2011 Registration Document - Imerys

More documents

Recommendations

Info

1 Sustainable PRESENTATION OF THE GROUP Development 1.9 SUSTAINABLE DEVELOPMENT 1.9.1 IMERYS’ SUSTAINABLE DEVELOPMENT APPROACH 49 Issues and strategy 49 Objectives 49 Indicators and scope of reporting 52 1.9.2 ETHICS AND HUMAN RIGHTS 52 Code of Business Conduct and Ethics 52 Human rights 52 1.9.3 ENVIRONMENT 53 Environmental Management Systems 53 Energy consumption and air emissions 53 NO x and SO x Emissions 55 Water consumption 55 Waste 55 Site restoration and biodiversity 56 1.9.4 SAFETY AND HEALTH 56 Safety 56 Health 57 REACh 57 1.9.5 REGULATORY COMPLIANCE, AUDITING 58 1.9.6 COMMUNITY RELATIONS 58 1.9.7 HUMAN RESOURCES 59 Human Resources principles & main areas of action 59 Human R esources key performance indicators 60 48 2011 REGISTRATION DOCUMENT IMERYS
1.9.1 IMERYS’ SUSTAINABLE DEVELOPMENT APPROACH ❚ ISSUES AND STRATEGY The Group’s international scale gives it special responsibilities with respect to its employees, neighboring communities and shareholders. The analysis of the principal issues for the future, as well as the potential impact of its industrial and mining activities on its various stakeholders, led Imerys to focus its efforts on six main areas and it has made the following specific commitments : p Governance & Ethics: constantly improve Corporate Governance; going further than compliance with applicable local laws and regulations; make sure all activities are carried out ethically and transparently worldwide, while protecting the best interests of all stakeholders and creating the conditions for strict internal control; p Environment: take action to reduce the Group’s environmental footprint and use natural resources efficiently; control the environmental impact of its activities and set up management systems that provide for continuous performance improvement; p Innovation: constantly innovate to improve processes and increase the environmental benefits of the Group’s products; p Human Resources: strive to increase diversity within the Group; give employees the resources they need to develop professionally and ensure that they have satisfactory benefits. Imerys also encourages open dialog with personnel representatives and trade union organizations; p Safety & Health: meet ambitious health and safety standards. Improvement in this area depends on the combined action of every participant in the Company: management, employees, contractors, visitors and neighboring communities; p Communities: build constructive, transparent relations with the communities where Imerys is based and contribute to their economic development. PRESENTATION OF THE GROUP Sustainable Development Imerys is aware of the importance of these commitments in safeguarding its long-term development. The Group’s performance on its Sustainable Development policy is considered a core component of its results and a necessity for its future operating performance. The Group’s Sustainable Development actions are guided by a threeyear plan that sets goals for each area of action. The three-year plan also provides for gradual, continuous performance improvement. The plan is set by the Executive Committee, based upon the recommendations of a Steering Committee that meets quarterly and represents various enterprise functions. Three members of the Executive Committee are also on the Steering Committee. The strategy is initially drafted by the SD Working Group which is made up of Environment, Health & Safety, Sustainable Development and Human Resource professionals and is representative of the operating entities and geographic zones in which they operate. The Group’s Vice-President Environment, Health & Safety (EHS) coordinates SD objectives as well as their implementation. The Board of Directors places increasing importance on Sustainable Development risks and issues, and these risks and issues are the subject of a formal presentation at one of its sessions every year. The Board also tasks the Audit Committee with an annual review of organization, policies, goals and results in this area. ❚ OBJECTIVES A great majority of the Sustainable Development goals set by the Group in late 2008 for the 2009-2011 period were achieved and this is reflected in the significant improvement on every relevant aspect. A new consultation process was undertaken in June 2011 to define the Group’s Sustainable Development ambitions for the next three years. Working groups were formed which brought together around 40 specialists representing the various business groups and regions to prepare proposals for the future. This exercise also integrated the conclusions of the workshop organized on Sustainable Development at the Group’s senior manager convention in June 2011. IMERYS 2011 REGISTRATION DOCUMENT 49 1
Page 1 and 2: 2011 Registration Document Annual F
Page 3 and 4: 2011 Registration Document includin
Page 5 and 6: PRESENTATION OF THE GROUP 1 1.1 MAI
Page 7 and 8: 1.2 THE GROUP’S STRATEGY AND GENE
Page 9 and 10: 1.2.2 IMERYS’ PRODUCTS A benchmar
Page 11 and 12: 1.2.5 THE GROUP’S GENERAL STRUCTU
Page 13 and 14: Ground calcium carbonate (GCC) is p
Page 15 and 16: 1.3.2 MINERAL REPORTING PRINCIPLES
Page 17 and 18: ❚ MINERAL RESERVES ESTIMATES (AS
Page 19 and 20: PRESENTATION OF THE GROUP Minerals
Page 21 and 22: 1.4.2 MINERALS FOR CERAMICS Imerys
Page 23 and 24: 1.4.3 MINERALS FOR REFRACTORIES AND
Page 25 and 26: 1.4.4 FUSED MINERALS The Fused Mine
Page 27 and 28: to conductor coatings for battery c
Page 29 and 30: PRESENTATION OF THE GROUP Performan
Page 31 and 32: ❚ MARKETS Market trends Performan
Page 33 and 34: ❚ INDUSTRIAL FACILITIES, QUALITY
Page 35 and 36: PRESENTATION OF THE GROUP Pigments
Page 37 and 38: Main competitors p Kaolin: Vale (Br
Page 39 and 40: 1.7.1 BUSINESS GROUP OVERVIEW PRESE
Page 41 and 42: 240,000 230,000 220,000 210,000 200
Page 43 and 44: Calderys innovation efforts are foc
Page 45 and 46: 1.8 INNOVATION 1.8.1 RESEARCH, TECH
Page 47 and 48: High-tech products In Fused Mineral
Page 49: 1.8.2 INTELLECTUAL PROPERTY The Leg
Page 53 and 54: Governance & Ethics Purchasing Envi
Page 55 and 56: 1.9.3 ENVIRONMENT ❚ ENVIRONMENTAL
Page 57 and 58: More formal methods have led to a f
Page 59 and 60: p Finally, Imerys considers that re
Page 61 and 62: 1.9.7 HUMAN RESOURCES The Human Res
Page 63 and 64: Employees by business group PRESENT
Page 65 and 66: on subjects such as work organizati
Page 67 and 68: REPORTS ON THE FISCAL YEAR 2011 2 2
Page 69 and 70: 2.1.2 DETAILED COMMENTARY ON THE GR
Page 71 and 72: to the implementation of growth pro
Page 73 and 74: Performance The business group’s
Page 75 and 76: 2.1.4 2012 OUTLOOK Since the end of
Page 77 and 78: The amount of dividends paid during
Page 79 and 80: 2.2 STATUTORY AUDITOR S' REPORTS RE
Page 81 and 82: REPORTS ON THE FISCAL YEAR 2011 Sta
Page 83 and 84: REPORTS ON THE FISCAL YEAR 2011 Sta
Page 85 and 86: CORPORATE 3 GOVERNANCE 3.1 BOARD OF
Page 87 and 88: 3.1.2 COMPOSITION The Board of Dire
Page 89 and 90: 3.1.3 INFORMATION ON THE DIRECTORS
Page 91 and 92: Aldo CARDOSO Director Born on March
Page 93 and 94: Jocelyn LEFEBVRE Director Born on D
Page 95 and 96: Robert PEUGEOT Director Born on Apr
Page 97 and 98: Jacques VEYRAT Director Born on Nov
Page 99 and 100: 3.1.5 IMPLEMENTATION OF BEST CORPOR
Page 101 and 102:
Functioning The Committee debates w
Page 103 and 104:
Furthermore, the Appointments and C
Page 105 and 106:
of the Statutory Auditors and check
Page 107 and 108:
3.3 COMPENSATION 3.3.1 BOARD OF DIR
Page 109 and 110:
This compensation includes a fixed
Page 111 and 112:
contribution supplementary pension
Page 113 and 114:
3.4.2 CONDITIONAL STOCK OPTIONS GRA
Page 115 and 116:
CORPORATE GOVERNANCE Stock options
Page 117 and 118:
❚ DETAILS OF CONDITIONAL FREE SHA
Page 119 and 120:
CORPORATE GOVERNANCE Corporate offi
Page 121 and 122:
RISK FACTORS 4 AND INTERNAL CONTROL
Page 123 and 124:
❚ ENERGY PRICES (See Note 25.5 to
Page 125 and 126:
4.1.3 LEGAL RISKS ❚ COMPLIANCE WI
Page 127 and 128:
engineering, Imerys intends to cont
Page 129 and 130:
size and from better sharing of ski
Page 131 and 132:
❚ TARGETED INTERNAL COMMUNICATION
Page 133 and 134:
Review of results Every month, the
Page 135 and 136:
FINANCIAL STATEMENTS 5 5.1 CONSOLID
Page 137 and 138:
❚ CONSOLIDATED STATEMENT OF COMPR
Page 139 and 140:
❚ CONSOLIDATED STATEMENT OF CHANG
Page 141 and 142:
Appendix 1: cash flow generated by
Page 143 and 144:
Change in net financial debt FINANC
Page 145 and 146:
Consolidated statement of financial
Page 147 and 148:
The following table presents revenu
Page 149 and 150:
❚ ACCOUNTING PRINCIPLES AND POLIC
Page 151 and 152:
Note 3 Texts effective after the cl
Page 153 and 154:
Amendments to IFRS 7, Financial Ins
Page 155 and 156:
4.9 Goodwill Goodwill is the excess
Page 157 and 158:
4.17 Equity instruments Treasury sh
Page 159 and 160:
❚ NOTES TO THE CONSOLIDATED INCOM
Page 161 and 162:
Share-based payments management pri
Page 163 and 164:
Note 10 Other operating revenue and
Page 165 and 166:
As of December 31, 2011 (€ millio
Page 167 and 168:
Note 12 Financial income (loss) FIN
Page 169 and 170:
Tax reconciliation excluding non-re
Page 171 and 172:
FINANCIAL STATEMENTS Consolidated f
Page 173 and 174:
Provisional purchase accounting as
Page 175 and 176:
Note 18 Property, plant and equipme
Page 177 and 178:
(€ millions) Discount rate FINANC
Page 179 and 180:
Note 21 Inventories (€ millions)
Page 181 and 182:
22.3 Receivables and other financia
Page 183 and 184:
Note 23 Capital Capital management
Page 185 and 186:
Page 187 and 188:
Page 189 and 190:
24.2 Other provisions FINANCIAL STA
Page 191 and 192:
Page 193 and 194:
Equity. As part of its policy of ma
Page 195 and 196:
Page 197 and 198:
Management of the risk. For part of
Page 199 and 200:
The table below describes the finan
Page 201 and 202:
❚ OTHER INFORMATION Note 27 Main
Page 203 and 204:
Countries Countries Entities Busine
Page 205 and 206:
Note 1. Operating lease. The operat
Page 207 and 208:
5.2.1 FINANCIAL STATEMENTS ❚ INCO
Page 209 and 210:
❚ CASH FLOW STATEMENT FINANCIAL S
Page 211 and 212:
❚ ACCOUNTING PRINCIPLES AND POLIC
Page 213 and 214:
Note 8 Tax consolidation FINANCIAL
Page 215 and 216:
Note 12 Income taxes FINANCIAL STAT
Page 217 and 218:
Note 17 Other receivables (€ thou
Page 219 and 220:
Note 20 Write-downs and provisions
Page 221 and 222:
Change in fair value of plan assets
Page 223 and 224:
❚ OTHER INFORMATION Note 23 Off b
Page 225 and 226:
Note 30 Headcount as of December 31
Page 227 and 228:
5.3 AUDIT FEES Terms of service of
Page 229 and 230:
ADDITIONAL 6 INFORMATION 6.1 INFORM
Page 231 and 232:
In 2011, it inaugurates a ceramic p
Page 233 and 234:
❚ DISCLOSURE OF THRESHOLD CROSSIN
Page 235 and 236:
6.2.3 FINANCIAL AUTHORIZATIONS ❚
Page 237 and 238:
p for the delivery or exchange of s
Page 239 and 240:
6.2.4 SHARE BUYBACK PROGRAMS ❚ LE
Page 241 and 242:
6.3.2 CROSSING OF THRESHOLDS p On A
Page 243 and 244:
the request of Belgian Securities B
Page 245 and 246:
6.5.2 TRADES SINCE JANUARY 2010 Hig
Page 247 and 248:
Finally , 2011 was devoted to organ
Page 249 and 250:
ORDINARY AND EXTRAORDINARY SHAREHOL
Page 251 and 252:
Page 253 and 254:
7.1.5 AMENDMENTS OF THE BY-LAWS ORD
Page 255 and 256:
7.1.6 P OWERS ORDINARY AND EXTRAORD
Page 257 and 258:
7.3 ORDINARY PART ❚ FIRST RESOLUT
Page 259 and 260:
Page 261 and 262:
Paragraph 10 - section “Attendanc
Page 263 and 264:
PERSONS 8 RESPONSIBLE FOR THE REGIS
Page 265 and 266:
8.3 AUDITORS ❚ STATUTORY AUDITORS
Page 267 and 268:
CROSS REFERENCE 9 AND RECONCILIATIO
Page 269 and 270:
CROSS REFERENCE AND RECONCILIATION
Page 271 and 272:
CROSS REFERENCE AND RECONCILIATION
Page 273 and 274:
IMERYS 2011 REGISTRATION DOCUMENT N
Page 275 and 276:
❚ CONTACTS IMERYS Financial Commu
show all

2011 Registration Document - Imerys

Create successful ePaper yourself

Delete template?

Save as template?