Safran wins two awards for employee stock ownership policy
Paris, December 5, 2012
Safran has won two awards in succession for its employee stock ownership policy: the C&B award for its "International Corporate Social Responsibility" approach, received on December 4 from ORAS (Observatoire des Rémunérations et Avantages Sociaux), the social benefits and remuneration observatory, part of the RH&M group, and the 2012 Grand Prize for employee stock ownership in the "Growth in employee stock ownership" category, awarded on November 23 by FAS (Fédération des Associations d'actionnaires Salariés), the union of employee shareholder associations.
The C&B award recognizes the success of Safran's international employee stock ownership operation, "Leverage 2012", which allowed employees in 15 countries where the Group has a major presence to acquire Safran shares at preferred rates. Leverage 2012 garnered strong support, with nearly 18,000 Safran employees taking advantage of this opportunity by subscribing more than 6.5 million shares.
The 2012 Grand Prize for employee stock ownership recognizes the Group's proactive support for employee shareholding, based on both long-term arrangements, such as the Group Savings Plan and International Group Savings Plan, and one-time operations such as the bonus share allocation plan, applied in ten European countries in 2009, or the aforementioned Leverage 2012 operation, deployed this year in 15 countries.
Jean-Luc Bérard, Safran Vice President for Human Resources, was very pleased with these distinctions, which reflect Safran's strong commitment to ensuring that employees have a stake in the Group's development and the fruits of its growth, stating: "Some 80% of our employees worldwide hold Safran shares. And with employees holding 17% of our share capital and 25% of voting rights,* Safran is the second leading company for employee stock ownership in the French CAC 40 stock market index."
* As of June 30, 2012
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 close to 60,000 employees and generated sales of 11.7 billion euros in 2011. 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 1.3 billion euros in 2011. Safran is listed on NYSE Euronext Paris and is part of the CAC40 index.
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