are shared across the Group: responsible corporate citizenship, people development and recognition, meeting commitments, and the power of teamwork.

 

A structured approach

To ensure that behavior is consistent with our ethics and values, Safran’s corporate social responsibility policy is organized and shared across our global organization:

  • CSR sponsor at Safran Corporate Management and on the Executive Committee.
  • CSR authority (Diversity and CSR Manager)
  • CSR steering committee (representing all departments concerned).
  • CSR correspondents at each Group company worldwide.

 

Companies are no longer judged solely on their economic performance or product quality but also on their ethical behavior and social commitments.

Stéphane Abrial, Deputy Chief Executive Officer, Corporate Office.

Underscoring our integrity-based approach, in 2013 Safran signed the United Nations Global Compact, proof of our commitment to uphold the universal principles of human rights, labor standards, environmental protection and the fight against corruption

85
persons monitor our trade compliance and ethics
Safran is the
1st
company in the CAC 40 stock market index to earn the anti-corruption label from ADIT

Ethics

Our ethical principles

Safran is driven by the values and ethics shared by all of our employees. We conduct our business in compliance with the highest standards of honesty, integrity and professional behavior. Through this approach, we strive to be worthy of the trust placed in us by our customers, employees, shareholders, suppliers and all other stakeholders.

Nos valeurs

Our values

Safran's identity and image in the eyes of all stakeholders are based on seven core values.

Focus on customers

Customer satisfaction is our primary objective and the thread running through all actions. Our constant aim is to :

  • Listen to our customers, anticipate and understand their requirements, and meet them efficiently and in a timely manner.
  • Contribute to their success through actions which are tailored to their specific requirements.

Meeting commitments

Meeting commitments means leveraging our strengths to meet or exceed expected performance. Each and every employee must meet all commitments to customers and partners, whether internal or external, in line with Safran's ethical guidelines.

Innovation

We are a high-technology enterprise and our innovative and entrepreneurial mindset applies to all areas – products, services, support functions, etc. – at all levels. This value calls on everybody's creativity and reflects our personal and collective satisfaction in meeting challenges.

Responsiveness

It is absolutely imperative that Safran anticipate market requirements and quickly address them. Responsiveness means being mobile, undertaking the necessary reforms with determination, and knowing how to adapt to a changing environment.

The power of teamwork

We constantly develop our team spirit by sharing expertise and showing solidarity, throughout Safran and with our partners around the world. "The power of teamwork" is the watchword of our continuous improvement initiative.

People development and recognition

Fostering the development and recognition of Safran's people means creating the conditions for everyone to succeed, and recognizing the results they achieve. Our collective success depends on the quality of each person. We are also letting the world know that Safran is capable of developing its human potential.

Corporate citizenship

Known for our excellent products and services, Safran drives economic, social and cultural progress, and shares the fruits of these improvements. For example, we are committed to developing a culture based on prevention, to more efficiently manage all health, safety and environmental risks. We actively contribute to social inclusion and equal opportunity through a corporate policy that promotes the integration of underserved communities, and by promoting diversity throughout our organization.

At Safran, ethical excellence is not solely the result of moral considerations or having to comply with regulations. It depends on exemplary individual behavior under all conditions, in concert with all stakeholders.

Jean-Paul Herteman, Chairman and CEO of Safran

Ethical guidelines

In 2005, Safran introduced Ethical Guidelines defining the principles and standards common to the Group, to provide a shared reference for employees under all circumstances. These guidelines are not intended to replace or override current laws and regulations, but rather to provide reference points for everyone in their professional conduct. Safran naturally complies with all laws concerning the fight against corruption and export controls.

Upholding laws

Safran employees must uphold the laws in all countries where we operate. We are especially attentive to this point because understanding the applicable laws may be more difficult in cultural and legal environments very different from those where employees have worked in the past. If there is any doubt, employees should immediately ask their manager or the company’s legal department. Employees who work for a company jointly owned by Safran and another company must respect the laws of the host country, as well as the laws of countries where the company does business and where its shareholders are based. All of Safran’s employees should be guided by integrity, honesty and transparency in their professional conduct. Employees are expected to deal with customers, suppliers and business partners in the Group’s interest and in compliance with laws and regulations. All personnel must take particular care to uphold laws on competition, export and re-export controls, labor and employment, safety, health and environmental protection.

Appropriate business practices

Safran, its companies and employees will tolerate absolutely no form of corruption, whether active or passive, direct or indirect, for the benefit of players in the public or private sector. Group companies comply with all international agreements concerning the fight against corruption, as well as the anti-corruption laws applied in countries where we do business. The Group, its companies and employees, may never use a third party to perform any task that they are ethically or legally forbidden to do themselves. Engaging a third party for the purpose of bribing an individual or legal entity violates anti-corruption laws. Prior to entering into a contractual relationship with a business partner, the Group’s companies must undertake a methodical and fully traceable selection process.

Complying with export laws

As a global enterprise, Safran purchases goods and services from a diverse range of suppliers. The Group also provides goods and services to customers all over the world. It is therefore critical that Safran strictly comply with all applicable regulations that govern its export activities. Before engaging in any export activity, Safran employees must verify the eligibility of both the delivery location and the recipient. They must also obtain, when applicable, all required licenses and permits, including government authorizations and approvals for regulated products or technologies. These authorizations can be obtained from the relevant authority in conjunction with Safran’s export controls organization. Import activities are also subject to various laws and regulations, and it is the responsibility of Safran employees to comply with applicable standards. Any breach of these import and export regulations may have serious consequences for the Group. It is Safran’s responsibility to know and comply with the laws and regulations that apply to the Group’s activities.

Fair competition

Reflecting our full commitment to fair competition, Safran strictly complies with all competition laws in the countries where we do business. These laws generally prohibit agreements or practices that could restrain or undermine trade or competition. In particular, they ban price fixing, bid rigging, splitting markets, territories or clients between competitors, or boycotting or discriminating against certain customers or suppliers without legal justification. The discussion or disclosure of commercially sensitive information relating to competitors, customers or suppliers may also violate applicable laws.

Gifts and hospitality

Business courtesies, such as gifts and hospitality, given to or received from customers, suppliers and other partners are solely used to build brand image and maintain good business relationships. However, these courtesies must not exceed a nominal value and may not influence, or give the appearance of influencing, any business decision. Safran should always be guided by common sense, discretion and prudence in these situations. Business courtesies are prohibited by law under certain circumstances and in certain countries. Safran’s employees must comply with the applicable laws and regulations in each country where we do business.

Behavior towards customers

Each employee must uphold the principles of fairness and integrity in dealings with customers. Since Safran’s business largely concerns air transport safety, there can be absolutely no compromise. Any situation that seems questionable to an employee must be immediately reported to management or a Quality manager.

Shareholder relations

Safran ensures that all shareholders simultaneously and effectively receive, on a timely basis, complete, relevant and accurate information that is consistent with previously published information. We takes particular care to apply international corporate governance standards and recommendations.

Supplier relations

Safran selects suppliers on the basis of objective criteria and demands high performance to ensure that we can fully meet our expectations and those of our customers. Under no circumstances will Safran use suppliers that employ children or use forced labor. In 2010, Safran signed a charter governing relations between major contractors and small and medium-size enterprises (SME), under the auspices of the French Ministry of the Economy, Industry and Employment.

Integrity

Under no circumstances may employees damage Safran’s reputation or compromise the integrity of its assets or information systems. Paid work of any kind that employees may perform outside the scope of their employment with Safran must not cause conflicts of interest with their duties within the Group. From the same standpoint, considerable caution is required when purchasing shares, directly or via an intermediary, in companies doing business with Safran. These restrictions do not apply to listed companies, except if confidential information is used, which may be construed as insider trading.

Sustainable development

Protecting the environment is more than ever a vital concern of all Safran employees, starting with product design and development, and concerning the entire production process, as well as disposal at end of life.

Political and religious activities

Safran does not finance any political parties and any political activities must be performed outside the workplace and working hours. Any employee religious practices must be practiced exclusively outside the workplace and working hours, except in the case of a legal exemption.

Information protection

Employees must protect all information acquired in the course of or in connection with the performance of their duties. In particular, they must pay particular attention to complying with internal rules and requirements concerning both written and oral communications.

Protecting confidential information

In the course of their duties, all employees have access to confidential information, which represents a key asset for Safran. Confidential or classified information is considered sensitive, and must not be disclosed or communicated outside of the Group. Similarly, Safran employees may hold information concerning the national security of the country in which their company is located. They must therefore take special care to ensure that this information is not divulged to third parties. Any information that could influence the Safran share price must remain confidential, unless it has been published by Safran. Any use of this information for personal benefit would constitute insider trading and could expose the employee to both civil and criminal liability.

Respecting our people

Ensuring our people’s health and safety is a primary goal at Safran. We are an equal opportunity employer; hiring and promotion are solely based on professional qualities and results. We fully respect the dignity and private life of each employee. Furthermore, one of our core values is to create the conditions needed for all employees to be fulfilled in their chosen profession. All Safran companies comply with the personal data protection rules known as the “Binding Corporate Rules” (BCR), applicable to the processing and transfer of data outside of the European Union.

Compliance with Ethical Guidelines

Each employee is asked to read, understand and comply with Safran’s Ethical Guidelines. In the event of a question or any doubt regarding appropriate conduct, it is the responsibility of the employee to immediately contact a manager or the Legal Department. Each employee has a binding obligation to comply with these Ethical Guidelines.

Safran was the first company in the French stock market index CAC 40 to receive anti-corruption certification from the information technology agency ADIT.

Following an audit carried out from September 1 to December 15, 2012, on December 23, 2012 Safran was awarded anti-corruption certification by ADIT (Agence pour la Diffusion de l’Information Technologique). This certification was conducted on the basis of standards approved by the SCPC (Service Centrale de Prévention de la Corruption), an interministerial corruption prevention department reporting to the Minister of Justice.

The certification is valid until December 2015, and recognizes the effectiveness of the processes deployed by Safran and our efforts over the last few years to upgrade our rules and procedures to establish them on a par with best-in-class international standards.

The certification audit, carried out in compliance with current international standards (ISAE 3000, International Standards on Assurance Engagements), entailed an evaluation of Safran’s corporate culture and commitment to implementing the anti-corruption program (based on a clear policy and broadly circulated ethical guidelines, the deployment of Compliance Officers, an effective risk management policy, control and measurement activities to apply the program and wide circulation of relevant information both within the company and externally).

This certification will be applied to all Safran Tier-1 companies from now until 2017: Sagem and Morpho were certified in early 2014; Snecma and Turbomeca will be certified by the end of 2014; Messier-Bugatti-Dowty and Herakles in 2015; Labinal Power Systems and Techspace Aero in 2016; and Aircelle and Hispano-Suiza in 2017.

Trade compliance

Business transactions: regulatory compliance, transparency and responsibility

Safran has defined Group-wide requirements in terms of trade compliance. We deploy a network of Trade Compliance Officers, backed by comprehensive training, to ensure the strict application of these requirements. We are involved in a number of international initiatives, placing us in the front lines of the fight against corruption.

More than
5,000
employees
have received anti-corruption training.
FIRST
company
in the French stock market index CAC 40 to receive anti-corruption certification from ADIT.
85
staff members
monitor trade compliance and ethics.

Health, Safety, Environment

28
standards
in Safran’s HSE guidelines
40 %
decrease
in the lost time accident rate*
* Ratio of the number of accidents leading to more than 24 hours off work in relation to one million hours worked
In the last 40 years, the noise generated by single-aisle commercial jets has been reduced by
20
decibels

Diversity

For Safran, diversity drives performance and innovation. This conviction underpins our social model, which is the foundation of our corporate identity. It also provides a solid framework for our long-term actions designed to promote equal opportunity and fight against all forms of discrimination.

Nearly
25 %
Icone Femmes - Blanc Fond Alpha x50
women in
Safran’s total workforce, including 20% of management staff*
More than  
1,600
Icone Handicap - Blanc Fond Alpha x70
 disabled employees
at Safran companies in France*
 
49% 
Icone Junior - Blanc - Fond Alpha x50
of new hires are less
than 30 years old
 
30 %
Icone Senior - Blanc Fond Alpha x50
of employees
are 50 or older*

* 2013

Philanthropy and sponsorships

Corporate philanthropy and sponsorships: a global, responsible corporate citizen

L’Orchestre des Musiciens de La Prée - Salle Gaveau

Safran’s philanthropy policy is part of our corporate social responsibility (CSR) approach. Since Safran was created in 2005, we have supported some 450 major philanthropy projects, focusing on social and professional inclusion, equal opportunity through education, artistic creativity and talent and much more.

 

450
philanthropy projects
since 2005, to support social solidarity and equal opportunity
The Safran Foundation for Music has already provided support for some
60
exceptional musicians
138
projects
supported to date by the Safran Foundation for Integration