2007 Interactive Registration Document - Renault

Over the past three years, incentive and performance-related bonuses at
Renault s.a.s. have totaled the following amounts:
YEAR TOTAL ( in € million)
2005 217.59
2006 210.08
2007 206.99
The senior management of Renault has decided to implement a profi t-sharing
policy across the Group.
This policy will be applied in France to Renault s.a.s. and its French subsidiaries
from 2008, in compliance with legal provisions and as an extension of previous
agreements. It will be extended gradually to all regions and to other Group
subsidiaries from 2009, in order to involve all employees in the Group’s
economic performance and fi nancial results, based on operating margin.
The profi t-sharing agreement for France, applicable from January 1, 2008, was
signed on December 18 by four trade unions (CFE-CGC, CFDT, FO, CFTC).
✦ Global Reporting Initiative (GRI) Directives
BREAKDOWN OF COMPANY
INVESTMENT FUNDS
SUSTAINABLE DEVELOPMENT 03
EMPLOYEE-RELATIONS PERFORMANCE
3.1.1.4 EMPLOYEE STOCK OWNERSHIP
In France, Renault operates a voluntary company savings plan open to all
subsidiaries that were more than 50% owned in 2006. The plan comprises:
n
n
four employee savings funds invested in accordance with socially responsible
standards. Employees can make top-up payments into these funds, which are
approved by the Associated Employee Savings Committee. The portfolio of
shares managed to socially responsible investment standards is selected on
the basis of the criteria that generally apply in this fi eld: employment policy,
working conditions, respect for pollution standards, corporate governance;
a profi t-sharing fund invested in the company’s shares (Renault share, ISIN
code FR0000131906).
In 2007 total payments into Renault’s company savings scheme totaled
€51.4 million euros (up 4.9% on 2006), of which 92% in the form of
discretionary bonus transfers. The total value of the company savings plan at
December 31, 2007 was €1,143.1 million.
The following data relate to the Group:
NO. OF INVESTORS
AT DECEMBER 31, 2007
ASSETS
(in € million) PERFORMANCE IN 2007 (%)
Actions Renault (1) (4) Almost 100% Renault shares 57,759 706.0 7.35
Actions Renault (2) Almost 100% Renault shares 14,774 151.9 7.39
Renault Italia (3) Almost 100% Renault shares 159 1.7 7.30
Fructi ISR Performance 100% European shares 6,192 34.9 -0.04
Fructi ISR Équilibre (4) 50% French/foreign equities 15,660 152.0 2.19
Expansor compartiment 3 (4) 95% diversified bonds 12,675 82.6 2.46
Fructi ISR Sécurité (4) 100% money market 3,068 14.0 3.78
(1) “Actions Renault” savings fund for French tax residents.
(2) “Renault Shares” savings fund for tax residents outside France and Italy.
(3) “Renault Italia” savings fund for Italian tax residents.
(4) Fund to which top-up payments can be made throughout the year.
3.1.1.5 COLLABORATIVE INNOVATION
Involving all personnel in a process of collaborative innovation has been part
of the Group’s corporate culture for more than twenty years.
This approach plays a fundamental role in encouraging the participation
and involvement of all employees in Renault’s progress, in order to protect
the company’s future and sharpen its competitive edge. The added value
generated by the 400,000 practical suggestions for improvement (PSI)
implemented in 2007 extends beyond the value of these ideas alone:
n
n
n
by developing a culture of initiative and creativity, the company as a whole
is more receptive to change;
by asking everybody to come up with ideas, in compliance with Renault
Commitment 2009, it encourages Group-wide commitment;
when employees become active participants, and feel encouraged, listened
to and valued by their manager, they play a more active role, and directly
improve their quality of life in the workplace.
Renault is gradually developing this system in all countries, across all sites and
for all personnel. Data for Renault in 2007 are as follows (consolidated data for
83,000 people compared with 86,000 in 2006):
n
n
n
n
< TABLE OF CONTENTS >
a participation rate of 67% (69% in 2006);
practical suggestions for improvement processed in 2.7 months on average
(3.2 months in 2006);
savings of €135 million, an average of €1,626 per person (€54.5 million or
€633 on average per person in 2006);
4.1 practical suggestions for improvement registered per person in 2007
(5.2 in 2006).
In 2008, Renault plans to continue rolling out the collaborative innovation plan
in its new subsidiaries, particularly Russia and Iran.
At the same time, Renault will step up a process to build on the best PSIs
and bring them into general practice through Production Business-Line clubs
implemented in 2007.
01
02
03
04
05
06
07
08
Registration Document Renault 2007 83