Safran signs Diversity Charter

Paris, 8 November 2010

Jean-Paul Herteman, Chief Executive Officer of Safran, signed the Diversity Charter today at the city hall in Evry, near Paris. The ceremony was attended by Manuel Valls, Deputy Mayor of Evry, Pierre Lambert, Prefect in charge of equal opportunity, and Claude Bébéar, Honorary Chairman of the AXA group, and co-initiator of the Diversity Charter.

The event today signals another step forward by Safran in favor of equal opportunity and diversity, one of the Group's fundamental values.

Since first creating a Corporate Diversity and Social Responsibility department as part of Corporate Human Resources in 2008, Safran has undertaken a number of actions to foster diversity. In particular, it supports initiatives to integrate disabled persons in the workforce, and promote gender equality in the workplace, the inclusion of young people from underserved neighborhoods and management of senior employees.

  • For instance, Safran supports the integration and hiring of disabled persons via various associations, including Tremplin Entreprises and FACE in France. Through the Safran Foundation for Integration, Safran is also conducting its own "Elan" project, which welcomes disabled persons in apprenticeship or work-study programs (from 2006 to 2010, more than 90 disabled persons participated in this project). Safran is also a partner in "Salto", a program launched in 2009 that seeks to offer work-study positions to disabled persons. In May 2010, the Group signed an agreement with Agefiph, the French association that manages funds for the professional integration of disabled persons.

  • Safran has also carried out actions to foster gender equality in the workplace. For instance, the Group is a partner in the association Elles bougent ("Women on the move"), which aims to promote scientific and technical education for women. Today, 73 women engineers in the Group belong to this association, and help encourage female students to consider careers in these fields. Safran seeks to encourage gender equality in recruiting new personnel, especially for engineering and management staff, and actively promotes women's access to management positions. Women now account for nearly 25% of all Safran employees worldwide.

  • Safran applies a proactive age management policy in all employee career plans. A Group-wide agreement on senior employment was signed on February 12, 2010, setting up concrete measures to support the employment of seniors, including quantitative objectives. Currently, employees 45 and older represent about 50% of the total workforce.

  • The Group also supports the inclusion of young people from underserved neighborhoods, allowing them to discover the world of business, with opportunities for orientation programs, professional training and employment. For example, as part of the national Plan Espoir Banlieue program, Safran welcomed 241 young people (under 26) in 2009, for internships, in-service training, work-study programs or full-time employment.

Diversity Charter: Six Objectives

- Provide training and raise the awareness of executives and staff involved in recruitment, training and career management about the challenges of non-discrimination and diversity.

- Respect and promote the principle of non-discrimination in all shapes and forms, and at all stages in human resources management (hiring, training, promotions).

- Seek to reflect the cultural and ethnic diversity of French society in the workforce, at all different levels.
- Convey to employees the company's commitment to non-discrimination and diversity, and keep them informed on the practical results of this commitment.

- Make the development and application of the diversity policy a subject of dialog with employee representatives.
- Include a chapter in the annual report describing the company's commitment to non-discrimination and diversity, including actions, practices and results.

* * *

Safran Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Safran group has 55,000 employees and generated sales exceeding 10.4 billion euros in 2009. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditures of 1.1 billion euros in 2009. Safran is listed on NYSE Euronext Paris and its share is part of the SBF 120 and Euronext 100 indexes.

Catherine MALEK
Contact Presse
Tél +33 (0)1 40 60 80 28
Fax +33 (0)1 40 60 80 26
catherine.malek@safran.fr