diff --git "a/governance_2000.csv" "b/governance_2000.csv" deleted file mode 100644--- "a/governance_2000.csv" +++ /dev/null @@ -1,2001 +0,0 @@ -,text,gov,source -0,The balance included in-kind donations prepared in accordance with B4SI guidelines.,0,Tobi_MA -1,"Internal controls and risk management The Board, through the Audit Committee, is responsible for ensuring that suitable internal control systems to prevent and detect fraud and error are designed and implemented by the third-party service providers to the Company and is also responsible for reviewing the effectiveness of such controls.",1,Tobi_MA -2,This analysis does not take into account the energy mix related to the electricity consumption of the TTV portfolio issuers.,0,Tobi_MA -3,"Change in Chief Financial Officer and plc Board Chair positions Clare Bousfield stepped down from the Board with effect from 1 October 2021 and transitioned into the role of Managing Director of our Retail & Savings business, for which Clare continued to receive salary and benefits reflective of her new role.",0,Tobi_MA -4,Consideration and prioritisation of climate risk is also built into the decision-making and governance processes and is a requirement of key strategic Board risk assessment papers.,1,Tobi_MA -5,We are working with a broad range of clients and expect to see growth in our Derivatives division as we continue to evolve the nature of solutions we offer in both the institutional and wholesale space.,0,Tobi_MA -6,Training The training delivered is designed to ensure that employees can adapt to their roles and develop their skills.,0,Tobi_MA -7,"In our business segment of Fund Investment Services, our aim is to achieve sustainable growth in managed and advised assets.",0,Tobi_MA -8,"The fees for the non-executive Directors are determined within the limits (not to exceed £300,000 per annum) set out in the Company’s Articles of Association, or any greater sum that may be determined by special resolution of the Company.",0,Tobi_MA -9,"For the individual risk measure, we use an adjusted ß (beta) of 0.6.",0,Tobi_MA -10,"Over the year, we accelerated efficiency measures to achieve the full amount of our € 150 million gross cost savings objective ahead of schedule.",0,Tobi_MA -11,It should be noted that the Supervisory Board does not include any member representing employees and/or employee shareholders and that the Company is not bound by any obligation to make such an appointment (under the provisions of Article L.226-5-1 of the French Commercial Code).,1,Tobi_MA -12,"Colleague welfare, as well as customer focus, has been at the centre of everything we have tried to do during the COVID-19 pandemic, particularly as work patterns flexed and changed.",0,Tobi_MA -13,They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.,1,Tobi_MA -14,"On 30 April 2021, the Company announced its intention to implement a “zero discount” policy to seek to manage the discount or premium to net asset value and gave instructions to Winterflood to implement the policy on the Board’s behalf.",0,Tobi_MA -15,The Board The UK Corporate Governance Code recommends that the Board should include a balance of executive and non-executive Directors (and in particular independent non-executive Directors) such that no individual or small group of individuals can dominate the Board’s decision making.,1,Tobi_MA -16,All employees have periodic individual evaluation interviews.,0,Tobi_MA -17,"These included the “In conversation with” series in which the Chief Executive and other key members of senior management presented items such as the half year results, strategy and sustainability.",1,Tobi_MA -18,"They also have the responsibility for disclosing, as applicable, matters related to going concern.",0,Tobi_MA -19,"We do not take a linear approach to decarbonisation because this can create unintended consequences: such as incentivising divestment to pass the problem onto someone else, and missing out on transition related opportunities.",0,Tobi_MA -20,A highly-diversified London and Euronext-listed closedend fund investing in private equity limited partnerships.,0,Tobi_MA -21,"One year ago, around 20 percent the portfolio value was still attributable to investments that had been in the portfolio for more than five years.",0,Tobi_MA -22,See “Section 6.1.3.4 – Catastrophe (Cat) risk and exposure controls” for further information on risk mitigation actions.,0,Tobi_MA -23,"In accordance with our fundamental diversity concept, we also take into account the knowledge and skills required for the proper performance of tasks and the necessary experience of the employees in the composition of the two levels below management.",0,Tobi_MA -24,These funds are also available for investments.,0,Tobi_MA -25,"Addressing these risks requires a systemic shift in global production and consumption, and in the way the financial sector allocates capital.",0,Tobi_MA -26,Adjusted profit before tax increased by 24% to € 774 million in 2019 (2018: € 625 million) as we recorded higher revenues.,0,Tobi_MA -27,"Fifth resolution ��� (Ratification of the co-opting of Mr Remmert Laan as member of the Supervisory Board) The General Shareholders’ Meeting, acting under the quorum and majority requirements for Ordinary General Meetings, having reviewed the Manager’s report and the report of the Supervisory Board, approves the co-opting by the Supervisory Board at its meeting of 6 December 2018 of Mr Remmert Laan as member of the Supervisory Board to replace the resigning Mr Jean-Pierre Denis for the remainder of his term of office, i.e.",0,Tobi_MA -28,Life divisions where it operates may depend on external factors such as economic risks and political risks.,0,Tobi_MA -29,All data in graphs as of 31 December 2021.,0,Tobi_MA -30,The weighted average warming potential across counterparties is 2.7 °C (based on the counterparties modelled for scenario analysis).,0,Tobi_MA -31,This section summarises the remuneration awarded to Executive and Non-Executive Directors for services during the year ended 30 June 2015 and compares this to remuneration awarded for the prior year.,0,Tobi_MA -32,On 19 October 2020 the Company entered into a £25 million revolving credit facility agreement with State Street Bank International GmbH.,0,Tobi_MA -33,"In general, where a sustainability risk event occurs in respect of an individual asset, there is the potential for a negative impact on, or an entire loss of, its value.",0,Tobi_MA -34,"Refer also to Appendix A - Notes to the Corporate Financial Statements, Note 14 - Compensation of the Corporate Officer.",0,Tobi_MA -35,The United Nations Sustainable Development Goals (“SDGs”) are a response to the global challenges we face and Tikehau Capital naturally wishes to support SDG 8 — Decent work and economic growth.,0,Tobi_MA -36,More information about the Group is available on the Claranet website: www.claranet.fr.,0,Tobi_MA -37,"Following the reopening of the public tender offer, Tikehau Capital held in concert with Sofidy, GSA Immobilier, Sofidiane, Makemo Capital, AF&Co, and Mr Antoine Flamarion and Mr Christian Flamarion, 1,250,029 shares issued by Selectirente, representing as many voting rights, equivalent to 81.03% of the share capital and voting rights of Selectirente.",0,Tobi_MA -38,"For 2013, the Lloyd's Channel Syndicate (49 employees at 31 December 2013) is 100% subsidiaries of SCOR Global P&C SE, managed independently of the Group in terms of human resources and not aggregated in the division.",0,Tobi_MA -39,They are also responsible for ensuring that the Annual Report includes information required by the Disclosure Rules of the UK Listing Authority.,1,Tobi_MA -40,Our Retail and Savings business financial performance was impacted by our Wealth business experiencing increased competitive pressure due to consolidation in the market and the move to digital post COVID-19.,0,Tobi_MA -41,"Where there is sufficient heterogeneity among companies listed in a particular market, we take into account the performance of these on various ESG measures, of which climate metrics are a key component.",1,Tobi_MA -42,The benefit of these visits is recognised to give a valuable understanding of colleagues’ opinions and their working environment.,0,Tobi_MA -43,"In 2017, following the restructuring in preparation for the initial public offering, the Company replaced its subsidiaries as signatory to the UN PRIs which now cover a wider scope.",1,Tobi_MA -44,"Sofidy is a leading asset manager in the Real Estate management sector in France and Europe, involved in the creation and development of investment and savings products particularly focused on retail and office Real Estate.",0,Tobi_MA -45,"They need to be well designed, they need to bemarketed, they need to be attractively priced and they need to performwell.",0,Tobi_MA -46,"The potential impacts of sustainability risk events on the Company’s portfolio include degradation of issuer cashflow and consequent inability to meet debt servicing obligations, and inability to continue to actively and competitively participate in its chosen markets.",0,Tobi_MA -47,"Our Operational Risk Framework defines our approach to the identification, assessment, management and reporting of operational risks and associated controls across the business including IT, data and outsourcing arrangements.",0,Tobi_MA -48,This year we will be asking our shareholders to support our climate transition plan through a specific “Say on Climate” resolution to be put to our shareholders at our AGM.,0,Tobi_MA -49,"These valuation techniques involve some level of management estimation and judgment, the degree of which will depend on the price transparency for the instrument or market and the instrument’s complexity.",0,Tobi_MA -50,"Climate targets and commitments As an asset owner, sustainability is a key part of our decision-making.",0,Tobi_MA -51,Sustainability: Long-term objectives and performance parameters as well as variable compensation granted on a deferral basis guarantee sustainable work on further success and business development.,0,Tobi_MA -52,"Key focus on positive customer outcomes and quality of customer engagement; Support for the Group’s purpose and values to build a safe, respectful and inclusive culture through remuneration policies and schemes that promote and reward good conduct and behaviours for the benefit of our customers and colleagues; and Promotion of a positive culture for employees and customers with demonstrable alignment to remuneration outcomes where our standards for conduct and behaviours are not met, including a robust individual performance assessment process and malus and clawback policy.",1,Tobi_MA -53,Enhanced Board reporting on employee engagement from September 2021.,0,Tobi_MA -54,"Over 2021, the Board considered M&G plc’s social purpose, the flagship programmes within social purpose; how colleagues have been engaged in community and charity work and how we compare to other listed companies.",0,Tobi_MA -55,"Rather, the expertise contributed individually by each of the Supervisory Board members combined shall ensure that all fields of expertise are covered by the Supervisory Board as a whole.",0,Tobi_MA -56,"We continue to diversify our savings and investments business to respond to developing customer needs in terms of products, distribution and servicing.",0,Tobi_MA -57,"Since financial year 2007/2008, a part of the financial resources not needed in the near term has been invested in securities.",0,Tobi_MA -58,The Directors present their annual report and the audited financial statements for the year ended 31st May 2012.,0,Tobi_MA -59,"They do not eliminate the risk of failure to achieve business objectives and, by their nature, can only provide reasonable and not absolute assurance against misstatement or loss.",0,Tobi_MA -60,"The outcomes expected of the Committee The Audit and Risk Committee assists the Board in discharging its responsibilities with regard to financial reporting, monitoring the integrity of the Group’s financial statements, and reviewing the effectiveness of the Group’s internal controls and risk management systems.",1,Tobi_MA -61,Private Debt has achieved strong growth in a climate of more stringent regulations weighing on the banking sector.,0,Tobi_MA -62,Health and safety is an indispensable component in all the Group’s projects and activities.,0,Tobi_MA -63,"Level 3 includes non-listed securities on an active market, where a significant portion of the valuation refers to non-observable data.",0,Tobi_MA -64,One measure of loyalty is the employees’ years of service to the Company: investment managers and senior executives have been with DBAG for an average of seven years (previous year: eight years).,0,Tobi_MA -65,"The Company may purchase and hold shares as treasury shares up to a maximum amount equal to 10% of the nominal value of the issued ordinary share capital at that time, rather than cancelling them.",0,Tobi_MA -66,"The diverse range of the members’ educational and professional backgrounds includes banking, business administration, social sciences.",0,Tobi_MA -67,The final determination of the variable compensation is subject to the resolution of the shareholders´ meeting.,0,Tobi_MA -68,Voting outcomes at the Annual General Meeting (AGM) 2021 The following table provides the voting outcomes at the May 2021 AGM for the 2020 Annual Remuneration Report and the Directors’ Remuneration Policy approved by shareholders in 2020.,0,Tobi_MA -69,Values Values describe the behaviours that the business considers to be critical to success.,0,Tobi_MA -70,"The framework will be based on individuals’ capabilities, and designed to empower our employees, encourage innovation, unlock our performance culture, and enable the execution of our overall strategy.",0,Tobi_MA -71,Sustainability has been a hot topic within financial communications for some time now.,0,Tobi_MA -72,Application of the accounting policies requires making judgements that can materially influence the reported amounts in the financial statements.,0,Tobi_MA -73,"Although partly affected by COVID-19 this also reflects our commitment to purchase renewable electricity, with 98% of our electricity use provided by renewable energy.",0,Tobi_MA -74,"Additionally, reduced liquidity limits the possibility of terminating relations with an issuer whose ESG profile deteriorates significantly.",1,Tobi_MA -75,Company that undertakes to cover the portion of a risk ceded to it by the insurer.,0,Tobi_MA -76,"As such, each of these entities must therefore comply with the obligations set out in EMIR when entering into over-the-counter derivatives contracts, in particular: (i) offsetting OTC derivatives considered by ESMA as being eligible for offsetting, (ii) putting in place risk mitigation techniques for contracts not cleared by a central counterparty and (iii) transparency requirements.",1,Tobi_MA -77,"In particular, the growth opportunities open to countries in the eurozone have improved in the course of 2017, according to the IMF.",0,Tobi_MA -78,"In terms of direct real estate investments, we are strengthening our consideration of physical and transition risks (specifically energy efficiency and net zero carbon performance) by undertaking work to set interim targets at fund levels.",0,Tobi_MA -79,"Viability statement Ahead of the Company’s fifth annual general meeting in 2024, the Board will formulate and submit to Shareholders proposals (which may constitute a tender offer or other method of distribution) to provide Shareholders with an opportunity to realise the value of their Ordinary Shares at NAV per Ordinary Share less costs.",0,Tobi_MA -80,"In March 2020 we decided to prioritise two areas for action: climate change, and diversity and inclusion, and to hold ourselves accountable with specific commitments in these areas.",0,Tobi_MA -81,"The crankcases are used in engines installed in generators for decentralised energy supply (but also for data centres belonging to Facebook and Google), and as energy supply or power units on ships, in locomotives and in other large-scale vehicles.",0,Tobi_MA -82,"If there is more than one general partner, they shall share this amount between themselves as they see fit.",0,Tobi_MA -83,"Several stages in such transactions cannot be categorised as pure Asset Management functions, but rather as a complementary arranger function: (i) the borrower auditing phase (financial, legal, operational, etc.",0,Tobi_MA -84,"The primary objective of Internal Audit is to provide independent and objective assurance to the Board and Executive Management regarding the adequacy of the design and effectiveness of the systems of internal control, including risk management, governance and operational processes.",1,Tobi_MA -85,"At least one independent member, who can serve as the chairperson of the audit and risk committee, shall have specific knowledge and experience in applying accounting principles and internal control procedures.",1,Tobi_MA -86,"During the year to 31st May 2012 the Committee met on four occasions principally to review and approve the quarterly assessment of the profit share pool, and allocations therefrom to Directors and senior employees, and the semi-annual salary review including both the overall level of awards and individual awards to Directors and senior employees.",0,Tobi_MA -87,No security has been furnished as guarantee for the Syndicated Credit Agreement.,0,Tobi_MA -88,"In this regard, in particular, attention should be placed on the integrity, personality, willingness to perform, professionalism and independence of the individuals proposed for election.",0,Tobi_MA -89,A regular governance process provides for regular interaction to identify changes in the client’s desired outcomes and solicits feedback on the actual outcomes experienced by the client.,1,Tobi_MA -90,"In addition four clients having achieved their funding objective, moved to buy in or buy out or moved to alternative arrangements.",0,Tobi_MA -91,While not set as a specific percentage a significant part of the annual cash bonus is linked to the Board evaluation of how the Executive team has delivered the outcome orientated culture of the Group.,0,Tobi_MA -92,Alongside this we will be looking to embed the new Supply Chain Modern Slavery Business Standard and enhanced processes into the business.,1,Tobi_MA -93,In September 2018 one-off IPO related awards under the DWS Stock Appreciation Rights (SAR) Plan were granted to all DWS employees.,0,Tobi_MA -94,"Paragon Customer Communications has the following certifications: ISO 9001, ISO 14001, ISO 50001, ISO 27001 and ISO 22301.",0,Tobi_MA -95,"Such authority will expire at the conclusion of the Company’s next Annual General Meeting, or on 30th November 2013 (whichever is the earlier), unless renewed, varied or revoked by the Company prior to or on that date.",0,Tobi_MA -96,"Investment management and third-party service provider arrangements The Board has overall responsibility for the Company’s activities, including the review of investment activity and performance and the control and supervision of all suppliers of services to the Company, including the Investment Manager.",0,Tobi_MA -97,"In addition, if there is a constructive obligation for the employing entity to pay deficit funding in respect of schemes where there is no unconditional right to a refund to any surplus, this is also recognised such that the financial position recorded for the scheme reflects the higher of any underlying IAS 19 Employee Benefits deficit and the obligation for deficit funding.",0,Tobi_MA -98,These plans pay stated percentages of eligible medical and dental expenses of retirees after a stated deductible has been met.,0,Tobi_MA -99,"Other information In accordance with French law, we have verified that the required information concerning the purchase of investments and controlling interests and the identity of the shareholders or holders of the voting rights has been properly disclosed in the management report.",1,Tobi_MA -100,"The companies dedicated to investment At the registration date of this Registration Document, Tikehau Capital conducts its Investment activities directly or through holding companies.",0,Tobi_MA -101,"As far as the current and the next two financial years are concerned, we expect to see a constant supply – in terms of number and volume – of investment opportunities on our market.",0,Tobi_MA -102,"Overall, the aforementioned changes resulted in an immaterial effect and were applied on a prospective basis in 2019.",0,Tobi_MA -103,This plan represents a contingent right to receive Deutsche Bank AG common shares after a specified period of time.,0,Tobi_MA -104,"Performance in 2021 The resilience of our capital position has been demonstrated over the period, with our shareholder Solvency II coverage ratio increasing by 36% to 218% at 31 December 2021, after paying dividends of £466 million.",0,Tobi_MA -105,The general partner of DBG Advising GmbH & Co. KG can terminate the management agreement with DBAG at three months’ notice to the end of a quarter.,0,Tobi_MA -106,"The Board does not consider Jonathan Punter or Angus Samuels to be independent by virtue of their shareholdings and directorships in PSG, a controlling shareholder of the Company.",1,Tobi_MA -107,The potential effect of these laws and regulations on the financial statements varies considerably.,0,Tobi_MA -108,The Shareholders’ Meeting of the General Partner is responsible for the compensation strategy of the Executive Board of DWS Management GmbH as well as for determining their level and structure of compensation.,0,Tobi_MA -109,"The Company is in particular committed to maintaining interest rate hedging greater than or equal to 50% of the amounts used under Tranche A of the Syndicated Credit Agreement for the duration of the loan; Change of control – The Syndicated Credit AgreementP provides for the option for each lender not to finance its participation in the event of drawdown and to terminate its commitment in the event of a change of control of the Company; Early repayment – Under the Syndicated Credit Agreement,P the majority of the lenders (i.e., lenders representing more than 2/3 of commitments) can decide to demand the total or partial early repayment of the amounts due under the Syndicated Credit Agreement in certain cases limited to those stipulated, which include non-payment, non-compliance of the commitments described above, the occurrence of a cross default or the occurrence of events having a material adverse effect on the assets and financial position of the Company or its ability to meet its payment obligations or any of its financial commitments.",0,Tobi_MA -110,Mr Christian de Labriffe was appointed as Chairman of the Company’s Supervisory Board at a meeting of the Board on 22 March 2017.,0,Tobi_MA -111,"Therefore, the financial statements have been prepared on the going concern basis.",0,Tobi_MA -112,We have expanded our operations in Europe to ensure that we can continue to grow and service our European customer base following the UK’s departure from the European Union.,0,Tobi_MA -113,"Management is responsible for the preparation and fair presentation of the financial statements in accordance with French accounting principles and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.",1,Tobi_MA -114,"Disclosures Forum, supporting the development of investment decision useful nature-related financial disclosures.",0,Tobi_MA -115,The Managers approve the internal control systems put in place according to the risk management objectives defined.,1,Tobi_MA -116,"In addition, the committee was informed and advised on the DWS Group’s cultural change program and its plans to replace the current corporate title system with a functional role framework to support the transformation into a leaner, less hierarchical organisational structure.",0,Tobi_MA -117,"The Group has unused tax losses carried forward of £512m, primarily UK capital losses, on which no deferred tax is recognised.",0,Tobi_MA -118,"A review of the Group’s strategy, political or global risks for the Asset Management industry such as a return of the European sovereign debt crisis, uncertainties regarding the implementation of already adopted regulation as well as a slowdown of GDP growth may negatively impact the performance forecasts and thus, could result in an impairment of goodwill in the future.",0,Tobi_MA -119,The Board have appointed Peter Warry as the Senior Independent Director.,0,Tobi_MA -120,"This made it possible to bring new shareholders into the Company, such as the Singaporean investment management company Temasek (about €170 billion in assets under management), the Luxembourg insurance company La Luxembourgeoise, and the listed French investment management company FFP; as part of the reorganisation operations carried out onb) 7 March 2017 for the admission of the Company's securities to trading on the Euronext Paris regulated market, a recapitalisation through an in-kind contribution in the amount of €266,324,982 (share premium included) was completed on 21 December 2016.",0,Tobi_MA -121,Directors are required to comply with applicable law and SCOR SE’s by law (“statuts”).,1,Tobi_MA -122,The resulting gain or loss is recognised in the Income Statement.,0,Tobi_MA -123,"In order for a proxy appointment made by means of CREST to be valid, the appropriate CREST message (a CREST Proxy Instruction) must be properly authenticated in accordance with Euroclear UK & Ireland Limited’s (EUI) specifications and must contain the information required for such instructions, as described in the CREST Manual.",0,Tobi_MA -124,Our flagship real estate fund family DWS Grundbesitz also continued to sustain strong demand in 2019.,0,Tobi_MA -125,In 2021 98% of our electricity use was provided by renewable energy (74% via procurement and 24% via EACs).,0,Tobi_MA -126,"Compared with the end of the financial year 2015/2016, we are faced with an improved macroeconomic environment with solid economic growth.",0,Tobi_MA -127,Many of our new employees have commented on how genuine they find our people.,0,Tobi_MA -128,By their nature forward looking statements relate to events and circumstances that could occur in the future and therefore involve the risk and uncertainty that the Group’s actual results may differ materially from the results expressed or implied in the forward looking statements.,0,Tobi_MA -129,"In the reporting year, no conflicts of interest were reported or otherwise apparent which would have to be reported to the General Meeting.",1,Tobi_MA -130,We have derived our materiality calculation based on a proportion of total equity as we consider it to be the most important financial metric on which shareholders would judge the performance of the Company.,0,Tobi_MA -131,"In response to a request made during this assessment, the Board Secretariat undertook to make every effort to provide the relevant documents further in advance of the meetings.",0,Tobi_MA -132,Sustainability risk As a responsible investor we consider the sustainability risks of all our investments and advice by taking into consideration ESG factors that have the potential to have a material financial impact and seek to incorporate them into our general risk management framework.,1,Tobi_MA -133,"First and foremost, the scale effect discussed previously (see paragraph (ii) above), resulting in a reduction of operating costs per unit under management and an increase in the asset base supporting the fee structure, should control changes to costs.",0,Tobi_MA -134,"As a result, we have deemed the probability of occurrence of the risk “Negative impact of general economy and economic cycles in certain sectors on earnings, financial and asset position of portfolio companies” to be “low” as opposed to “possible” since the end of the third quarter of 2016/2017.",0,Tobi_MA -135,"This means growing opportunities to invest in companies and projects which will transform our environment and society for the better, while also offering the potential for sustainable financial returns.",0,Tobi_MA -136,"The Group promotes sport and the related values such as readiness for personal effort, discipline, teamwork and respect for the rules and other players.",0,Tobi_MA -137,"Moreover, these devices are twinned in a remote backup data centre; security: Data drives are completely isolated from theP computer network.",0,Tobi_MA -138,"In accordance with German law, the members of the Supervisory Board must be reliable, must have the expertise required to perform their control function and to assess and monitor the businesses the company operates, and must commit sufficient time to the performance of their tasks.",1,Tobi_MA -139,Consequently we consider sustainability a “principal risk” which means that we recognise the considerable threats and the potential benefits that sustainability risk could have on our business and that of the companies that we invest in.,0,Tobi_MA -140,"Fondul Proprietatea, the Romanian-listed fund that now has a secondary listing in London, suffered due to its 40% exposure to the oil & gas sector.",0,Tobi_MA -141,"We were pleased to enhance the Board’s skills in this area through the appointment of Dev Sanyal, who has deep experience in sustainable energy, in particular solar, wind energy and hydrogen, and bioenergy integrated low carbon power.",0,Tobi_MA -142,Of the 191 Directors and employees at period end: one of 11 Directors; seven of 27 senior managers; and 49 of 180 staff were females.,0,Tobi_MA -143,"Culture The Directors are of the opinion that establishing and maintaining a healthy corporate culture amongst the Board and in its interaction with the Investment Manager, Shareholders and other stakeholders will support the delivery of its purpose, values and strategy.",1,Tobi_MA -144,"We are committed to working with all our suppliers and stakeholders to help end slavery, human trafficking, child labour or any other abuse of human rights.",0,Tobi_MA -145,Fees are accrued monthly and charged when the work has been completed.,0,Tobi_MA -146,Decarbonising industrial processes which generate excess heat remains one of the major challenges in the global fight against climate change – and the electrification of industrial heat is emerging as a significant decarbonisation opportunity.,0,Tobi_MA -147,The valuation of investment property inherently captures the impact of climate change if it were located in an area subject to climate change events.,0,Tobi_MA -148,"Total Eren is also developing numerous projects worldwide and has a portfolio of more than 2GW of assets under development, with the objective of achieving a net installed capacity of at least 3GW by 2023.",0,Tobi_MA -149,"In line with the Group's remuneration policy, the Company awarded free shares to Group employees as part of their variable remuneration for 2017 and 2018, under five free share plans for eligible employees and corporate officers of the Company or related companies or corporate groups, approved by the Manager on 30 March 2018 (for the two plans corresponding to the variable remuneration in respect of 2017), and on 18 February 2019 (for the three plans corresponding to the variable remuneration in respect of 2018).",0,Tobi_MA -150,"Its NAV decline of 9% was further exacerbated by the Romanian Leu falling by 5% versus the British Pound, costing British Empire 0.29% of NAV in total.",0,Tobi_MA -151,"In addition to formal Board meetings, the Chair maintains regular contact throughout the year with the Chief Executive, Chief Financial Officer and members of the Group Executive Committee to discuss specific issues.",0,Tobi_MA -152,"The total compensation is calculated on the basis of 2,314 employees as at 31 December 2013.",0,Tobi_MA -153,Environment 40% of the responding companies had an environmental management system (EMS) in place and 7% were in the process of introducing one.,0,Tobi_MA -154,"The calculation of the severance payment is based on the annual compensation for the previous financial year and on the expected annual compensation for the current financial year, if applicable.",0,Tobi_MA -155,Net investment income better reflects the performance of assets invested by SCOR and therefore has replaced the investment income disclosed in the 2011 Registration Document and previous financial reporting.,0,Tobi_MA -156,"M&G Investments manages over 85% of the assets in the With-Profits Fund, with the remainder managed by firms which are not part of M&G plc.",0,Tobi_MA -157,"Accordingly, there are no differences in policy on the remuneration of Directors and the remuneration of employees.",0,Tobi_MA -158,Global Compact and to the “Principles for sustainable insurance”.,0,Tobi_MA -159,These factors are considered attractive for Tikehau Capital’s investor clients and seem to have contributed positively to the rapid growth of the Group’s assets under management in the past.,0,Tobi_MA -160,Our business is built on trust and we don’t take that lightly.,0,Tobi_MA -161,"Other than the service condition, there are no other performance conditions associated with this plan.",0,Tobi_MA -162,Tikehau Capital appointed a responsible investment specialist stemming from DWS' teams to the Advisory Board of the T2 Energy Transition Fund.,1,Tobi_MA -163,"We strive to promote sustainable standards that will balance the need to enhance our profitability while minimizing the risk that any association, action or inaction is perceived by stakeholders to be inappropriate, unethical or inconsistent with our values and beliefs.",1,Tobi_MA -164,Committee membership was reviewed in February 2022.,0,Tobi_MA -165,Appointments are made on merit and against objective criteria; care is taken to ascertain that appointees have sufficient time available to devote to their position.,0,Tobi_MA -166,"The trust is a fiduciary relationship in which the legal ownership of assets is undertaken by the trustee (in this case DBS Trustee Limited), which is responsible for holding it on behalf of the beneficial owners (in this case the holders of the listed shares in the trust).",0,Tobi_MA -167,Commitments to Board of Management members initially appointed to the Board up to 1 January 2001 for the first time provide for defined annual pension benefits.,0,Tobi_MA -168,"Limitations of scenario analysis As with any model, a wide range of assumptions which may or may not be true in practice underpin the calculated results.",0,Tobi_MA -169,"We measure our financial performance using the following key performance measures: IFRS profit before tax, adjusted operating profit before tax, net client flows (excluding Heritage), AUMA, shareholder Solvency II coverage ratio, total capital generation and operating capital generation.",0,Tobi_MA -170,These payments also include followon remuneration for former Board of Management members arising from older investments (investments agreed up to 31 December 2000 or entered into from 2001 to 2006).,0,Tobi_MA -171,"This includes ensuring each part of our business and M&G plc as a whole has sufficient resources to cover outgoing cash flows, under a range of severe but plausible scenarios.",0,Tobi_MA -172,"Accordingly, due to exceptional items that increased costs and reduced revenue against plan – primarily due to closing the thematic global equity strategy – the annual variable compensation proposal that was recommended for approval by the Committee included a voluntary zero cash bonus for all Executive Directors.",0,Tobi_MA -173,Compliance: The structure of the system and the determination of the individual compensation comply with all statutory and regulatory requirements.,1,Tobi_MA -174,"The Board understood and recognised the need to constantly adapt and modify available resources to help colleagues access remote well-being support, advice and resources.",0,Tobi_MA -175,Any such catastrophic event may generate insured losses in one or more of the Group’s lines of business.,0,Tobi_MA -176,For the performance fee and fees from securities lending transactions this is when based on the contractual provisions any uncertainty from the performance-related nature of the fee component has been fully removed.,0,Tobi_MA -177,"Smaller Companies Investment Trust plc, Shires Income plc, Mobeus Income & Growth 4 VCT plc and Witan Pacific Investment Trust PLC.",0,Tobi_MA -178,Emission factor: Scope 1 and 3 reporting uses the UK DEFRA 2021 GHG Conversion Factors.,0,Tobi_MA -179,"This fosters a culture of integrity and conduct that is based on engagement with our clients, shareholders, regulators, employees and the broader community.",1,Tobi_MA -180,"With €22 billion in assets under management as at 31 December 2018 (1), Tikehau Capital firstly operates, within its Asset Management activity, comprising four business lines: Private Debt (see Section 1.4.2(a) (Private Debt activity) of this Registration Document), Real Estate (see Section 1.4.2(b) (Real Estate activity) of this Registration Document), Liquid Strategies (fixed income management/balanced and equities management) (see Section 1.4.2(c) (Liquid Strategies activity) of this Registration Document) and Private Equity (see Section 1.4.2(d) (Private Equity activity) of this Registration Document), and secondly, within its Direct Investments activity (see Section 1.4.3 (Direct Investments activity) of this Registration Document).",0,Tobi_MA -181,The dedicated T2 management fund is composed of Tikehau IM professionals and energy specialists seconded by Total.,0,Tobi_MA -182,"At the end of the purchase cycle, the acquired stock is matched in a ratio of one to one up to a maximum of ten free shares, provided that the employee remains at Deutsche Bank Group for another year.",0,Tobi_MA -183,The shareholder is indirectly exposed to interest rate risk through the value of future shareholder transfers from with-profits business and charges levied on unit-linked and asset management business.,0,Tobi_MA -184,"For longer durations where limited bond information is available, reasonable yield curve extrapolation methods are applied using respective actual swap rates and credit spread assumptions.",0,Tobi_MA -185,Climate impact on our investment portfolio We have conducted detailed work with analytics providers on scenario analysis to evaluate how various climate scenarios could affect the future value of our AUMA.,0,Tobi_MA -186,"The Risk and Audit Committees at M&G plc and subsidiary levels collectively monitor outstanding actions and embed plans in these and other areas, and ensure sufficient resource and focus is in place to resolve such actions within a reasonable timeframe.",1,Tobi_MA -187,"In case an award is modified such that its fair value immediately after modification exceeds its fair value immediately prior to modification, a re-measurement takes place and the resulting increase in fair value is recognized as additional compensation expense in the consolidated financials of the Group.",0,Tobi_MA -188,"Your Board thanks him for his wise counsel, commitment and for his considerable contribution since the inception of the Company.",0,Tobi_MA -189,"In addition, the Group aims to implement a platform to review ESG scores for investments by 2020, to enable it to identify ESG and climate risks and opportunities.",1,Tobi_MA -190,Financial assets increased by 7.9 million euros because the subsidiary is now included at its net asset value.,0,Tobi_MA -191,Greenhouse Gas Emissions Statement We have compiled our global greenhouse gas (GHG) emissions in accordance with the Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018.,0,Tobi_MA -192,"In particular, the requirements set by local regulators can vary significantly and broadly determine the design and financing of the benefit plans.",0,Tobi_MA -193,As a result we have purchased carbon off-sets which cover our business travel and estimated colleague homeworking emissions in 2021.,0,Tobi_MA -194,The Manager representatives are involved in developing ESG and Climate policies.,1,Tobi_MA -195,"Microsoft, Nestlé, PepsiCo and Unilever have also joined the Business Alliance for Water and Climate (“BAFWAC”), which commits them to reducing water consumption in their respective supply chains in three ways: analysing, measuring and reducing.",0,Tobi_MA -196,"Through its innovative ThermalBattery™ energy storage solutions, EnergyNest enables the transfer of industrial waste heat into electricity and the use of renewable power in industrial heat processes.",0,Tobi_MA -197,"As at 31 December 2011, the calculation of debt taken into account in the ratio did not exclude accrued interest and therefore the ratio published in the 2011 Registration Document and previous financial reporting was 18.1% as at 31 December 2011.",0,Tobi_MA -198,Dr Woehrmann is the Chairman of the Supervisory Board of DWS Group entity DWS Investment GmbH.,0,Tobi_MA -199,The Directors are satisfied with the credit quality of counterparties representing balances neither past due nor impaired.,0,Tobi_MA -200,"Tikehau Capital has also begun to accelerate its commercial development outside Europe, particularly in priority countries in Asia, Oceania and North America.",0,Tobi_MA -201,The Supervisory Board agreed for the Audit and Risk Committee to continue to monitor risks arising from a low interest rate environment.,0,Tobi_MA -202,The PAC Chair also has a regular dialogue with the Plc Chair to escalate any issues that are required.,1,Tobi_MA -203,"Processes are executed by multiple Front-Office and control functions (Investment Guidelines, Risk, Legal, and Compliance) and governed by policies, procedures, and oversight bodies (committees and regional/global management boards).",1,Tobi_MA -204,"They are paid by the entity that benefits from the investment at the time when the latter is made and remunerate the preparatory work done by the Asset Management company to set up the deal (auditing, structuring, search for partners, negotiation of financial and legal terms, etc.).",0,Tobi_MA -205,This risk may become more pronounced as a consequence of the impact of the COVID-19 pandemic on financial markets generally.,0,Tobi_MA -206,"Paris Agreement The Paris Agreement is an agreement within the United Nations Framework Convention on climate change, dealing with greenhouse gas emissions mitigation, adaptation, and finance, agreed in 2015.",0,Tobi_MA -207,"Sustainable Engagement was again positive at 75%, albeit lower than the 2020 outcome, resulting in threshold performance.",0,Tobi_MA -208,We are committed to procuring high quality off-sets externally verified by Gold Standard and Verified Carbon Standard and support the Oxford Principles for Net Zero Aligned Carbon Offsetting.,0,Tobi_MA -209,"Use of external accountants To prepare the statutory accounts of some of its companies as well as its consolidated accounts, the Group uses external accounting firms, which ensures regular control, in collaboration with Tikehau Capital Advisors, of the accounting documents and the processing of transactions impacting the Group.",0,Tobi_MA -210,For our non-UK offices salary review budgets are determined on the basis of economic and market data in each location.,0,Tobi_MA -211,Clare Chapman joined the Board on 15 March 2021.,0,Tobi_MA -212,"Indeed, under Regulation 575/2013/EU on prudential requirements for credit institutions and investment firms (the “CRR”), resulting from the Basel III Committee work, a retention rate of 5% of securitised assets is applied by law to the originating entities and therefore to Tikehau Capital Europe in the context of the management of its CLOs (the principle of the “retention piece”).",0,Tobi_MA -213,European assets invested abroad fell slightly due to the considerable increase in the value of the euro against other currencies in 2017.,0,Tobi_MA -214,"The CEO succession planning was discussed in prior years, and the Committee had recommended that CEO responsibilities should pass from Barry Olliff to Doug Allison in 2013.",0,Tobi_MA -215,"Governance Of the companies responding, 44% have appointed at least one independent member to the Supervisory Board or Board of Directors.",1,Tobi_MA -216,"The performance of the Fund Investment Services business segment requires an appreciable, preferably increasing level of managed and/or advised assets over the medium term; it is measured by sustainable growth in fee income for these services and its surplus over the relevant expenses.",0,Tobi_MA -217,"The Board believes that a flexible approach to share incentives, which encourages significant employee ownership, is consistent with both client expectations and shareholder objectives.",0,Tobi_MA -218,"The City of London Employee Benefit Trust (the “EBT”) (Resolution 10) In accordance with the Association of British Insurers’ Principles of Remuneration, the prior approval of shareholders should be obtained before 5% or more of the Company's issued share capital is held on behalf of the EBT.",0,Tobi_MA -219,Product innovation is fundamental for us to meet the requirements of our diversified client base.,0,Tobi_MA -220,Chief among these is scenario modelling.,0,Tobi_MA -221,Achieving an improved strategic position of the portfolio companies would justify deriving a higher multiple from that.,0,Tobi_MA -222,"Our climate strategy and targets Strategy Climate change, biodiversity loss and ecosystem collapse are now recognised as a global risk in terms of likelihood and impact, affecting all geographies, sectors and economies.",0,Tobi_MA -223,"Persistent or repeated attempts at fraud, conflicts of interest or circumvention of existing policies and controls could have an adverse effect on the Group’s reputation and cause regulatory investigations and financial losses.",1,Tobi_MA -224,"Other operating income includes 0.9 million euros from the reimbursement of consultancy expenses by the DBAG funds; in the previous year, this time had included 1.3 million euros from the reversal of provisions for performance-related emoluments.",0,Tobi_MA -225,"Continuing to embed sustainability Last year, we committed to embedding sustainability across everything we do in our business, to help us deliver better long-term outcomes for our customers and clients, and stronger more resilient returns to shareholders.",0,Tobi_MA -226,The Group’s total net income (loss) from equity method investments is € 42 million in 2019 (2018: € 43 million).,0,Tobi_MA -227,"In our joint capacity as an asset manager and an asset owner, we are developing our resilience by transitioning to net zero through a mix of portfolio decarbonisation, investee engagement and ESG integrated investment approaches.",1,Tobi_MA -228,The total nominal amount of the bonds with warrants and convertible bonds may not exceed a total value of € 600 million.,0,Tobi_MA -229,"We have fulfilled our ethical responsibilities under, and we remain independent of the Company in accordance with, UK ethical requirements including the FRC Ethical Standard as applied to public interest entities.",1,Tobi_MA -230,"Throughout 2017, 1,000,000 warrants were granted to employees in the Group.",0,Tobi_MA -231,"If interviews are successful the Committee will make a recommendation to the Board covering skills, experience, time commitment and availability, diversity (ethnicity, gender and thought) and, in the case of Non-Executives, independence.",1,Tobi_MA -232,"Tikehau Capital is a Director on the Board of Directors of Claranet International Limited, parent company of the Claranet group and Director on the Board of Directors of Claranet Group Limited, Claranet group’s operating company.",0,Tobi_MA -233,"Pioneer in the clean energy value chain sector – Total Eren seeks to create and respond to new opportunities to deploy its fleet of power stations internationally, in countries committed to extending their generation capacity using renewables, or to energy-hungry industrial clients looking to cut the cost and environmental impact of their power supply.",0,Tobi_MA -234,"ESG Short for “Environmental, Social and Governance”.",1,Tobi_MA -235,Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.,0,Tobi_MA -236,"In particular, we announced that we target an adjusted costincome ratio of ~70% by the end of 2019 on the assumption of flat revenues year-on-year.",0,Tobi_MA -237,As a result an analysis of the Group’s assets by contractual maturity is not considered appropriate to evaluate the nature and extent of the Group’s liquidity risk.,0,Tobi_MA -238,"When referring to our investment net zero targets this includes Scopes 1, 2 and 3 carbon emissions (including investments, operations, supply chain).",0,Tobi_MA -239,"The awards total £1,070,000 and will be converted into a number of shares subject to award based upon the share price following the announcement of the Group’s results for the year.",0,Tobi_MA -240,The model produces key outputs of Value at Risk and Temperature Alignment for each year of the projection period.,0,Tobi_MA -241,A shareholder may appoint more than one proxy in relation to the Annual General Meeting provided that each proxy is appointed to exercise the rights attached to a different share or shares held by that shareholder.,0,Tobi_MA -242,An insurance policy for fire or flooding mitigates the associated financial risk.,0,Tobi_MA -243,"In total, 495 Group staff from 10 countries enrolled in the eleventh cycle that began in November 2019.",0,Tobi_MA -244,"To this end, the authorised intermediary and account-holder notifies the Company or its representative of the transfer of ownership and provides all necessary information.",0,Tobi_MA -245,The company is benefiting from the growing proportion of electrical and electronic components in vehicles and from the trend among original equipment manufacturers (OEMs) and suppliers towards outsourcing parts of their production.,0,Tobi_MA -246,During 2021 we made changes to our offices to reflect how our colleagues will use our spaces moving forward.,0,Tobi_MA -247,"In 2013, on average, approximately 18 hours of training were followed per employee.",0,Tobi_MA -248,The Board sets out its investment policies on page 34.,0,Tobi_MA -249,"Management incentives are now closely aligned to returning capital to shareholders through asset sales, which we believe is key to extracting value from this company.",0,Tobi_MA -250,ESG focus Environmental and climate issues have been a focus of the Board’s agenda in 2021.,1,Tobi_MA -251,Normal market conditions apply.,0,Tobi_MA -252,"Compensation expense is recorded on a straight-line basis over the period in which employees perform services to which the awards relate, or over the period of the tranches for those awards delivered in tranches.",0,Tobi_MA -253,All shares in Deutsche Beteiligungs AG are no-par value registered shares in financial year 2016/2017.,0,Tobi_MA -254,"In some geographies there is limited data and incomplete historical monitoring, and so the model is enhanced using simulated events set to forecast the impact of projected climate perils.",0,Tobi_MA -255,"However, based on its business activity, DBAG has the economic intention of providing finances to the co-investment vehicles in cases of investment decisions by DBAG funds for the purposes of profitably investing its capital and of aligning its interest with that of the fund investors.",0,Tobi_MA -256,"In addition, the applicable regulations could hinder the development of the Group’s business, increase its operating costs or prevent it from implementing its development or reorganisation plans.",0,Tobi_MA -257,It also produces hand-moulded castings of highly sophisticated engine blocks (cylinder crankcases) for large diesel and gas engines.,0,Tobi_MA -258,Evaluates the appropriateness of accounting policies used andP the reasonableness of accounting estimates and related disclosures made by management in the consolidated financial statements.,0,Tobi_MA -259,"Where hot-spots have been identified, we will undertake further analysis to evaluate asset specific exposure and climate resilience.",0,Tobi_MA -260,"Risk assessments We have an Environmental Policy which is applicable to all of our offices internationally which details the requirements we have set for our own environmental footprint from the operation of our buildings, business related travel and our supply chain.",0,Tobi_MA -261,The companies are governed by French law unless otherwise stated.,0,Tobi_MA -262,We have formal processes of training and accreditation to advance and motivate our employees in order to support the continuity of our client engagement business model.,0,Tobi_MA -263,Personal accident is a cover provided by SCOR Global Life.,0,Tobi_MA -264,"Here, there are no new climate policies introduced beyond those already implemented.",0,Tobi_MA -265,Aspire is providing 12-month secondments in investment and client focused distribution roles.,0,Tobi_MA -266,Our priority for 2022 is to develop an appropriate NZAOA interim carbon emission reduction target for 2030 and will continue to build on this with the addition of targets for our externally-managed portfolios.,0,Tobi_MA -267,"The expected benefits from future or completed acquisitions may not materialise in the timeframe and at levels expected and could affect the financial position and earnings of Tikehau Capital, as well as its prospects.",0,Tobi_MA -268,"In addition, the emergence of details of a new COVID variant, Omicron, in late November also contributed to spreads widening.",0,Tobi_MA -269,DB Group has an independent specialised valuation control group within its Finance function which governs and develops the valuation control framework and manages the valuation control processes which covers the valuation of financial instruments across all levels of the fair value hierarchy.,0,Tobi_MA -270,"Since these contracts are easily renewable, the cost of renewal is minimal, and they have a long history of renewal, these agreements are not expected to have a foreseeable limit on the contract period.",0,Tobi_MA -271,"Filling carbon data gaps In order to understand and manage climate risk in our investment portfolios, and guide our transition towards net zero, we need to be able to assess and monitor portfolio level carbon emissions closely.",0,Tobi_MA -272,"In this context, the Group's recruitment policy aims to promote, wherever possible, applications from women, whenever there are vacancies, and particularly for investment roles.",0,Tobi_MA -273,"As a result, more countries are deferring the statutory retirement age, which in turn is leading to a widening savings gap.",0,Tobi_MA -274,Unit value of the share on the allocation date: €23.74 corresponding to the share price on 29 March 2018 (€25.80) to which an 8% discount is applied to take into account the absence of dividend rights over the vesting period.,0,Tobi_MA -275,During 2021 we delivered many sessions on this topic to leaders and their teams.,0,Tobi_MA -276,"The Head of Risk is responsible for the organisation of this Committee, and in particular has the role of ensuring (i) the presence and participation of its members, (ii) the quality of the valuation documents presented and the consistency of the methods used, and (iii) that decisions on valuations adopted are written up in reports.",0,Tobi_MA -277,Governance manuals have been updated in response to the Board’s Governance review.,1,Tobi_MA -278,"In January 2019, one-off IPO related awards under the DWS Equity Plan - DWS Performance Share Units (PSUs) were granted to each Executive Board member in the amount of € 1,000,000 (for full-time employment).",0,Tobi_MA -279,"The term ‘segment manager’ also identifies a function, not necessary a single manager with a specific title.",0,Tobi_MA -280,The Group has set out its commitments under the Paris objective to net zero carbon emissions by 2030 within their own business and 2050 across all investments portfolios in Climate change and TCFD disclosures on page 45.,1,Tobi_MA -281,We currently operate in these markets under the P-Solve and Meridian brands.,0,Tobi_MA -282,"Created in 1828, Bureau Veritas is a global leader in Testing, Inspection and Certification (‘TIC’), delivering high quality services to help clients meet the growing challenges of quality, safety, environmental protection and social responsibility.",0,Tobi_MA -283,"This included 862 colleagues who dedicated 7,280 hours of volunteer service in their communities.",0,Tobi_MA -284,"However, climate is one of many interconnected environmental systems on Earth, which carry potentially catastrophic economic and social risks if human activity puts too much strain on them.",0,Tobi_MA -285,"In 2018, the Group continued its internationalisation strategy with the opening of an office in New York in 2018 and Tokyo in 2019.",0,Tobi_MA -286,"Under IAS 19: Employee Benefits and IFRIC 14: IAS 19-The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction, the Group can only recognise a surplus to the extent that it is able to access the surplus either through an unconditional right of refund or through reduced future contributions relating to ongoing service of active members.",0,Tobi_MA -287,Both legal restructurings took place as at 1 January 2013.,0,Tobi_MA -288,"Although it has no legal or regulatory obligation to compensate the losses suffered by its funds, Tikehau Capital could decide on a voluntary basis to provide financial assistance to its funds suffering significant losses, particularly in order to ensure that its clients do not withdraw their assets quickly.",0,Tobi_MA -289,"Further, the committee received regular reports on the impact of long-term interest rates on DWS Group and discussed related management actions with the Chief Risk Officer.",0,Tobi_MA -290,"We are a leading asset manager with € 767 billion in assets under management (AuM) as at December 31, 2019.",0,Tobi_MA -291,"In reaching this conclusion the Board has considered budgeted and projected results of the business including a formal five year plan for the Group with several scenarios, projected cash flow and regulatory capital requirements, and the risks that could impact on the Group’s liquidity and solvency over the next 12 months.",0,Tobi_MA -292,The audit opinion expressed above is consistent with our report to the Audit Committee.,1,Tobi_MA -293,The information reported by the Company concerning the remuneration of its corporate officers (Manager and members of the Supervisory Board) are described and justified in Section 4.3.1 (Remuneration of the Manager-General Partner) of this Registration Document.,0,Tobi_MA -294,"Sustainable investment opportunities In 2021 we grew our Planet + range of sustainably-focused products to 20, with c.£5 billion in AUMA.",0,Tobi_MA -295,"This improvement is related to the focus on improving investment performance, the development and launch of in demand investment strategies, and proactive steps to deliver investment propositions with more sustainable outcomes.",0,Tobi_MA -296,"This includes establishing the investment objectives, strategy and benchmarks, the permitted types or categories of investments, the markets in which transactions may be undertaken, the level of permitted gearing and borrowings, the amount or proportion of the assets that may be invested in any category of investment or in any one investment, and the Company’s treasury and share buyback policies.",0,Tobi_MA -297,The Non-executive Directors Session has been put in place in 2012.,0,Tobi_MA -298,"While COVID-19 restrictions have made the traditional in-person meetings difficult, we nonetheless view the AGM as a critical point of engagement with shareholders and we strive to ensure your voting support remains at the high levels we have seen in 2021.",0,Tobi_MA -299,"We have also read the disclosures of climate related information in the front half of the annual report and accounts as set out on pages 44 to 57, and considered consistency with the financial statements and our audit knowledge.",0,Tobi_MA -300,"Our Catalyst strategy has already committed over £1.2 billion to sustainably-focused private assets, and just after the financial year closed we announced our plans to further bolster our capacity in this area by acquiring a controlling stake in responsAbility, a leading player in impact investing, based in Europe and specialising in emerging markets.",0,Tobi_MA -301,"The capital reserve comprises, unchanged, amounts achieved in the issuance of shares in excess of the nominal value.",0,Tobi_MA -302,"Despite the partial data coverage, this gives an indication of how each portfolio might behave in each scenario.",0,Tobi_MA -303,The four objectives above are equally weighted at 25% of the target figure for the Deutsche Bank Group component of the STA.,0,Tobi_MA -304,Where necessary the Chairman discusses the responses with each Director individually.,0,Tobi_MA -305,We were also delighted to announce our new Board Chair on 24 February 2022.,0,Tobi_MA -306,"All scenario analysis is, by its nature, uncertain.",0,Tobi_MA -307,We have reported our Scope 2 emissions using both the location and market-based methods in line with the GHG Protocol Scope 2 Guidance.,0,Tobi_MA -308,"This year, we partnered with the Leonard Cheshire Change 100 scheme, an initiative to support students with disabilities to gain work placements.",0,Tobi_MA -309,Also a Director of First Integrity Limited and Peckwater Limited.,0,Tobi_MA -310,Details of the Board’s Committees and their composition are set out on page 44 of this Report.,0,Tobi_MA -311,The agreed upon procedures did not constitute an audit engagement or a review of the Half Year Report.,1,Tobi_MA -312,The Board continues to believe that Paul Bradshaw is an independent Chairman for Code purposes.,1,Tobi_MA -313,"Regulation applicable to UCITS managers Tikehau IM and Sofidy manage and market UCITS in the European Union, and therefore must comply with strict rules on internal organisation, including requirements with regard to risk management and conflicts of interest, as well as rules of good conduct relating in particular to the amount of fees charged or information to be provided to clients.",1,Tobi_MA -314,"We are convinced that good deals have no wheels, and that local footprint is a key differentiating factor.",0,Tobi_MA -315,"Where the terms and conditions of options are modified before they vest, the change in the fair value of the options, measured immediately before and after the modifications, is recognised in the consolidated income statement over the remaining vesting period.",0,Tobi_MA -316,"Our HR Framework includes policies and standards for Diversity and Inclusion, Employee Relations, Remuneration, Talent, Resourcing, Performance and Learning.",0,Tobi_MA -317,"Dev’s indepth experience of sustainability and finance from his 32-year career at BP – where he led the company’s entry into solar and offshore wind power – and from his current role as Chief Executive Officer of VARO Energy Group AG, will be invaluable to us as M&G continues to embed sustainability in everything we do.",0,Tobi_MA -318,Most employees expressed alignment with the Group's values.,0,Tobi_MA -319,The purchase price to be paid per share upon exercise of the put options or upon the maturity of the forward purchase may not exceed by more than 10% or fall below 10% of the average of the share prices (closing auction prices of the DWS share in Xetra trading and/or in a comparable successor system on the Frankfurt Stock Exchange) on the last three stock exchange trading days before conclusion of the respective transaction in each case excluding ancillary purchase costs but taking into account the option premium received.,0,Tobi_MA -320,"This approach is in line with work done at the level of France Invest, the main French trade association for private investors, on the collaboration between stakeholders.",0,Tobi_MA -321,"When TREIC invests in vehicles managed by the Group, it is intended that the former will receive 25% of the carried interest from the vehicles concerned.",0,Tobi_MA -322,We also acknowledged the Board of Management’s risk report.,0,Tobi_MA -323,It reconciles its participants’ greenhouse gas emissions reduction targets (typically varying by 10% to 75% on scope 1 and 2) with the science-based climate data.,0,Tobi_MA -324,"The firm’s mandatory all-employee training, which was introduced for Board members in Q4 2021, included sessions on Customer Vulnerability.",0,Tobi_MA -325,The Executive Board steers DWS KGaA and its subsidiaries based on uniform policies and generally controls the entities of DWS Group within the limits of applicable laws.,1,Tobi_MA -326,They show the part of the benefit obligations that has been recognised in profit or loss by the reporting date.,0,Tobi_MA -327,"We have however ensured that the models have good coverage across all key funds and biggest counterparties, and cover three of our most significant asset classes: equities, debt securities and real estate.",0,Tobi_MA -328,Our success is based on a culture of professionalism and mutual respect.,0,Tobi_MA -329,"Mr Mathieu Chabran, who are inter alia owners of a portion of the share capital of Tikehau Capital Advisors, does not reflect an executive’s managerial incentive within the meaning of the AFEP-MEDEF Code.",0,Tobi_MA -330,Weighted Average Carbon Intensity: arithmetical3) average carbon intensities of portfolio companies weighted by their portfolio weights which allows exposure to high emission companies to be assessed.,0,Tobi_MA -331,"M&G plc will seek authority from its shareholders on an annual basis to issue shares up to a maximum amount, of which a defined number may be issued without preemption.",0,Tobi_MA -332,The fair value of the performance shares over and above the price paid for them by the employees was charged to the income statement.,0,Tobi_MA -333,"This study resulted in six patents and a review of the full operational installation: from the preparation of the wood (delivery, cutting and drying), to carbonisation and production of electricity with the pyrolysis gas produced by carbonisation.",0,Tobi_MA -334,"We have an infrastructure that has the capacity to support additional products and teams, we have the marketing resource, and we are keen to add to our Emerging Market capability, in particular as regards equities and perhaps bonds.",0,Tobi_MA -335,Our testing identified weaknesses in the design and operation of controls.,0,Tobi_MA -336,"Therefore the Group would only exit this position in the case of a significant diminution in value, or if the fund was closing or a third party buyer could be found.",0,Tobi_MA -337,"Where no market data is available for a particular instrument then pricing inputs are determined by assessing other relevant sources of information such as historical data, fundamental analysis of the economics of the transaction and proxy information from similar transactions, and making appropriate adjustments to reflect the actual instrument being valued and current market conditions.",0,Tobi_MA -338,"This procedure is based on regulations governing Tikehau Capital’s business and generally accepted professional codes of conduct, including key professional associations (AFG, France Invest) of which Tikehau Capital is a member.",1,Tobi_MA -339,"The bond issue agreement provides that any bondholder may obtain early redemption or repurchase of all or part of the bonds he owns at a price equal to the nominal value of the bonds (or, where applicable, the redemption price) plus accrued interest (See Section 2.2.4 (Liquidity and Capital Resources) of this Registration Document).",0,Tobi_MA -340,This Section describes the internal control procedures relating to the preparation and processing of Tikehau Capital’s financial and accounting information as they exist as at the registration date of this Registration Document.,1,Tobi_MA -341,ESG factors when determining our corporate strategy and new business initiatives.,1,Tobi_MA -342,"The search for return has always been there, but it seems clear that offering higher return ways for investors to increase wealth, at what might be considered a reasonable price, will be an increasing trend going forward.",0,Tobi_MA -343,"Lastly, it should be stated that around 60 senior corporate members have joined together to invest in a structure which owns an equity interest in Tikehau Capital Advisors and which receives 20% of the carried interest available on the funds managed by the Group.",0,Tobi_MA -344,The Company is committed to ensuring that any vacancies arising are filled by the most qualified candidates and recognises the value of diversity in the composition of the Board.,0,Tobi_MA -345,"Deutsche Telekom, which accounted for more than 51% of IREIT’s gross rental income as at 31 December 2018, has set ambitious targets for reducing its energy consumption and won the National German Sustainability Award in 2017.",0,Tobi_MA -346,Active Capital Management and Operational Efficiency Our seventh strategic priority is Active Capital Management and Operational Efficiency.,0,Tobi_MA -347,AUM/NUM The growth of our net management fee revenue results from the growth of our assets and notional under management and the stability of our management fees charged to clients.,0,Tobi_MA -348,"In the Eurozone, the government debt burden in some countries, especially in Italy, is a risk due to the fragile political situation.",0,Tobi_MA -349,"Tenure, election, reappointment and removal of Directors Directors are typically appointed by the Board and then put forward for election by shareholders at the subsequent AGM.",0,Tobi_MA -350,Carbonex's biomass power generation projects were selected for the Grenelle de l'Environnement (French environmental pact) in 2010 and for the French Energy Transition for Green Growth Act (wood-energy call for tenders) in 2017.,0,Tobi_MA -351,It can be considered a guide identifying sector leaders and engagement with the laggards to ultimately bring them into alignment.,0,Tobi_MA -352,In our opinion CEF’s are consumer products.,0,Tobi_MA -353,The fair value for the accounts shortfall is calculated with option pricing models using Monte-Carlo simulations including the behavioural risk of the client.,0,Tobi_MA -354,"Scope 1-2 for the Group This assessment was conducted on Scope 1, covering direct emissions from fixed or mobile sources controlled by the organisation, and Scope 2, covering indirect emissions associated with energy consumption.",0,Tobi_MA -355,"The Company has exposure to higher-yielding private debt arrangements, which may include debt securities of smaller companies, some of which may be privately owned, and thus may be less transparent in respect of environmental, social and governance and sustainability-related disclosures.",1,Tobi_MA -356,The spot rate on 21 October 2019 was used for the closing TSR.,0,Tobi_MA -357,"We receive regular briefings from Internal Audit throughout the year, and ask business owners to attend the Committee to explain actions being taken.",1,Tobi_MA -358,The financial statements of the material subsidiaries are prepared for the same accounting period as for the parent company.,0,Tobi_MA -359,The participation of ordinary shareholders in the General Shareholders’ Meeting of the Company takes place under the conditions provided for by law and the stipulations of Article 11.1 of the Company’s Articles of Association (See Section 4.2 (General Shareholders’ Meetings) of this Registration Document).,0,Tobi_MA -360,"Once every financial year, the Board of Management extensively informs the Audit Committee about DBAG’s risk exposure.",0,Tobi_MA -361,"The approach taken on external growth is one of flexibility, depending on the opportunities received or perceived and according to the strategy set by the Management, seeking the greatest complementarity with the Group’s existing activities.",0,Tobi_MA -362,Unit value of the share on the allocation date: €24.30 corresponding to the share price on 4 July 2018 (€27.00) to which a 10% discount was applied to take into account the absence of dividend rights over the vesting period.,0,Tobi_MA -363,Service Agreement between your company and the company Chardi Inc.,0,Tobi_MA -364,"Lines are open between 09:00-17:30, Monday to Friday excluding public holidays in England and Wales.",0,Tobi_MA -365,Certain colleagues have entitlement to higher levels of core benefits retained from their employment prior to 2020.,0,Tobi_MA -366,"Meantime the Group’s other products experienced different fortunes, with the Developed CEF and Frontier products performing strongly, but the Emerging Markets and Natural Resource equity strategies faring significantly less well.",0,Tobi_MA -367,Regular reports on investor sentiment and industry issues from the Company’s broker are submitted to the Board.,0,Tobi_MA -368,"Matters considered during the year During the year under review, the Audit Committee has ensured the effective assessment of the Company’s evolving risk environment, particularly given the continued challenging effects of the COVID-19 pandemic on the market for the majority of the year with markets recovering towards the end of the year.",0,Tobi_MA -369,"These are available to our analysts and investment teams to help them identify, understand and assess climate risks for different types of assets, drawing on a database of ESG information refreshed daily by our data vendors.",1,Tobi_MA -370,This capital increase was carried out with preferential subscription rights maintained at a price of €21 per new share and was subscribed in the amount of €239.8 million by cash contribution and €176.1 million by offsetting against debts with the equity convertible bonds issued by the Company in May 2015 (see Section 2.2.4 (Liquidity and Capital Resources) of this Registration Document).,0,Tobi_MA -371,"They may change or be modified due to uncertainties related in particular to the economic, financial, competitive and regulatory environment.",0,Tobi_MA -372,"The feedback provided was consolidated in a report, which was submitted – along with action items recommended by the Nomination Committee – to the Supervisory Board for its discussion and the adoption of measures.",0,Tobi_MA -373,"In early 2018, an accredited consultant on Greenhouse Gas Emissions Audits (referred to here by its French acronym “BEGES”) conducted an analysis of the offices in Paris, London, Brussels, Milan and Singapore.",1,Tobi_MA -374,"The Company has found that the issue of share awards to executives and employees has been a very useful tool in motivating and retaining key staff, and the Board intends to continue to maintain a flexible approach to share incentives and to seek to encourage significant employee ownership.",0,Tobi_MA -375,"In addition, the Group maintains unfunded contributory post-employment medical plans for a number of current and retired employees who are mainly located in the United States.",0,Tobi_MA -376,"As a result, the Board’s views on diversity principles are aligned with those expressed in the Hampton-Alexander Review regarding the proportion of women on boards and also the Parker Review about ethnic representation on boards, amongst other published commentaries.",0,Tobi_MA -377,Borrowings include operational borrowings attributable to shareholder-financed operations and other borrowings attributable to the With-Profits Fund.,0,Tobi_MA -378,"The score is an indicator of how we measure, disclose and manage our carbon emissions footprint.",0,Tobi_MA -379,Documents on display The terms and conditions of all Directors’ appointments are available for inspection at the Company’s registered office during normal business hours and at the AGM.,0,Tobi_MA -380,"Officer functions (Group Legal, Group Communication, Group Human Resources) and Group Chief Risk Officer expenses.",0,Tobi_MA -381,Our business is built on trust and we don’t take that lightly.,0,Tobi_MA -382,We have also made good progress towards pivoting the entire business towards sustainability.,0,Tobi_MA -383,Sustainability and Environmental Social Governance (ESG) risk has also been a key area of focus.,1,Tobi_MA -384,"Our plans to optimise and simplify our processes in the interests of our customers, business partners and employees will enable us to identify further opportunities for growth for the good of our business and to the benefit of the community.",0,Tobi_MA -385,These changes in the fair value of the guarantees will be reflected in Other Revenues.,0,Tobi_MA -386,Investments in companies whose performance is more strongly linked to consumer demand mitigate the effects of business cycles on the value of the portfolio.,0,Tobi_MA -387,"Carbon footprint of the diversified equity funds Tikehau Capital commissioned Trucost to carry out carbon benchmarks thanks to low exposure to the most polluting assessments of its main liquid funds at 31 December 2018. sectors (energy, materials, industries).",0,Tobi_MA -388,In particular we have seen continued growth in our DC Fiduciary model where we are the first provider to deliver a three year track record in this important arena.,0,Tobi_MA -389,Health represents a small proportion of SCOR Global Life’s portfolio.,0,Tobi_MA -390,Each member of the Supervisory Board should be able to build productive partnerships with key constituents including fellow Supervisory and Executive Board members.,0,Tobi_MA -391,"The new fee that will apply from the appointment date will be £525,000 per annum.",0,Tobi_MA -392,"We think giving people what they need from their homes now and in the future makes sense for the environment, for our business, and for our customers, who include millions of pensioners, savers and Prudential policyholders.",0,Tobi_MA -393,Consideration of individual performance The Committee considered performance assessments for the Executive Directors and concluded that the formulaic outcome of the STI was appropriate in the context of their personal contribution over the performance period.,0,Tobi_MA -394,"As such, Tikehau IM Asia and IREIT Global Group are subject to the laws, regulations, guidelines and recommendations laid down by MAS.",0,Tobi_MA -395,"In 2018, attendance fees were paid to him in respect of his duties as member of the Supervisory Board in 2017.",0,Tobi_MA -396,There will be only minor changes to the current accounting for lessors.,0,Tobi_MA -397,It will remain flexible in adding risk to the portfolio from both public and private markets as and when it sees value.,0,Tobi_MA -398,We attach particular importance to nurturing a corporate culture in which loyalty to the Company can prosper.,0,Tobi_MA -399,The Syndicated Credit Agreement provides for the option for each lender not to finance its participation of any possible drawdown and to terminate its commitment in the event of a change of control of the Company.,0,Tobi_MA -400,We also launched a green energy switching service for our UK colleagues.,0,Tobi_MA -401,These broadly align to the orderly 2°C scenario and a 4°C scenario.,0,Tobi_MA -402,The spend was split between a 4.25% budget for the majority of the workforce and 3% for those in senior management positions (with some variation in our international locations to reflect market conditions).,0,Tobi_MA -403,"We operate an International Sharesave in all other locations, providing the same opportunity as the UK Sharesave, subject to the rules/regulations that apply in each location.",0,Tobi_MA -404,This analysis enables us to assess the exposure of our portfolio to climate risk on a forward-looking basis using various scenarios.,0,Tobi_MA -405,Flagship programmes (urban regeneration; economic empowerment; and skills and education) support all our strategic priorities.,0,Tobi_MA -406,"While the US is still expected to show positive growth, the Eurozone is likely to achieve only a slight positive expansion in 2020.",0,Tobi_MA -407,"Like a stock corporation, the share capital of a KGaA is held by its shareholders.",0,Tobi_MA -408,"As outlined in the Company’s Prospectus at the time of the IPO, before the Company’s fifth Annual General Meeting in 2024, the Board will formulate and submit proposals (which may constitute a tender offer or other method of distribution) to provide Shareholders with an opportunity to realise the value of their Ordinary Shares at Net Asset Value per Ordinary Share less costs.",0,Tobi_MA -409,The Audit Committee reviews the Annual Report as a whole and makes recommendations to the Board.,1,Tobi_MA -410,"Local and responsible production – Buoyed by its new technology, Carbonex has been able to relocate the production of wood charcoal and briquettes in France, improve quality control, significantly reduce the use of fossil energy and avoid deforestation.",0,Tobi_MA -411,"As a business regulated by the UK Financial Conduct Authority, we hold prudent levels of capital resource in order to ensure our financial stability.",0,Tobi_MA -412,All plan assumptions that have an impact on cash are included in the projection of financial resources.,0,Tobi_MA -413,"Regarding the estimate of the long-term results of the selected portfolio companies, we verified that this estimate had been derived from the individual company projections and had been approved at the level of the portfolio company by the latter’s supervisory body.",0,Tobi_MA -414,We have a zero waste to landfill commitment for our UK offices where we have operational control and promote this as best practice for all other offices.,0,Tobi_MA -415,"The Nomination Committee continues to lead transparent selections, with weight given to gender, ethnicity and diversity of thought.",0,Tobi_MA -416,The change in the balance of deferred tax assets and deferred tax liabilities does not equal the deferred tax expense/(benefit).,0,Tobi_MA -417,SASB The Sustainability Accounting Standards Board is an ESG guidance framework that sets standards for the disclosure of financially material sustainability information by companies to their investors.,1,Tobi_MA -418,Our M&G plc Supply Chain Modern Slavery Business Standard supports the management of Modern Slavery risk and how we approach third party supplier relationships.,0,Tobi_MA -419,"The review concluded that the Directors’ qualifications, effectiveness, performance and contribution to the Board are of a high standard.",1,Tobi_MA -420,"Options exercised in the context of a full donation for a total amount of EUR 1,174,495.9.",0,Tobi_MA -421,"In fulfilling its supervisory tasks, it monitored the General Partner and advised the Executive Board.",0,Tobi_MA -422,"Thus, in the event of the poor performance of the assets of funds that have employed leverage, the relevant funds and their shareholders or unitholders could see their position adversely affected by the existence of financing and the lending banks’ priority rights on the assets and income concerned.",0,Tobi_MA -423,"Waste We aim to reduce the volume of waste each of our offices generate, maximise recycling rates and minimise the amount we send to landfill.",0,Tobi_MA -424,It defines the high-risk and excluded sectors and behaviours.,0,Tobi_MA -425,"An example is our investment in Storegga Geotechnologies, which you can read more about on page 39.",0,Tobi_MA -426,The number of shares definitively acquired is based on the performance of a level of published revenues from the Group's Asset Management business as at 31 December 2019.,0,Tobi_MA -427,Our approach to scenario modelling is to incorporate bottom-up analysis (derived from security specific data) into a scenario parameterised in a topdown fashion.,0,Tobi_MA -428,"Through our second line assurance responsibilities, we’re ensuring that internal controls remain effective and that internal audit is providing strong third line assurance.",1,Tobi_MA -429,"Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.",0,Tobi_MA -430,Nature and purpose Amendment dated 20 December 2018 to the service agreement between your company and the company Parc Monceau SARL on 29 March 2017.,0,Tobi_MA -431,The expected credit loss model (ECL) is applicable to DWS Group.,0,Tobi_MA -432,"Under the equity method, the Group’s share of profit or loss of its joint ventures and associates is recognised in the income statement and its share of movements in other comprehensive income is recognised in other comprehensive income.",0,Tobi_MA -433,"Except for the employee representatives, the members of the Supervisory Board are elected by the shareholders of DWS KGaA at the General Meeting.",1,Tobi_MA -434,"Under a £107 million and two £53.6 million revolving loan facilities between the Company and the bank named therein as lender (Lender) dated 27 March 2019 (the Facility), in the event that any person or group of persons acting in concert directly or indirectly gains control of the Company and its subsidiaries, then the Lender may elect within a prescribed time frame to be replaced by a new lender, or to cancel its commitment, under the Facility whereupon the Company shall be required to repay each loan made to it, together with accrued interest and all other amounts accrued under the Facility, which shall in each case be immediately due and payable, on the last day of the interest period for that loan.",0,Tobi_MA -435,"The Company indirectly holds 18,878,569 ordinary shares in P-Solve Holdings Limited which carry 100% of the voting rights.",0,Tobi_MA -436,"The effects of the compensation systems on risk, capital and liquidity management shall be assessed and it shall be ensured that the compensation systems and the group-wide compensation strategy – in consideration of the corporate culture – are aligned to achieving the objectives set out in the business and risk strategies of DWS Group.",0,Tobi_MA -437,Dr Woehrmann has also assumed the responsibility for setting the overall DWS Group ESG and Sustainability strategy.,1,Tobi_MA -438,"As set out on page 77 of the Strategic Report, M&G plc faces the potential risk of the facilitation of financial crime and continues with the programme of work to ensure that the controls that operate across the Group are sufficiently comprehensive and resilient to mitigate this risk in line with relevant legal and regulatory requirements, and complete any necessary remediation where appropriate.",1,Tobi_MA -439,The largest suppliers in the period have been professional service firms.,0,Tobi_MA -440,Details of the Committee Members’ experience are given in the biographical information on page 38.,0,Tobi_MA -441,"The valuation guidelines set out further details on IPEVG provisions, insofar as the latter are vague or undefined, in order to allow them to be applied in intersubjectively clear terms to DBAG.",0,Tobi_MA -442,"In light of these Court rulings, at 31 December 2021 and 31 December 2020, the Group has recognised an estimated allowance for GMP equalisation within the IAS 19 valuation for all the UK schemes – comprising £43m for PSPS, £20m for SASPS, and £6m for M&GGPS as at 31 December 2021 (2020: £48m for PSPS, £21m for SASPS and £6m for M&GGPS).",0,Tobi_MA -443,"In the medium to long term, our operations and investment portfolios will be exposed to physical risks resulting from extreme weather events and to the impact of climate change on other environmental systems such as biodiversity and water, and through them on health, living standards and social stability.",0,Tobi_MA -444,"Executive Directors are eligible to participate in UK all-employee share plans, which currently comprises HMRC-approved Sharesave and SIP plans, on the same terms as other employees.",0,Tobi_MA -445,"Appointment of Proxy by Joint Shareholders In the case of joint shareholders, where more than one of the joint shareholders purports to appoint one or more proxies, only the purported appointment submitted by the most senior holder will be accepted.",0,Tobi_MA -446,"This independent spirit has forged an investment culture of conviction, sometimes going against market trends, in keeping with the desire of Tikehau Capital to provide enhanced added value for its investor clients.",0,Tobi_MA -447,"In the disorderly 2°C scenario, downside impacts to asset values are initially mild but then become greater after 2030, as greater investment is needed to adapt to climate change.",0,Tobi_MA -448,"Supporting our ambition to build the most inclusive culture, our colleagueled diversity networks provide invaluable support and networking opportunities for our people globally.",0,Tobi_MA -449,"As a result, there was no material impact from climate on our key audit matters.",1,Tobi_MA -450,Our focus on client outcomes aligns us with our clients and results in a business with low attrition rates.,0,Tobi_MA -451,"The Chief Human Resources and Director of Public Policy and Regulation retired at the end of 2021 and, as of 1 January 2022, the new combined role of Chief People and Corporate Affairs Officer was created as an Executive Committee member.",0,Tobi_MA -452,"Remuneration philosophy The Group’s remuneration philosophy is based on rewarding people for their individual performance, their division’s performance and the overall performance of the Group.",0,Tobi_MA -453,"The acquisition of Sofidy has enabled Tikehau Capital to expand its range of Real Estate funds and thus improve its business mix, to reach out to new investor categories and extend its know-how in the field of Real Estate investment solutions thanks to the strong synergies between the two groups.",0,Tobi_MA -454,"In addition, the Supervisory Board concurred with the proposal of the Executive Board for the appropriation of distributable profit and resolved the Report of the Supervisory Board.",0,Tobi_MA -455,Employees of the Real Estate activity 19 (excl.,0,Tobi_MA -456,"Specialised in plant chemistry, since 1932, the DRT group has developed rosin and turpentine extracted from pine resin.",0,Tobi_MA -457,"The Whistleblowing policy is supported by our Speak Out programme that includes different reporting channels, such as EthicsPoint which is a confidential reporting system provided by an independent external service provider.",1,Tobi_MA -458,"The Managers, with the power of sub-delegation under the conditions provided by law, enjoy the broadest powers to decide and implement said authorisation, to specify, if necessary, its terms, and the procedures for executing the share buyback and, in particular, to place any market order, enter into any agreement, allocate or reallocate the acquired shares to purposes allowed under applicable law and regulations, set the procedures for ensuring, where applicable, the rights of holders of securities giving access to equity or other rights giving access to equity in accordance with legal and regulatory provisions and, where applicable, enforce contractual clauses providing for other cases of adjustment, to make any disclosures to the AMF or any other competent authority and any other formalities and, generally speaking, to undertake any necessary actions.",1,Tobi_MA -459,Financial debt Financial debts are recognised at their historical cost.,0,Tobi_MA -460,"Within our equity portfolios, the assets that are exposed to greatest downside are our holdings in industrials, materials and energy, as companies operating in this sector are exposed to transition risk in the 4°C scenario, the sector most exposed to downside impacts is consumer discretionary, with industrials, materials and energy performing relatively better.",0,Tobi_MA -461,"Internally, presentations and training are delivered by Group employees and cover awareness on compliance, explanation of the various business lines and Group products, talent management (management, annual interviews, best recruitment and mentoring practice, welcome meetings for new recruits and business culture, etc.).",0,Tobi_MA -462,"We have updated the sustainability requirements in our Supplier Code of Conduct and now require all suppliers to have clear procedures in place to ensure direct and indirect environmental impacts associated with goods and services are understood, measured and managed.",1,Tobi_MA -463,"The audit partner was previously the engagement partner involved with the audit of PSG, P-Solve and RAMAM.",1,Tobi_MA -464,Similarly the remaining emissions will be offset.,0,Tobi_MA -465,"Total Eren held workshops on PV power, environmental protection and public health for local communities.",0,Tobi_MA -466,"The middle-office teams monitor, whenever the net asset value is published, that the valuation data used by the custodian comply with decisions taken and that all closing elements have been properly integrated.",0,Tobi_MA -467,"The Committee confirms that the non-audit work undertaken by the Company’s Auditor satisfies, and does not compromise, the tests of the Auditor’s independence, objectivity, effectiveness, resources and qualification.",1,Tobi_MA -468,The Board of Management knows of no other restrictions relating to voting rights or the transfer of shares.,0,Tobi_MA -469,"The membership of the Company’s Audit Committee comprises four independent non-executive Directors, namely Lynn Ruddick, David Cardale, Allan Bufferd, and Rian Dartnell.",1,Tobi_MA -470,"We earned a higher than planned margin on our annuity business due to favourable benefits from longevity and expense assumption changes, which offset lower than expected operating profit before tax from our Asset Management business.",0,Tobi_MA -471,"Tikehau Capital’s activities have a low level of health and safety events, access to gyms at reduced prices for employees, etc.).",0,Tobi_MA -472,"In the event that our desired risk appetite is breached, a predefined escalation governance matrix is applied so these breaches are highlighted to the respective committees.",1,Tobi_MA -473,"The purpose of this reserved issue was to strengthen employees’ personal interest in the Group (particularly at the point of exercising these equity warrants), to reinforce the alignment of interests between the Group and its employees, and to encourage them with the Group’s future performance.",0,Tobi_MA -474,"Considering all significant aspects of the Group’s relationship with the IMEs, the Directors are of the opinion that although the Group manages the investment resources of the IMEs, the existence of: termination provisions in the Investment Management Agreements (IMAs) which allow for the removal of the Group as the investment manager; the influence exercised by investors in the control of their IMEs and the arm’s length nature of the Group’s contracts with the IMEs; and independent Boards of Directors of the IMEs, the Group does not control the IMEs and therefore the assets, liabilities and net profit are not consolidated into the Group’s financial statements.",0,Tobi_MA -475,"We aspire to be a thought leader, to innovate, and to advance understanding of sustainability issues.",0,Tobi_MA -476,"The employer’s contribution on behalf of all permanent employees, including executive Directors, is 12.5% of basic salary, except where local overseas regulations stipulate otherwise.",0,Tobi_MA -477,"At its meeting on December 13, 2019 the Supervisory Board dealt with the results of the review of the efficiency of its work.",0,Tobi_MA -478,Provisions are measured based on management’s best estimate of the expenditure required to settle the obligation at the reporting date.,0,Tobi_MA -479,"However, we are cognisant of the need to encourage good corporate governance and sustainable business practices and, if necessary, vote for changes to board composition where this is not the case.",1,Tobi_MA -480,It has been pleasing to see that financial controls remain robust and that high quality financial reporting continues to be delivered.,0,Tobi_MA -481,"Depending on the nature of the businesses and their industries, qualitative or quantitative criteria used in regard to social aspects may vary: human resources policy, social risk, employee safety and work-related accident rates.",0,Tobi_MA -482,Reminder:  Scope 1: carbon footprint from fixed or mobile sources controlled by the organisation.,0,Tobi_MA -483,"Information Systems, a Head of Finance, a Head of Human Resources and a Risk Manager.",0,Tobi_MA -484,"In addition, Tikehau IM and Sofidy, which manage and market UCITS, must comply with the requirements of the UCITS V Directive, which includes provisions on remuneration substantially similar to those contained in the AIFM Directive.",1,Tobi_MA -485,"Where the Group does not control these entities (as it is deemed to be acting as an agent) and they do not meet the definition of associates, they are carried at FVTPL within equity securities and pooled investment funds in the consolidated statement of financial position.",0,Tobi_MA -486,Further information is given in the Viability Statement (unaudited) on pages 24 to 25 and the Going Concern Statement on page 25.,0,Tobi_MA -487,"It makes a report at the Annual General Shareholders’ Meeting, in which it indicates in particular, the irregularities and inaccuracies noted in the annual and consolidated financial statements for the financial year.",0,Tobi_MA -488,"This pioneering blend of digital technology and human advice allows us to deliver outcomes much more efficiently, giving UK customers access to financial advice in an understandable, affordable and sustainable way.",0,Tobi_MA -489,The financial resources serve DBAG for investments in financial assets and loans and receivables.,0,Tobi_MA -490,"After a dividend of 1.20 euros was paid out in February 2017, this corresponds to an increase of 6.20 euros per share, or 26.5 percent – the third- highest return on equity reported since IFRS accounting was implemented.",0,Tobi_MA -491,"In order to take into account the existing forecasting uncertainty and the earlier date for the impairment test, we examined the effects of possible changes in expected net changes in cash flows of the managed mutual funds, the effective fee rate and the assumed long-term growth rates, or the discount rate used, on the recoverable amount by calculating alternative scenarios and comparing them with the Company's figures (sensitivity analysis).",0,Tobi_MA -492,"This will be achieved by launching further DBAG funds with new investment strategies that we have not pursued to date, or by ensuring that a successor fund exceeds the size of its predecessor.",0,Tobi_MA -493,"Every year, our One Voice employee opinion survey tracks what our people think of life at M&G, showing us what we are getting right and where we can improve.",0,Tobi_MA -494,"Total capital generation is the total change in Solvency II surplus capital before dividends and capital movements, and capital generated from discontinued operations.",0,Tobi_MA -495,"Our net zero commitments are supported by a number of initiatives, from implementation of our coal policy, to updating our product range, continuing to transition our existing European funds to SFDR Article 8/9 standard on sustainable investing.",0,Tobi_MA -496,"This plan outlines the steps that we’ve committed to undertake by putting sustainability at the heart of everything we do: as an investor, employer and business partner and as a company run in the long-term interests of our shareholders.",0,Tobi_MA -497,"No member of the Supervisory Board or the Board of Management holds shares, share options or other derivatives representing 1 percent or more of the subscribed capital.",0,Tobi_MA -498,"Continuing the development of open-ended funds (“Liquid Strategies”) – The Group considers that open-ended funds are a pillar of its growth, alongside the development of closed-end funds (see Section 1.4.2(c) (Liquid Strategies activity) of this Registration Document).",0,Tobi_MA -499,"If after engagement we feel that investees cannot or will not commit to a credible phase-out plan by 2030 for OECD and EU countries, or 2040 for developing countries, they will become candidates for divestment.",0,Tobi_MA -500,"A specific Board training session also took place, which included discussion on the Board’s role in establishing culture.",0,Tobi_MA -501,Our offices have video conference facilities which are used extensively for client meetings to reduce travel for us and our clients.,0,Tobi_MA -0,Significant environmental issues. ,0,Tobi_MA -1,We are committed to maintaining and enhancing our reputation for responsible business practices and will continue to promote our standards in line with our Business Principles. ,1,Tobi_MA -2,"We create and maintain a positive, healthy and safe working environment that promotes diversity, inclusion and respect. ",0,Tobi_MA -3,"The firm's mandatory all-employee training, which was introduced for Board members in Q4 2021, included sessions on Customer Vulnerability. ",0,Tobi_MA -4,"Engaging with stakeholders (including Shareholders) will allow the Company to make the most of their contributions, ensure that the Company fulfils its obligations and build long-term value for all stakeholders. ",0,Tobi_MA -5,"""The United Nations Global Compact"" (""UNGC"") and ""The Principles for Responsible Investment"" (""PRI"") are examples of initiatives that have been adopted by several companies, including SCOR SE. ",1,Tobi_MA -6,We have adopted a Group-wide policy on equal opportunities. ,0,Tobi_MA -7,The company has an active programme to promote sustainable consumption and production. ,0,Tobi_MA -8,We carry out comprehensive background checks on all new employees and regularly review their behaviour during the course of their employment. ,0,Tobi_MA -9,The environmental requirements applicable to the Group's production process are set out in the environmental permits applicable to the individual production sites. ,0,Tobi_MA -10,"The initial remuneration for the Group Managing Director is competitive in the current market, and the total remuneration takes into account the Group’s current business development and financial position. ",0,Tobi_MA -11,"The Board is committed to continuing this trend, demonstrated through its substantial support for the introduction of a number of new policies and programmes. ",1,Tobi_MA -12,"The results are presented to the Supervisory Board, the Management Board and the Executive Committee for review. ",0,Tobi_MA -13,The Board is responsible for the Company's strategic direction and risk management. ,0,Tobi_MA -14,The Group is committed to protecting biodiversity through its sustainable development policies and initiatives. ,0,Tobi_MA -15,"At year-end, the Group employed 11,045 people, including 7,749 in France. ",0,Tobi_MA -16,"The review of the audit plan includes a detailed review of the risk profile, including the risk assessment performed by the Company’s internal control function. ",1,Tobi_MA -17,The principal aim of our Corporate Governance framework is to ensure that the highest standards of corporate governance are maintained. ,1,Tobi_MA -18,"The Company is committed to foster and maintain an environment that is free from discrimination, harassment, bullying and victimisation. ",0,Tobi_MA -19,"We are committed to integrating ESG factors into the investment process, and are working on a new ESG framework. ",1,Tobi_MA -20,Changes in the company's ownership and control structure were also considered. ,1,Tobi_MA -21,"The company is committed to maintaining an effective system of internal controls, including policies and procedures designed to ensure compliance with all applicable laws and regulations. ",1,Tobi_MA -22,"This position is not remunerated, but is a key management function, reporting directly to the Board, with the mandate to promote good corporate governance, enhance risk management and safeguard the interests of the Shareholders. ",1,Tobi_MA -23,"However, we are cognisant of the need to encourage good corporate governance and sustainable business practices and, if necessary, vote for changes to board composition where this is not the case. ",1,Tobi_MA -24,We are introducing LEED v4 and we will achieve our first project certification in 2017. ,0,Tobi_MA -25,We have not established sufficient internal control over our financial reporting to comply with the requirements of the Sarbanes-Oxley Act of 2002. ,1,Tobi_MA -26,The Board of Directors of the Company consists of eight directors. ,0,Tobi_MA -27,The Group has also implemented a code of conduct for its employees. ,1,Tobi_MA -28,A chart on page 18 shows the results of an analysis of social media and news articles. ,0,Tobi_MA -29,The company was founded in 1846 as a manufacturer of surgical instruments and was the first major medical equipment supplier to require sales representatives to have graduated from a medical college. ,0,Tobi_MA -30,"In the year ended 31 December 2016, the Company's total investment income amounted to $8.8 billion. ",0,Tobi_MA -31,"We also provide access to external services, including health and well-being, financial services and training. ",0,Tobi_MA -32,Our employees are the most important aspect of our business. ,0,Tobi_MA -33,The Board has recently reviewed the Group's policies and guidelines on whistleblowing and harassment. ,1,Tobi_MA -34,The Company has implemented a clear set of rules to ensure that no improper payments are made to any public official or third party. ,1,Tobi_MA -35,"We are committed to promoting a safe and healthy working environment, where employees are treated fairly and with respect, and where they can reach their full potential. ",0,Tobi_MA -36,"As of December 31, 2013, the Company's Board of Directors consisted of seven members: two executive directors, two general directors, two independent non-executive directors and one employee representative. ",1,Tobi_MA -37,The Company considers that the purpose of the audit is to provide an independent opinion as to whether the financial statements of the Company give a true and fair view of the state of the Company's affairs. ,1,Tobi_MA -38,"The main objective of the new policy is to reduce our CO2 emissions and better integrate the social, environmental and economic aspects in our activities. ",0,Tobi_MA -39,The turnover of the company increased by 4.1% to € 67.7 billion. ,0,Tobi_MA -40,We are committed to promoting gender diversity in the workplace and our management team consists of over 50% women. ,0,Tobi_MA -41,"The Group's recruitment policy aims to promote, wherever possible, applications from women, whenever there are vacancies, and particularly for investment roles. ",0,Tobi_MA -42,"If any such election is not made by the due date, the executive must defer the compensation and benefits received during the prior year and make a section 83(b) election within 30 days after the due date. ",0,Tobi_MA -43,"In the social sphere, our focus on the world in which we operate, both locally and globally, involves us in building lasting relationships with partners who share our vision. ",0,Tobi_MA -44,"We are also committed to realizing our market leadership in ""Sustainable Corporate Social Responsibility"" (""CSR"") activities. ",0,Tobi_MA -45,We have formal processes of training and accreditation to advance and motivate our employees in order to support the continuity of our client engagement business model. ,0,Tobi_MA -46,"We have a strong commitment to ""Doing the Right Thing"" and fostering a culture of integrity and compliance. ",1,Tobi_MA -47,The operating company will provide a comprehensive information and communication strategy to ensure that the Group's stakeholders are kept fully informed of the Group's activities and performance. ,1,Tobi_MA -48,The Company will support the local community through the activities of its staff and the support of local non-profit organisations. ,0,Tobi_MA -49,"We also hold that a focus on long-term performance, whether for an individual or for a company, is the only rational strategy. ",0,Tobi_MA -50,"Our Board of Directors has established a Risk Committee, which meets regularly to review the risk profile of the Company and to oversee the risk management of the Company. ",0,Tobi_MA -51,The decision-making process is a continuous process which draws on the experience of all members of the Executive Committee. ,0,Tobi_MA -52,The Company also strives to maximize the benefits from its participation in the Dow Jones Sustainability Index (DJSI) by using the positive influence of the DJSI as an investment marketing tool. ,0,Tobi_MA -53,"The Board is responsible for ensuring that the Company is managed in a sound, efficient and ethical manner and that the interests of shareholders are properly protected. ",1,Tobi_MA -54,The Board has an active social responsibility policy and an Employee Forum. ,0,Tobi_MA -55,"The Company is committed to conducting its business activities in a responsible manner, in accordance with applicable laws and regulations and in an environmentally, socially and economically responsible manner. ",1,Tobi_MA -56,The Inclusion Council is the Group's advisory body on inclusion and diversity. ,0,Tobi_MA -57,"The Board is comprised of seven members, including the Chairman and six non-executive Directors. ",0,Tobi_MA -58,We also have an active lending policy to support the local economy. ,0,Tobi_MA -59,The Group's remuneration policies and practices do not encourage excessive risk-taking. ,0,Tobi_MA -60,"In addition, the Group supports the development of young talent in the area of music. ",0,Tobi_MA -61,"The firm is committed to transparency and the sharing of information with clients, and this is reflected in the firm's publications and communications. ",1,Tobi_MA -62,The Group will continue to develop and implement an employee assistance programme to support the personal development and well-being of employees. ,0,Tobi_MA -63,"We have a strong commitment to the conservation of natural resources, water and energy. ",0,Tobi_MA -64,"The Group is currently involved in a number of initiatives to make its business more environmentally sustainable, including reducing its use of paper in favour of more environmentally friendly media. ",0,Tobi_MA -65,We have a strong commitment to improving our social and environmental performance and this is reflected in our Corporate Governance Statement on our website. ,1,Tobi_MA -66,The Group's risk management policy is designed to ensure that any risks that arise are identified and assessed in a timely manner and that appropriate controls are in place. ,0,Tobi_MA -67,We are committed to building a sustainable business that delivers long-term value for all our stakeholders. ,0,Tobi_MA -68,"As part of the company's governance process, an annual report on the company's social and environmental performance is published. ",1,Tobi_MA -69,The governance framework will be based on clearly defined and transparent principles. ,1,Tobi_MA -70,Our company has no debt and has no plans to borrow any money. ,0,Tobi_MA -71,The Company's remuneration policy is designed to be consistent with the Company's overall strategy in order to attract and retain the skills and talents required to drive the business forward. ,0,Tobi_MA -72,"This applies to all BlackRock funds, funds of funds and third party discretionary managed accounts. ",0,Tobi_MA -73,The Company is committed to providing a safe and healthy working environment for its employees and contractors. ,0,Tobi_MA -74,"In addition, the Board has introduced a policy to ensure that the financial and social performance of each of the Group's service lines and regions is reported in the report. ",0,Tobi_MA -75,"The Group's overall strategy is aimed at reducing its environmental footprint and to achieve this, the Group is committed to reducing its emissions by 20% compared to 2006. ",0,Tobi_MA -76,We will continue to actively work with all stakeholders to contribute to the eradication of malaria in the country. ,0,Tobi_MA -77,"We have also introduced a Whistleblowing and Ethics programme for employees, which has been designed to encourage honesty and respect for our policies. ",1,Tobi_MA -78,"Transparency on environmental, social and governance issues is a key element of communication with our stakeholders. ",1,Tobi_MA -79,"The Company and its directors are committed to the highest standards of corporate governance, ethical conduct and compliance with all laws and regulations. ",1,Tobi_MA -80,Ethical and values-based behavior are not only a means to an end but are also the end in themselves. ,0,Tobi_MA -81,The Group has committed to instilling a culture of integrity and complying with the highest ethical standards through a combination of internal controls and business-led initiatives. ,1,Tobi_MA -82,"CSR Corporate Social Responsibility (CSR) is a concept whereby businesses recognise their responsibility to their stakeholders and the wider community, and take action to address the needs of society and the environment. ",0,Tobi_MA -83,"Our strategy of social engagement is designed to support our business priorities, reduce environmental impact and enhance our reputation. ",0,Tobi_MA -84,The Board has established a remuneration committee that has reviewed and approved the remuneration arrangements for the Executive Directors and their independence from the Company and its subsidiaries. ,1,Tobi_MA -85,"The Company's significant subsidiaries include the Corporate Centre, a 60% subsidiary established for the purpose of managing the group's worldwide group-wide corporate and administrative operations. ",0,Tobi_MA -86,"It has been a difficult period for the Group. However, we are confident that the actions taken on the following key priorities will drive growth in the near term and place the Group on a stable footing for the future. ",0,Tobi_MA -87,"In 2017, the Group reduced its water consumption by 5% compared to 2016. ",0,Tobi_MA -88,We are committed to being a provider of choice for our clients in the markets in which we operate. ,0,Tobi_MA -89,"The Board, the Executive Management and the Group's employees are committed to promoting and maintaining high standards of business conduct and ethics. ",1,Tobi_MA -90,"The report provides detailed data on areas such as the number of visits per week, the number of customers served and the number of items on the menu. ",0,Tobi_MA -91,The availability of the appropriate skills in the market is assessed to ensure that internal resources can meet project requirements. ,0,Tobi_MA -92,The Board has established a remuneration committee which is responsible for establishing the remuneration of the executive directors and the other key management personnel. ,0,Tobi_MA -93,The Board has a policy of encouraging diversity on the Board. ,0,Tobi_MA -94,We pride ourselves on providing a safe working environment for our employees. ,0,Tobi_MA -95,"In accordance with French law, we have verified that the required information concerning the purchase of investments and controlling interests and the identity of the shareholders or holders of the voting rights has been properly disclosed in the management report. ",1,Tobi_MA -96,"The Group has a commitment to a safe and healthy working environment, and to ensuring that its employees are aware of the risks associated with their work and how to avoid them. ",0,Tobi_MA -97,We believe that a pipeline of future low-carbon energy sources is essential to ensure that we mitigate the worst effects of climate change. ,0,Tobi_MA -98,"The rich variety of activities and services includes lectures, seminars, workshops, excursions, cultural activities and sports. ",0,Tobi_MA -99,The Group is committed to supporting the communities in which we operate through a variety of initiatives. ,0,Tobi_MA -100,Employees are consulted regularly through the Group's Works Council. ,0,Tobi_MA -101,"The policy is supported by our Speak Out programme that includes different reporting channels, such as EthicsPoint which is a confidential reporting system provided by an independent external service provider. ",1,Tobi_MA -102,We are committed to continuous improvement and strengthening of the internal control environment of the company. ,1,Tobi_MA -103,"The Group's policies are designed to ensure that the Group and its employees, advisers and agents act in compliance with all applicable laws, regulations, rules and regulations. ",1,Tobi_MA -104,This includes the submission of an annual report on our policies and procedures and the development of an online training program for all employees. ,0,Tobi_MA -105,The Company's Quality Management System complies with the requirements of the International Standard for Quality Management (ISO 9001:2008). ,1,Tobi_MA -106,"Our network of stewards, who come from all levels of the organisation, help to spread the word about our policies and encourage others to speak up. ",0,Tobi_MA -107,"In view of the current financial situation in Europe, the Group has established a number of measures to reduce its risk exposure. ",0,Tobi_MA -108,"In the coming months, we will be rolling out a comprehensive programme of training, communications and action to address the issues. ",0,Tobi_MA -109,"The board of directors was fully informed of the risks facing the company; in particular, it was informed of the strategy for prevention and mitigation of such risks and the progress made in implementing this strategy. ",0,Tobi_MA -110,Our business activities are subject to regulation by various regulatory authorities. ,0,Tobi_MA -111,The Board of Directors is responsible for the operation of the Company and the achievement of its objectives. ,0,Tobi_MA -112,Performance of the group's activities are subject to the supervision and control of the Board of Directors and its Committees and/or the Management Board. ,0,Tobi_MA -113,This is explained in the financial information that is provided in the bidder and target's respective annual reports and accounts. ,0,Tobi_MA -114,The Board has reviewed the Company's system of internal control and has determined that the system provides reasonable assurance that the Company's financial statements are free from material misstatement. ,1,Tobi_MA -115,The Company is committed to ensuring that any vacancies arising are filled by the most qualified candidates and recognises the value of diversity in the composition of the Board. ,0,Tobi_MA -116,"ESG is the integrated management of environmental, social and governance factors, which may affect a company's financial performance. ",1,Tobi_MA -117,"In this context, the BEE Black Economic Empowerment law did not encourage companies and other business entities to increase the number of Black shareholders. ",0,Tobi_MA -118,"Our policy is to comply, and to encourage compliance with laws and regulations that are applicable to us. ",1,Tobi_MA -119,"The Group's key ESG policies are set out in our Group statement on sustainable business, which we refer to as our Sustainability Report. ",1,Tobi_MA -120,The Group also has a number of ongoing partnerships with external stakeholders and runs a number of long-term awareness-raising activities. ,0,Tobi_MA -121,"Our commitment to fair trading and sustainable sourcing is demonstrated by our membership of the Fairtrade Foundation, and our membership of the Ethical Trading Initiative. ",0,Tobi_MA -122,"The Company is committed to increasing the number of women on the Board, and to supporting its female employees with a range of initiatives, including flexible working. ",0,Tobi_MA -123,"We are committed to good corporate governance and ethical behaviour, and to ensuring that our business and our supply chain are slavery free. ",1,Tobi_MA -124,We have been a member of the FTSE4Good index since 2001 and the FTSE4Good Environmental Leaders Europe index since 2001. ,1,Tobi_MA -125,The Company is a signatory to the United Nations Global Compact . ,1,Tobi_MA -126,The European Commission has been informed of the intention to prepare a tender offer for the shares of Daimler AG. ,0,Tobi_MA -127,"The Board of Directors of the Company has approved the appointment of Ramesh Narayanan as Chief Financial Officer of the Company with effect from September 1, 2011. ",0,Tobi_MA -128,"In the event that the annual general meeting does not fix a date for the next annual general meeting, the directors must call the annual general meeting at the next convenient time. ",0,Tobi_MA -129,"The company has an extensive programme of CSR, including a commitment to meeting the UN Global Compact principles. ",0,Tobi_MA -130,"We are committed to working with all our suppliers and stakeholders to help end slavery, human trafficking, child labour or any other abuse of human rights. ",0,Tobi_MA -131,"In 2015, we adopted the United Nations Guiding Principles on Business and Human Rights (UNGP) and made a commitment to integrate the principles into our business activities. ",1,Tobi_MA -132,"We have a policy of sourcing responsibly and will have policies on suppliers, labour, the environment and the consumer that are aligned, to the extent possible. ",0,Tobi_MA -133,We aim to reduce energy use and CO2 emissions while increasing the use of renewable energy. ,0,Tobi_MA -134,We have a well-established quality management system (QMS) that has been certified to standard ISO 9001:2008 by an accredited certification body. ,1,Tobi_MA -135,"The Board, through the Nomination Committee, is responsible for overseeing the selection of candidates for appointment as directors. ",0,Tobi_MA -136,"At least annually, the highest ranking executive officers of the company are evaluated by the Board of Directors. ",0,Tobi_MA -137,"Our total consolidated assets amounted to €1,376.9 million at 31 December 2016, an increase of €92.6 million compared to 31 December 2015. ",0,Tobi_MA -138,The Group's Group Sustainability Report 2016 and accompanying Sustainability Report Summary are available on our website. ,1,Tobi_MA -139,"The Group is committed to conducting its business in an ethical manner, and in accordance with the requirements of the laws and regulations applicable to its operations and the Group's Code of Conduct. ",1,Tobi_MA -140,"As regards the board, it would be appropriate to have one or two more independent directors with relevant skills and experience, to ensure that the board has appropriate expertise to assess these risks. ",1,Tobi_MA -141,The Group is committed to providing its employees with a safe and healthy working environment. ,0,Tobi_MA -142,"We comply with all applicable laws, including trade and economic sanctions administered by the Office of Foreign Assets Control of the United States Department of the Treasury. ",1,Tobi_MA -143,The Company has decided not to make a recommendation to the Annual General Meeting concerning the appointment of the Company's Auditor. ,1,Tobi_MA -144,The Board is advised by an independent and non-executive Chairman. ,1,Tobi_MA -145,The company is committed to hiring employees from diverse backgrounds and providing training to develop their skills. ,0,Tobi_MA -146,The Company is committed to improving the health and safety of its employees and to protecting the environment. ,1,Tobi_MA -147,"The Group's Board of Directors and management team believe that the Group's shareholders, employees, customers, suppliers, local communities and other stakeholders are best served by the Group's continued independence. ",1,Tobi_MA -148,"To maintain the integrity of the system, we will not tolerate any violations of the Code, including the illegal use of personal information or the abuse of the trust of our customers. ",1,Tobi_MA -149,We have adopted a policy of continuous improvement and go beyond the regulatory requirements. ,1,Tobi_MA -150,The Company will continue to monitor the situation and will cooperate fully with any government investigation that may result. ,1,Tobi_MA -151,"The value of the Company’s investment in these instruments was £1,049,073,000. ",0,Tobi_MA -152,"The Board is responsible for the maintenance of adequate internal control and for the establishment and monitoring of adequate internal control procedures, including the company's compliance with applicable legal and regulatory requirements. ",1,Tobi_MA -153,It is too early to evaluate the effect of the Sustainability Report on the way the organisation is viewed by its stakeholders. ,1,Tobi_MA -154,The Group's operations are conducted in a socially responsible manner. ,0,Tobi_MA -155,The Group periodically reviews the effectiveness of its internal control system. ,1,Tobi_MA -156,"This year, we have re-examined our approach to sustainability reporting and have updated our reporting cycle and methodology to ensure we present our sustainability performance in a more consistent and comprehensive way. ",0,Tobi_MA -157,The company's investment in environmental protection is recognised in the way it invests in training and safety. ,0,Tobi_MA -158,"In the last decade, several initiatives have been designed to promote the welfare of the Group's staff, as well as its local communities, and to respect and protect the environment. ",0,Tobi_MA -159,The Board believes that the Company's corporate structure and capitalization are currently in compliance with the listing standards of the TSX. ,1,Tobi_MA -160,"We are committed to the highest standards of corporate governance and ethics, as set out in the Criminal Justice Act, the Proceeds of Crime Act and the Bribery Act. ",1,Tobi_MA -161,We have a strong commitment to corporate social responsibility and are a signatory to the United Nations Global Compact. ,0,Tobi_MA -162,"In line with the requirements set out in the EU Regulation on Corporate Governance of Credit Institutions, the Board confirms that it oversees the compliance of the Bank with the legal and regulatory requirements. ",1,Tobi_MA -163,We have had a number of opportunities to meet with their management teams to discuss their plans and objectives and to share our knowledge and expertise. ,0,Tobi_MA -164,"We have developed a Human Rights Policy, which is available on our website and sets out our commitment to respect human rights at all times when doing business. ",1,Tobi_MA -165,"[T]he Committee is responsible for the appointment, evaluation and compensation of Directors. ",0,Tobi_MA -166,The Group Management Board endorsed the Group's Code of Conduct and the Group's Statement of Ethics and Business Conduct. ,1,Tobi_MA -167,"If we do not receive the requested permits by the end of 2014, we will be unable to develop the planned capacity until such time as the permits are issued. ",0,Tobi_MA -168,"The Board has reviewed the Company's governance and considers that the Company's Board has the appropriate mix of skills, diversity, experience and competencies to provide the Company with effective and efficient governance. ",1,Tobi_MA -169,"The Group will review the impact of the East Japan Railway Company Act on its business strategy and management, but at this stage it is not expected to have a material impact on the way the Group conducts its business. ",0,Tobi_MA -170,The board of directors have reviewed the financial statements and have taken responsibility for their content. ,1,Tobi_MA -171,The risk of climate change is not one the company can ignore. ,0,Tobi_MA -172,Sustainability The Group has an active programme of work to promote the sustainable use of resources and minimisation of waste. ,0,Tobi_MA -173,We recognize the importance of corporate governance and compliance. ,1,Tobi_MA -174,The audit committee will have a majority of independent directors who are not officers of the company. ,1,Tobi_MA -175,This statement focuses on the material risks and uncertainties that the Group's Management Board and the Board of Directors currently consider to be relevant to the Group. ,0,Tobi_MA -176,"The Group's reputation is an important asset, and our brands are an important element of this asset. ",0,Tobi_MA -177,We will take steps to ensure that our employees and officers comply with the law and that our financial reporting is in accordance with applicable rules and regulations. ,1,Tobi_MA -178,"For over two decades, we have been active in the fight against global climate change and we continue to work hand in hand with the government in order to achieve the objectives set by the Paris Climate Agreement. ",0,Tobi_MA -179,"The Company, which is not a legal entity under French law, has a single member. ",0,Tobi_MA -180,We are looking forward to working with the new team and achieving further successes in the future. ,0,Tobi_MA -181,"Our board of directors has determined that the company is not a ""public interest company"" within the meaning of Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. ",1,Tobi_MA -182,The Board and the management team have a strong commitment to the concepts of corporate governance and corporate citizenship. ,1,Tobi_MA -183,The company has a zero tolerance policy with regard to bribery and corruption and is committed to actively promoting ethical business practices. ,1,Tobi_MA -184,"Prudential requirements (e.g. Basel II) are being met with regard to risk management, governance and regulatory compliance. ",1,Tobi_MA -185,"The report includes a discussion of the Group's Environmental, Social and Governance (ESG) performance in the period. ",1,Tobi_MA -186,"The company has a well-established Engineering and Technology Club, with a strong reputation for student social and networking activities. ",0,Tobi_MA -187,The Group's organisational structure is aligned with the current economic and business environment. ,0,Tobi_MA -188,The Board of Directors has overall responsibility for the Group's corporate governance. ,1,Tobi_MA -189,"We use a combination of direct, indirect and strategic engagement approaches to influence the actions of governments and others. ",1,Tobi_MA -190,The Group has a Code of Conduct that applies to all of its employees. ,1,Tobi_MA -191,We are committed to the highest standards of quality and service in all we do and our award-winning customer care and delivery teams work hard to ensure the smooth and successful delivery of our products and services. ,0,Tobi_MA -192,"The Board has delegated the responsibility of compliance with the Company's internal policies and procedures, including those relating to risk management and the Code of Business Conduct, to the Chief Executive Officer. ",1,Tobi_MA -193,A core environmental value is to develop and implement energy-efficient technologies. ,0,Tobi_MA -194,"The Company's major environmental risks include air emissions, water discharges and wastewater, solid waste, contaminated land, climate change and the potential effects of greenhouse gas emissions on the atmosphere. ",0,Tobi_MA -195,We are committed to ensuring that our operations are conducted responsibly and with respect for human rights and the environment. ,1,Tobi_MA -196,The Company has set up a special committee to monitor the Company's compliance with the new guidelines and to provide advice to the Board and management on matters relating to the implementation of the guidelines. ,1,Tobi_MA -197,"Corporate citizenship: Since its inception in the USA, the Starbucks Foundation has been a key part of Starbucks' commitment to Corporate Citizenship. ",1,Tobi_MA -198,"ESG Environment, social and governance factors are increasingly important to the Company's stakeholders. ",1,Tobi_MA -199,"We need to be aware of these risks and, where we cannot eliminate them, mitigate them using appropriate internal controls and procedures. ",1,Tobi_MA -200,We are committed to a zero tolerance policy for unethical conduct. ,1,Tobi_MA -201,Our suppliers' activities support our overall business strategy and are in compliance with our Corporate Responsibility policy. ,1,Tobi_MA -202,The Group continues to pay particular attention to reducing its impact on the environment and is committed to the principles of sustainable development. ,0,Tobi_MA -203,"We have a number of initiatives in place to promote diversity and inclusion within the business, including an emphasis on gender balance within our programme. ",0,Tobi_MA -204,The Group encourages its employees to engage in voluntary work for associations or for the benefit of the community. ,0,Tobi_MA -205,"In 2011, we were certified as an A-rated employer by the Ethical Trading Initiative in recognition of our commitment to ethical principles in our employment practices. ",1,Tobi_MA -206,The Company has an interest in ensuring the protection of the environment in which it operates. ,0,Tobi_MA -207,"In addition, the Company has substantially reduced its carbon emissions and taken a number of steps to promote a sustainable future. ",0,Tobi_MA -208,We are committed to supporting the communities in which we operate and in which our employees live and work. ,0,Tobi_MA -209,"While the content of the code is ultimately a matter for the board itself, the board will want to ensure that the code is being applied in a transparent and consistent way. ",1,Tobi_MA -210,Each plan has a different set of eligibility criteria and benefits that varies significantly from the other plans. ,0,Tobi_MA -211,"The Company's environmental policy is to comply with all applicable laws and regulations, and to continuously improve our environmental performance by reducing the environmental impact of our activities and increasing the use of renewable and recycled products. ",0,Tobi_MA -212,The Group has a policy to reward employees for outstanding performance. ,0,Tobi_MA -213,"The Group has a policy of zero tolerance towards bribery and corruption and of compliance with all applicable laws and regulations, including the UK Bribery Act 2010. We also have a comprehensive whistleblowing policy. ",1,Tobi_MA -214,"For this reason, the Company has adopted a policy for the preparation of management accounts which conforms to the IFRS. ",1,Tobi_MA -215,The Board has considered the report of the Audit Committee on the financial reporting and internal control systems of the Company. ,1,Tobi_MA -216,"We have fulfilled our ethical responsibilities under, and we remain independent of the Company in accordance with, UK ethical requirements including the FRC Ethical Standard as applied to public interest entities. ",1,Tobi_MA -217,"We are committed to a responsible and sustainable palm oil policy, in line with the RSPO Principles and Criteria. ",1,Tobi_MA -218,As part of our commitment to corporate governance we have a high level of internal audit coverage. ,1,Tobi_MA -219,"We have a diverse team of 11,000 employees around the world, of whom 66% are women, and we are committed to attracting, developing and retaining the best talent. ",0,Tobi_MA -220,"The Group's culture is based on a set of values that underlie our business strategy, as well as the way we do business. ",0,Tobi_MA -221,The inclusion of an equivalent indicator of value at the portfolio level would benefit investors interested in long-term performance. ,0,Tobi_MA -222,"The Group is committed to investing in its people and we aim to provide an inclusive, engaging and rewarding work environment, where people are enabled to maximize their potential. ",0,Tobi_MA -223,The Group strives to maintain good relations with its suppliers and to be aware of their environmental and social performance. ,0,Tobi_MA -224,"For the year ended 31 December 2010, we paid out €8.4m in the form of dividends to our shareholders. ",0,Tobi_MA -225,A regular governance process provides for regular interaction to identify changes in the client's desired outcomes and solicits feedback on the actual outcomes experienced by the client. ,1,Tobi_MA -226,The Company has a commitment to the protection of the environment and is involved in various environmental activities. ,0,Tobi_MA -227,"The success of our global sourcing strategy and the key role played by our suppliers in ensuring that our products meet our quality and sustainability standards and our values of respect, care and honesty. ",0,Tobi_MA -228,"We are committed to creating a successful, sustainable business that is economically, socially and environmentally conscious. ",0,Tobi_MA -229,The Diversity and Inclusion (D&I) function has now become a key component of the company's culture and is embedded into the strategic framework of the company. ,0,Tobi_MA -230,"The Company has a Code of Conduct and a whistleblowing policy, the details of which are available on the Company's website. ",1,Tobi_MA -231,"We will concentrate our efforts on improving our processes around the assessment and approval of all projects, and to ensure that appropriate, timely and effective action is taken to address all high, medium and low risks we identify. ",0,Tobi_MA -232,The responsibility for the Group's business activities rests with the management. ,0,Tobi_MA -233,"Emissions from the UK House are predominantly from electricity use, transport and food waste. ",0,Tobi_MA -234,The Board's commitment to the sustainable development of the Group is underpinned by strategic and operational risk management. ,1,Tobi_MA -235,"For the year ended 31 December 2018, the Group's total operating profit before tax was $1,281 million, an increase of $138 million (12.1%) on the prior year. ",0,Tobi_MA -236,The company has a comprehensive and effective whistleblowing policy which is prominently displayed throughout the Company's global offices. ,1,Tobi_MA -237,A key component of our social and corporate responsibility strategy is to provide financial and non-financial support and to encourage community involvement in the areas of our properties in which we operate. ,0,Tobi_MA -238,"The Board has adopted a formal governance and risk management statement, which is reviewed annually. ",1,Tobi_MA -239,The Board of Directors is composed of 10 Directors and 1 alternate Director. ,0,Tobi_MA -240,"The Board will continue to monitor the Company's overall compliance with the Code and, where necessary, recommend that the Company makes appropriate changes to its policies, procedures and practices. ",1,Tobi_MA -241,"The Board considers that the Group's corporate governance structure and processes are in line with good practice, designed to promote effective and efficient decision-making and aligned with the regulatory framework. ",1,Tobi_MA -242,Our portfolio companies are also required to appoint a chief compliance officer and a board committee to oversee the reporting of conflicts of interest. ,1,Tobi_MA -243,The Company is committed to achieving a diverse and inclusive workforce and is vigilant in implementing its policies and practices to prevent discrimination of any kind. ,1,Tobi_MA -244,SASB The Sustainability Accounting Standards Board is an ESG guidance framework that sets standards for the disclosure of financially material sustainability information by companies to their investors. ,1,Tobi_MA -245,The Board is committed to maintaining the highest standards of corporate governance and has adopted a Code of Business Conduct. ,1,Tobi_MA -246,"The Company considers that, as a general rule, it is important that the Directors and senior management should own, directly or indirectly, shares in the Company. ",0,Tobi_MA -247,The social policy package included a reduction in the statutory minimum wage. ,0,Tobi_MA -248,The Board of Directors is responsible for Risk Management at the Company. ,0,Tobi_MA -249,"The firm has a team of experienced lawyers who concentrate on the following core areas of the law: Corporate and Commercial, Dispute Resolution, Employment, Financial Services and Real Estate. ",0,Tobi_MA -250,The Company is committed to operating in compliance with the requirements of all the Environmental and Health and Safety laws and regulations in the countries where it operates. ,1,Tobi_MA -251,We have not identified any issues that require disclosure under the current Dutch Corporate Governance Code. ,1,Tobi_MA -252,The Board is currently considering the merits of establishing a Gender Pay Gap reporting regime. ,0,Tobi_MA -253,"The Company takes all reasonable steps to ensure that the Company, its subsidiaries and its business operations do not cause damage to the environment. ",0,Tobi_MA -254,"The Company will maintain a flexible approach to share incentives, and to encourage significant employee ownership. ",0,Tobi_MA -255,"A number of Group-wide policies and procedures are in place to monitor and control conflicts of interest, including a conflicts of interest policy for the Board of Directors. ",1,Tobi_MA -256,The level of remuneration payable to directors shall be sufficient to attract and retain individuals who are able to make a positive contribution to the performance of the Company. ,0,Tobi_MA -257,"In 2012, the Group achieved a strong environmental performance in terms of the management of its risks and its environmental impacts. ",0,Tobi_MA -258,The Company is committed to respecting the environment and is working to reduce its impact on the environment. ,0,Tobi_MA -259,"Measures have been introduced to improve the transparency of the remuneration of directors and executives and to strengthen the governance, corporate social responsibility and risk management function. ",1,Tobi_MA -260,"The Board of Directors, acting through the Audit Committee, monitors compliance by the Company's Internal Audit function with the Group Code of Conduct and Ethics, which includes a zero tolerance policy on fraud and corruption. ",1,Tobi_MA -261,"The group offers a diverse range of products and services to its customers, including retirement, investment and protection products, general insurance, life assurance, mortgages and savings. ",0,Tobi_MA -262,The Company is committed to sustainable development and to conducting its business in an ethical manner. ,1,Tobi_MA -263,"The risk management process is intended to provide an integrated and consistent approach to managing and controlling business, market, credit, liquidity, legal, operational and strategic risk. ",0,Tobi_MA -264,We have set in place an effective process for establishing procedures and systems to ensure compliance with relevant laws and regulations. ,1,Tobi_MA -265,The Company has also established a register of any shareholder who has notified the Company of an interest in owning or disposing of 5% or more of the Company's issued share capital. ,0,Tobi_MA -266,"But the company was recently honored for its corporate social responsibility efforts, winning the 2013 Corporate Responsibility Award for its “relentless commitment to excellence in delivering social and environmental value.” ",0,Tobi_MA -267,We have a dedicated team who manage a portfolio of relationships with key suppliers in order to gain better understanding of their business models and sustainability practices. ,0,Tobi_MA -268,"The company's approach to Corporate Social Responsibility (""CSR"") is integrated into the development of its strategy, the activities of its operating divisions and its corporate structure. ",0,Tobi_MA -269,"We have always sought to conduct our business in a socially responsible manner and we are committed to acting ethically and responsibly for our shareholders, colleagues, customers, suppliers, communities and the environment. ",0,Tobi_MA -270,"The Group's business activities are conducted in a manner consistent with the Group's Core Values, which are integral to the Group's culture. ",0,Tobi_MA -271,The Board of Directors is responsible for the Company's activities and controls and is accountable to the shareholders. ,1,Tobi_MA -272,"Regulatory environment The Company is subject to various European Union and United States laws and regulations, including those relating to the protection of human subjects and the environment. ",1,Tobi_MA -273,"The members of the audit and risk committee shall have appropriate technical knowledge and experience, and should have knowledge of the company's business model, products and services. They should have a sound knowledge of the financial markets. ",0,Tobi_MA -274,We are committed to increasing the percentage of profits invested in social purpose activities. ,0,Tobi_MA -275,"The Company's Board of Directors approves the annual budget, the annual work program and the financing plan, which are submitted to the General Shareholders' Meeting for approval. ",0,Tobi_MA -276,"In addition, the group will seek to be good corporate neighbours and will work with our neighbours and the local community to pursue our shared goals. ",0,Tobi_MA -277,The Board is responsible for ensuring that the Group's systems and controls are designed and maintained to ensure that its policies and procedures are implemented effectively. ,1,Tobi_MA -278,The Group has now been awarded the European Foundation for Quality Management (EFQM) Excellence Award for the fifth time since 2007. ,0,Tobi_MA -279,"The Company's social policy is fully aligned with the Group's overall strategy, goals and processes. ",0,Tobi_MA -280,The Group's aim is to reach a carbon-neutral status by 2025. ,0,Tobi_MA -281,"The first step in this process is to develop a better understanding of the business and its various contexts, followed by a process to identify risks and opportunities. ",0,Tobi_MA -282,Our Company and its subsidiaries are largely self-insured. ,0,Tobi_MA -283,Environmental protection is a fundamental part of the Group's responsibility. ,0,Tobi_MA -284,It is working with a range of stakeholders to improve the social and environmental impact of its supply chain. ,0,Tobi_MA -285,"In order to reduce the impact of climate change, we are continually improving the efficiency of our operations. ",0,Tobi_MA -286,"Our sustainability strategy is embedded in our business practices, policies and decision-making. ",1,Tobi_MA -287,"The Group identifies a large number of risks, including those that could have a significant impact on the Group¹s ability to achieve the objectives set for it. ",0,Tobi_MA -288,"Our firm's investment process is firmly rooted in fiduciary duty, and is informed by the fiduciary duty principles of prudence, loyalty and due care, as well as the duty of disclosure. ",1,Tobi_MA -289,The company has been a member of the Roundtable on Sustainable Palm Oil (RSPO) since 2009. ,0,Tobi_MA -290,The Board has adopted the proposed code of conduct and code of ethics for the members of the Board of Directors. ,1,Tobi_MA -291,The Group has developed a corporate governance code which is distributed to all Group employees. ,1,Tobi_MA -292,"Moreover, the Board's responsibilities as a fiduciary to the Company, its Shareholders and beneficiaries and the wider community are paramount. ",1,Tobi_MA -293,"The Directors believe that the Company's success depends upon the efforts of all of its employees, and as such, has established a number of initiatives to support its people strategy. ",0,Tobi_MA -294,The Company is a member of the National Association of Corporate Directors (NACD) and has participated in their Director Education Program for more than 5 years. ,0,Tobi_MA -295,"We are committed to improving the way we work, and to reducing our environmental impact. ",0,Tobi_MA -296,The Company also has a Code of Conduct that states that employees shall not commit any act of bribery or corruption. ,1,Tobi_MA -297,"The Company is committed to complying with all applicable laws, regulations and codes of practice, including those relating to the environment, health and safety and social responsibility. ",1,Tobi_MA -298,The Company is committed to ensuring that any vacancies arising are filled by the most qualified candidates and recognises the value of diversity in the composition of the Board. ,0,Tobi_MA -299,"We shall not ask, either directly or indirectly, for any gift or favour or for any special treatment for employees, customers, suppliers, partners or any other person. ",1,Tobi_MA -300,SRI Short for œSocially Responsible Investment. ,0,Tobi_MA -301,This is to be achieved by engaging our suppliers in an open dialogue to improve performance. ,0,Tobi_MA -302,The Group will ensure that the tax due to the State is paid in full and on time. ,0,Tobi_MA -303,"In March 2018, the company announced that it would increase its investment in sustainability by $500 million over five years. ",0,Tobi_MA -304,The Group has a policy of sustainable development and this is integrated into the Group's Risk Management Policy and all other relevant policies. ,1,Tobi_MA -305,"The Company made a donation to the Great Ormond Street Hospital Children's Charity in 2016 of £110,000. ",0,Tobi_MA -306,"In April 2010, the Board of Directors of the Company determined to join the FTSE4Good Index Series. ",1,Tobi_MA -307,"The Group's sustainability reporting highlights its environmental impacts, environmental policy and performance, energy and carbon management, water usage, waste management, health and safety and community engagement. ",1,Tobi_MA -308,The group is a signatory to the United Nations Global Compact and the United Nations Principles for Responsible Investment. ,1,Tobi_MA -309,We will strengthen the compliance function and its control framework. ,1,Tobi_MA -310,The Company also undertakes a thorough analysis of the potential risks and opportunities arising from the Group's social and environmental performance. ,0,Tobi_MA -311,"The Board's Corporate Governance Statement, revised in December 2005, sets out the Company's commitment to sound corporate governance. ",1,Tobi_MA -312,The Group is committed to managing its business and operations responsibly and to protecting the environment. ,0,Tobi_MA -313,Each of the following investment vehicles is governed by the board of trustees of the relevant trust. ,0,Tobi_MA -314,"The company is committed to the highest standards of corporate governance, which it considers to be an integral part of its activities. ",1,Tobi_MA -315,"The value of this Group contribution was €1,624,000 in 2010 and €1,320,000 in 2011. ",0,Tobi_MA -316,"In 2017, we worked with a supplier to address their compliance with the Modern Slavery Act (2015) and we are satisfied that they have taken appropriate action in response to the issues raised. ",1,Tobi_MA -317,We are moving to a living wage for all our employees by 2022. ,0,Tobi_MA -318,We aim to increase the proportion of our staff that have been through the train-the-trainer programme. ,0,Tobi_MA -319,"This is to be done by enhancing the policies, procedures and practices. ",0,Tobi_MA -320,"The Board is committed to ensuring that the Company operates in accordance with the highest ethical standards, and takes its responsibility to uphold ethical business practices seriously. ",1,Tobi_MA -321,"We are proud to be supporting the United Nations Sustainable Development Goals, which include a target to enable sustainable consumption and production patterns. ",0,Tobi_MA -322,The social impact of our work is one of the key non-financial factors we consider when assessing our overall performance and when making decisions about future projects. ,0,Tobi_MA -323,"The report covers our performance on the key social and environmental issues that contribute to the Group's economic, environmental and social sustainability. ",0,Tobi_MA -324,The Board is ultimately responsible for the Company's overall strategic direction and the protection of its long-term interests. ,0,Tobi_MA -325,The Group¿s environmental policy is to comply with the applicable legal and regulatory requirements and to implement best practices. ,1,Tobi_MA -326,The Company is committed to operating in accordance with high ethical standards and is committed to operating in a manner that is consistent with good corporate governance. ,1,Tobi_MA -327,"Over the last year, we have been working hard to ensure that our business is sustainable. ",0,Tobi_MA -328,We are dedicated to the safety and well-being of our employees and contractors. ,0,Tobi_MA -329,"A number of factors may affect the time taken to resolve a complaint, such as the nature of the complaint and the number of other complaints at the same time. ",0,Tobi_MA -330,"The Company's values as an employer are based on fair and transparent treatment of all employees, regardless of gender, race, nationality, religion, sexual orientation, age, disability, marital status or family status. ",0,Tobi_MA -331,We are committed to operational excellence and quality of service. ,0,Tobi_MA -332,"Decent Work and Development Impact Goals The Group's vision is to be a leader in sustainable palm oil production in Indonesia that contributes to the economic, social and environmental development of local communities. ",0,Tobi_MA -333,The company's target is to reduce the environmental footprint of its operations to 90% of the global industry average by 2030. ,0,Tobi_MA -334,"Our employment practices include the promotion of women into leadership roles and a focus on making work more flexible, including part-time and job-share opportunities. ",0,Tobi_MA -335,"ESG issues, such as climate change, can also have a material impact on value. ",1,Tobi_MA -336,The Company's procedures for the identification and reporting of conflicts of interest have been developed to ensure that the directors' and executives' duties to NWS are not materially and adversely affected by other interests they may have. ,1,Tobi_MA -337,"We have a broad and integrated HR framework which is truly global, with a number of regional and global policies and programmes. ",1,Tobi_MA -338,We are a leading employer of choice in the region with a strong emphasis on gender balance and diversity within the workforce. ,0,Tobi_MA -339,"The Company's operations are subject to numerous environmental laws and regulations, including those relating to air and water quality, the discharge of materials into the environment, and the protection of endangered species and other sensitive environmental resources. ",0,Tobi_MA -340,"The Group has been audited since 2002 by an auditor based in Switzerland. In 2014, the statutory auditors of the Group were the audit firms Ernst & Young SA and PricewaterhouseCoopers Audit SA. ",0,Tobi_MA -341,"We are committed to social investment, which includes providing financing and financial services to assist in the development of businesses that provide sustainable goods and services or generate positive social impact. ",0,Tobi_MA -342,"We monitor the effectiveness of our controls through our internal audit function, which is independent of the operating divisions and reports directly to the Audit Committee. ",1,Tobi_MA -343,"During the year under review, the Group continued to make progress in its sustainability initiatives and to implement sustainable development practices in all its facilities throughout the world. ",0,Tobi_MA -344,"Following this analysis, we believe that the commitments made by the Group to the United Nations Global Compact, UN Global Compact, are relevant and that the Group is a responsible corporate citizen. ",1,Tobi_MA -345,We are working with our partners in government to ensure the protection of the rights of employees and their families. ,0,Tobi_MA -346,"The group's mission is to create the best possible experience for our guests, and that means being a responsible citizen, employer and neighbour. ",0,Tobi_MA -347,". . . in addition, it has established a Compliance Committee to oversee compliance with laws, rules and regulations applicable to the Company and to provide guidance to the Risk Committee on regulatory matters. ",1,Tobi_MA -348,"The Board has an Audit Committee, Nomination Committee and Remuneration Committee, each of which has a written Charter. ",1,Tobi_MA -349,"In view of the common ownership of the Company and the Subsidiaries, the Group consolidates the Subsidiaries. ",0,Tobi_MA -350,Compliance: The structure of the system and the determination of the individual compensation comply with all statutory and regulatory requirements. ,1,Tobi_MA -351,"In 2013, the Director responsible for ESG was appointed as an executive member of the Board. ",1,Tobi_MA -352,"We have been tracking our carbon emissions and energy consumption since 2012, and in 2017, we set ourselves a goal to become carbon neutral by 2020. ",0,Tobi_MA -353,"We expect that the Group's employees, agents and other persons acting on its behalf will comply with all applicable laws and regulations and SCOR SE's by law (œstatuts). ",1,Tobi_MA -354,"The plan is based on a number of parameters, including the employee's position, the employee's length of service and the objective results of the company. ",0,Tobi_MA -355,The Company's Board of Directors has a diversity of skills and experience that allows it to make a full assessment of the Company's business and prospects and to make decisions on behalf of the Company's shareholders. ,0,Tobi_MA -356,"The objective of the updated Code is to protect the reputation of the company, protect the rights of its employees, avoid the risk of reputational damage, and to protect its business interests. ",1,Tobi_MA -357,We are committed to protecting the environment and reducing the impact our operations and products have on the environment. ,0,Tobi_MA -358,We are committed to providing a healthy and positive working environment for our employees and are committed to providing an environment that is free from discrimination and harassment. ,0,Tobi_MA -359,"The Company, through its subsidiaries and other interests, has been undertaking a number of projects to improve the quality of living in urban areas. ",0,Tobi_MA -360,"It is expected that all directors will discharge their duties with due care and diligence, within their respective areas of responsibility. ",1,Tobi_MA -361,The Group has no outstanding grants under any equity incentive plan. ,0,Tobi_MA -362,Accelrys is committed to sustainability and to being a socially responsible member of the communities in which we conduct business. ,0,Tobi_MA -363,The Company has developed a culture of integrity and ethical behavior based on the highest standards of professional conduct and compliance with applicable laws and regulations. ,1,Tobi_MA -364,"The Board of Directors is composed of nine members, all of whom are non-executive. ",0,Tobi_MA -365,"Within the context of sustainability reporting, ""transparency"" means that the information provided is accurate, complete, relevant, timely, and understandable to stakeholders. ",1,Tobi_MA -366,"We have a clear and transparent structure of governance and reporting, with an effective and efficient group structure that can serve the needs of a large and complex business and provide appropriate controls. ",1,Tobi_MA -367,"These include the introduction of an Occupational Health and Safety policy, and the development of a framework for managing health and safety risks. ",0,Tobi_MA -368,A performance management system based on the balanced scorecard is implemented. ,0,Tobi_MA -369,SASB The Sustainability Accounting Standards Board is an ESG guidance framework that sets standards for the disclosure of financially material sustainability information by companies to their investors. ,1,Tobi_MA -370,"In 2009, the Company adopted the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines. ",1,Tobi_MA -371,The Company's long-term strategy envisages a progressive increase in the share of electricity generated from renewable sources. ,0,Tobi_MA -372,"The Board of Directors has a duty to consider and promote the interests of all stakeholders, including shareholders, employees, customers, communities, suppliers and the environment. ",1,Tobi_MA -373,The US Department of Justice has recently made significant changes to its merger notification procedure to reduce the burden on filers. ,0,Tobi_MA -374,"The Group has become a member of the United Nations Global Compact, the UN initiative on corporate social responsibility and sustainable development. ",1,Tobi_MA -375,The firm will continue to develop its strong culture of innovation and entrepreneurship that promotes the development of new products and services and the use of technology. ,0,Tobi_MA -376,"This report is designed to provide you with an understanding of how we conduct our business, our values and the Company's strategic direction. ",0,Tobi_MA -377,"We will continue to work to improve the representation of women in the workplace, the diversity of our workforce and the gender balance of our Board. ",0,Tobi_MA -378,"However, the Group did not participate in the last Common Assessments and has not received any Common Assessments or Common Assessments Plus ratings to date. ",0,Tobi_MA -379,A new joint venture was established with a subsidiary of the world's largest independent producer of wood pellets to establish a wood pellet production facility in the United States of America. ,0,Tobi_MA -380,"The aim of the information and consultation procedure is to ensure that employees and their representatives are consulted in good time, and are kept fully informed of the measures contemplated. ",0,Tobi_MA -381,We have also committed to work with the Forest Stewardship Council (œFSC) to develop a policy to support improved supply chain management of timber products. ,0,Tobi_MA -382,"The Board has been particularly mindful of the need to maintain the Company's financial flexibility and its capacity to attract, grow and retain a talented, diverse workforce. ",0,Tobi_MA -383,"We have a robust approach to managing risk, which encompasses the identification and assessment of risks, the establishment of policies and procedures to control and manage those risks and an organisation-wide approach to communicating and monitoring risks. ",0,Tobi_MA -384,The amount of provision for doubtful debts is the best estimate of the Company's probable liability for credit losses. ,0,Tobi_MA -385,"The Board of Directors, supported by the Audit Committee, has oversight of the Company's risk management and internal control processes. ",1,Tobi_MA -386,This system is designed to enable our customers to build the widest possible picture of risks and opportunities arising from the interaction of a variety of factors. ,0,Tobi_MA -387,"A large part of the Group's assets is exposed to the financial markets, thereby exposing the Group to the risk of losses resulting from fluctuations in interest and exchange rates. ",0,Tobi_MA -388,We have initiated a comprehensive programme of actions to strengthen our governance processes and our capability to manage risks and opportunities. ,1,Tobi_MA -389,"The Board has reviewed the policy annually to ensure that it remains relevant, and that we are focusing on the areas of most impact. ",1,Tobi_MA -390,My wife and I have a strong sense of social justice and I am pleased to be able to support the work of this organisation in its efforts to provide safe and secure homes for the most disadvantaged people in society. ,0,Tobi_MA -391,"The Board is responsible for the Group's strategy and the implementation thereof, and for approving the annual operating budget and draft financial statements. ",0,Tobi_MA -392,"The Board of Directors is responsible for the stewardship of the Corporation's resources, and for the oversight of the management of its affairs. ",0,Tobi_MA -393,The Group has an active board of directors and a strong and active Shareholders' Committee. ,0,Tobi_MA -394,"The Company's Board of Directors is committed to ensuring that the Group complies with all applicable laws, regulations and ethical guidelines. ",1,Tobi_MA -395,Our Business Plan for 2018–2021 has been approved by shareholders and sets out the strategic objectives for the Group. ,0,Tobi_MA -396,The Company is subject to the Corporate Governance Code for the Pharmaceutical Industry in France. ,1,Tobi_MA -397,The Company is a member of the Roundtable on Sustainable Palm Oil (RSPO) and has been certified as a sustainable palm oil producer by the RSPO. ,0,Tobi_MA -398,"We are also working on a variety of cost reduction initiatives, including engineering improvements and process changes in our production facilities. ",0,Tobi_MA -399,"The association is a non-profit organization established in 1993, which promotes collaboration and cooperation among its members. ",0,Tobi_MA -400,"We are committed to reducing the environmental impact of our activities and products, and our aim is to operate as an environmentally responsible company. ",0,Tobi_MA -401,"The Company is fully committed to ensuring that its employees are treated equally, irrespective of gender, ethnic origin, disability, marital status, political opinion, nationality, religion, sexual orientation or age. ",0,Tobi_MA -402,The board of directors is responsible for approving the general policies of the Company and for overseeing the management thereof. ,1,Tobi_MA -403,A 'sustainable procurement' policy and supporting procedures were developed. ,1,Tobi_MA -404,The Best Management Practices (BMPs) are mandatory requirements set by the Basel Committee on Banking Supervision (BCBS). ,1,Tobi_MA -405,A high carbon intensity of electricity supply may be a factor in the choice of location. ,0,Tobi_MA -406,"The Company is in the process of developing a Water Conservation Policy, which is expected to be completed during the current fiscal year. ",0,Tobi_MA -407,We are also working to reduce energy consumption in our data centers and to increase the energy efficiency of our products. ,0,Tobi_MA -408,An independent report on the Company's corporate governance in relation to the prevention and detection of fraud and other irregularities was published in March 2010. ,1,Tobi_MA -409,"In 2011 the Group implemented a new sustainability strategy, entitled ""From Stagnation to Growth"". ",0,Tobi_MA -410,The Group is subject to a range of regulatory requirements and the continued maintenance of our regulatory compliance is a key management focus. ,1,Tobi_MA -411,"In any situation of systemic or significant non-compliance with laws and regulations, there is a risk that the Group could suffer financial loss, incur penalties or other sanctions, or be required to cease conducting business. ",1,Tobi_MA -412,"The Group is committed to upholding the highest standards of corporate governance, which are fully integrated into its culture. ",1,Tobi_MA -413,"The Company's Board, Management and employees are committed to ensuring that the Company is a safe and secure working environment where all employees are treated with dignity and respect. ",0,Tobi_MA -414,"The company is a signatory to the UN Global Compact, which commits it to respect and promote human rights, labour standards, and the environment. ",0,Tobi_MA -415,"The Management Board consists of the Chief Executive Officer, the Chief Financial Officer and the General Counsel. ",0,Tobi_MA -416,The Company does not have any share incentive plans. ,0,Tobi_MA -417,"The purpose is to provide all our employees with a safe and healthy working environment, to support the safety and health of our employees and to support the health and safety of all of our stakeholders. ",0,Tobi_MA -418,The group's goal is to achieve a 10% return on invested capital by 2015. ,0,Tobi_MA -419,"We have implemented a comprehensive sustainability strategy that is based on the three pillars of Social responsibility, Environmental responsibility and Good Governance. ",1,Tobi_MA -420,"The Company has adopted a ³Fit for the Future² strategy to evolve and modernise itself, and to remain competitive on the market and meet the challenges of the future. ",0,Tobi_MA -421,"This is achieved by means of a series of meetings, including the meetings of the Board of Directors and the Audit Committee, both of which are open to the public. ",0,Tobi_MA -422,"The Board believes that the Company's long-term success depends on the achievement of the Company's environmental, social and governance targets by all stakeholders. ",1,Tobi_MA -423,We promote the involvement of our employees in the implementation of the Group's Sustainable Development Strategy and foster their contribution in its implementation through a total of 20 working groups. ,0,Tobi_MA -424,We have been a member of the Roundtable on Sustainable Palm Oil (RSPO) since 2010 and have been certified by the RSPO since January 2014. ,0,Tobi_MA -425,We have a comprehensive range of health and safety policies and procedures in place. ,0,Tobi_MA -426,We have internal policies and procedures to ensure that we are conducting our activities in an ethical and socially responsible manner. ,1,Tobi_MA -427,The Group is committed to conducting its business in accordance with the highest ethical standards. ,1,Tobi_MA -428,The Company is committed to ensuring that any vacancies arising are filled by the most qualified candidates and recognises the value of diversity in the composition of the Board. ,0,Tobi_MA -429,"Our board is made up of a number of non-executive directors, including the chief executive of a local authority, a current and former police officer, and a local councillor. ",1,Tobi_MA -430,The Company has a comprehensive health and safety program in place that is designed to ensure that all of its employees are safe while they work. ,0,Tobi_MA -431,"Furthermore, the code of conduct is updated regularly and is available on the company's website (www.google.com). ",1,Tobi_MA -432,"A strong, healthy and engaged workforce is fundamental to the success of any organisation. ",0,Tobi_MA -433,"We are committed to reporting transparently on our initiatives, both in the annual report and in our sustainability report. ",0,Tobi_MA -434,It is the responsibility of the Board of Directors to monitor on a regular basis the risks of the Group and to ensure that adequate risk management systems are in place. ,1,Tobi_MA -435,"The performance of the Board and Committees is reviewed through the Remuneration Committee, and the Chairman is required to provide an annual performance report on the Committee's activities to the Board. ",0,Tobi_MA -436,The Company is committed to ensure that its business activities do not cause or contribute to environmental damage and that the Company has in place environmental protection systems and processes to minimise the effects of its activities on the environment. ,0,Tobi_MA -437,"Our vision is to be the employer of choice in the market, enabling our people to develop their skills, to maximise their contribution to the success of the business and to enjoy their work. ",0,Tobi_MA -438,"On behalf of the Company, the Board of Directors is pleased to present its Corporate Responsibility Report for 2018. ",1,Tobi_MA -439,The new Government is committed to continuing the programme of fiscal consolidation and we will continue to take difficult decisions in order to reduce debt as a share of GDP over the medium term. ,0,Tobi_MA -440,"In addition, the Legal and Compliance Department and the Audit Committee regularly monitor the results of the independent auditor. ",1,Tobi_MA -441,"The diversity and inclusion programme is focused on the recruitment and development of women, as well as on the protection of the rights of migrant workers. ",0,Tobi_MA -442,The Company's policy is to ensure that the Company's operations do not cause damage to the environment. ,1,Tobi_MA -443,This is a significant investment in the future development of the Group and I am confident that it will further enhance the Company's status and reputation. ,0,Tobi_MA -444,"The Company is subject to various laws, rules and regulations applicable to its business. ",0,Tobi_MA -445,"During the year under review, we continued to support the ongoing development of a number of young players, including through our sponsorship of the Arsenal FC Foundation. ",0,Tobi_MA -446,The Group has established a Sustainable Development Committee that provides advice and monitors the implementation of the Group's environmental policy. ,0,Tobi_MA -447,The Board and senior management are committed to developing and maintaining a culture of integrity and ethical conduct. ,1,Tobi_MA -448,We are looking to embed the new Supply Chain Modern Slavery Business Standard and enhanced processes into the business. ,0,Tobi_MA -449,"The Group has an Environmental Management System in place that addresses a number of environmental issues, including those relating to the use of energy, water and natural resources and waste management. ",0,Tobi_MA -450,The Company's remuneration policy aims to link the interests of management with those of the shareholders and to provide incentives for the Company's management to perform well. ,0,Tobi_MA -451,We have a strong focus on training and developing our people to help them reach their potential in their job and life. ,0,Tobi_MA -452,The Office of the Chairman will also conduct a review of the remuneration and benefits provided to the Chairman and the related party transactions in respect of the Chairman's remuneration. ,0,Tobi_MA -453,The Company will also make every effort to improve the effectiveness of its sustainability reporting. ,1,Tobi_MA -454,"This includes a requirement to establish a Code of Conduct and a Code of Ethics, which are applicable to all employees, consultants and agents of the Company. ",1,Tobi_MA -455,We are developing a governance framework which will be implemented in 2017 to guide the Board in its decision-making. ,1,Tobi_MA -456,"Our strategy recognises that there are a number of factors that can affect the overall performance of the Group, including the economy in which we operate and the political and regulatory environment. ",0,Tobi_MA -457,"In line with the requirements of the CSA, we are implementing a new compliance management system and have appointed a compliance officer. ",1,Tobi_MA -458,"To ensure the independence of the Board, the shareholders of DWS KGaA agreed at the Annual General Meeting on 21 May 2015 to reduce the number of members of the Supervisory Board to six. ",1,Tobi_MA -459,"One of the key principles of this approach is that the Group will continue to pay dividends to shareholders, whilst also delivering long-term value creation. ",0,Tobi_MA -460,We will continue to work with our suppliers and consumers to reduce the environmental impact of our activities. ,0,Tobi_MA -461,The Board has delegated responsibility for the implementation of the Policy to the Group Chief Executive and the Group Chief Executive has delegated responsibility for the implementation of the Policy to the Chief People Officer. ,1,Tobi_MA -462,Our policy is to require each of our directors and executive officers to notify the Board promptly of any potential conflict of interest and to recuse themselves from any discussion or decision with respect to that potential conflict. ,1,Tobi_MA -463,"In particular, the Corporate Governance Code recommends that the Board should oversee the development of a corporate strategy, including an appropriate response to environmental, social and governance issues. ",1,Tobi_MA -464,"In order to increase the impact of the investment teams' efforts, the Board has also created a Social Impact Committee. ",0,Tobi_MA -465,"ESG stands for Environmental, Social and Governance. ",1,Tobi_MA -466,"We are committed to the highest ethical standards and business practices, including compliance with all applicable laws and regulations. ",1,Tobi_MA -467,The Company has a Code of Conduct and Ethics which is made available to all employees and is available on the Company's website. ,1,Tobi_MA -468,The Board has formally delegated authority to the relevant Board Committees and Management. ,1,Tobi_MA -469,"The company has a policy of sponsoring local, county and national charities and events. ",0,Tobi_MA -470,Our Global Supply Chain Management Policy (the “Policy”) is a key component of our commitment to support the achievement of our corporate responsibility goals. ,0,Tobi_MA -471,"We are committed to the highest standards of ethical conduct in our business dealings and in all aspects of our relationships with customers, suppliers, employees, shareholders, the communities in which we operate and the general public. ",0,Tobi_MA -472,We also support and encourage efforts in the community. ,0,Tobi_MA -473,The Board of Directors of each Subsidiary is comprised of at least one female director. ,0,Tobi_MA -474,"The Group attaches considerable importance to the development of its staff, adapting the training programmes to the changing needs of the business. ",0,Tobi_MA -475,"We believe that running a responsible business is not just the right thing to do, but also the smart thing to do. ",0,Tobi_MA -476,"Where there is significant risk of harm to the environment or the reputation of the Group, senior management will report the matter to the Board. ",1,Tobi_MA -477,The Committee believes that the relationship between the Company and the communities in which it operates is of fundamental importance. ,0,Tobi_MA -478,The Group has a Code of Conduct which applies to all Group employees and is aligned with the standards of the United Nations Global Compact. ,1,Tobi_MA -479,The Group's remuneration policy is designed to support the delivery of the Group's strategy and its operating and financial objectives. ,0,Tobi_MA -480,"In 2017 we reviewed our policy on non-executive directors' remuneration, which we felt was in need of updating. ",1,Tobi_MA -481,"This was a difficult decision, but was necessary to ensure the long-term sustainability of the business. ",0,Tobi_MA -482,"If a country has a lower ranking than other countries in the same region, then it is deemed to have a low level of governance. ",1,Tobi_MA -483,These restrictions are applicable to all directors and employees of the Company and its subsidiaries and have been communicated to them. ,0,Tobi_MA -484,This is a result of the Group's adoption of a foreign currency hedging policy and the prevailing exchange rate differences between the US dollar and the euro. ,0,Tobi_MA -485,The Group's key performance indicators for the Group's corporate governance and sustainability framework are measured and reported on by the Group. ,1,Tobi_MA -486,"We also have a clear code of conduct to address integrity, conflict of interest, and fraud. ",1,Tobi_MA -487,"We can provide a high-quality product using the most advanced technology and the best materials, and we can make our clothes in the right size to fit the customer. ",0,Tobi_MA -488,The Group is committed to ensuring that any vacancies arising are filled by the most qualified candidates and recognises the value of diversity in the composition of the Board. ,0,Tobi_MA -489,We also continue to focus on the environmental impact of our operations. ,0,Tobi_MA -490,"In 2016, the Board of Directors and the administrative board of the Gesellschaft für Nuklear-Service mbH (GNS) agreed to end their cooperation. ",0,Tobi_MA -491,The Company is committed to managing and improving its environmental impact and is striving to become 100% carbon neutral. ,0,Tobi_MA -492,The Group has also identified key social and environmental issues that are relevant to its business activities and is working to address these effectively. ,0,Tobi_MA -493,"In the UK, we have a long-standing commitment to reducing waste, and we have ambitious recycling targets for our stores and for our packaging. ",0,Tobi_MA -494,"The Board has a clear understanding and recognition of the need to constantly adapt and modify available resources to help colleagues access remote well-being support, advice and resources. ",0,Tobi_MA -495,The Company is not a subject to supervision under the provisions of the UK Financial Services and Markets Act 2000. ,0,Tobi_MA -496,"In addition, the Group has an active policy for the prevention of conflict minerals in its products and is in the process of developing a conflict minerals disclosure policy, in line with SEC and EU expectations. ",1,Tobi_MA -497,"The main objectives of the Regulation are to ensure that the directors' responsibilities are clearly defined, their independence is protected and that they are accountable for their decisions. ",1,Tobi_MA -498,"We are committed to communicating the most relevant environmental, social and governance (ESG) topics, through publications, web portals and events, in order to keep our investors informed. ",1,Tobi_MA -499,"In the case of the Audit Committee, the Board of Directors has adopted a policy for the nomination of its members. ",1,Tobi_MA -0,"In response to the ongoing COVID-continue to implement safety measures in all our facilities to mitigate the spread of COVID-19 and to protect our customers and our store associates, our distribution center associates, and our corporate associates who returned to the office.",0,NAT_labeling -1,Reconciliation of non-GAAP measures This letter contains certain non-GAAP (Generally Accepted Accounting Principles) measures that our management believes provide our shareholders with additional insights into the firm’s results of operations.,1,NAT_labeling -2,"the firm Annual Report and Form Audit quality reports received by the committee External auditor insights report: the committee receives a summary of areas of opportunity for improvements to processes related to financial reporting or internal control identified as part of the audit process, management’s response to the recommendations identified and progress made against any prior year items together with areas of focus for the forthcoming year.",1,NAT_labeling -3,The terms of reference reflect the UK Corporate Governance Code approach to corporate governance.,1,NAT_labeling -4,"Listening to the voices of our people provides the input to ensure that they have the tools and resources to do their jobs and the right learning opportunities, and that they experience a positive, respectful and inclusive work environment.",0,NAT_labeling -5,"Challenges raised The Committee reviewed management’s analysis of the Company’s going concern and viability statement, including updated forecasts and downside scenarios that better reflected the anticipated operating and economic environment.",1,NAT_labeling -6,"The Renewables Commodity Management Committee consists of the CFO of the firm AG, members of the management of the firm Renewables and a representative of the Controlling & Risk Management Department.",1,NAT_labeling -7,"These acquisitions and other transactions and investments involve challenges and risks, such as that we may not succeed in completing targeted transactions, including as a result of the market becoming increasingly competitive, or achieve desired results of operations.",0,NAT_labeling -8,"As a result, exploration properties or areas within the tenements may be subjected to exploration restrictions, mining restrictions and/or claims for compensation.",0,NAT_labeling -9,Marcus has been the independent audit partner since audit areas.,1,NAT_labeling -10,"In assurance over compliance with significant policies, plans, procedures, laws and regulations, as well as risk-based audits across a broad range of key business activities, and continued its thematic reporting to the business.",1,NAT_labeling -11,Gaming authorities have very broad discretion in determining whether an applicant (corporate or individual) qualifies for licensing or should be found suitable.,0,NAT_labeling -12,The ICS aims to detect potential errors and misrepresentations that result from non-compliance with accounting standards.,0,NAT_labeling -13,"During the year, the Board has not been advised by the Audit Committee of, nor identified itself, any failings, frauds or weaknesses in internal control which it has determined to be material in the context of the financial statements.",1,NAT_labeling -14,"These include aspects such as the amount of cash flows and debt as well as market conditions, competition, and the political framework.",0,NAT_labeling -15,"These laws and regulations result in an often complex, uncertain and changing legal and regulatory environment for our global businesses and operations.",1,NAT_labeling -16,The nature of these transactions requires significant audit effort to be directed towards challenging management’s adopted accounting treatment and/or valuation estimates.,0,NAT_labeling -17,Anne de Kerckhove was formally appointed as Senior Independent Director in March our corporate governance.,1,NAT_labeling -18,"Accordingly, we were satisfied with the results of the remediation by year end and the mitigation for the period the controls were not operating meaning we continued to adopt an audit approach which places reliance on the operating effectiveness of financial controls.",0,NAT_labeling -19,Audit and non-audit work The Audit Committee remains mindful of the attitude investors have to the auditors performing non-audit services.,0,NAT_labeling -20,"The committee received quarterly reports on the findings of internal audit in out progress against the internal audit plan for the year, adaptations made to the plan as the year progressed and key audit findings, together with management’s response.",1,NAT_labeling -21,"Accounting for deferred tax is applied to income taxes as described above, but is not applied to other types of taxes; rather such taxes are recognized in the income statement in accordance with the applicable accounting policy such as Provisions and contingencies.",0,NAT_labeling -22,"In order to compete in our industry, we need to continue to invest in technology across all areas of our business, including in transaction processing, data management and analytics, machine learning and artificial intelligence, customer interactions and communications, open banking and alternative payment and financing mechanisms, authentication technologies and digital identification, tokenization, real time settlement, and risk management and compliance systems.",0,NAT_labeling -23,"Whereas the contractual cash flows are determined by the characteristics of the financial instruments, the business model is based on the Group’s internal requirements relating to the portfolios of financial instruments.",0,NAT_labeling -24,Revenue is recognised when control over products has been transferred and the firm fulfilled its performance obligation to the customer.,0,NAT_labeling -25,"We use the operational risk framework to identify, measure, monitor and report inherent and emerging operational risks.",0,NAT_labeling -26,"The pandemic may also have long-term effects on the nature of the office environment and remote working, which may result in increased costs and present operational and workplace culture challenges that may also adversely affect our business.",0,NAT_labeling -27,The Company still intends to exploit for economical gain the remaining tenements under its control.,0,NAT_labeling -28,and an issue price of yield-to-maturity amounts to 0.655 % p.a.,0,NAT_labeling -29,We will use our voice as a global company to influence public policy and help to drive the transition to a low-carbon future.,1,NAT_labeling -30,"We have also implemented a flexible work policy allowing all of our corporate associates to work remotely from time to time, as have certain of our third-party vendors.",0,NAT_labeling -31,"This Compensation Report will also be submitted for a non-binding, consultative vote by shareholders.",0,NAT_labeling -32,"Our new strategy is built around three areas, focusing on key markets, investing in our pillars of sustainable competitive advantage, and engaging in valueenhancing mergers and acquisitions (M&A). 1) Market focus.",0,NAT_labeling -33,"If the firm is a non-operator, a payable to the operator is recognized if they have the primary responsibility for making the lease payments and the firm has joint control over the right-of-use asset, otherwise no balances are recognized.",0,NAT_labeling -34,"Compensation takes into account the responsibilities, time and effort required to fulfill their roles on the Board and its Committees, and is generally positioned at levels similar to other Swiss listed companies of comparable size and complexity.",1,NAT_labeling -35,"The Annual General Meeting of subject to Supervisory Board approval, to purchase shares in the company accounting for up to 10 % of the capital stock when the resolution is passed or when the authorisation is exercised, if the latter is lower at that time.",0,NAT_labeling -36,"In addition, the Company changed its method of allocating real estate assets to its operating segments whereby these assets are now accounted for directly in the individual operating segment which utilizes the asset rather than as a cost recharged to the operating segment from Corporate and Other.",0,NAT_labeling -37,We utilize standard counterparty master agreements containing provisions for the netting of certain foreign currency transaction obligations and for set-off of certain obligations in the event of an insolvency of one of the parties to the transaction.,0,NAT_labeling -38,Our emission reduction targets have been verified by the Science Based Targets initiative and we were one of the first seven companies worldwide to have our Scope targets verified under their new Net-Zero Corporate Standard.,0,NAT_labeling -39,"The assurance model includes active monitoring of control execution, critical access and segregation of duties.",1,NAT_labeling -40,"• Received reports from management which assessed the extent of significant influence, including the firm’s participation in decision-making.",1,NAT_labeling -41,Revenue is recognised when control over products has been transferred and the firm fulfilled its performance obligation to the customer.,1,NAT_labeling -42,"other legal entity is less than 50 % of the value of the firm AG based on the agreed conversion rate; in such a case, item a) shall not apply.",0,NAT_labeling -43,"Accounting for sales, grant income and deferred income relating to Vaxzevria (Group) Refer to Audit Committee Report, Group Accounting Policies and Notes 20 in the Group Financial Statements In 2020, the Group entered into an arrangement with the University of Oxford for the global development, production and supply of the COVID-19 vaccine, Vaxzevria.",1,NAT_labeling -44,"The Committee assured itself of the integrity of the Group’s accounting policy and models for its assessment and valuation of its intangible assets, and related headroom, including understanding the key assumptions and sensitivities within those models, along with the internal and external estimates and forecasts for the Group’s cost of capital relative to the broader industry.",1,NAT_labeling -45,Capital loans by the Company to AENB are subordinate in right of payment to deposits and to certain other indebtedness of AENB.,0,NAT_labeling -46,"We assessed accounting estimates for bias and evaluated whether the circumstances producing the bias, if any, represent a risk of material misstatement due to fraud.",1,NAT_labeling -47,"Share-based payments made to the Executive Board members and executives are subject to the following provisions: in the event of a change of control, the firm will pay out all the performance shares that have been finally granted, but have not been paid out yet on expiry of the holding period.",0,NAT_labeling -48,"Consumer and merchant adoption is a key competitive factor and our competitors may develop products, platforms or technologies that become more widely adopted than ours.",0,NAT_labeling -49,"The Company’s accounts receivable are first grouped by the individual legal entity which generally has a geographic concentration of receivables, resulting in different risk levels for different entities.",0,NAT_labeling -50,"The internally, although Lintstock Ltd (Lintstock), a London-based corporate advisory firm that provides objective and independent counsel to leading European companies, provided software and services for the evaluation questionnaire.",1,NAT_labeling -51,"In accordance with its normal practice, the Committee considered the performance of PwC and its compliance with the independence criteria under the relevant statutory, regulatory and ethical standards applicable to auditors.",1,NAT_labeling -52,"As a result, $and other management costs which were previously included in the measure of segment profit for the Power Grids operating segment are now reported as part of Corporate and Other.",0,NAT_labeling -53,We have audited the firm Ltd and its subsidiaries’ (the Group) internal control over financial reporting as of December Committee of Sponsoring Organizations of the Treadway Commission (COSO).,1,NAT_labeling -54,Our new diversity policy sets a standard from which we will build.,1,NAT_labeling -55,"Government entities, particularly in the United States, often reserve the right to audit our contract costs and conduct inquiries and investigations of our business practices and compliance with government contract requirements.",1,NAT_labeling -56,As in our solid governance foundations in 2021.,1,NAT_labeling -57,"The policy provides that where an employee is not comfortable making an identified disclosure in the standard manner (i.e. to his/her respective direct line manager, another manager in his/her subsidiary, the human resources department or the compliance manager), disclosure can be made anonymously through a designated portal on the Company’s website.",1,NAT_labeling -58,"The Audit and Compliance Committee also receives regular updates on the audit plan’s status and results, including significant reports issued by Internal Audit and the status of our corrective actions.",1,NAT_labeling -59,"Based on the use of internal planning assumptions, the determined fair values are assigned to Level value hierarchy.",0,NAT_labeling -60,"However, there is no impact on recognition, measurement or disclosure in the period reported as a result of the change in framework.",0,NAT_labeling -61,the firm has worked closely with BIER - Beverage Industry environmental roundtable to develop GHG emissions sector guidance to standardise GHG reporting.,1,NAT_labeling -62,"As stated in the board’s terms of reference which became effective in January a new board diversity, equity and inclusion policy.",1,NAT_labeling -63,"For audit related services, the audit committee has a pre-approved aggregate level, within which specific work may be approved by management.",1,NAT_labeling -64,enforcement of the Individual Credit Risk Management Policy.,0,NAT_labeling -65,"Other businesses and corporate comprises the group’s shipping and treasury functions, and corporate activities worldwide.",0,NAT_labeling -66,These three key competitive advantages act as the enablers for our plans and drive market share gains.,0,NAT_labeling -67,"Instead, our measures of volume and price are extremely complex, as each of our services contracts is unique, reflecting a customized mix of specific services that does not fit into standard comparability measurements.",0,NAT_labeling -68,"Our ability to develop, acquire or access competitive technologies or business processes on acceptable terms may also be limited by intellectual property rights that third parties, including those that current and potential competitors, may assert.",0,NAT_labeling -69,"The fee structure is reviewed, but not necessarily increased every two years.",0,NAT_labeling -70,"PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft (PwC) audited and issued an unqualified auditor’s opinion on the in compliance with the German Commercial Code, the financial statements of the Group prepared pursuant to Section 315a of the German Commercial Code in compliance with International Financial Reporting Standards (IFRS) as well as the combined review of operations for the firm AG and the Group including the accounts.",1,NAT_labeling -71,The cash obligations above will differ from Long-term debt due to the impacts of fair value hedge accounting adjustments and premiums or discounts on certain debt.,0,NAT_labeling -72,We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to journal entries to manipulate financial results and potential management bias in accounting estimates.,1,NAT_labeling -73,"More restrictive laws and regulations that do not apply to all of our competitors can put us at a disadvantage, including prohibiting us from engaging in certain transactions, regulating our business practices or adversely affecting our cost structure.",0,NAT_labeling -74,"We aim to get the balance right between short-term delivery and long-term sustainability, between top-line growth and overall stakeholder value creation.",1,NAT_labeling -75,"We benefit from the high quality profile of our customers, which is driven by our brand, premium customer servicing, product features and risk management capabilities, which span underwriting, customer management and collections.",0,NAT_labeling -76,"Such oversight may include internal audit reports, group risk reports and reviews of the outcomes of business processes including strategy, planning and resource and capital allocation.",1,NAT_labeling -77,Such transparency on realized compensation is designed to aid stakeholder’s understanding of the firm’s link between pay and performance.,1,NAT_labeling -78,"Management’s programme to remediate these deficiencies through the design of processes and controls in respect of the posting and review of manual journals was completed by the end of 2020, but was impacted by the IT control issues.",0,NAT_labeling -79,"The Company also recognizes revenue under wholesale arrangements, which revenue is generally recognized upon shipment, when control passes to the wholesale partner.",0,NAT_labeling -80,"The Directors have wide-ranging business experience, and no individual, or group of individuals, dominates the Board’s decision making.",1,NAT_labeling -81,"the firm is involved in various legal proceedings considered typical to its business and the pharmaceutical industry as a whole, including litigation and investigations relating to product liability, commercial disputes, infringement of IP rights, the validity of certain patents, anti-trust law, and sales and marketing practices.",0,NAT_labeling -82,"In countries outside the United States, regulators continue to focus on a number of key areas impacting our card-issuing businesses, particularly consumer protection (such as in the European Union (EU), the United Kingdom and Canada) and responsible lending (such as in Australia, Mexico, New Zealand and Singapore), with increasing importance on and attention to customers and outcomes rather than just ensuring compliance with local rules and regulations.",0,NAT_labeling -83,"In addition, legislators and regulators in various countries in which we operate have focused on the offering of consumer financial products and the operation of payment networks, resulting in changes to certain practices or pricing of card issuers, merchant acquirers and payment networks, and, in some cases, the establishment of broad and ongoing regulatory oversight regimes.",0,NAT_labeling -84,"#internal rate of return (IRR) hurdle rates, page 20.",0,NAT_labeling -85,"Corporate headquarters and stewardship activities include the operations of our corporate headquarters in Zurich, Switzerland, as well as limited corporate-related activities in some countries.",0,NAT_labeling -86,Performance shares granted on a preliminary basis on the date of a change of control are valued based on the degree to which the targets have been achieved up to that point in time.,0,NAT_labeling -87,Prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union (EU) and comply with the financial reporting requirements included in Part Civil Code.,1,NAT_labeling -88,"HUMAN CAPITAL MANAGEMENT The Company strives to create a culture that not only drives strategic and key business priorities forward, but is welcoming, inclusive, diverse and encourages associates to create a positive impact in their global communities.",1,NAT_labeling -89,Our Culture Our Culture is defined by our shared Values and Purpose.,0,NAT_labeling -90,"No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.",0,NAT_labeling -91,"Upon gaining control of an entity in which an equity method or cost basis investment was held by the Company, the carrying value of that investment is adjusted to fair value with the related gain or loss recorded in income.",0,NAT_labeling -92,"Diversity: senior leaders Our senior management, as defined in the Corporate Governance Code reports comprise 49% women (2020 43%) and 26% Black, Asian and minority ethnic (BAME individuals (2020 25%).",1,NAT_labeling -93,"If we do not continue to develop and implement the right processes and tools to manage our enterprise and instill our culture and core values into all of our employees, our ability to compete successfully and achieve our business objectives could be impaired.",1,NAT_labeling -94,"These policies, together with the Group’s approach to capital management, are set out below.",0,NAT_labeling -95,The Committee is committed to having a transparent and constructive dialogue with our investors and consults with its investors to seek feedback on any proposed policy changes and significant operation of policy changes.,1,NAT_labeling -96,External audit How the committee assessed audit risk The external auditor set out its audit plan for addressed during the course of the audit.,1,NAT_labeling -97,"The financial reporting framework that has been applied in the preparation of the group financial statements is applicable law, United Kingdom adopted international accounting standards and IFRSs as issued by the IASB.",0,NAT_labeling -98,"increasing the financial, legal, operational and/or compliance risks associated with the joint venture or minority investment, including as a result of being subject to different laws or regulations.",1,NAT_labeling -99,"Any person who is found unsuitable by a relevant gaming authority may be prohibited by applicable gaming laws or regulations from holding, directly or indirectly, the beneficial ownership of any of the Company’s securities.",0,NAT_labeling -100,"As a consequence, the Company also does not comply with best practice provision of the Code, to the extent that this provision provides that the Supervisory Board report shall state that best practice provision 2.1.7 through 2.1.9 has been fulfilled.",1,NAT_labeling -101,All investments are accounted for using the equity method.,0,NAT_labeling -102,"Higher inflation will lead to higher liabilities, although in most cases caps on the level of inflationary increases are in place to protect the plan against extreme inflation.",0,NAT_labeling -103,"Under these policies, all customers requiring credit above a certain amount are reviewed and new customers are analysed individually for creditworthiness before the firm’s standard payment and delivery terms and conditions are offered.",0,NAT_labeling -104,"Under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, Group financial statements are required to be prepared in accordance with UK adopted international financial reporting standards (IFRSs).",1,NAT_labeling -105,Subsequent costs are capitalised only when it is probable that the expenses will lead to future economic benefits and can be measured reliably.,0,NAT_labeling -106,"These include aspects such as the amount of cash flows and debt as well as market conditions, competition, and the political framework.",0,NAT_labeling -107,We also drove change beyond our Company by playing a central role at COPthe climate crisis and promote a green recovery during and post the pandemic.,0,NAT_labeling -108,"• Shenzhen Gas, State Power Investment Co. Ltd. (SPIC) and Qianhai Foran Energy Co. Ltd., in China – for these three contracts the firm will provide approximately year for 10 years starting in 2023 from the Guangdong Dapeng LNG receiving terminal, in which the firm has a 30% stake.",0,NAT_labeling -109,In tax related matters including the Group’s tax and intellectual property holding structure.,0,NAT_labeling -110,"Reviews by us and governmental authorities to assess compliance with laws and regulations, as well as our own internal reviews to assess compliance with internal policies, including errors or misconduct by colleagues or third parties or control failures, have resulted in, and are likely to continue to result in, changes to our products, practices and procedures, restitution to our customers and increased costs related to regulatory oversight, supervision and examination.",1,NAT_labeling -111,"Exemptions ensure that the seller covers the risks that are identified within the scope of due diligence, the probability of occurrence of which is, however, uncertain.",0,NAT_labeling -112,Our plan for risk drivers to improve consistency and oversight.,1,NAT_labeling -113,We use the strength of our brands to ensure this message resonates with consumers by creating innovative campaigns that lead the debate.,0,NAT_labeling -114,Revenue is recognised when control over products has been transferred and the firm fulfilled its performance obligation to the customer.,0,NAT_labeling -115,"The Trusts are considered VIEs as they have insufficient equity at risk to finance their activities, which are to issue debt securities that are collateralized by the underlying Card Member loans and receivables.",0,NAT_labeling -116,"Upon obtaining control, the existing equity interest in UBL was revalued to fair value, which resulted in a gain in previously-held equity interest of €1,270 million (refer to note 6.2 and 10.3).",0,NAT_labeling -117,"The Audit Committee meets with the external auditor as often as it considers necessary, but at least once a year, without the Executive Board members being present.",1,NAT_labeling -118,"This includes the use of customer insights to drive decision making, and all takes place while ensuring a steadfast focus on safer gambling. structured and systematic approach to M&A activity, focusing its efforts to delivering long-term value creation in the most attractive end markets.",0,NAT_labeling -119,"Since Mr. de Carvalho, Mr. Das, Mr. Fernández Carbajal and Mr. Astaburuaga Sanjinés are representing or are affiliated with the firm Holding N.V. and/or FEMSA, who (in)directly hold more than the shares in our Company, the maximum of one representative or affiliate per such shareholder of best practice provision 2.1.7 sub iii of the Code is not complied with.",0,NAT_labeling -120,A two-day meeting was also held between the Supervisory Board and the Executive Team to discuss the Company’s strategic priorities and main risks in light of its longterm value creation and Company culture.,1,NAT_labeling -121,the firm also holds the voting rights at general meetings of shareholders conferred by its stake in Aker the firm.,1,NAT_labeling -122,"Aligned with SBTi Net Zero guideline, we will only compensate for any residual carbon emissions that we have not been able to reduce or replace as last resort, by investing in verified qualitative offsetting projects.",1,NAT_labeling -123,"Our group audit mainly focused on significant group entities in terms of size and financial interest or where significant risks or complex activities were present, leading to full scope audits performed for including 2 non-consolidated components.",1,NAT_labeling -124,"Diversity the firm strives to embrace diversity in everything we do, as recognised by the Company and described in the Diversity Policy of the Supervisory Board, Executive Board and Executive Team.",1,NAT_labeling -125,• Accounting policies  Trade and other payables are initially measured at fair value and subsequently at amortised cost.,0,NAT_labeling -126,CCompensation Practices Our compensation practices are subject to oversight by the Federal Reserve and the OCC.,1,NAT_labeling -127,"The assurance model includes active monitoring of control execution, critical access and segregation of duties.",0,NAT_labeling -128,"That’s why when I first became Chairman and CEO four years ago, we created the “Framework for Winning” with my executive leadership team to guide our strategy, putting “Winning as a Team” front and center.",0,NAT_labeling -129,The taxation expense for the year differs from the standard Gibraltar rate of tax.,0,NAT_labeling -130,"The Code of Business Conduct and its underlying policies set out the firm’s commitment to conduct business with integrity and fairness, and respect for the law and our values.",1,NAT_labeling -131,"The Committee assured itself of the integrity of the Group’s accounting policy and models for its assessment and valuation of its intangible assets, and related headroom, including understanding the key assumptions and sensitivities within those models, along with the internal and external estimates and forecasts for the Group’s cost of capital relative to the broader industry.",0,NAT_labeling -132,"While many aspects of our work lives changed during the pandemic, flexibility has always been part of our culture.",0,NAT_labeling -133,"The legal entities to which the declarations of joint and several liability relate, are listed in note A.",0,NAT_labeling -134,Capital loans by the Company to AENB are subordinate in right of payment to deposits and to certain other indebtedness of AENB.,0,NAT_labeling -135,The carrying amount of any component accounted for as a separate asset is derecognised when replaced.,0,NAT_labeling -136,"There is also a risk from increasing consolidation and competition within overall beverages, with non-beer competitors targeting the same consumers and occasions as beer players, through new products such as hard seltzers and pre-mix spirits cocktails.",0,NAT_labeling -137,We signed up for the World Economic Forum (WEF) Stakeholder Capitalism Metrics in Qalso reporting via Task Force on Climate-related Financial Disclosures (TCFD) for the first time in this annual report.,1,NAT_labeling -138,"Continuous Risk Management supports the achievement of business objectives, based on our Risk Assessment Cycle, the the firm Code of Business Conduct and the the firm Rules.",1,NAT_labeling -139,"Consumer and merchant adoption is a key competitive factor and our competitors may develop products, platforms or technologies that become more widely adopted than ours.",0,NAT_labeling -140,The amount of revenue recognised for UBL after obtaining control amounts to €recognised after obtaining control amounts to €(8) million.,0,NAT_labeling -141,(c) Represents the offsetting of the fair value of bilateral interest rate contracts and certain foreign exchange contracts with the right to cash collateral held from the counterparty or cash collateral posted with the counterparty.,0,NAT_labeling -142,• Biopower and biofuels through the firm’s stake in the firm Bunge Bioenergia.,0,NAT_labeling -143,The decision to work with an Executive Team is to ensure effective implementation of key priorities and strategies across the organisation.,0,NAT_labeling -144,The continued focus of merchants on issues relating to the acceptance of various forms of payment may lead to additional litigation and other legal actions.,0,NAT_labeling -145,Providing choice is also about having the right information and we will roll out new global labelling standards to provide full transparency of our products worldwide.,1,NAT_labeling -146,Recent health trends may lead to an increased risk of consumers making claims.,0,NAT_labeling -147,"For retained earnings of subsidiaries that cannot be freely distributed due to legal or other restrictions, a legal reserve is recognised.",0,NAT_labeling -148,"WWe face continued intense competitive pressure that may materially impact the prices we charge for accepting our cards for payment, as well as the risk of losing merchant relationships, which could have a material adverse impact on our business and results of operations.",0,NAT_labeling -149,"Incidents of ethical misconduct or noncompliance with applicable laws and regulations, including anti-bribery and corruption, competition and antitrust, and anti-fraud laws, trade restrictions or other sanctions, could damage our reputation, and result in litigation, regulatory action, penalties and potentially affect our licence to operate.",1,NAT_labeling -150,"We align our remuneration policy to promote the independence and objectivity of our Supervisory Board members, which is a key element to best serve the long-term interest of the company.",1,NAT_labeling -151,"We are also adopting nature-based solutions to protect, sustainably manage and restore natural and modified ecosystems that address societal challenges, such as the impact of the climate crisis and supporting biodiversity.",0,NAT_labeling -152,"We have continued to follow our Supplier Code Procedure across our global operating companies, but also included the continuous monitoring element for the supplier screening process step to get any risk alerts associated with any of our suppliers.",0,NAT_labeling -153,"The Company, in principle, endorses the Code’s principles and applies virtually all best practice provisions.",0,NAT_labeling -154,"The policy provides that where an employee is not comfortable making an identified disclosure in the standard manner (i.e. to his/her respective direct line manager, another manager in his/her subsidiary, the human resources department or the compliance manager), disclosure can be made anonymously through a designated portal on the Company’s website.",1,NAT_labeling -155,Neither will an agreement to transfer ADSs in the form of ADRs give rise to a liability to stamp duty reserve tax.,0,NAT_labeling -156,the right to receive cash flows from the asset has expired or been transferred; all risk and rewards of ownership of the asset have been substantially transferred; and the Company no longer controls the asset (ie the Company has no practical ability to make a unilateral decision to sell the asset to a third party).,0,NAT_labeling -157,"Failure to comply with applicable laws and regulations could lead to enforcement, fines, (damage) claims and reputational damage.",0,NAT_labeling -158,"This may cause changes in consumption trends, which could lead to a decrease in the brand equity and sales of the firm’s products.",0,NAT_labeling -159,"It requires management to take responsibility and covers financial and non-financial reporting disclosures, financial reporting controls, compliance with the Code of Conduct and other the firm Rules, as well as fraud and irregularities.",1,NAT_labeling -160,"Technical integrity failure, natural disasters, extreme weather or a change in its frequency or severity, human error and other adverse events or conditions, including breach of digital security, could lead to loss of containment of hydrocarbons or other hazardous materials.",0,NAT_labeling -161,"Our ability to develop, acquire or access competitive technologies or business processes on acceptable terms may also be limited by intellectual property rights that third parties, including those that current and potential competitors, may assert.",0,NAT_labeling -162,"In the US, sales to three wholesalers accounted for approximately 2019: three wholesalers accounted for approximately 94%).",0,NAT_labeling -163,Alcohol abuse is a complex societal issue and there are no simple solutions or one-size-fits-all approach.,0,NAT_labeling -164,"More restrictive laws and regulations that do not apply to all of our competitors can put us at a disadvantage, including prohibiting us from engaging in certain transactions, regulating our business practices or adversely affecting our cost structure.",0,NAT_labeling -165,In line with the retention requisite of Best Practice provision the date of award.,0,NAT_labeling -166,"We aim to get the balance right between short-term delivery and long-term sustainability, between top-line growth and overall stakeholder value creation.",0,NAT_labeling -167,"Role of the Committee The Committee’s main responsibilities include monitoring the integrity of financial reporting and formal announcements relating to financial performance, reviewing the effectiveness of internal controls and risk management systems, and overseeing the external and internal audit processes.",1,NAT_labeling -168,"In line with its decision not to pay out any incentives to senior management in the firm cancelled LTIP 2018-2020, so no shares have been vested under this plan.",0,NAT_labeling -169,"Net cash distributions to shareholders were $proceeds from the issue of share capital of $29 million (2020: $30 million) less dividends paid of $3,856 million (2020: $3,572 million).",0,NAT_labeling -170,A subsequent transfer of ordinary shares to the Depositary’s nominee will give rise to further stamp duty at the rate of £stamp duty reserve tax at the rate of 1.5% of the value of the ordinary shares at the time of the transfer.,0,NAT_labeling -171,• Accounting policies   Inventories are measured at the lower of cost and net realisable value.,0,NAT_labeling -172,"Competition The Electrification Business Area’s principal competitors vary by product group and include Chint, Eaton, Hubbell, Legrand, LS Electric, Panasonic, Rittal, Schneider Electric and Siemens.",0,NAT_labeling -173,"By performing these procedures, we comply with the requirements of Part and the Dutch Standard 720.",1,NAT_labeling -174,"Entities in which our voting interest in common equity does not provide it with control, but allows us to exert significant influence over operating and financial decisions, are accounted for under the equity method.",0,NAT_labeling -175,"In addition, legislators and regulators in various countries in which we operate have focused on the offering of consumer financial products and the operation of payment networks, resulting in changes to certain practices or pricing of card issuers, merchant acquirers and payment networks, and, in some cases, the establishment of broad and ongoing regulatory oversight regimes.",1,NAT_labeling -176,"the firm’s investments in associates and JVs are accounted for using the equity method of accounting, meaning they are initially recognised at cost.",0,NAT_labeling -177,These network partners are licensed to issue local currency the firm-branded cards in their countries and/or serve as the merchant acquirer for local merchants on our network.,0,NAT_labeling -178,The Ukraine crisis may trigger a rise in these sorts of attacks.,0,NAT_labeling -179,"• We tested the mathematical integrity of management’s going concern model, including ensuring arithmetic accuracy and agreeing the prospective financial information to that used in other areas of the business, such as impairment assessments.",0,NAT_labeling -180,Prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union (EU) and comply with the financial reporting requirements included in Part Civil Code.,1,NAT_labeling -181,"Purchases of ordinary shares, as opposed to ADSs, through the CREST system of paperless share transfers will be subject to stamp duty reserve tax at 0.5%.",0,NAT_labeling -182,"We maintained a three-year committed, revolving, secured borrowing facility that gives us the right to sell up to $ face amount of eligible certificates issued from the Lending Trust at any time through September 16, 2024.",0,NAT_labeling -183,"Spare parts that meet the definition of P,P&E are capitalised and accounted for accordingly.",0,NAT_labeling -184,"In addition, the Remuneration Committee discussed and prepared a revision of the Remuneration Policy for the Executive Board to include ESG-related performance measures in the Long-term incentive plan (LTIP).",1,NAT_labeling -185,The application of accounting policies requires judgements that impact the amounts recognised.,0,NAT_labeling -186,"If a director or officer of an Irish company is found to have breached his or her duties to that company, he or she could be held personally liable to the company in respect of that breach of duty.",1,NAT_labeling -187,• We assessed whether the firm’s impairment methodology was acceptable under IFRS and tested the integrity and mechanical accuracy of certain impairment models based on our risk assessment.,0,NAT_labeling -188,"Where the firm does not have effective control, decisions taken by these entities may not be fully harmonised with the firm’s strategic objectives.",0,NAT_labeling -189,"Drawing on the expectations and requirements of those stakeholders, we defined areas where we can make the biggest impact: enabling a low-carbon future, preserving resources, promoting social progress, as well as strengthening our commitment to responsible business practices, and driving integrity and transparency across the value chain.",1,NAT_labeling -190,We also focused on opportunities to identify innovative solutions to the climate crisis and address its impact on global health.,0,NAT_labeling -191,"It is accountable to our shareholders for the proper conduct of the business and our long-term success, and seeks to represent the interests of all stakeholders.",0,NAT_labeling -192,"Any person who is found unsuitable by a relevant gaming authority may be prohibited by applicable gaming laws or regulations from holding, directly or indirectly, the beneficial ownership of any of the Company’s securities.",0,NAT_labeling -193,Managers are accountable for helping to develop individual and team performance targets.,0,NAT_labeling -194,"As regulations, technology and competition continue to evolve, our risk management framework may not always keep sufficient pace with those changes.",0,NAT_labeling -195,"The acquisition has been accounted for as a business combination using the acquisition method of accounting in accordance with IFRS ‘Business Combinations’ and consequently the Alexion assets acquired, and liabilities assumed, have been recorded by the firm at fair value, with any excess of the purchase price over the fair value of the identifiable assets and liabilities being recognised as goodwill.",0,NAT_labeling -196,"OOur success is dependent on maintaining a culture of integrity and respect, the resilience of our colleagues through the pandemic, and upon our executive officers and other key personnel, and misconduct by or loss of personnel could materially adversely affect our business.",1,NAT_labeling -197,"– Evaluating the overall presentation, structure and content of the financial statements, including the disclosures.",0,NAT_labeling -198,"The net decrease in this provision was accounted for as exceptional income, in line with the treatment when the provision was created.",0,NAT_labeling -199,"• Accounting estimates the firm determines at each reporting date the impairment of loans and advances to customers using an expected credit loss model, which estimates the credit losses over 12 months.",0,NAT_labeling -200,"The actuarial calculations are made by external actuaries based on inputs from observable market data, such as corporate bond returns and yield curves to determine the discount rates used, mortality tables to determine life expectancy and inflation numbers to determine future salary and pension growth assumptions.",0,NAT_labeling -201,"the firm’s risk management system enables management to identify, assess, prioritise and manage risks on a continuous and systematic basis, and covers all subsidiaries across regions, countries, markets and corporate functions.",0,NAT_labeling -202,"Additionally, we maintained a three-year committed, revolving, secured borrowing facility that gives us the right to sell up to $3.0 billion face amount of eligible notes issued from the Charge Trust at any time through July 15, 2024.",0,NAT_labeling -203,This might be difficult to demonstrate in practice and involves judgement.,0,NAT_labeling -204,"The Supervisory Board evaluates at least once a year the corporate strategy and main risks to the business, the result of the assessment by the Executive Board of the design and effectiveness of the internal risk management and control system, and any significant changes thereto.",1,NAT_labeling -205,It provides a robust and transparent framework for talent management involving stakeholders ranging from the people function and senior leaders to line manager and employees.,1,NAT_labeling -206,All of this might lead to financial or reputational damage.,0,NAT_labeling -207,"We do not know of any practice, condition or violation that would lead to termination of deposit insurance at AENB.",0,NAT_labeling -208,This regulatory review and oversight could further affect our ability to attract and retain our executive officers and other key personnel.,1,NAT_labeling -209,The Netherlands 1 Entity ceased to exist during 2021 following a legal merger.,0,NAT_labeling -210,"I believe there are lessons we can learn about how business, academia and government, by working together, can overcome major global challenges such as the climate crisis and the provision of sustainable healthcare.",0,NAT_labeling -211,"Additionally, we paid $four future programmes currently being developed by Innate Pharma, and paid 62.6 EUR million to acquire a 9.8% stake in Innate Pharma.",0,NAT_labeling -212,"In decision not to pay out the STI relating to the performance year 2020, no investment shares were issued for the members of the Executive Board.",0,NAT_labeling -213,Fees for other non-audit services include agreedupon procedures and advisory services.,0,NAT_labeling -214,"The Gaming Compliance Committee is entrusted with making sure that the Group’s licensed gaming activity is carried out with honesty and integrity, in accordance with high moral, legal and ethical standards, and free from criminal and corruptive elements.",1,NAT_labeling -215,"The Non-Executive Directors are available to talk to shareholders if they have any issues or concerns or if there are any matters where contact with the Chair, Chief Executive Officer and Chief Financial Officer is inappropriate or where such contact has failed to resolve the issue.",1,NAT_labeling -216,"The climate crisis also poses risks to public health, with rising global temperatures increasing the prevalence of respiratory and cardiovascular disease, changes in water-borne illnesses, allergen distribution and concentration, as well as mental health effects.",0,NAT_labeling -217,We hold ourselves accountable by continuously reviewing our strategies and targets in light of the latest science.,1,NAT_labeling -218,In Committee were independent within the meaning of best practice provision 2.1.8 of the Code.,1,NAT_labeling -219,The perspective and input of internal and external stakeholders as well as public opinion have been taken into consideration in establishing and implementing the remuneration policy.,1,NAT_labeling -220,"Note Due to the small size and structure of the Board and the limited number of employees, a separate remuneration committee is not considered to add any efficiency to the process of determining the levels of remuneration for the directors and key executives.",1,NAT_labeling -221,Risk management framework   The Executive Board sets rules and monitors the adequacy of the firm’s risk management and control systems.,1,NAT_labeling -222,"Oversee the appointment, remuneration, independence and performance of the external auditor and the integrity of the audit process as a whole, including the engagement of the external auditor to supply non-audit services to the firm.",1,NAT_labeling -223,"These increases in competition could reduce our ability to retain and grow sales, resulting in an adverse impact to our operating results and business.",0,NAT_labeling -224,The proposals aim to ensure a fairer distribution of profits among countries and to impose a floor on tax competition through the introduction of a global minimum tax.,0,NAT_labeling -225,"Task Force on Climate-related Financial Disclosures The Task Force on Climate-related Financial Disclosures (TCFD) recommendations form a voluntary framework for providing decision-useful information on climate-related risks and their financial impacts for investors, lenders, insurers and other stakeholders.",0,NAT_labeling -226,"Building trust by demonstrating integrity, transparency and fair treatment is central to everything we do.",1,NAT_labeling -227,"At the firm, risk management is an integral part of doing business, supported by clear governance.",1,NAT_labeling -228,"In particular, the risk of an economic recession, change of law, trade restrictions, inflation, fluctuations in exchange rates, devaluation, nationalisation, financial crisis or social unrest could adversely affect our revenues and profits.",0,NAT_labeling -229,"The evaluation of the external auditor, Deloitte Accountants B.V. and the succession of the lead partner involved in the audit of the Company.",1,NAT_labeling -230,Reporting basis and governance of non-financial indicators the firm N.V.,1,NAT_labeling -231,"Financing and capital structure  Interest expenses are mainly related to interest charges over the outstanding bonds, commercial paper and bank loans (refer to note 11.3).",0,NAT_labeling -232,"They need to include safety in all their decisions, support their employees to adhere to the LSCs and lead by example.",0,NAT_labeling -233,"We agreed with the supervisory board that misstatements in excess of €the audit, would be reported to them, as well as smaller misstatements that, in our view, must be reported on qualitative grounds.",1,NAT_labeling -234,the firm continuously monitors existing and emerging environmental issues and regulations across the globe to ensure awareness and compliance and to prepare the business for future changes.,0,NAT_labeling -235,"We have not been subject to any criminal or regulatory investigations on the grounds of corruption including bribery, facilitation payments, extortion, money laundering and collusion.",1,NAT_labeling -236,A member of the Supervisory Board shall not take part in any discussion or decision-making that involves a subject or transaction in relation to which he has a personal conflict of interest with the Company.,1,NAT_labeling -237,"The FACC is responsible for overseeing (integrity of the firm’s financial statements, (2) the firm’s compliance with legal, tax and regulatory requirements, (3) the external auditors’ qualifications and independence, (4) the performance and role of the firm’s internal audit function and the performance of the external auditors, (5) the firm’s capital structure, funding requirements and financial and risk policies, and (6) the firm’s implementation and maintenance of an integrity program and internal controls designed to mitigate integrity risk.",1,NAT_labeling -238,We implemented a robust pricing and cost management programme to continue to support brand investment and premiumisation.,0,NAT_labeling -239,Virtual power purchase agreements (such as power purchase agreements with a net settlement mechanism and no physical delivery of energy) are accounted for at fair value and are included as part of derivatives assets and liabilities.,0,NAT_labeling -240,We have co operative compliance relationships with tax authorities in various countries.,0,NAT_labeling -241,Until such time as the guideline threshold is achieved.,0,NAT_labeling -242,"Internal controls have been defined at operating entity level (the firm Rules - comprising all mandatory standards and procedures) and at process level (Process and Control Standards) for key processes, including financial reporting, IT and Tax.",0,NAT_labeling -243,"As stated in the Code, there should be a basic recognition that corporate governance must be tailored to the company-specific situation and, therefore, that non-application of individual provisions by a company may be justified.",1,NAT_labeling -244,Good governance platform Our Good Governance platform in the Africa Middle East & Eastern Europe region addresses human rights related topics specific to the region.,1,NAT_labeling -245,"Upon invitation by the committee’s chairman, the CEO or other members of the Executive Committee may participate in the committee meetings, provided that any potential conflict of interest is avoided and confidentiality of the discussions is maintained.",1,NAT_labeling -246,"operating environment and culture, in order to combat corruption.",1,NAT_labeling -247,"In 12,700 employees completed anti-bribery and corruption training (2020 7,700).",1,NAT_labeling -248,The Board of Directors is authorized to permit us to issue up to further shareholder approval.,1,NAT_labeling -249,The vesting of these rights is subject to the performance of the firm N.V. on specific internal performance conditions and continued service over a three-calendar year period by the employee.,0,NAT_labeling -250,"Execution At a site level, the execution of roadmaps to deliver against our climate strategy and to manage the physical risks posed by climate change are led by the accountable site lead, executing control measures (technical or organisational) as an integrated part of their existing risk management system.",0,NAT_labeling -251,the firm N.V. has issued a joint and several liability statements to the provisions of Section 2 of the Dutch Civil Code with respect to legal entities established in the Netherlands.,1,NAT_labeling -252,"• Accounting policies When the firm obtains control over an entity, the initial accounting for its assets and liabilities is at fair value.",1,NAT_labeling -253,"Failure of the Company, our subsidiaries, colleagues, contractors or agents to comply with the FCPA, the UK Bribery Act and other similar laws can expose us and/or individual colleagues to investigation, prosecution and potentially severe criminal and civil penalties.",0,NAT_labeling -254,"There is competition for scarce talent with market-leading skills and capabilities in new technologies, and our competitors have directly targeted our employees with these highly sought-after skills and will likely continue to do so.",0,NAT_labeling -255,Responsible supply chain BV Every employee and contractor who sources goods and services on behalf of the firm is expected to follow our Global Standard for the Procurement of Goods and Services.,1,NAT_labeling -256,One reason for this was an impairment loss recognised in relation to our stake in the firm Power.,0,NAT_labeling -257,"Our Purpose, Our Dream and Our Values underpin our EverGreen strategy, enabled by our organisational structure and strong governance.",1,NAT_labeling -258,"Failure of our systems as well as cybersecurity incidents could lead to business disruption, loss of confidential information, unauthorised access to our data, as well as a breach of data privacy regulations.",0,NAT_labeling -259,"Unless stated otherwise, all accounts are reported to the Board of Directors, being the chief decision makers with respect to operating segments, which are determined in accordance with accounting policies that are consistent to those adapted in the annual financial statements of the consolidated entity.",1,NAT_labeling -260,"preference shares It should be noted that the foregoing does not imply that these systems and these procedures provide absolute assurance as to the realisation of operational and strategic business objectives, or that they can prevent all misstatements, inaccuracies, errors, fraud and non-compliance with legislation, rules and regulations.",1,NAT_labeling -261,– Compliance with the the firm Code of Conduct.,1,NAT_labeling -262,an Anti-Bribery Policy which applies to all the firm employers and is overseen by the Board.,1,NAT_labeling -263,The programme includes a general information package in respect of the Company and its corporate governance and meetings with members of the Executive Team and other senior management leaders.,1,NAT_labeling -264,Significant events in the period and accounting estimates and judgements 4. Changes in accounting policies 76 5.,0,NAT_labeling -265,"Our oversight procedures included remote working paper reviews for The Netherlands, United Kingdom, France, Spain, Italy, Austria, Poland, Brazil, Mexico, USA, Russia, Nigeria, Vietnam, South Africa, Democratic Republic of Congo, Indonesia, Ethiopia, Cambodia, China, and India, virtual meetings with the component auditor and component management.",1,NAT_labeling -266,All related gains were accounted through Other comprehensive income.,0,NAT_labeling -267,Right of use (ROU) assets Definition of a lease  A contract contains a lease if it provides the right to control the use of an identified asset for a period of time in exchange for an amount payable to the lessor.,0,NAT_labeling -268,"Looking ahead, we are boosting our strategic capabilities, talent attraction and development to ensure we have the best people, the right culture and strong organisational health.",0,NAT_labeling -269,Management is responsible for definition and timely implementation of action plans to remediate any deficiency identified as part of these assessments.,0,NAT_labeling -270,be an issue over which we have a reasonable degree of control where it comes to our impacts.,0,NAT_labeling -271,"The Committee continued to monitor and review the effectiveness of our anti-bribery and anti-corruption controls across the Group, prioritising its focus on countries/ regions where we have significant operations and countries in which doing business is generally considered to pose higher compliance risks.",1,NAT_labeling -272,Principal Accountant Fees and Services PART IV Item 15.,0,NAT_labeling -273,The decisions made on the selection and application of accounting policies.,0,NAT_labeling -274,The plan liabilities are calculated using a discount rate set with reference to AA corporate bond yields.,0,NAT_labeling -275,"In Carbon Governance Group with executivelevel ownership, accountable for the delivery of our Ambition Zero Carbon programme.",1,NAT_labeling -276,"Costs such as Card Member rewards and Card Member services expenses could continue to increase as we evolve our value propositions, including in response to increased competition.",0,NAT_labeling -277,Scope of the group audit the firm N.V. is at the head of a group of entities.,0,NAT_labeling -278,the firm is utilising enhanced techniques and technology to continue to drive the improvement and standardisation of its accounting and reporting processes and controls and to harmonise its system landscape.,1,NAT_labeling -279,"Changes to our product portfolio, growing insights of hazards associated with potential food contaminants, growing consumers’ concern on food safety and a more complex legal environment, make it necessary to constantly take action to adapt and respond to these changes, to assure food safety for our consumers.",1,NAT_labeling -280,"These recommendations form a voluntary framework for providing decision-useful information on climate-related risks and their financial impacts for investors, insurers and other stakeholders.",1,NAT_labeling -281,"In July, the firm obtained control of United Breweries Limited (UBL).",0,NAT_labeling -282,External publicity concerning investigations can increase the scope and scale of investigations and lead to further regulatory inquiries.,0,NAT_labeling -283,"In adjusting items was $8.7 billion, mainly relating to adverse fair value accounting effects primarily arising from the exceptional increase in forward gas prices, partially offset by net impairment reversals of $1.3 billion and $1.0 billion relating to a gain from the divestment of a 20% stake in Oman Block 61.",0,NAT_labeling -284,"Our Global Standard on Bioethics sets out our principles, which apply to all our scientific activities, whether conducted by us or by third parties acting on our behalf.",1,NAT_labeling -285,The Committee was satisfied that the Group had appropriately accounted for the identified impairments.,1,NAT_labeling -286,"When translating the adjusted equity of foreign companies accounted for using the equity method, we follow the same procedure.",0,NAT_labeling -287,"For disclosures in line with IFRS reporting requirements, which are ‘accrual-based’ over earning/performance periods and partly depend on estimations/assumptions, see note 13.3 ‘Related parties’ on page 115.",1,NAT_labeling -288,"As a card issuer, we compete with financial institutions that issue general-purpose credit and debit cards.",0,NAT_labeling -289,and corruption Our anti-bribery and corruption e-learning equips employees to recognise and deal with potential bribery challenges they may encounter during the course of their work.,1,NAT_labeling -290,"• Oversee the development of a diverse pipeline for succession to the board and monitor that all board appointments are subject to a formal, rigorous, and transparent procedure and that such appointments are based on merit and objective criteria taking into account (among other things) factors such as diversity of gender, age, educational and professional background, social, ethnic and geographical background and cognitive and personal strengths.",1,NAT_labeling -291,"In order to comply with competition law requirements, the firm must sell the grid connection for the Triton Knoll offshore wind farm.",1,NAT_labeling -292,The Company considers that these rights are required in order to mitigate the risk that an interest in Ordinary Shares held by a particular person could lead to action being taken by a relevant Regulatory Authority (as defined in the Articles) which in turn could lead to the withdrawal of existing licences held by the Group or the exclusion of being awarded further licences in other jurisdictions that the Group seeks to pursue.,0,NAT_labeling -293,"• Accounting policies   Segment reporting  Operating segments are reported consistently with the internal reporting provided to the Executive Board, which is considered to be the firm’s chief operating decision-maker.",1,NAT_labeling -294,the firm combines this activity with its own internal innovation to develop and bring to market new beer and other beverage offers for consumers.,0,NAT_labeling -295,At least one member of the Supervisory Board shall be a financial expert with relevant knowledge and experience of financial administration and accounting for listed companies or other large legal entities.,1,NAT_labeling -296,"The transaction was accounted for as an intangible asset acquisition, recognised initially at the present value of non-contingent consideration, with any potential future milestone payments capitalised into the intangible asset as they are recognised.",0,NAT_labeling -297,"The Company complies with, among other regulations, the Dutch Corporate Governance Code of 8 December 2016 (the ‘Code’).",1,NAT_labeling -298,"• Accounting policies  Owned assets   A fixed asset is recognised when it is probable that future economic benefits associated with the P,P&E item will flow to the firm and when the cost of the P,P&E can be reliably measured.",0,NAT_labeling -299,"As part of the recommendations, the Remuneration Committee took note of the Executive Board member’s views with regard to the amount and structure of their own remuneration.",1,NAT_labeling -300,"Due to current realities, almost all oversight procedures have been performed remotely whereby we varied the nature, timing and extent of these procedures based on both quantitative and qualitative considerations.",0,NAT_labeling -301,We also launched a new e-learning for third parties that may be exposed to corruption risks.,1,NAT_labeling -302,"For ADR holders electing to receive ADSs instead of cash, after the Revenue & Customs no longer seeks to impose 1.5% stamp duty reserve tax on issues of UK shares and securities to non-EU clearance services and depositary receipt systems.",0,NAT_labeling -303,See the section 'Foundation – Responsible business conduct' for details of our anti-bribery framework.,0,NAT_labeling -304,"Foundation: Our ways of working  We know that we can only be successful if we lead with integrity and fairness, with respect for the law and in line with our values.",1,NAT_labeling -305,"The amount of benefit recognized for financial reporting purposes is based on management’s best judgment of the largest amount of benefit that is more likely than not to be realized on ultimate settlement with the taxing authority given the facts, circumstances and information available at the reporting date.",0,NAT_labeling -306,This could lead to lower overall consumption or to consumers switching to different product categories.,0,NAT_labeling -307,The Trusts then issue debt securities collateralized by the transferred assets to third-party investors.,0,NAT_labeling -308,• Accounting policies  Fees for audit services are included in the other expenses in the consolidated financial statements (refer to note 6.3 of the consolidated financial statements for more information).,0,NAT_labeling -309,"– In line with the Dutch Corporate Governance code, no variable pay and / or equity awards are offered.",1,NAT_labeling -310,"Within the report, there is a summary metrics dashboard, which is divided into categories reflecting key aspects of the firm’s culture (Performance and Development, Integrity, Engagement, Reputation, and Sustainability).",0,NAT_labeling -311,"internal and external auditing, including the qualifications and independence of the independent registered public accounting firm and the performance of our internal audit services function, and the integrity of our systems of internal controls.",1,NAT_labeling -312,The outcome of the dialogue is being used globally to continue building our path towards creating a caring and inclusive culture.,0,NAT_labeling -313,In practice it means that companies should assess if they have activities that are included in the scope of activities as per the first two parts of the regulation.,0,NAT_labeling -314,The remuneration policy and the elements of the remuneration of Executive Board members are set out in the Remuneration Report and Notes the Financial Statements.,1,NAT_labeling -315,"The payments industry is highly competitive, and we compete with card networks, issuers and acquirers, paper-based transactions (e.g., cash and checks), bank transfer models (e.g., wire transfers and ACH), as well as evolving and growing alternative payment and financing providers.",0,NAT_labeling -316,"Where possible, standard or automated calculations and validity checks are built into systems to minimise errors.",0,NAT_labeling -317,"The Directors believe that EPS excluding exceptional items, share benefit charges, net gain from sale of investment in equity accounted associate and share of post- tax loss of equity accounted associate (“Adjusted EPS”) allows for a further understanding of the underlying performance of the business and assists in providing a clearer view of the performance of the Group.",0,NAT_labeling -318,We will work closely with our customers and licence partners to bring them on board while ensuring local compliance and implementation of the policy.,1,NAT_labeling -319,Our water strategy focuses on working towards healthy watersheds by combining internal and external efforts to support water security.,0,NAT_labeling -320,Deviations from the common accounting and reporting processes and related controls could impair the accuracy of financial and non-financial data used for Group reporting and external communications.,0,NAT_labeling -321,We are committed to ensuring gender balance across our senior management with the goal of by 2025 and 40% by 2030.,0,NAT_labeling -322,"If we fail to satisfy regulatory requirements or maintain our financial holding company status, our financial condition and results of operations could be adversely affected, and we may be restricted in our ability to take certain capital actions (such as declaring dividends or repurchasing outstanding shares) or engage in certain business activities or acquisitions, which could compromise our competitive position.",0,NAT_labeling -323,"The remuneration policy reflects our long-standing remuneration principles of supporting the business strategy, paying for performance, and paying competitively and fairly.",0,NAT_labeling -324,"The Executive Board provides regular updates to the Supervisory Board on the Company’s operations, legal matters, corporate governance, accounting and compliance.",1,NAT_labeling -325,"We use a global cybersecurity framework and a global cybersecurity community to address confidentiality, integrity and availability risks.",0,NAT_labeling -326,"AA major information or cyber security incident or an increase in fraudulent activity could lead to reputational damage to our brand and material legal, regulatory and financial exposure, and could reduce the use and acceptance of our cards.",0,NAT_labeling -327,The above procedures accounted for Group’s revenue and 74% of the Group’s absolute profit before tax.,0,NAT_labeling -328,"We regularly review our compensation practices to ensure colleagues in the same job, level and location are compensated fairly regardless of gender globally, and race and ethnicity in the United States.",1,NAT_labeling -329,"We maintain disaster recovery, crisis and business continuity management plans and work to build day-to-day response capabilities to support local management of incidents.",0,NAT_labeling -330,"the firm has established a comprehensive Companywide Quality Assurance programme covering employee competencies, production standards, recipe governance, suppliers’ governance and production material risks.",1,NAT_labeling -331,"Total hydrocarbon proved reserves at including equity-accounted entities, decreased by 6% compared with 31 December 2020.",0,NAT_labeling -332,That in turn should lead to business success and generate compelling returns for our shareholders.,0,NAT_labeling -333,"While the current economic recovery is leading to an improvement in their situation, the firm’s business partners, competitors and customers may continue to be impacted by the consequences of the crisis, as well as by the very strong price developments seen on the energy markets since the fourth quarter of 2021.",0,NAT_labeling -334,"Additionally, changes in security prices due to a stock market crisis resulting from the Ukraine conflict may have a significant impact on the firm’s financial assets and those of our pension funds.",0,NAT_labeling -335,Our Supplier Risk Management logic would flag these suppliers for further screening and due diligence process.,0,NAT_labeling -336,Netherlands: The Group had been operating in the Netherlands in compliance with the Netherlands Gaming Authority (KSA) ‘cooling off’ criteria.,0,NAT_labeling -337,"Average number of shares the firm has 576,002,613 shares in issue.",0,NAT_labeling -338,"The Board is accountable to our shareholders for the proper conduct of the business and our long-term success, and seeks to represent the interests of all stakeholders.",1,NAT_labeling -339,"By contrast, income from our stake in the firm Supply & Trading decreased.",0,NAT_labeling -340,In accordance with the Company’s Articles of Association and best practice provision be nominated for reappointment as he has reached the maximum tenure of 12 years.,1,NAT_labeling -341,The opportunity to stipulate the response time should also apply to an intention as referred to above for judicial leave to call an AGM pursuant to Section of the Dutch Civil Code.,0,NAT_labeling -342,"In Poker tournaments certain promotional costs are accounted for, and entry fee revenue is recognised when the tournament has concluded.",0,NAT_labeling -343,"We recognise that the climate crisis is a public health emergency for which there is no vaccine, and no one is immune.",0,NAT_labeling -344,"the firm’s internal audit function, Global Audit, is involved in the annual review of the non-financial reporting process, including the quality of control processes at various levels and data ownership.",0,NAT_labeling -345,Base Board Fees – Supervisory Board members receive a fixed cash compensation for their services.,0,NAT_labeling -346,"Controls and Procedures Item 16A. Audit Committee Financial Expert 86, 107 Item 16B. Code of Ethics 362 Item 16C. Principal Accountant Fees and Services 110-111, 251, 362-363 Item 16D. Exemptions from the Listing Standards for Audit Committees n/a Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers 374 Item 16F. Change in Registrant’s Certifying Accountant n/a Item 16G. Corporate Governance 361-362 Item 17.",1,NAT_labeling -347,"In summary, the Code requires that at all times, all group personnel act with the utmost integrity, objectivity and in compliance with both the letter and the spirit of the law and the Company's best interest.",1,NAT_labeling -348,We have and may continue to experience increased costs related to compensation and other benefits necessary to attract and retain qualified personnel.,0,NAT_labeling -349,"Position Held as at In accordance with best practice corporate governance, the structure of Non-Executive and Executive director remuneration is separate and distinct.",1,NAT_labeling -350,The Remuneration Committee is responsible to review the compensation levels on a regular basis and to bring forward proposals (if any) to the Supervisory Board.,1,NAT_labeling -351,"The Risk Committee of our Board of Directors provides oversight of our ERM framework, processes and methodologies.",1,NAT_labeling -352,"The dividend policy of the firm N.V. intends to preserve the independence of the Company, to maintain a healthy financial structure and to retain sufficient earnings in order to grow the business both organically and through acquisitions.",0,NAT_labeling -353,"if it has an internal audit function, how the function is structure and what role it performs; or if it does not have any internal audit function, that fact and the processes it employs for evaluating and continually improving the effectiveness of its governance, risk management and internal control processes.",1,NAT_labeling -354,Vice-Chairman of the Board The Vice-Chairman is elected by the Board and handles the responsibilities of the Chairman to the extent the Chairman is unable to do so or would have a conflict of interest in doing so.,1,NAT_labeling -355,"For claims, litigation and tax provisions, the firm bases its assessment on internal and external legal assistance and established precedents.",0,NAT_labeling -356,"The report aimed, among other things, to review alignment of the Company’s remuneration practices with its remuneration principles, to provide an overview of the Company’s competitive remuneration positioning versus the market, to assess the relation between actual remuneration and performance, and to update the Committee on executive compensation trends, regulatory developments and views of investors, external stakeholders including public opinion.",1,NAT_labeling -357,"Looking forward to the year ahead During consideration both, the internal and the external perspective, and engaging with shareholders and other stakeholders.",1,NAT_labeling -358,Notifications and Uber vouchers remind consumers that there is always a choice and encourage safe decision-making behind the wheel.,0,NAT_labeling -359,External publicity concerning investigations can increase the scope and scale of those investigations and lead to further regulatory inquiries.,0,NAT_labeling -360,"Control room Growing the business with analytics Coupled with the fast-changing needs and expectations of customers and consumers, our analytics solutions have opened doors to new realms of possibilities for our business, customers and consumers.",0,NAT_labeling -361,"Credit risk management is supported by sophisticated proprietary scoring and decision-making models that use up-to-date information on prospects and customers, such as spending and payment history and data feeds from credit bureaus.",0,NAT_labeling -362,"the firm’s business increasingly relies on technology, both in the office environment and in the industrial control domain of its breweries.",0,NAT_labeling -363,We are upskilling our regional talent pipeline through the Uncage Management Team Fast Track (MTFT) Programme.,0,NAT_labeling -364,"Regulations of the Supervisory Board The tasks, responsibilities and internal procedural matters for the Supervisory Board are addressed in the Regulations of the Supervisory Board and are available on our corporate website.",1,NAT_labeling -365,"In light of this, the firm has reviewed the significant accounting estimates and judgements as described in note 8.1 and 8.2) and provisions and contingencies (notes 9.2 and 9.3).",0,NAT_labeling -366,"Significant judgements, estimates and assumptions used in preparing the reports in respect of, among others, accounting for acquisitions and divestments, the annual impairment test and determining the level of provisions.",0,NAT_labeling -367,"In addition, if there is an increase in events such as landlord bankruptcies, or mall foreclosures, competition between retailers could increase for remaining suitable store locations.",0,NAT_labeling -368,"In addition, the agenda for the Supervisory Board included long-term value creation as well as the manner in which the Executive Board implements the Company’s strategy, the Company’s culture to ensure proper monitoring by the Supervisory Board, the Company’s financial position, the results of the Regions and Operating Companies, acquisitions, large investment proposals, the yearly budget, management changes and the internal risk management and control system.",0,NAT_labeling -369,The remuneration policy and underlying principles support our long-term sustainable business growth in the widely diverse markets in which we operate.,0,NAT_labeling -370,"For cash dividend of €1.24 per share, representing an increase of 77.1% (2020: €0.70), and a payout ratio of 35.0%, in the middle of the range of our policy, will be proposed to the Annual General Meeting on 21 April 2022 (""2022 AGM"").",0,NAT_labeling -371,"These measures, which were largely rolled out from Qaffordability checking, particularly among customers aged 18-25, lowering certain product stake limits, and enhancing the Observer AI system with lower thresholds for intervention.",0,NAT_labeling -372,"The UK Bribery Act also prohibits commercial bribery and the receipt of a bribe, and makes it a corporate offense to fail to prevent bribery by an associated person, in addition to prohibiting improper payments to foreign government officials.",0,NAT_labeling -373,"The Company and its subsidiaries are also subject to the rulemaking, enforcement and examination authority of the Consumer Financial Protection Bureau (CFPB).",1,NAT_labeling -374,"This means, among other things, that it is responsible for setting and achieving the operational and financial objectives of the Company, the strategy to achieve these objectives, the parameters to be applied in relation to the strategy (for example, in respect of the financial ratios), the Company culture aimed at long-term value creation, the associated risk profile, the development of results and corporate social responsibility issues that are relevant to the Company.",1,NAT_labeling -375,We have developed data-driven economic decision logic for customer interactions to better serve our customers.,0,NAT_labeling -376,Beginning in our actual shareholder return relative to a competitive peer group is one of the performance conditions that determines the number of shares ultimately granted upon vesting.,0,NAT_labeling -377,"We continue to raise the bar, including in the areas of leading benefits programs, increasing opportunities for internal mobility and development, enhancing our diversity and inclusion efforts, and providing competitive compensation.",0,NAT_labeling -378,"The Executive Board attended all meetings, and so did the external auditor, the Executive Director Global Audit, as well as the Senior Director Global Accounting and Risk Management.",1,NAT_labeling -379,These calculations are tested for reasonableness by comparing the outcome of the internal valuation with the valuation received from the counterparty.,0,NAT_labeling -380,"There is a formal, rigorous and transparent procedure for appointments to the Board.",1,NAT_labeling -381,"Failure to maintain and implement adequate programs and policies and procedures for AML, sanctions and anti-corruption compliance could have material financial, legal and reputational consequences.",0,NAT_labeling -382,"Terms of Office The Board reviews its performance and composition on an annual basis and aims to have members with high levels of intellectual ability, experience, soundness of judgement and integrity to maximise its effectiveness and contribution.",1,NAT_labeling -383,The ESEF reporting package is available at: http://www.thethe firmcompany.com/ investors/results-reports-webcasts-andpresentations the firm N.V.,0,NAT_labeling -384,Competition The Process Automation Business Area’s principal competitors vary by industry or product group.,0,NAT_labeling -385,"– In order to provide a fee level that is competitive with other companies comparable to the firm, reviews are conducted on a regular basis.",0,NAT_labeling -386,A declaration of joint and several liability pursuant to the provisions of Section Dutch Civil Code has been issued with respect to legal entities established in the Netherlands.,0,NAT_labeling -387,"Operational management is supported by the second line of defence functions that oversee compliance with the firm’s policies, processes and controls, facilitate the implementation of risk management practices and drive continuous improvements of internal controls.",1,NAT_labeling -388,Management decisions are made in line with the firm’s risk appetite.,0,NAT_labeling -389,"We issue cards under cobrand arrangements with Delta and the Delta cobrand portfolio represented approximately approximately 21 percent of worldwide Card Member loans as of December 31, 2021.",0,NAT_labeling -390,"Ownership structure Heading the the firm Group and pursuant to its Articles of Association, the objective of the firm Holding N.V., is to manage or supervise the management of the the firm Group and to provide services for the firm N.V.",0,NAT_labeling -391,"The agenda also included legal matters, e. g. Germany's new Supply Chain Due Diligence Act, which requires companies to ensure that human rights are observed in their supply chains.",0,NAT_labeling -392,"Global Compliance focuses on delivering a globally aligned approach that addresses key risk areas across the business, including those relating to third parties and anti-bribery/anti-corruption.",1,NAT_labeling -393,Regulation The Committee considers that the Company has complied with the Competition and Markets Authority’s Statutory Audit Services for Large Companies Market Investigation (Mandatory Use of Competitive Tender Processes and Audit Committee Responsibilities) Order financial year commencing 1 January 2021.,1,NAT_labeling -394,"The overall structure of the remuneration policy for Executive Directors is broadly consistent with that for other senior employees, but reflects the additional risks and responsibilities borne by the Executive Directors as well as market practice in competitor businesses and the locations within which it operates.",1,NAT_labeling -395,We work to foster an inclusive and diverse culture and help our colleagues grow in their careers and thrive both professionally and personally.,0,NAT_labeling -396,"We manage information technology risk through our policies, procedures, governance structure, and control framework to preserve the confidentiality, integrity, and availability of systems and processes across our Company.",0,NAT_labeling -397,"In this trial, we are measuring genetic alterations in circulating tumour DNA (ctDNA) isolated from blood samples to inform which patients may benefit from switching from standard of care therapy to next-generation SERD therapy.",0,NAT_labeling -398,"Nirsevimab builds on the efficacy offered by the current standard of care, Synagis (palivizumab), which is indicated for high-risk infants and requires up to five monthly injections to cover a typical RSV season.",0,NAT_labeling -399,imposition or increase of gaming duty in markets in which the Group has customers.,0,NAT_labeling -400,"We created a common framework to support operating companies with preparing, communicating, conducting and wrapping up the sessions.",0,NAT_labeling -401,"Service disruptions or degradations could prevent access to our online services and account information, compromise or limit access to company or customer data, impede or prevent transaction processing and financial reporting, and lead to regulatory investigations and fines, increased regulatory oversight and litigation (including class action litigation).",0,NAT_labeling -402,"At the beginning of the year, the Committee reviews and approves the audit plans of the external auditor as well as Global Audit.",1,NAT_labeling -403,"Responsibilities of the Supervisory Board Audit Committee include oversight of external reporting, compliance with internal and external auditor recommendations on BaBW reporting, and risk management.",1,NAT_labeling -404,"If we are unable to obtain, defend and enforce IP that protects our products, we may experience accelerated and intensified competition from third-parties.",0,NAT_labeling -405,"Our information and cyber security program is designed to protect the confidentiality, integrity, and availability of information and information systems from unauthorized access, use, disclosure, disruption, modification, or destruction.",0,NAT_labeling -406,"In addition to the Board of Directors, the Senior Executive Team, or SET, is the body through which the CEO exercises the authority delegated to him by the Board.",1,NAT_labeling -407,"Responsible sales and marketing, see page > Anti-bribery and anti-corruption, see page 37.",1,NAT_labeling -408,"transition risks, emerging from national and global policy responses to the climate crisis (such as regulatory changes, taxes and levies, etc) and the transition to a sustainable climate model (such as changes in energy availability and mix, disruptions to the company’s own or partner business models, and reduced availability of unsustainable components or materials).",1,NAT_labeling -409,"the strict priority of creditor claims in limited circumstances, the use of an administrative claims procedure to determine creditor claims (as opposed to the judicial procedure used in bankruptcy proceedings), and the right of the FDIC to transfer claims to a “bridge” entity.",0,NAT_labeling -410,"Compliance with financial, non-financial and other reporting requirements.",0,NAT_labeling -411,We issue preferred shares to help address a portion of the Tier requirements in excess of common equity requirements.,0,NAT_labeling -412,Fees for tax services include tax compliance and tax advice.,0,NAT_labeling -413,Any impairment loss of a revalued asset is treated as a revaluation decrease in accordance with that other Standard.,0,NAT_labeling -414,"I am grateful for the resilience and agility of our people as we continued to navigate through the crisis, while building the future.",0,NAT_labeling -415,The principles would apply to OCC regulated institutions with more than $ provide a high-level framework for the safe and sound management of exposures to climate-related financial risks consistent with existing OCC rules and guidance.,0,NAT_labeling -416,Ethics and compliance Anti-bribery and corruption We operate in parts of the world where bribery and corruption present a high risk.,1,NAT_labeling -417,Markets need to be prepared to respond and adapt to these changes in a timely manner to prevent restrictions in all areas of the value chain and significant costs to ensure compliance.,0,NAT_labeling -418,We also conduct anti-bribery compliance audits on selected suppliers to assess their conformance with our anti-bribery and corruption contractual requirements.,1,NAT_labeling -419,"In a ruling issued on February confirmed the validity of the application of the fee caps and other provisions in circumstances where three-party networks issue cards with a cobrand partner or through an agent, although the ruling provided only limited guidance as to when or how the provisions might apply in such circumstances and remains subject to differing interpretations by regulators and participants in cobrand arrangements.",0,NAT_labeling -420,In a member of the Executive Board had a conflict of interest that was of material significance.,1,NAT_labeling -421,"As outlined in the Chair’s Statement of this Annual Report, in March 2022 (post the year-end), the firm received a sanction from the GB regulator (UKGC), reflecting historic failings of former safer gambling and antimoney laundering policies, procedures and controls in the UK.",0,NAT_labeling -422,"The Company may offer compensation to buy out awards or other lost compensation which the candidate held prior to joining the firm, but which lapsed upon leaving their previous employer.",0,NAT_labeling -423,"Action necessary to change the rights of shareholders In order to vary the rights attached to any class of shares, the consent in writing of the holders of three quarters in nominal value of the issued shares of that class or the sanction of a special resolution passed at a general meeting of such holders is required.",0,NAT_labeling -424,"The three key growth drivers for our businesses are: resource efficiency through electrification and automation, where we are global leaders, occupying number are accountable for growth and decision-making has been moved closer to the market; and the acceleration of environmental, social and governance (ESG) drivers for energy efficiency and automation.",1,NAT_labeling -425,"We follow the UN Guiding Principles on Business and Human Rights and our Human Rights policy, Supplier Code and due diligence process guide us to understand, avoid and address our human rights related risks.",1,NAT_labeling -426,Risk assessment outcomes are aggregated at a global level and serve as basis for determining the firm’s risk exposure and risk management priorities by the Risk Committee.,0,NAT_labeling -427,"of the German Stock Corporation Act, in which the company has a direct or indirect stake of at least option obligations, or shares are tendered and no other forms of fulfilment are used.",0,NAT_labeling -428,"As the pandemic continued, we made the decision to increase investments to drive customer acquisition, engagement and retention.",0,NAT_labeling -429,The programme allows the firm N.V. to issue Notes for a total amount of up to €20 billion.,0,NAT_labeling -430,"Our activities require high levels of investment and are sometimes conducted in challenging environments such as those prone to natural disasters and extreme weather, which heightens the risks of technical integrity failure.",0,NAT_labeling -431,the firm is constantly looking to enhance its internal compliance system and resilience to adapt to changes in the legal environment.,1,NAT_labeling -432,The statement contained in this section explains the key features of the Company’s governance structure and compliance with the Code.,1,NAT_labeling -433,Conflict of Interest The Articles of Association and the Regulations of the Supervisory Board prescribe how to deal with (apparent) conflicts of interest between the Company and members of the Supervisory Board.,1,NAT_labeling -434,"This reinforces the importance of the integrity of the Group’s Financial Statements, the reliability of the accounting records on which they are based and the robustness of the relevant controls and processes.",1,NAT_labeling -435,"We may not succeed in doing so, particularly in the current competitive and regulatory environment.",0,NAT_labeling -436,"Since million shares have been repurchased to offset the expected full year dilution from the vesting of awards under employee share schemes in 2022 and an additional $1.0 billion shares have been repurchased up to 1 March 2022, both including fees and stamp duty.",0,NAT_labeling -437,We are incredibly proud of our culture and people are at the heart of our business.,0,NAT_labeling -438,"2021 has continued to be volatile, with a high degree of uncertainty driven by the COVID-19 crisis.",0,NAT_labeling -439,the firm also held the voting rights at general meetings of shareholders conferred by its 19.75% stake in Rosneft.,0,NAT_labeling -440,"A fair wage is often higher than the minimum wage and should be sufficient for a decent standard of living, covering the basic needs of the employee and him/her family - from food, housing and education to healthcare, transportation and some discretionary income and savings.",0,NAT_labeling -441,Continuous improvement is achieved through global compliance monitoring and systematic gap-closing.,0,NAT_labeling -442,"Fund the growth We are structurally addressing our cost base and building a cost-conscious culture to support our growth ambitions, offset inflationary pressures, restore our profitability and thereafter gear our business to deliver operating leverage consistently.",0,NAT_labeling -443,Directors have a duty not to put themselves in a position in which their duties to the company and their personal interests might conflict and also are under a duty to disclose any personal interest in any contract or arrangement with the company or any of its subsidiaries.,0,NAT_labeling -444,"We have established and continue to maintain policies and a governance framework to comply with applicable privacy, data protection, data governance and information and cyber security laws and requirements, meet evolving customer and industry expectations and support and enable business innovation and growth.",1,NAT_labeling -445,and materiality We defined our Brew a Better World priorities through open conversations and engagement with our stakeholders – both internal and external.,1,NAT_labeling -446,"It sets out the standards and requirements which govern key risk management activities such as inspection, maintenance, testing, business continuity and crisis response planning and competency development.",1,NAT_labeling -447,"Career summary Tushar Morzaria is a chartered accountant with over years of strategic financial management, investment banking, operational and regulatory relations experience.",0,NAT_labeling -448,"These reviews consider several factors known to affect compensation, including role, level, tenure, performance and geography.",0,NAT_labeling -449,"The elements of a diverse composition of the Supervisory Board are laid down in the Diversity Policy of the Supervisory Board, Executive Board and Executive Team as per best practice provision 8 December 2016 (the ‘Code’).",1,NAT_labeling -450,"Our business is subject to the risk of litigation involving current and former employees, clients, alliance partners, subcontractors, suppliers, competitors, shareholders, government agencies or others through private actions, class actions, whistleblower claims, administrative proceedings, regulatory actions or other litigation.",0,NAT_labeling -451,"In order to comply with competition law requirements, the firm was obligated to sell the grid connection for the Rampion offshore wind farm, which had been fully consolidated since 1 April 2021.",0,NAT_labeling -452,"COMPLIANCE RISK MANAGEMENT PROCESS We define compliance risk as the risk of legal or reputational harm, fines, monetary penalties and payment of damages or other forms of sanction as a result of non-compliance with applicable laws and/or regulations, internal policies and procedures and related practices, or ethical standards.",1,NAT_labeling -453,"and Gaming Council (BGC), looking at the issue of affordability and helping to find a workable regulatory response.",0,NAT_labeling -454,"Units (countries, sites, suppliers, brands, etc.) which, for specific reasons, received formal derogations for compliance with commitments are excluded from the indicator scope in consolidation.",0,NAT_labeling -455,"In these countries, increases in excise duties are not always (fully) passed on to customers and the firm cannot, or can only partly, reclaim the excise duty in the case products are eventually not sold to customers.",0,NAT_labeling -456,This is also where we report our investments in Dutch nuclear power plant operator EPZ (which holds a 33 % stake in uranium enrichment specialist Urenco.,0,NAT_labeling -457,"Total number and nature of incidents of corruption confirmed during the current year, related to this year.",0,NAT_labeling -458,The framework includes risk-based third-party due diligence and internal and external awareness and training.,0,NAT_labeling -459,"The S&SC also received regular reports from the CEO and SVP S&OR on operational risk, including regular reports prepared on the group’s health, safety, security and environmental performance and operational integrity.",0,NAT_labeling -460,"We look at our water impacts contextually, including internal water usage and wastewater management, and external promotion of water security beyond our brewery walls.",0,NAT_labeling -461,• Receivables and payables are stated with the amount of customs duty or sales tax included.,0,NAT_labeling -462,"the firm has a minority stake in Hitachi Energy Ltd (Hitachi Energy), the holding company of the firm’s former power grids business.",0,NAT_labeling -463,"Our equity capital and funding strategies are designed, among other things, to maintain appropriate and stable unsecured debt ratings from the major credit rating agencies: Moody’s Investor Services (Moody’s), Standard & Poor’s (S&P) and Fitch Ratings (Fitch).",0,NAT_labeling -464,"Through unlocking the full potential of our people and organisation, we are on a journey to create a workplace and culture that attracts, develops and retains talent who embody our new purpose and values.",0,NAT_labeling -465,"No gain or loss is recognised in profit or loss on the purchase, sale, issue or cancellation of the Group’s own equity instruments.",0,NAT_labeling -466,"In December Medicines Agency’s Committee for Medicinal Products recommended the approval of Saphnelo in the EU as an add-on therapy for the treatment of adult patients with moderate to severe, active autoantibody-positive SLE, despite receiving standard therapy.",0,NAT_labeling -467,Discounts are accounted for as a reduction of revenue.,0,NAT_labeling -468,"The UK GDPR, which became effective in January fine structure of the GDPR.",0,NAT_labeling -469,"Global Compliance helps the Group achieve its strategic priorities by doing business the right way, with integrity and high ethical standards.",1,NAT_labeling -470,"The Ukraine crisis, in particular, is currently associated with risks.",0,NAT_labeling -471,"The global risk oversight team oversees the policies, strategies, frameworks, models, processes and capabilities deployed by the first line teams and provides challenges and independent assessments on how the first line of defense is managing risks.",0,NAT_labeling -472,We assess any exposure to bribery and corruption risk when working with suppliers and business partners.,1,NAT_labeling -473,The federal banking regulators’ guidance on sound incentive compensation practices sets forth three key principles for incentive compensation arrangements that are designed to help ensure that incentive compensation plans do not encourage imprudent risk-taking and are consistent with the safety and soundness of banking organizations.,0,NAT_labeling -474,"Failures or delays in the quality and execution of the Group’s commercial strategies. – Scenario pricing, higher than anticipated competition and other commercial headwinds result in lower than anticipated growth rates for our medicines. – Scenario 2 – A significant incident leads to reputational damage in a key market resulting in an ongoing 10% revenue reduction in this market.",0,NAT_labeling -475,"Our business activities could be disrupted if we do not respond, or are perceived not to respond, in an appropriate manner to any major crisis or if we are not able to restore or replace critical operational capacity.",0,NAT_labeling -476,"To fund this, we are structurally addressing our cost base and building a cost-conscious culture.",0,NAT_labeling -477,"Salaries and employee benefits expense increased, primarily driven by higher compensation.",0,NAT_labeling -478,"It employs a systematic and disciplined approach to evaluate and improve the organisation’s governance and risk management process including reliability of information, compliance with laws, regulations and procedures, and efficient and effective use of resources.",1,NAT_labeling -479,"In addition, as our practice is to include uncollectible interest and/or fees as part of our total provision for credit losses, a net write-off rate including principal, interest and/or fees is also presented.",0,NAT_labeling -480,"In identifying potential risks of material misstatement due to fraud and non-compliance with laws and regulations, we evaluated the Company's risk assessment, had inquiries with management, those charged with governance and others within the group, including but not limited to, in-house legal teams, compliance officers, internal audit and financial reporting teams.",1,NAT_labeling -481,"The Company competes primarily on the basis of differentiating its brands from competition through: product, higher quality and increased newness; brand voice, amplifying and consolidating brand messaging; and experience, investing in immersive, participatory omnichannel shopping environments.",0,NAT_labeling -482,"We define information and cyber security risk as the risk that a security incident could impact the confidentiality, integrity or availability of the firm customer, colleague or proprietary information.",0,NAT_labeling -483,"We are subject to significant supervision and regulation, and an increasingly stringent enforcement environment, with respect to compliance with anti-money laundering (AML), sanctions and anti-corruption laws and regulations in the United States and in other jurisdictions in which we operate.",1,NAT_labeling -484,"Relevance to strategy Human capital is important to online gaming businesses, and online businesses generally, and competition for highly-qualified personnel is intense in locations in which the Group is based.",1,NAT_labeling -485,"– (Functional) Updates in respect of Global Procurement, Global Treasury & Insurance and Global Tax, Pensions, Business Conduct and Global Legal Affairs, as well as Risk Management.",0,NAT_labeling -486,Established in Board is responsible for oversight of BaBW strategy development and delivery.,1,NAT_labeling -487,This potential Regulatory Authority action could therefore cause substantial damage to the Group’s business or prospects.,0,NAT_labeling -488,Trade and other receivables are derecognised by the firm when substantially all risks and rewards are transferred or if the firm does not retain control over the receivables.,0,NAT_labeling -489,"Despite the challenges, this year our EverGreen strategy gained momentum and we made a big step towards recovering our results to pre-pandemic levels with the strength of the firm®, the scaling of new innovations and the significant savings we unlocked by simplifying and right-sizing our cost base.",0,NAT_labeling -490,"including through enforcement actions, legislation and regulations to change certain practices or pricing of card issuers, merchant acquirers and payment networks, and, in some cases, to establish broad and ongoing regulatory oversight regimes for payment systems.",0,NAT_labeling -491,"Made for the Future is built around three key pillars: Made to Play Safely (focused on safer gambling), Made Together (focused on on managing the firm’s impact on the environment), all of which are underpinned by a robust Governance structure.",0,NAT_labeling -492,"Factors including a lack of, or insufficient development and application of, policies, regulations and frameworks that support low carbon businesses; insufficient consumer demand for our low carbon offering; strong competition in the market; or the insufficiently rapid development of supporting technologies and supply chains for low carbon energies could restrict growth of, or returns from, our transition businesses.",0,NAT_labeling -493,There is an organisational structure with clearly drawn lines of accountability and delegation of authority.,0,NAT_labeling -494,"First and most important is the quality and behaviour of operational management, the first line of defence.",0,NAT_labeling -495,the firm performs a country by country analysis to assess whether the excise duty is sales-related or effectively a production tax.,0,NAT_labeling -496,Committed bank facilities are credit facilities on which a commitment fee is paid as compensation for the bank’s requirement to reserve capital.,0,NAT_labeling -497,COMPETITION The Company operates in a rapidly evolving and highly competitive retail business environment.,0,NAT_labeling -498,ABAC training: Dilemma based e-learning aimed to recognise and resist bribery & corruption.,1,NAT_labeling -499,In January lawsuit in federal court in Delaware alleging that an Advisory Opinion issued by the Department of Health and Human Services violates the Administrative Procedure Act.,0,NAT_labeling -500,and importance of the climate crisis requires everyone to play their part.,0,NAT_labeling -501,One contributing factor was that we took a majority interest in the Rampion offshore wind farm in the UK as of consolidated this stake since then.,0,NAT_labeling -502,The agreement with Mr. Van den Brink and Mr. Van den Broek with regards to their terms comply with the Code.,0,NAT_labeling -503,"In accordance with our risk management policies, we structure our hedges with terms similar to those of the item being hedged.",1,NAT_labeling -504,Political involvement and anti-corruption activities and comply strictly with all relevant laws.,1,NAT_labeling -505,Personnel expenses   The total share-based compensation expense that is recognised in million share-based compensation income).,0,NAT_labeling -506,"Through an established governance structure, we consider certain external and internal factors, including emerging portfolio characteristics and trends, which consequentially may increase or decrease the reserves for Card Member credit losses.",1,NAT_labeling -507,The management and oversight of multiple service providers increases our operational complexity and governance challenges and decreases our control.,1,NAT_labeling -508,"Risk appetite the firm’s risk appetite is the result of its wide geographical spread, prudent financial management and commitment to long-term value creation.",0,NAT_labeling -509,"In addition, if we are unable to attract and retain talent at the associate level without adequate succession plans, our business could be adversely impacted as competition for such qualified talent is intense, and we cannot be sure we will be able to attract, retain and develop a sufficient number of qualified individuals in future periods.",0,NAT_labeling -510,"We continue to face strong competition with regard to deposits, and pricing and product changes may adversely affect our ability to attract and retain cost-effective deposit balances.",0,NAT_labeling -511,utilize a procedure for the review and pre approval of any services performed by KPMG.,0,NAT_labeling -512,"Change of control There are no important agreements to which the Company is a party and that will automatically come into force, be amended or be terminated under the condition of a change of control over the Company as a result of a public offer.",0,NAT_labeling -513,"In line with the Executive Board’s remuneration policy, deferred into the firm investment shares to be held for a period of five calendar years.",0,NAT_labeling -514,"Legal proceedings the firm is involved in various legal proceedings considered typical to its business, including actual or threatened litigation and actual or potential government investigations relating to employment matters, product liability, commercial disputes, pricing, sales and marketing practices, infringement of IP rights, and the validity of certain patents and competition laws.",0,NAT_labeling -515,"We are subject to numerous, and sometimes conflicting, legal regimes on matters as diverse as anticorruption, import/export controls, content requirements, trade restrictions, tariffs, taxation, sanctions, immigration, internal and disclosure control obligations, securities regulation, including ESG initiatives, anti-competition, anti-money-laundering, data privacy and protection, government compliance, wage-and-hour standards, employment and labor relations and human rights.",1,NAT_labeling -516,"We follow the through the experience and practice of doing their jobs, 20% through engagement, networking and dialogue, and 10% through formal learning and training.",0,NAT_labeling -517,"The two members of the Executive Board and the four Presidents, together with five functional Chief Officers (i.e. Commercial, Corporate Affairs and Transformation, People, Supply Chain and Digital & Technology), jointly form the Executive Team.",0,NAT_labeling -518,Any changes in the estimates for the costs are accounted for on a prospective basis.,0,NAT_labeling -519,"During its financial reporting process, the firm assessed the impact of COVID-judgements.",0,NAT_labeling -520,"We also face competition for partners and other differentiated offerings, such as lounge space in U.S. and global hub airports.",0,NAT_labeling -521,"the integrity of the financial reporting and related processes, context in which statements are made, compliance with relevant legal and regulatory requirements and financial reporting standards, including TCFD.",1,NAT_labeling -522,"All of our cobrand portfolios in the aggregate accounted for approximately 19 percent of our worldwide network volumes for the year ended December 31, 2021.",0,NAT_labeling -523,of interest All directors have a statutory duty to exercise independent judgement.,0,NAT_labeling -524,"• Accounting estimates   the firm determines on each reporting date the impairment of other receivables using an expected credit loss model, which estimates the credit losses over 12 months.",0,NAT_labeling -525,"During the year, the Committee reviews the reports of the external auditor and Global Audit.",1,NAT_labeling -526,"In addition, AENB's banking regulators have authority to limit or prohibit the payment of a dividend by AENB under a number of circumstances, including if, in the banking regulator’s opinion, payment of a dividend would constitute an unsafe or unsound banking practice in light of the financial condition of the banking organization.",0,NAT_labeling -527,"The members collectively have the experience and financial expertise to supervise the Executive Board in its activities in relation to the publication of Financial Statements and operation of the internal risk management and control systems, including the risk profile of the Company.",1,NAT_labeling -528,"Unmet medical need and world market Complement We have continued to grow Ultomiris’ leadership position in our three largest markets – the US, Germany and Japan – as we establish the medicine as the standard of care (SoC) for both PNH and aHUS, two chronic and potentially life-threatening diseases that can lead to serious health complications including organ damage.",0,NAT_labeling -529,"We are adopting nature-based solutions to protect, sustainably manage and restore natural and modified ecosystems that address societal challenges, such as the impact of the climate crisis, and support biodiversity.",0,NAT_labeling -530,Adherence to the Code of Conduct is required at all times and the Board actively promotes a culture of quality and integrity.,1,NAT_labeling -531,"Adjusted basic earnings per share (EPS) ¢ +2021 27.3 2020 27.3 Definition: Adjusted basic EPS represents earnings excluding exceptional items, share benefit charges and share of post-tax loss of equity accounted associate, divided by the weighted average number of shares.",0,NAT_labeling -532,"Competition Competitors of the Robotics & Discrete Automation Business Area vary by offering and include companies such as Fanuc, Kuka, Yaskawa, Epson, Dürr, Stäubli, Universal Robots, Rockwell Automation, Siemens, Mitsubishi Electric and Beckhoff.",0,NAT_labeling -533,"Our sustainability focus is part of the firm’s commitment to responsible business practices, which are at the center of our comprehensive governance framework, based on integrity and transparency.",1,NAT_labeling -534,"the firm controls an entity when it has power over the investee, is exposed or has the right to variable returns from its involvement with that entity and can affect those returns through its power over the entity.",0,NAT_labeling -535,"We therefore are investing in our data management capabilities and our data governance, and we have started to deploy a global Data & Analytics Platform across all our operating companies.",0,NAT_labeling -536,"Role of the Committee The Science Committee’s core role is to provide assurance to the Board regarding the quality, competitiveness and integrity of the Group’s R&D activities.",0,NAT_labeling -537,"impacts of economic, geopolitical and competitive conditions and certain litigation and regulatory matters on our business.",0,NAT_labeling -538,"Common stock dividend payments and share repurchases by the Company are subject to the oversight of the Federal Reserve, as described above.",0,NAT_labeling -539,"The importance of diversity is described in the Diversity Policy of the Supervisory Board, Executive Board and Executive Team, which considers the elements of a diverse composition in terms of nationality, gender, age and background including expertise and experience.",1,NAT_labeling -540,"Despite the volatility, we continued to lead in Europe with growth and innovation from a brand, operations and sustainability standpoint.",0,NAT_labeling -541,"If significant differences are observed, then this may trigger an update to the Basis of Design, prompting action to re-assess risks such as structural integrity and stationkeeping and if necessary, implement additional risk mitigations, for example updating procedures for shutting down and removing personnel from facilities ahead of severe weather events.",0,NAT_labeling -542,"In the previous year, this included the subsequent effects of the non-controlling interest in the continuing innogy operations (change in the firm AG shareholders' interest in Group equity of – €298 million) as well as effects from the sale of a 49 % stake in the offshore UK wind farm Humber Gateway (€163 million change in the share of equity attributable to the firm AG’s shareholders).",0,NAT_labeling -543,"Our objectives are to obtain reasonable assurance about whether the financial report as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion.",1,NAT_labeling -544,The Directors are responsible for the maintenance and integrity of the corporate and financial information included on our website.,0,NAT_labeling -545,"We perform the servicing and key decision making for the Trusts, and therefore have the power to direct the activities that most significantly impact the Trusts’ economic performance, which are the collection of the underlying Card Member loans and receivables.",0,NAT_labeling -546,"The Customer Safety and Due Diligence department are trained to consider a customer’s age across all of its customer risk profiling, ensuring enhanced protection and care for younger customers.",0,NAT_labeling -547,"WWe face intense competition for partner relationships, which could result in a loss or renegotiation of these arrangements that could have a material adverse impact on our business and results of operations.",0,NAT_labeling -548,• Accounting policies   Goodwill   Goodwill represents the difference between the fair value of the net assets acquired and the transaction price of the acquisition.,0,NAT_labeling -549,"This growth has been particularly strong in China, which accounted for over external hires in 2021.",0,NAT_labeling -550,"management structure In respect of transactions with related parties as disclosed in note 13.3, best practice provisions 2.7.3, 2.7.4 and 2.7.5 of the Code have been observed.",1,NAT_labeling -551,"In connection with our priorities around inclusion and diversity, we set goals, share them publicly, collect data to continuously improve and hold our leaders accountable.",0,NAT_labeling -552,"The safety strategy focuses on implementing programmes, processes and tools to address key risks including road safety, contractor safety as well as developing strong health and safety leadership and culture.",0,NAT_labeling -553,"out a comprehensive due diligence process of potential highrisk business associates, which includes certain government related transactions and certain intermediaries.",0,NAT_labeling -554,Wage level (%) Ratios of standard entry level wage by gender compared to local minimum wage.,0,NAT_labeling -555,Our operating results can be affected by a number of factors other than the delivery of operating plans and normal competition.,0,NAT_labeling -556,"Our anti-bribery framework aims to prevent, detect and respond to bribery and corruption threats.",1,NAT_labeling -557,"More structural shifts could happen and lead to inflation and a prolonged recession of the global economy, with increasing risk of bankruptcies and the potential failure of certain sectors to fully recover, despite the unprecedented response from governments.",0,NAT_labeling -558,"To enforce these rules, communicates a confidential grievance procedure and whistleblowing policy to all employees, guaranteeing that the complainant will not face recrimination and committing to thoroughly investigate any concerns.",1,NAT_labeling -559,"A primary beneficiary is the party that has both: ( impact that VIE’s economic performance, and (2) the obligation to absorb the losses of, or the right to receive the benefits from, the VIE that could potentially be significant to that VIE.",0,NAT_labeling -560,"• Accounting policies  Shareholders’ equity  The translation reserve and other legal reserves were previously formed under, and are still recognised in accordance with, the Dutch Civil Code.  A. Company disclosures  A.",0,NAT_labeling -561,"We are limited in our ability to pay dividends and repurchase capital stock by our regulators, who have broad authority to prohibit any action that would be considered an unsafe or unsound banking practice.",0,NAT_labeling -562,"Property, plant and equipment (P,P&E) are fixed assets that are owned by the firm, as well as right of use (ROU) assets under a lease agreement.",0,NAT_labeling -563,"As a result, the combination of Astra and Zeneca is still accounted for as a merger, rather than through purchase accounting.",0,NAT_labeling -564,"This year, we embedded I&D into our Purpose and Values, encouraging all employees to champion a culture of belonging.",0,NAT_labeling -565,"Remuneration The AGM approved the current remuneration policy for the Executive Board in approved amendments in 2014, 2017 and 2020.",1,NAT_labeling -566,Principal Accountant Fees And Services Part IV Item 15.,0,NAT_labeling -567,Building upon the momentum of the last we are accelerating progress on our five strategic pillars: delivering superior and balanced growth by increasing consumer and customer centricity; funding our growth through continuous productivity improvements and cultivating a cost-conscious culture; becoming the best-connected brewer by digitising our business end-to-end; stepping up in sustainability and responsibility via our Brew a Better World programme; and unlocking the full potential of our people by investing in talent and capabilities.,1,NAT_labeling -568,How the risk is managed comprehensive due diligence is carried out on potential acquisition targets.,0,NAT_labeling -569,"We consider a combination of factors when evaluating the composition of our reportable operating segments, including the results reviewed by the chief operating decision maker, economic characteristics, products and services offered, classes of customers, product distribution channels, geographic considerations (primarily United States versus outside the United States) and regulatory considerations.",0,NAT_labeling -570,"The Board is committed to ensuring that issues such as safer gambling, the climate change agenda, diversity and inclusion, and community engagement are consistently incorporated into the Group’s strategy and decision making.",1,NAT_labeling -571,"We developed The Green Diamond to guide us towards 'what winning looks like': we aim to strike the right balance between short-term delivery and long-term sustainability, between top-line growth and overall stakeholder value creation.",0,NAT_labeling -572,"The principles on which the code is based are transparency, integrity, objectivity, competence, due care and confidentiality.",1,NAT_labeling -573,Reporting entity  The Company financial statements of the firm N.V. (the ‘Company’) are included in the consolidated financial statements of the firm N.V.  Basis of preparation  The Company financial statements have been prepared in accordance with the provisions of Part the Dutch Civil Code.,1,NAT_labeling -574,"Supplier Code Compliance Procedure We are committed to conducting business with integrity and fairness, with respect for people, the law and our values.",1,NAT_labeling -575,Establishing and retaining attractive cobrand card partnerships is particularly competitive among card issuers and networks as these partnerships typically appeal to high-spending loyal customers.,0,NAT_labeling -576,"External reporting of financial and non-financial data, including reserves estimates, relies on the integrity of the control environment, our systems and people operating them.",0,NAT_labeling -577,"These business regions are each managed separately by a Regional President, who reports to the Executive Board, and is directly accountable for the functioning of the segment’s results, assets and liabilities.",0,NAT_labeling -578,The Audit Committee may not be chaired by the Chair of the Supervisory Board or by a former member of the Executive Board.,0,NAT_labeling -579,"Purchases of ordinary shares outside the CREST system are subject either to stamp duty at a rate of £stamp duty is charged), or stamp duty reserve tax at 0.5%.",0,NAT_labeling -580,"Inspired by HEI-Life, a number of local best practices have been shared through the HEI-Life community, fostering a culture where people openly discuss and address well-being while embracing enjoyment of life.",0,NAT_labeling -581,"It is focused on enhancing the resilience of both our Office Systems and Industrial Control Systems, while continuously increasing employee security awareness.",0,NAT_labeling -582,"Given the complex, rapidly changing and competitive technological and business environments in which we operate, and the potential risks and uncertainties of intellectual property-related litigation, a future assertion of an infringement or misappropriation claim against us could cause us to lose significant revenues, incur significant defense, license, royalty or technology development expenses, and/or pay significant monetary damages.",0,NAT_labeling -583,"In November UKGC opened a consultation on changes and updates to its Licensing, Compliance and Enforcement Policy, aimed at bringing certain gambling products which the UKGC consider to contain financial elements under the regulation of the Financial Conduct Authority.",1,NAT_labeling -584,"We have performed audit procedures ourselves at the firm N.V., corporate entities and certain operations in the Netherlands.",0,NAT_labeling -585,"Reporting entity  the firm N.V. (the ‘Company’) is a public company domiciled in the Netherlands, with its head office in Amsterdam.",0,NAT_labeling -586,Since its initial approval in global standard of care for RSV prevention and helps protect at-risk babies against RSV.,0,NAT_labeling -587,"Until Board and the Diversity Policy of the Supervisory Board, Executive Board and Executive Team stated that the Supervisory Board shall pursue that at least 30% of the seats shall be held by men and at least 30% by women.",1,NAT_labeling -588,"Career summary Leigh-Ann was previously the firm’s SVP for procurement, accountable for a supply chain of around $spend.",0,NAT_labeling -589,Subject to approval at the of the Executive Board's remuneration policy will be implemented.,1,NAT_labeling -590,Oversight of the risk management framework lies with the Risk Committee.,1,NAT_labeling -591,"• Accounting estimates  The grant date fair value is calculated by adjusting the share price at the grant date for estimated foregone dividends during the performance period, as the participants are not entitled to receive dividends during that period.",0,NAT_labeling -592,"He is a representative of FEMSA (that (in)directly holds a interest in the Company), and his appointment is based on the Corporate Governance Agreement, which was concluded between (among others) the Company and FEMSA on 30 April 2010, and which was approved by the AGM on 22 April 2010 (in connection with the acquisition by the Company of FEMSA’s beer activities).",0,NAT_labeling -593,"However, the contractual conditions of most of the Company’s important financing agreements and notes issued (potentially) entitle the banks and noteholders respectively to claim early repayment of the amounts borrowed by the Company in the situation of a change of control over the Company (as defined in the respective agreement).",0,NAT_labeling -594,"Chaired by the Chief Data Officer, our Enterprise Data Committee, a sub-committee of the ERMC, provides governance and oversight for our enterprise-wide data governance and management activities.",1,NAT_labeling -595,The list of the legal entities for which the declaration has been issued is disclosed in the the firm N.V. stand-alone financial statements.,0,NAT_labeling -596,We are also building leadership capacity to create a safe working culture that puts safety first.,0,NAT_labeling -597,The Federal Reserve also permitted stock repurchases equal to the amount of share issuances related to expensed employee compensation.,0,NAT_labeling -598,"Supervision efforts and the enforcement of existing laws and regulations impact the scope and profitability of our existing business activities, limit our ability to pursue certain business opportunities and adopt new technologies, compromise our competitive position, and affect our relationships with Card Members, partners, merchants, service providers and other third parties.",0,NAT_labeling -599,"A tax position is recognized only when it is more likely than not to be sustained upon examination by the relevant taxing authority, based on its technical merits.",0,NAT_labeling -600,"Examples are resolutions concerning the operational and financial objectives of the Company, the strategy designed to achieve the objectives, the parameters to be applied in relation to the strategy (for example, in respect of the financial ratios) and corporate social responsibility issues that are relevant to the Company.",1,NAT_labeling -601,"Should a risk materialise, global recall and crisis procedures are in place to mitigate the impact.",0,NAT_labeling -602,As long as it is done with utmost authenticity and integrity it should always be seen as OK.,0,NAT_labeling -603,Divisions have the best insights into current and future customer needs and are accountable to build their respective business accordingly.,0,NAT_labeling -604,Our plan for the next year is to expand the scope of our Supplier Risk Management programme to include additional risk drivers (e.g. 'cyber security' and 'human trafficking & modern slavery') to improve consistency and oversight.,1,NAT_labeling -605,"Our risk-based approach The current four step Supplier Code Compliance Procedure allows us to identify and evaluate potential risks with our suppliers and execute mitigating actions to address the following issues: anti-bribery and anti-corruption, sanctions, political exposure, negative media coverage related to issues such as labour and human rights, health and safety, fraud, fair competition and money laundering.",1,NAT_labeling -606,What the Ukraine crisis will mean for this contract remains to be seen.,0,NAT_labeling -607,"Each watershed is unique, being shaped by the ecosystem and biodiversity it supports, local governance and stakeholders, among other things.",1,NAT_labeling -608,"In addition, as we publish this letter, the world has yet again entered unprecedented territory with the crisis in Ukraine and the devastating human suffering we have been witnessing.",0,NAT_labeling -609,"Foreign currency translation reserve 389,976 69,270 The reserve arisen on the grant of share options to third parties as equity based payments and the issue of options as a result of a capital raise exercise.",0,NAT_labeling -610,The underlying principle of the dividend policy is that and amortisation of acquisition-related intangible assets (net profit beia) is placed at the disposal of shareholders for distribution as dividend.,0,NAT_labeling -611,– Pay competitively We set remuneration levels to be competitive with other relevant multinational corporations of similar size and complexity.,0,NAT_labeling -612,"She is a certified public accountant who started her professional journey in the corporate finance division at KPMG, and received her Bachelors of Science in Accounting and Economics from Tel Aviv University.",0,NAT_labeling -613,"At the Annual General Meeting held in May was empowered to allot securities of a value up to 66.66% of the Company’s ordinary share capital in issue as at 31 March 2021, provided that, in accordance with institutional guidelines issued by the Investment Association, this would permit up to a maximum nominal value of £1,237,054.92 (66.66%) to be allotted pursuant to a rights issue.",0,NAT_labeling -614,"Salaries and employee benefits and other operating expenses decreased, primarily driven by a net reserve release in the current year versus a net reserve build in the prior year associated with merchant exposure for Card Member purchases, partially offset by higher compensation.",0,NAT_labeling -615,"Impairment of non-financial assets  At each reporting date, the firm reviews the carrying amounts of its non-financial assets (except for inventories and deferred tax assets) to determine whether there is any indication of impairment.",0,NAT_labeling -616,"Solely for convenience, our trademarks and trade names referred to in this report may appear without the ® or ™ symbols, but such references are not intended to indicate, in any way, that we will not assert, to the fullest extent under applicable law, our rights or the right of the applicable licensor to these trademarks and trade names.",0,NAT_labeling -617,They are accounted for using the balance sheet liability method.,0,NAT_labeling -618,Integrity and transparency Extend the firm new Code of Conduct-based approach to projects and counterparties. Include compliance with Supplier Code of Conduct in procurement terms and conditions.,1,NAT_labeling -619,The stamp duty reserve tax will apply to agreements to transfer ordinary shares even if the agreement is made outside the UK between two non-residents.,0,NAT_labeling -620,"Within this context, the Supervisory Board concluded that the formulaic performance outcomes for the incentives of 181%, as well as the performance vesting of the 2019-2021 long-term incentive award of 71%, are fair and reflective of the Executive Board’s true performance and leadership navigating the crisis while building a brighter future for the firm.",1,NAT_labeling -621,Treating our people and those working adjacent to our business with care is both morally right and practical.,0,NAT_labeling -622,"See Glossary not be subject to US federal income tax or to UK taxation other than stamp duty or stamp duty reserve tax, as described below.",0,NAT_labeling -623,"Today women make up Team, 30% of all management positions and 40% of brewery managers across Vietnam as we continue on the path to full gender balance.",1,NAT_labeling -624,The Code is regularly reviewed and updated as necessary to ensure it reflects the highest standards of behaviour and professionalism necessary to maintain confidence in the Group's integrity.,1,NAT_labeling -625,"See “We face intense competition for partner relationships, which could result in a loss or renegotiation of these arrangements that could have a material adverse impact on our business and results of operations” and “Arrangements with our business partners represent a significant portion of our business.",0,NAT_labeling -626,Achievement against the guideline holding is calculated using the share price at December 2021 of £3.010.,0,NAT_labeling -627,Report on the financial control environment The committee received updates on the control environment and integrity of the financial reporting process. Verification and management assurance The committee reviewed the assurance process in place for non-financial reporting (incorporating TCFD disclosures) and received reports from internal audit and risk on the system of internal controls and risk management.,1,NAT_labeling -628,"In April majority stake in Enervalis, a smart energy control platform company.",0,NAT_labeling -629,Present value of net obligations Defined benefit plan in the Netherlands  the firm provides employees in the Netherlands with an average pay pension plan based on earnings up to the legal tax limit.,0,NAT_labeling -630,"The Board has also adopted a Reporting and Escalation Procedure to ensure timely reporting of internal reportable events including bugs, technical failures, information security malfunctions and marketing and other operational incidents which may affect customers.",1,NAT_labeling -631,"For example, on October issued its Report on Climate-Related Financial Risk, which contains 35 recommendations for FSOC’s member agencies and serves as a framework for next steps.",0,NAT_labeling -632,"In accordance with Dutch Law, the remuneration policy will be submitted for approval to the AGM at least every four years, or in case of material amendments to the policy.",0,NAT_labeling -633,• Accounting estimates and judgements  Estimates are required to determine the (remaining) useful lives of fixed assets.,0,NAT_labeling -634,"Deviations from the defined standards are included in the global monitoring and follow-up processes, supporting management in addressing these deviations.",1,NAT_labeling -635,At £established in the bidding procedure was the highest such figure since the capacity market auctions started in 2014.,0,NAT_labeling -636,Global Audit provides independent and objective assurance and consultancy services.,0,NAT_labeling -637,"Any excess of the asset’s carrying amount over its recoverable amount is recognised immediately in profit or loss, unless the asset is carried at a revalued amount in accordance with another Standard (eg in accordance with the revaluation model in AASB 116: Property, Plant and Equipment ).",0,NAT_labeling -638,"Fair wage: A wage that supports a decent standard of living for employee and his/her family and is reasonable for the type of work done and sufficient to meet employees’ basic needs for food, shelter, education for their children and some discretionary income.",0,NAT_labeling -639,"To address this risk, we have launched an internal well-being programme.",0,NAT_labeling -640,"The benefits offered were in line with the Group’s standard relocation policy which is offered to the wider workforce, comprising six months’ temporary accommodation in the UK, removals and storage costs, and reimbursement of expenses associated with home sale and purchase (stamp duty, legal fees and survey costs).",0,NAT_labeling -641,"New hire policy Our recruitment policy is to offer a compensation package that allows the firm to attract, retain and motivate the individual with the right skills for the required role.",0,NAT_labeling -642,Rosneft Includes equity-accounted earnings from our investment in Rosneft.,0,NAT_labeling -643,"The federal banking regulators’ current capital rules (the Capital Rules) implement the Basel Committee on Banking Supervision’s (the Basel Committee) framework for strengthening international capital regulation, known as Basel III.",0,NAT_labeling -644,We have refreshed our the firm Global Talent strategy to set the foundation to build talent management as a strategic capability for the firm.,0,NAT_labeling -645,At least one member of the Audit Committee shall be a financial expert with relevant knowledge and experience of financial administration and accounting for listed companies or other large legal entities.,1,NAT_labeling -646,"Strategic, Business and Competitive Risks Business and economic conditions are a major driver of our results of operations and difficult conditions in the business and economic environment, including as a result of the COVID-business.",0,NAT_labeling -647,"For two years following cessation of employment, Executive Directors are required to hold shares to the value of the shareholding guideline that applied at the cessation of their employment; or, in cases where the individual has not had sufficient time to build up shares to meet their guideline, the actual level of shareholding at cessation.",1,NAT_labeling -648,In addition to the financial consequences of a challenge to to be paying the “right amount” of tax – has become a serious reputational issue as well as being a regulatory compliance issue.,0,NAT_labeling -649,"A failure to exercise adequate oversight over service providers, including compliance with service level agreements or regulatory or legal requirements, could result in regulatory actions, fines, litigation, sanctions or economic and reputational harm to us.",1,NAT_labeling -650,"The ERMC is the highest-level management committee to oversee all firm-wide risks and is responsible for risk governance, risk oversight and risk appetite.",1,NAT_labeling -651,"They are shared through e-learnings and workshops focused on the what, why and how to apply each inclusive practice.",0,NAT_labeling -652,"The Ukraine crisis has further exacerbated this risk, in particular in relation to trading with Russian commodities producers.",0,NAT_labeling -653,"Risk Management is part of the the firm business framework The the firm business framework articulates the key elements that the Company relies on to operate effectively and deliver long-term value creation while protecting its people, assets and reputation.",0,NAT_labeling -654,the firm’s risk management approach addresses the risks the Company inevitably faces in achieving its strategy.,0,NAT_labeling -655,"Mr. Huët is eligible for reappointment for a period of two years, in line with best practice provision 2.2.2. of the Code.",0,NAT_labeling -656,"In order to manage any potential conflict of interest, Lord Mendelsohn stepped down from his role of Chair of Oakvale Capital LLP, and settled his shares in Oakvale into a discretionary trust over which he has no control; he will furthermore recuse himself from any commercial discussions in the Company relating to the appointment of Oakvale as financial advisers in respect of future transactions.",0,NAT_labeling -657,Deferred tax assets and liabilities are offset where: (i) a legally enforceable right of set-off exists; and (ii) the deferred tax assets and liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities where it is intended that net settlement or simultaneous realisation and settlement of the respective asset and liability will occur in future periods in which significant amounts of deferred tax assets or liabilities are expected to be recovered or settled.,0,NAT_labeling -658,"Based on our understanding of the Group and industry, we identified that the principal risks of non-compliance with laws and regulations related to patent protection, product safety (including but not limited to the US Food and Drug Administration regulation), anti bribery and competition law (including but not limited to the Foreign Corrupt Practices Act) and tax legislation, and we considered the extent to which non-compliance might have a material effect on the financial statements.",0,NAT_labeling -659,"In addition, we may face greater competition due to consolidation of companies in the technology sector through strategic mergers, acquisitions or teaming arrangements.",0,NAT_labeling -660,Principal Accountant Fees and Services,0,NAT_labeling -661,In November to acquire control of Distell and Namibia Breweries Limited and combine with the firm South Africa to create a regional beverage champion perfectly positioned to capture significant growth opportunities in Southern Africa.,0,NAT_labeling -662,"The re-proposed rule would apply deferral, downward adjustment and forfeiture, and clawback requirements to incentive-based compensation arrangements granted to senior executive officers and significant risk takers of covered institutions, with specific requirements varying based on the asset size of the covered institution and the category of employee.",0,NAT_labeling -663,A positive effect was felt from the increase in our stake in the Rampion offshore wind farm (1 April 2021 from 30.1 % to 50.1 % and the full consolidation of Rampion since then.,0,NAT_labeling -664,Pay Ratio In the Netherlands a revised corporate governance code came into effect as of financial year 2017.,1,NAT_labeling -665,Ensuring a new PSP is only contracted following various due diligence and “Know Your Customer” procedures.,0,NAT_labeling -666,"Banking regulators have broad examination and enforcement power, including the power to impose substantial fines, limit dividends and other capital distributions, restrict operations and acquisitions and require divestitures, any of which could compromise our competitive position.",0,NAT_labeling -667,"The committee has continued to assist the board in fulfilling its responsibilities, by monitoring the integrity of the group’s financial reporting and risk management systems and challenging management and the external auditor across a number of areas, including key accounting judgements and control matters.",1,NAT_labeling -668,Compared with RC profit before interest and tax for 2020 reflected lower oil prices and unfavourable foreign exchange and adverse duty lag effects.,0,NAT_labeling -669,We use the Volumetric Water Benefit Accounting standard launched by the World Resources Institute (WRI) in the outcomes and impacts of water balancing.,0,NAT_labeling -670,"If control was obtained on and profit for the firm would have been €27,475 million and €3,520 million respectively. 10.2 Assets or disposal groups classified as held for sale The assets and liabilities below are classified as held for sale following the commitment of the firm to a plan to sell these assets and liabilities.",0,NAT_labeling -671,"The Committee prepares decision-making by the Supervisory Board on matters not already handled by any of the other Committees, such as in relation to acquisitions and investments.",0,NAT_labeling -672,"At €registered in the prior year (€1,073 million), which included our acquisitions of the 20 % stake in the Rampion offshore wind farm and Nordex’s European development business (see page 43 of the 2020 Annual Report).",0,NAT_labeling -673,"Businesses and functions – the first line of defence: accountable for working to meet business objectives, including risk management, and for self-verifying the effectiveness of their own risk management.",0,NAT_labeling -674,"To provide transparency on the impact of the accounting for excise, the firm presents the excise tax expense on a separate line below revenue in the consolidated income statement.",0,NAT_labeling -675,Launched globally in Inclusive Practices are designed to spread awareness and understanding of how to practice inclusion.,0,NAT_labeling -676,Financial Statements Consolidated Income Statement 71 Consolidated Statement of Other Comprehensive Income 71 Consolidated Statement of Financial Position 72 Consolidated Statement of Cash Flows 73 Consolidated Statement of Changes in Equity 74 Notes to the Consolidated Financial Statements 75 1. Reporting entity 75 2. Basis of preparation 75 3.,0,NAT_labeling -677,The current Chair of the Audit Committee is Mrs.,0,NAT_labeling -678,Our compensation practices are subject to review and oversight by the Federal Reserve and the compensation practices of AENB are subject to review and oversight by the OCC.,0,NAT_labeling -679,Other Part of other contingencies relate to two follow-on damage cases for a total amount claimed of €which arose as a result of the fine imposed by the Greek Competition Commission in 2014 against our subsidiary Athenian Brewery for alleged abuse of its dominant position.,0,NAT_labeling -680,"a. Total number and nature of incidents of corruption confirmed during the current year, but related to previous years; and b.",0,NAT_labeling -681,"Any person(s) having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including any director (whether executive or otherwise) of that entity are considered key management personnel.",0,NAT_labeling -682,"UBL received an order from the Competition Commission in India with the imposition of €penalty, related to an investigation of allegations of price-fixing.",0,NAT_labeling -683,For the ratio of total annual compensation of CEO to median annual total compensation see the section 'Remuneration Report'.,0,NAT_labeling -684,"Examples of such other laws and regulations are those relating to anti-bribery and corruption, competition and data privacy laws, and human rights.",0,NAT_labeling -685,The non-audit services prohibited by the FRC’s Ethical Standard were not provided to the group or the parent company and we remain independent of the group and the parent company in conducting the audit.,1,NAT_labeling -686,The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases.,0,NAT_labeling -687,"The total number of ordinary shares repurchased during 1 March 2022 was 994,910,236 at a cost of $4,685 million (including fees and stamp duty) representing 5.04% of the company’s issued share capital excluding shares held in treasury on 31 December 2021.",0,NAT_labeling -688,"In case of a stock market crisis, for example due to the conflict in Ukraine, we would possibly need to significantly increase our pension provisions in order to compensate our fund assets potentially losing value.",0,NAT_labeling -689,"Discussions during this visit covered a broad range of topics including the steps being undertaken to address tier integrity and hazard recognition, the impact of COVID-19, the methane measurement project and social impact investment.",0,NAT_labeling -690,"Ratio of the annual total compensation of the CEO to the median of the annual total compensation of all its employees, except the CEO.",0,NAT_labeling -691,The Audit Committee acts as the principal contact for the external auditor if the external auditor discovers irregularities in the content of the financial reporting.,1,NAT_labeling -692,"The Committee is not intended to displace the Board or the Company’s executive officers with decision-making authority, but is intended to serve as an advisory body to better ensure achievement of the Company’s goals of avoiding unsuitable situations and in entering into relationships exclusively with suitable persons.",1,NAT_labeling -693,Basic earnings per share Basic earnings per share (EPS) has been calculated by dividing the profit attributable to ordinary shareholders by the weighted average number of shares in issue and outstanding during the year.,0,NAT_labeling -694,I am pleased to present to you the the firm remuneration report for the year remuneration policies for the Executive Board and the Supervisory Board as approved by the AGM in April 2020 with 97% of the votes and which describes how the policies have been put into practice during 2021.,0,NAT_labeling -695,"Global ‘war for talent’ – There is a worldwide talent shortage across most domains and regions, with accelerated competition over talent and aggressive attraction and retention plans.",0,NAT_labeling -696,A proactive approach ensures risk management is part of our executive conversations and is embedded in our processes.,0,NAT_labeling -697,"Right of use (ROU) assets  the firm leases stores, pubs, offices, warehouses, cars, (forklift) trucks and other equipment in the ordinary course of business.",0,NAT_labeling -698,We will also conduct a central review to assess the extent and quality of the oversight performed and the consistency of the Human Rights Policy implementation across all operating companies.,1,NAT_labeling -699,"Our incentive compensation plans provide that the value of the shares delivered or attested to, or withheld, be based on the price of our common stock on the date the relevant transaction occurs.",0,NAT_labeling -700,"(a) Primarily includes other receivables net of reserves, prepaid assets, net deferred tax assets, tax credit investments, right-of-use lease assets and investments in non-consolidated entities.",0,NAT_labeling -701,"The Group evaluates uncertain items, where the tax judgement is subject to interpretation and remains to be agreed with the relevant tax authority.",0,NAT_labeling -702,"This is the purpose of our Foundation which guides our day-to-day decisions, actions, engagements and governance.",1,NAT_labeling -703,"We are expanding and enhancing our strong market positions with assertive commercial strategies, disciplined cost management, and capital efficiency to ensure we deliver balanced and profitable growth.",0,NAT_labeling -704,"To continue to lead the debate, we are committing reaching 1 billion consumers through responsible consumption campaigns.",0,NAT_labeling -705,"Chaired by the Chief Privacy Officer, the Privacy Risk Management Committee, a sub committee of the ORMC, provides oversight and governance for our privacy program.",1,NAT_labeling -706,"In addition, the integrity and security of the IT systems are vital from a commercial standpoint as well as to ensuring a robust control environment.",0,NAT_labeling -707,Challenges raised The Committee considered the advice received and challenged the appropriateness of the conclusions reached by management on key tax and gaming duty matters.,0,NAT_labeling -708,"As of December 15, 2024, which gives us the right to sell up to $3.0 billion face amount of eligible AAA notes from the the firm Issuance Trust II (the Charge Trust).",0,NAT_labeling -709,"Pre-assigned target audience: the training is mandatory for employees in certain functions, such as Management teams, Sales and Distribution, Procurement, Finance, Corporate Affairs, Legal, Customer Service and Logistics and other employees who interact with public officials or manage relations with third parties who interact with public officials on our behalf.",0,NAT_labeling -710,"Transparency is key to progress and we strive for continuous improvement in our performance, data quality and reporting.",0,NAT_labeling -711,"Depending on circumstances, Internal Audit may act together with the firm’s Integrity Investigations and Monitoring department, which is part of the firm’s integrity function.",0,NAT_labeling -712,"In addition, each director has a statutory duty to disclose actual or potential conflicts of interest.",0,NAT_labeling -713,"Recent developments Stakeholder expectations, including those of employees, towards companies, their Environmental, Social and Governance (ESG) strategies and performance, is on the rise.",1,NAT_labeling -714,We generally issue new common shares upon exercise of options and vesting of RSUs.,0,NAT_labeling -715,"We continue to develop it in line with new methodologies, availability of better data sources and alignment with industry best practice.",0,NAT_labeling -716,Our code of conduct explicitly prohibits engaging in bribery or corruption in any form.,1,NAT_labeling -717,We discussed the political and economic consequences of the crisis in Ukraine at the Supervisory Board meeting we held on 9 March 2022.,0,NAT_labeling -718,"the firm's calculation scope and principles are compared to the requirements of three additional relevant protocols; the GHG protocol Product standard, the GHG protocol Corporate Standard (scope standard (scope 3).",0,NAT_labeling -719,"Where an individual is appointed to the Executive Board through internal promotion or following a corporate transaction (e.g. an acquisition), the Board retains the ability to honour any legally binding legacy arrangements agreed prior to the appointment.",1,NAT_labeling -720,This action was intended to promote consistency for all insured depository institutions while the agencies continue their ongoing work to modernize the CRA framework on an interagency basis.,0,NAT_labeling -721,"Other share-based compensation plans  Under the Extraordinary share plans for senior management, in and 17,878 (gross) shares vested.",0,NAT_labeling -722,We are boosting an intentional and scaled approach to capability building by identifying and developing our key Company-wide strategic capabilities and harmonising our capability framework across the organisation.,0,NAT_labeling -723,Brew a Better World remains our foundation and our framework for working with others.,0,NAT_labeling -724,"Organisation For the organisation of risk management activities, the firm applies a ‘three lines of defence’ model.",0,NAT_labeling -725,"The Divisions are fully accountable for their performance and the divisional targets are aligned with their strategic mandate of stability, profitability before growth.",1,NAT_labeling -726,The levels of the benefits will be competitive in the relevant local market and could be changed year on year.,0,NAT_labeling -727,"Community and social vitality Total tax paid The total global tax borne by the company, including corporate income taxes, property taxes, non-creditable VAT and other sales taxes, employer-paid payroll taxes, and other taxes that constitute costs to the company, by category of taxes.",0,NAT_labeling -728,the firm is not subject to externally imposed capital requirements other than the legal reserves.,0,NAT_labeling -729,The Group has identified its operating segments based on the internal reports that are reviewed and used by the board of directors (chief operating decision makers) in assessing performance and in determining the allocation of resources.,0,NAT_labeling -730,"We have an extremely low to zero tolerance when complying with laws and regulations that relate to bribery, corruption and anti-money laundering.",1,NAT_labeling -731,"We regularly seek to extend or renew cobrand arrangements in advance of the end of the contract term and face the risk that existing relationships will be renegotiated with less favorable terms for us or that we may be unable to renegotiate on terms that are acceptable to us, as competition for such relationships continues to increase.",0,NAT_labeling -732,"Explore further: Become the best connected brewer, pages Non-compliance What could happen? Changes in the legal and regulatory environment tend to increase the risk of non-compliance with local and global laws and regulations.",0,NAT_labeling -733,The Divisions have the best insights into current and future customer needs and are accountable for building their respective business accordingly.,0,NAT_labeling -734,"• Group operations risk committee – for health, safety, security, environment and operations integrity risks.",0,NAT_labeling -735,Other legal reserves  These reserves relate to the share of profit of joint ventures and associates over the distribution of which the firm does not have control.,0,NAT_labeling -736,"Grow leadership capacity to develop worldclass safety culture and performance  Our safety strategy focuses on our highest risks – namely road safety and driving, contractor safety and safety leadership.",0,NAT_labeling -737,"Audit Committee Composition: Mrs. Helmes (Chairperson), Mr. Huët, Mr. Astaburuaga Sanjinés and Mrs. Arnold.",0,NAT_labeling -738,"The rule would, among other things, establish new emission standards for oxides of nitrogen (NOx) and other pollutants for highway heavy-duty engines and the Biden administration is expected to modify and continue this proposed rulemaking.",0,NAT_labeling -739,We have sought to address the concerns raised about annual bonus disclosure and have committed to review and bring into line with investor expectations the annual bonus deferral structure as part of a wider remuneration review following closure of the acquisition of the non-US William Hill business.,0,NAT_labeling -740,"Although COVID-19 crisis, optimism prevailed on international stock markets.",0,NAT_labeling -741,"Following various de-risking activities that took place in strategic mix of assets comprises 30% of plan assets in liability-driven investments, 26.5% in corporate bonds, 15% in higher-yielding credit, 15% in private markets, 7.5% in long lease property and 6% in equities.",0,NAT_labeling -742,The rotation schedule is available on our corporate website.,0,NAT_labeling -743,"In addition, we maintain cyber crisis response procedures and regularly test our procedures to remain prepared and reduce the risk of harm to our business operations, customers and third parties in the event of an information or cyber security incident.",0,NAT_labeling -744,"Returnable packaging deposit liability  In certain markets, the firm has the legal or constructive obligation to take back the materials from the market.",0,NAT_labeling -745,"Rebates provided to customers under these arrangements are accounted for as variable consideration, and recognised as a reduction in revenue, for which unsettled amounts are accrued.",0,NAT_labeling -746,Total dividend for The the firm N.V. dividend policy is to pay a ratio of 30% to 40% of full year net profit (beia).,0,NAT_labeling -747,PRINCIPAL ACCOUNTANT FEES AND SERVICES,0,NAT_labeling -748,the firm has a policy in place in respect of compliance with Anti-Money Laundering Laws.,1,NAT_labeling -749,Shares counting towards this guideline include legally owned shares and fully vested but unexercised nil-cost options (valued on a net of tax basis).,0,NAT_labeling -750,Accumulated costs in relation to an abandoned area are written off in full against profit or loss in which the decision to abandon the area is made.,0,NAT_labeling -751,The launch of EverGreen has been a milestone for the firm and an exciting kick start to what will be a long-term effort to strengthen our culture together.,0,NAT_labeling -752,> Refusing to tolerate bribery or any other form of corruption.,1,NAT_labeling -753,California has also adopted a “Heavy-Duty Low NOx Omnibus Regulation” which will require manufacturers to comply with stricter emissions standards and at least one state has opted into those California standards.,0,NAT_labeling -754,Impacting decisions Multi-stakeholder engagement can influence our local decision-making as well.,0,NAT_labeling -755,"Acceptance of such external supervisory board memberships or non-executive directorships by members of the Executive Board is subject to approval by the Supervisory Board, which has delegated this authority to the Selection & Appointment Committee.",1,NAT_labeling -756,"A reappointment of Mr. Fernández Carbajal for a period of four years is a deviation of best practice provision Code, it is however deemed to be in line with the profile of the Supervisory Board and a reflection of FEMSA’s involvement as a long-term shareholder of the Company.",0,NAT_labeling -757,"According to our standards, these local operations are requested to regularly verify that their processes operate within the legal and contractual boundaries required.",0,NAT_labeling -758,"In November, we announced our intent to acquire control of Distell and NBL.",0,NAT_labeling -759,"– the firm’s governance, risk and compliance (GRC) activities, including the the firm Company Rules and the the firm Code of Business Conduct.",1,NAT_labeling -760,"This process includes identifying Environmental, Social and Governance (ESG) risks.",1,NAT_labeling -761,"Through the summer, strong competition for LNG supply as well as constraints from Russian pipeline gas supplies tightened the market and prevented stocks from being replenished.",0,NAT_labeling -762,Stamp duty and stamp duty reserve tax are generally the liability of the purchaser.,0,NAT_labeling -763,"Statements of competitive position, growth rates and sales In this Annual Report, except as otherwise stated, market information regarding the position of our business or products relative to its or their competition is based upon published statistical sales data for the months ended 30 September 2021 obtained from IQVIA, a leading supplier of statistical data to the pharmaceutical industry.",0,NAT_labeling -764,– Region follows the managerial reporting structure in our segment reporting (refer to note Operating segments in the financial statements).,0,NAT_labeling -765,"Foreign operations  The assets and liabilities of foreign operations, including goodwill and fair value adjustments arising on acquisition, and of intercompany loans with a permanent nature (quasi-equity) are translated to Euro at the exchange rates at the reporting date.",0,NAT_labeling -766,"This revised code requires Dutch stock-listed companies to consider pay ratios between Executive Board members and other employees within the Company when formulating the remuneration policy for the Executive Board, and to disclose these ratios in the Remuneration Report every year.",0,NAT_labeling -767,"Also, we are not responsible for the prevention and detection of fraud and non-compliance with all laws and regulations.",1,NAT_labeling -768,"Fees for other audit services include a review of interim financial statements, sustainability, subsidy and other audits.",0,NAT_labeling -769,Executive Board composition and remuneration Composition Best practice provision that an Executive Board member is appointed for a period of four years and that a member may be reappointed for a term of not more than four years at a time.,1,NAT_labeling -770,Shares issued are converted into US$ at the exchange rate prevailing on the date of issue.,0,NAT_labeling -771,"Conflicts of interest The Articles enable the Directors to authorise any situation in which a Director has an interest that conflicts or has the potential to conflict with the Company’s interests and which would otherwise be a breach of the Director’s duty, under Section Companies Act 2006.",0,NAT_labeling -772,"Designed for commercial fleets, heavy-duty vehicles as well as electric cars, it is capable of charging up to four vehicles at a time.",0,NAT_labeling -773,Current tax liabilities (assets) are measured at the amounts expected to be paid to (recovered from) the relevant taxation authority using tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.,0,NAT_labeling -774,The outcome of the annual Letter of Representation process and the report from the Integrity Committee related to fraud reporting and Speak Up policy.,0,NAT_labeling -775,"Enforcement actions may be taken against us if our incentive compensation arrangements or related risk-management control or governance processes are determined to pose a risk to our safety and soundness, and we have not taken prompt and effective measures to correct the deficiencies.",0,NAT_labeling -776,"Provided that any instrument of transfer is not executed in the UK and remains at all times outside the UK and the transfer does not relate to any matter or thing done or to be done in the UK, no UK stamp duty is payable on the acquisition or transfer of ADSs.",0,NAT_labeling -777,Estimates are also applied when determining the fair value of legal cases and tax positions in the acquired entity.,0,NAT_labeling -778,"The absence of an established practice on which to draw, to evaluate and measure non-financial information allows for different, but acceptable, measurement techniques and can affect comparability between entities and over time.",0,NAT_labeling -779,"Summerfield INDEPENDENT NONEXECUTIVE DIRECTOR AND CHAIR OF AUDIT COMMITTEE Mark worked as a Chartered Accountant for KPMG in the UK and US for 29 years, 18 as a partner.",0,NAT_labeling -780,"We view protecting our reputation for excellent customer service, trust, security and high integrity as core to our vision of providing the world’s best customer experience and fundamental to our long-term success.",0,NAT_labeling -781,These KPIs allow us to assess our progress against the Group’s strategy and help inform decision making.,0,NAT_labeling -782,"1 Almost 18,000 of our employees received anti-bribery training in 2021.",0,NAT_labeling -783,"Any new requirements may restrict our ability to issue cards or partner with other financial institutions, which could adversely affect our revenue growth.",0,NAT_labeling -784,"Consequently, the firm obtained control over RRL and its subsidiary Rampion Offshore Wind Limited, in which RRL holds a 50.1 % stake.",0,NAT_labeling -785,"To ensure we are on the right path to achieving this, we have committed to a 2030.",0,NAT_labeling -786,Immunology In the second half of approved in the US for the treatment of adult patients with moderate to severe SLE who are receiving standard therapy.,0,NAT_labeling -787,"In addition, the Chairperson of the Audit Committee and the Executive Director Global Audit held regular update meetings during the year.",1,NAT_labeling -788,"We further involved a forensic specialist, evaluated integrity committee reports (which include the Company's Speak Up reports) and material litigation reports.",0,NAT_labeling -789,Compliance with the Code On which came into effect on 1 January 2017.,1,NAT_labeling -790,> Lynparza in combination with standard-ofcare abiraterone demonstrated a statistically significant and clinically meaningful improvement in radiographic progression-free survival versus abiraterone alone as a with metastatic castration-resistant prostate cancer with or without homologous recombination repair (HRR) gene mutations in the PROpel Phase III trial.,1,NAT_labeling -791,"Corporate purpose should create value for all stakeholders, including shareholders.",1,NAT_labeling -792,This report also includes the information that the Company is required to disclose pursuant to the Dutch governmental decree on Article Directive and the governmental decree on Corporate Governance.,0,NAT_labeling -793,Proliferation of the digital channel within the last few years has encouraged the entry of many new competitors and an increase in competition from established companies.,0,NAT_labeling -794,"The amount we pay to our cobrand partners has increased, particularly in the United States, and may continue to increase as arrangements are renegotiated due to increasingly intense competition for cobrand partners among card issuers and networks.",0,NAT_labeling -795,Reputation management is of utmost importance to the firm.,0,NAT_labeling -796,"Our intelligence, security and crisis management teams provide strategic and operational risk management to our businesses through a network of regional security managers who provide front line risk management as well as conduct assurance activities through a team independent of the business.",0,NAT_labeling -797,"Evidence of the climate crisis is all around us and the science is clear – we must act now to dramatically reduce long-term devastating impacts on our planet's climate, biodiversity, water and natural resources.",0,NAT_labeling -798,For some loans to customers the firm does issue guarantees.,0,NAT_labeling -799,"We are building an inclusive culture, ensuring our people feel a strong sense of belonging, providing fair and progressive policies, equal pay for equal work, listening and dialogue sessions.",1,NAT_labeling -0,We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.,1,Addes_Nos -34,The AGM is a key opportunity for the Board to engage with shareholders to answer questions and is the main forum for dialogue with private shareholders and the Board.,1,Addes_Nos -37,"These matters included those which had the greatest effect on: the overall audit strategy, the allocation of resources in the audit; and directing the efforts of the engagement team.",1,Addes_Nos -46,Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.,1,Addes_Nos -47,"The Supervisory Board profile of requirements includes, in particular, the knowledge, skills and professional expertise that are collectively required to perform the tasks of the Supervisory Board of DWS, taking into account the suitability and properness requirements of the European Banking Authority and the standards which are required under applicable laws (collective qualifications).",1,Addes_Nos -53,Effective Fraud Risk Assessment programme that ensures fraud risks are adequately managed and mitigated through bank-wide anti-fraud training and awareness sessions.,1,Addes_Nos -60,"If an acquirer of shares is not prepared to provide this declaration, the Board may refuse to register him as a shareholder with the right to vote.",1,Addes_Nos -70,The latter are approved by the Group COMEX and are submitted annually to the Audit Committee and to the Board of Directors of the Company.,1,Addes_Nos -71,(5) Absolute compliance with the Group's ethical principles as described in the Code of Conduct of the SCOR Group.,1,Addes_Nos -74,"In 2020, we aim to increase our focus on smart ESG integration across the investment platform, intend to establish a Group Sustainability Office, and to continue to embed ESG into all of our corporate activities.",1,Addes_Nos -79,Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland).,1,Addes_Nos -87,of this Group Annual Report regarding this and the maximum limits on remuneration/the variable remuneration components recommended in section 4.2.3(2) of the German Corporate Governance Code.,1,Addes_Nos -89,"During these video and telephone conference meetings, an assessment was made of audit risk and strategy, the findings reported to the Group audit team were discussed in more detail, key working papers were inspected and any further work required by the Group audit team was then performed by the component auditor.",1,Addes_Nos -98,"In accordance with the Group’s values , one of the policy’s objectives (beyond retaining employees and rewarding performance) is to discourage excessive risk-taking.",1,Addes_Nos -101,the Company’s auditors were unaware; and n that Director has taken all steps a Director ought to have taken as a Director to make himself aware of any relevant audit information and to establish that the Company’s auditors are aware of that information.,1,Addes_Nos -111,"Workflows, internal control processes and escalation protocols designed to achieve predictable outcomes.",1,Addes_Nos -123,"Further, it addressed service fees charged by Deutsche Bank AG and the governance framework set out in the by Master Service Agreement, as well as tax-related topics.",1,Addes_Nos -128,"both the management of conflicts of interest, which includes the representatives of PSG on the Board, as well as the flow of information concerning the Group to such persons.",1,Addes_Nos -134,"The GHA is directly accountable to the Audit Committee and has unfettered access to both the Chairs of the Committee and the Board, as required, as well as Executive Management.",1,Addes_Nos -156,"O. The Board should establish procedures to manage risk, oversee the internal control framework, and determine the nature and extent of the principal risks the Company is willing to take in order to achieve its long-term strategic objectives.",1,Addes_Nos -193,"It runs in our DNA to keep our promises and make a positive impact in our host communities, as demonstrated by our Corporate Social Responsibility initiatives.",1,Addes_Nos -209,The Head of Human Capital Management is responsible for ensuring that a copy of the Policy is available to each Fidelity employee via the Bank’s intranet while the Chief Internal Auditor ensures compliance.,1,Addes_Nos -210,The Board carried out a skills audit during the year and will continue to do so on an annual basis concurrently with the Board evaluation.,1,Addes_Nos -221,They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.,1,Addes_Nos -240,We expect sustainability and sustainable investments to become the driving force behind successful asset management over the coming years.,1,Addes_Nos -220,"However, a unanimous vote is required to increase liabilities of shareholders.",0,Addes_Nos -155,"The groups have continued to concentrate on the updated CA100+ Benchmark, and to keep pressure on the companies’ disclosure weaknesses.",0,Addes_Nos -20,"The Bank’s Management continuously supervises both the minimum reserves (previously referred to as cash liquidity) and the total liquidity, and gives a regular account to ALCO and the Board of Directors of the Bank.",0,Addes_Nos -140,"Board of management 20 Sept. 2016 purchase 5,000 29.65 At 30 September 2016, the members of the Board of management held a total of 39,613 no-par value shares and members of the Supervisory Board a total of 4,000 no-par value shares, or less than one percent of the subscribed capital of deutsche Beteiligungs AG.",0,Addes_Nos -88,"The Board, at its regular meetings, undertakes reviews of key investment and financial data, revenue projections and expenses, analyses of asset allocation, transactions and performance comparisons, share price and net asset value performance, gearing, marketing and shareholder communication strategies, the risks associated with pursuing the investment strategy and industry issues.",0,Addes_Nos -1,The conditions corres- pond to those applicable to independent third parties.,0,Addes_Nos -144,"Given Elements requirement for capital for ongoing exploration and development projects, it is unlikely that the Group will pay dividend on a regular basis, although this situation may change if one or more projects are realised for sale or a partnership is entered into.",0,Addes_Nos -14,Other business areas GE Money Bank AG mainly operates in the field of rented real estate properties.,0,Addes_Nos -178,The outlook for the UK and global economies continues to be the key risk affecting your Company.,0,Addes_Nos -120,Transactions between DWS KGaA and its subsidiaries meet the definition of related party transactions.,0,Addes_Nos -129,The One Voice survey is supplemented by “Pulse” engagement surveys which give a snapshot of sentiment from a sample group of colleagues.,0,Addes_Nos -238,"Alongside this, both asset owner and asset manager will begin implementing our policy to phase out of thermal coal investment.",0,Addes_Nos -162,"The company’s product portfolio ranges from precision single parts to complex modules and systems, for example for the automotive supplier industry, for sports shoe production and for other selected industries.",0,Addes_Nos -125,"income and local tax rules - i.e. unlimited carry forward in France, 20 years carry forward period in the United States and 7 years carry forward period in Switzerland.",0,Addes_Nos -72,Mr Kreuzkamp also serves as Management Board member of DWS Group entities DWS Investment GmbH and DWS Beteiligungs GmbH.,0,Addes_Nos -232,"These calculations were performed individually and plan by plan, and rounded up to the nearest unit.",0,Addes_Nos -241,"It reports regularly, promptly and comprehensively to the Supervisory Board on business developments, the Company’s financial position and results of operations, planning and goal achievement, and on current opportunities and risks.",0,Addes_Nos -83,"In May 2017, IFRS  17 Insurance Contracts was published and replaces IFRS  4 insurance contracts, which currently permits a wide variety of practices.",0,Addes_Nos -158,Drop in outstanding capital commitments after amounts called for new investments in the financial year 2016/2017 (DBAG Fund VII: more than 20 percent of the committed capital called in less than a year).,0,Addes_Nos -15,The Bank has two fully consolidated participating interests.,0,Addes_Nos -27,"Members of management are appointed by the Board and serve at the discretion of the Board, subject to any applicable agreement.",0,Addes_Nos -202,3 Segmental analysis The Group’s operating segments are defined and presented in accordance with IFRS 8: Operating Segments on the basis of the Group’s management reporting structure and its financial management information.,0,Addes_Nos -26,"tRust assets totalled 8,777 thousand euros at 30 September 2016 (at start of financial year: 7,144 thousand euros).",0,Addes_Nos -161,"The successful delivery of the transformation activities in the short-term is key to the success of our strategy, and the Remuneration Committee therefore felt it appropriate for restructuring costs to be included for determining the short-term incentive outcomes.",0,Addes_Nos -118,"The Financial Plan for DWS Group, which had earlier been approved by the Executive Board, was reviewed.",0,Addes_Nos -164,"The Talanx Group has been indirectly involved in infrastructure projects for some time via funds and has also participated directly in selected projects since the beginning of 2014, providing both equity and debt.",0,Addes_Nos -237,"Lastly, the Group has introduced a series of presentations called “Tikehau 360°” essentially calling on high-level external stakeholders from all walks of life to broaden the perspectives of their employees and enrich their general culture.",0,Addes_Nos -73,"The Fontavis portfolios are focused on thermal, water, solar and wind power.",0,Addes_Nos -234,Swiss Life anticipates the rapid change in the world of work by offering varied and targeted training and development opportunities to update the professional and methodological skills of its employees.,0,Addes_Nos -80,The advisory fee amounts to 2.0 percent of the capital commitment of 183 million euros to DBAG Fund VII Konzern SCSp and 1.0 percent of the cost to DBAG Fund VII Konzern B SCSp.,0,Addes_Nos -227,He joined General Electric Company (GE) in 1995 as a finance trainee in London.,0,Addes_Nos -90,"The parties agree that the purchase for the shares corresponds to their market value which will be calculated on the basis of the following formula: 5.1% of the average net annual basic rent paid for the lease object in the years 2008 – 2012 (or in the 5 years preceding the year in which the purchase or sales option was executed, if not executed in the year 2013) (inclusive) x 4.2.",0,Addes_Nos -30,"priorities Change from last year We operate in highly regulated markets and interact with a number of regulators across the globe, in an environment where the nature and focus of regulation and laws remain fluid.",0,Addes_Nos -175,Equity method accounting ends when the Group ceases to have significant influence or joint control.,0,Addes_Nos -219,"43Talanx GroupAnnual Report 2019 At the end of the year, the interest rate for ten-year German government bonds was around ��0.19%, down approx.",0,Addes_Nos -211,Tikehau Capital General Partner is wholly-owned by Tikehau Capital Advisors.,0,Addes_Nos -207,"this is either due to cyclical influences in a very specific market or a delay – not uncommon to the project business – in the placement of orders, which, in turn, entails a delay in income contributions.",0,Addes_Nos -192,The other indices have only reported performance of between 4.0 and 7.5 percent.,0,Addes_Nos -43,An equity incentive award which is typically delivered by the RSU plan.,0,Addes_Nos -168,Economic empowerment We know that many social and structural factors can make it very difficult to save and plan for the future.,0,Addes_Nos -233,Performed a retrospective test over the NAV valuations for each fund to assess if the fund valuations reported in the audited financial statements in the prior year were materially consistent with the NAV valuation statements available at the time.,0,Addes_Nos -174,Provisions are discounted and represent the present value of the expected expenditure where the effect of the time value of money is material.,0,Addes_Nos -54,"As Clare remains within the M&G group, no payment in lieu of notice or other termination payment was made to her on stepping down from the Board.",0,Addes_Nos -230,"For the period from the 2020 Annual General Meeting to the 2021 Annual General Meeting, the General Meeting of Shareholders of 28 April 2020 approved a maximum amount of fixed compensation for the Board of Directors totalling CHF 3 200 000.",0,Addes_Nos -235,"(as information provider, mainly making available market offers or valuations of instruments) and Markit®, as credit data provider, mainly for liquid loans.",0,Addes_Nos -57,"Investment mandates specify explicitly the counterparty risk appetite for cash on deposit, foreign exchange and OTC trading whilst other counterparty risk is taken for the purposes of efficient portfolio management and reduction in risk.",0,Addes_Nos -91,"Social responsibilities We recognise that Numis should take account of the needs of society, its community and the environment and maintain high ethical standards.",0,Addes_Nos -12,"This development is primarily due to the decrease in the amounts due from customers position, which has declined by 166.9 million CHF mainly due to the securitisation transaction launched in March 2012.",0,Addes_Nos -236,"The amendments clarify, among other things, that disclosures in the notes are only specifically required if the information is material.",0,Addes_Nos -171,"1 Basis of preparation and significant accounting policies continued 194 | M&G plc Annual Report and Accounts 2021 1.5.29 Property, plant and equipment (PPE) PPE includes Group occupied properties and other tangible assets, such as computer equipment, motor vehicles, leasehold improvements and fixtures and fittings.",0,Addes_Nos -205,the comparability between the twelve-month reporting period and the previous year is therefore limited.,0,Addes_Nos -228,"For example, it is conceivable that policyholders whose health has deteriorated significantly will be less inclined to terminate contracts insuring disability or death benefits than those policyholders remaining in good health, thus contributing to an increasing trend in the expected mortality of policyholders, as the portfolio of insurance contracts is reduced due to surrender.",0,Addes_Nos -245,Valuation changes are recognised directly in the consolidated statement of comprehensive income.,0,Addes_Nos -191,There are no associated companies or minority interests within the Group.,0,Addes_Nos -132,"The stake in GHS was acquired in August 2015, however, the requirement to account for GHS as an associate arose with effect from 23 November 2015, the date of the acquisition of Aitchesse Limited, from which date the Company ceased being an investing company and became an operating company which resulted in a reassessment of the accounting for all such equity investments.",0,Addes_Nos -146,The Federal Reserve Bank (Fed) supported economic activity by lowering its policy rate three times in 2019.,0,Addes_Nos -203,"Some companies’ emissions declined in 2020 as a result of reduced operational activity due to COVID-19, which may result in these companies appearing to make more progress towards a lower temperature alignment than would otherwise have been expected.",0,Addes_Nos -78,"More fully model our balance sheet, incorporating consideration of liabilities (and perhaps capital position) alongside our asset portfolios in each climate scenario.",0,Addes_Nos -167,"Over the course of the year, the change in the fair value of the derivative lifted earnings by EUR 6 (7) million.",0,Addes_Nos -214,British Empire Trust plc Annual Report 2015 66 NOTES TO THE FINANCIAL STATEMENTS continued 18.,0,Addes_Nos -218,The investor’s share in the associate’s profits and losses resulting from these transactions is eliminated against the carrying value of the associate.,0,Addes_Nos -149,There are no performance conditions associated with the plan.,0,Addes_Nos -61,The proportion of transaction opportunities that we followed up was unchanged at around three-quarters.,0,Addes_Nos -204,"furthermore, the funding for the polytech investment was called prior to the period end at the expense of outstanding capital commitments and the financial resources of dbag.",0,Addes_Nos -6,Our employees contribute with their personal engagement significantly to the success of our Bank.,0,Addes_Nos -106,Certain financial assets with embedded derivatives which otherwise would have to be separated.,0,Addes_Nos -117,"interest rate 0% – 1,99% Unlisted bond funds 2 34 46 NAV method 3 n. a. n. a.",0,Addes_Nos -187,"The Controller function sets the reporting timetables, performs the consolidation and aggregation processes, effects the elimination entries for inter and intra group activities, controls the period end and adjustment processes and compiles the Group financial statements.",0,Addes_Nos -199,Vesting usually continues after termination of employment in cases such as redundancy or retirement.,0,Addes_Nos -52,"Additionally, 1,962 shareholder warrants were exercised during the year at a price of 323.27p.",0,Addes_Nos -186,"HEREBY GIVEN that the 27th Annual General Meeting of Fidelity Bank Plc will be held at the Grand Banquet Hall, Civic Centre, Ozumba Mbadiwe Road, Victoria Island, Lagos State on Thursday, the 7th day of May, 2015 at 11.00 a.m.",0,Addes_Nos -180,"The market capitalisation rate has been determined by reference to actual market transactions for properties in that region, with adjustment made to reflect the particular characteristics of that property.",0,Addes_Nos -143,All of the above mentioned companies are included in the consolidated financial statements of the Group.,0,Addes_Nos -243,"Deferred tax assets and liabilities are assessed at the tax rate applicable in the fiscal year in which the asset will be realized or the liability settled, based on the tax rates (and tax regulations) that have been enacted or substantially enacted at the balance sheet date.",0,Addes_Nos -176, SCOR Global P&C Underwriting Management and Retrocession Department establishes and implements the external retrocession plan for P&C activities.,0,Addes_Nos -172,"When needed, recommendations are given to underwriters and local management.",0,Addes_Nos -82,"Persons whose remuneration is decided upon do not have a right to participate in the relevant meeting, or otherwise to participate in the process.",0,Addes_Nos -119,Short-term changes therefore ordinarily do not convey a true picture of the success of an investment.,0,Addes_Nos -197,"without the funds at its side, dbag’s opportunities to make its own investments would also be limited.",0,Addes_Nos -17,"As a result, foreign exchange positions arise only to a very small extent.",0,Addes_Nos -247," SCOR SE,  SCOR Global P&C SE,  SCOR Global Life SE,  SCOR Auber,  GIE Informatique,  SCOR Global Life Deutschland (branch),  SCOR Global P&C Deutschland (branch),  SCOR Rückversicherung AG,  SCOR Global Life Rappresentaza generale per l’Italia (branch)  SCOR Global P&C Rappresentaza generale per l’Italia (branch)  SCOR Global Life Iberica Sucursal (branch),  SCOR Global P&C Iberica Sucursal (branch),  SCOR Global Life Reinsurance UK Ltd (which became SCOR Global Life SE UK Branch) (branch),  SCOR Global Life Reinsurance Services UK Ltd,  SCOR Global Life Reinsurance Ireland Ltd,  SCOR Global P&C Ireland Ltd.",0,Addes_Nos -103,CDs and T-bills maturing in more than 12 months from date of purchase are included in “other loans maturing in more than one year”.,0,Addes_Nos -3,"These bodies ensure that a disciplined risk culture is promoted, and thus risk transparency is enhanced.",0,Addes_Nos -130,"When taking out residual debt insurance, the cap would be set at 2.5% of the insured loan amount.",0,Addes_Nos -141,"In 2013, SCOR Global Life’s gross written premiums increased by 11.1% to EUR 5,405 million compared to EUR 4,864 million in 2012 (EUR 3,620 million in 2011).",0,Addes_Nos -189,The Committee considers at each meeting an agenda that is risk based and focused on the key and emerging risks impacting our business.,0,Addes_Nos -59,"Operating capital generation is the total capital generation before tax, adjusted to exclude market movements relative to those expected under long-term assumptions and to remove other non-operating items, including shareholder restructuring and other costs as defined under adjusted operating profit before tax.",0,Addes_Nos -181,"Of the remainder, EUR 7.3 (6.0) billion was attributable to institutional third-party clients and EUR 7.7 (6.4) billion to the retail business.",0,Addes_Nos -69,Relative Carbon Footprint (also called Carbon to1) Value ratio): allocated carbon footprint per € million invested that captures the absolute impact of the portfolio per € million invested; held (total of the carbon emissions held divided by total revenues attributed to the portfolio) which assesses the efficiency of the portfolio; Carbon Intensity (also called Carbon to Revenue2) ratio): allocated carbon footprint per € million of revenues Weighted Average Carbon Intensity: arithmetical3) average carbon intensities of portfolio companies weighted by their portfolio weights which allows exposure to high emission companies to be assessed.,0,Addes_Nos -32,The Company has taken advantage of the exemption in Section 408 of the Companies Act 2006 not to present its own income statement in these financial statements.,0,Addes_Nos -55,"Supervisory law requires the Group and all its insurance and reinsurance companies to have a proper, effective business organisation in place that ensures sound, prudent business management.",0,Addes_Nos -126,"Valuation of the With-Profits Fund’s liabilities The policyholder liabilities for the Group’s With-Profits Fund are measured under FRS 27 Life Assurance, which requires the use of the realistic value of liabilities.",0,Addes_Nos -217,"The eligible person who retired from Company is entitled to additional benefits under this pension plan if he or she complies with the terms and conditions of the additional pension plan on the date of his or her departure, including a seniority of at least five years at the time of departure and obtaining the implementation of his or her pension benefits under the mandatory pension plans.",0,Addes_Nos -76,"We expect premium income in property/casualty insurance to continue to rise in Germany in 2020, albeit at a slower rate than in the reporting period.",0,Addes_Nos -96,The balance of income and expenses allocated to the insurance business and shown in the technical statement of income.,0,Addes_Nos -31,Risk oversees the application of the liquidity risk framework and adherence to the risk appetite as approved by the Executive Board.,0,Addes_Nos -131,"Post-acquisition, PPMSA is presented within fee-based revenues and operating expenses, with non-controlling interests removed to arrive at adjusted operating profit before tax.",0,Addes_Nos -65,"(ii) Total fair value movements on other capital hedges, which are solely held to optimise the Solvency II capital position.",0,Addes_Nos -18,The market risks standard approach is applied to calculate the necessary equity.,0,Addes_Nos -108,"Please refer to our Basis of Reporting for further detail on our methodology, which can be found on our website.",0,Addes_Nos -68,"Yes In the absence of business ties between Mr Jean Charest and Tikehau Capital, as the service agreement between the Company and Chardi Inc, a company of which Jean Charest is manager and shareholder, ended on 31 December 2018, the Supervisory Board considered that all the criteria set out in Article 8.5 of the AFEP-MEDEF Code were met.",0,Addes_Nos -212,I was honoured to take over as Chairman in what has been a very challenging year for the Company.,0,Addes_Nos -179,"Our strategy will target growth in specific product lines and regions, especially Asia.",0,Addes_Nos -92,Restricted Stock Unit (RSU) 2017 Plan The Board approved this plan on 7 November 2017.,0,Addes_Nos -58,SCOR will be unable to accurately predict the impact of future changes in tax law on the taxation of life insurance in the hands of policyholders.,0,Addes_Nos -2,Regular training courses on operational risks enhance the staff’s general awareness of these issues.,0,Addes_Nos -64,“Financial instruments classified at fair value through profit or loss” are structured products that are recognised using the fair value option.,0,Addes_Nos -201,It enjoys excellent road access and meets “last mile logistics” criteria.,0,Addes_Nos -7,"As Scout24 endeavours journeys into the digital future, it finds itself in a high-tech online world.",0,Addes_Nos -94,Life technical margin (2) in 2013 was 7.3% compared to 7.7% in 2012 and 8.1% in 2011 (3) .,0,Addes_Nos -170,"If the awards are accelerated, they will be subject to pro-ration and an assessment of the extent to which the performance conditions have been achieved.",0,Addes_Nos -166,"- Notes to the consolidated financial statements, Note 2 – Segment information for an analysis of principal cash flow statement items.",0,Addes_Nos -97,"In line with the growth in premiums, Swiss Life improved its operating expense ratio, thanks in particular to efficiency improvements which will be continued into 2010.",0,Addes_Nos -198,We assessed the different components of the discount rate on a portfolio level.,0,Addes_Nos -216,"Under this agreement, following completion of the acquisition of the company Sofidy, your company disbursed €212,630,522.36 over the 2018 financial year, made up of the price for acquisition of the shares of the company Sofidy of €210,143,362.50 and costs relating to this acquisition of €2,487,159.86.",0,Addes_Nos -10,The individual financial needs of our customers are in the centre of our daily activities; here we concentrate on our core areas of expertise,0,Addes_Nos -42,* Please note that this request would not be processed if the signature(s) herein differs from that which appears in the Registrar’s records.,0,Addes_Nos -66,"The company itself is not active in the operating asset management business, but rather holds a large number of major shareholdings.",0,Addes_Nos -177,Further details are set out in the Notes to the Accounts.,0,Addes_Nos -200,"companies are selected for the peer group that are comparable with the investee business to be valued as to their business model, the geographical focus of their operations as well as their size.",0,Addes_Nos -145,The Group and Company monitor their levels of working capital to ensure that they can meet debt repayments as they fall due.,0,Addes_Nos -115,The Strategic Report aims to provide Shareholders with the information to assess how the Directors have performed their duty to promote the success of the Company during the year under review.,0,Addes_Nos -225,The companies risk classification and internal controls related to the identification of loans with a heightened credit risk is central for the valuation of loans to customers.,0,Addes_Nos -157,"Financial assetsNote 2. (a) Change in the presentation of the financial statements In order to provide more consistent and more relevant financial information, the Company has decided to reclassify reversals of provisions on financial assets into net non-recurring income, effective from 1 January 2018, so as to directly show the net capital gain or loss made before tax.",0,Addes_Nos -23,Amounts due from banks Loans and interest thereon due but not yet paid are disclosed at nominal value less any value adjustments.,0,Addes_Nos -16,There is no requirement to hold capital for such risks arising from a non-trading book.,0,Addes_Nos -21,These are recorded at nominal value or acquisition cost.,0,Addes_Nos -135,DBG Advisors Expansion GmbH & Co. KG is the sole general partner of DBAG Expansion Capital Fund Konzern GmbH & Co. KG.,0,Addes_Nos -22,The discount not yet earned is deferred in the respective balance sheet position over the term of the agreement.,0,Addes_Nos -223,"It reviews the detailed components of market, credit and liquidity risk exposures of the business to ensure that such risks are monitored and assessed appropriately.",0,Addes_Nos -40,Staff Training Plans are drawn up yearly and hinged on grade specific base-line programmes.,0,Addes_Nos -104,"REGISTRATION DOCUMENT 2018 In October 2016, Tikehau Capital announced a draft agreement to total of about €700 million in assets under management.",0,Addes_Nos -93,"Therefore, revenues and earnings will be well up on the previous year.",0,Addes_Nos -107,As part of this process we understood our impact linked to home working as a new material source of carbon emissions.,0,Addes_Nos -41,"For DBAG Fund V, DBAG Fund VI and DBAG Fund VII, fees during the investment phase are based on the committed capital (DBAG Fund VI in the current financial year leading up to December 2016 and DBAG Fund VII1 since then).",0,Addes_Nos -56,"In 2000, he joined the European Leveraged Finance team.",0,Addes_Nos -48,Annual training expenditure (in thousands of euros) (4) 172.1 74.5 Excluding Sofidy and ACE Management.,0,Addes_Nos -136,Others (1) Total as of 31 December 2017Company Subsidiaries TOTAL Company Subsidiaries TOTAL Certification of accounts (excl.,0,Addes_Nos -39,"We now have a robust asset management platform with over 430 employees, working across nine countries.",0,Addes_Nos -38,"As set out in the Chairman’s Statement, it has been a challenging year for our industry and markets more generally.",0,Addes_Nos -160,"At 31 December 138 235 Regulatory provisions in relation to annuity sales practices PAC had agreed with the Financial Conduct Authority (FCA) to review annuities sold without advice after 1 July 2008 to its contract-based defined contribution pension customers, and this review is now complete.",0,Addes_Nos -110,"2013 2012 £’000 £’000 Wages and salaries 29,645 20,122 Social security costs 5,396 3,425 Compensation for loss of office 251 296 Other pension costs (see note 27d) 1,386 1,149 Share based payments 4,494 5,591 41,172 30,583 The share based payment award costs shown above include an amount of £4,099,000 (2012: £5,205,000) in respect of share-based payment transactions which are accounted for as equity-settled awards.",0,Addes_Nos -49,Our investment portfolio decreased in value by £2.2m over the year reflecting a number of write-downs in relation to our early-stage unquoted investments.,0,Addes_Nos -25,"Lease financing is recorded at the value of amortised tangible assets plus due and unpaid interest, default interest and fees.",0,Addes_Nos -122,"GROUP COMPANy 2010 2009 2010 2009 £ £ £ £ Cash at bank and in hand 291,869 309,642 6,661 284,557 Short term bank deposits - 2,207,250 - 2,207,250 291,869 2,516,892 6,661 2,491,807 23.",0,Addes_Nos -185,Allocation date: 4 July 2018 Unit value of the share on the allocation date: €24.30 corresponding to the share price on 4 July 2018 (€27.00) to which a 10% discount was applied to take into account the absence of dividend rights over the vesting period.,0,Addes_Nos -114,Net profit in 2020 fell by 13% from the previous year to CHF 1.05 billion.,0,Addes_Nos -105,Fees are accrued monthly and charged when the work has been completed.,0,Addes_Nos -33,The ordinary shares carry the right to vote and rank pari passu for dividends.,0,Addes_Nos -246,"Further, we draw attention to the fact that half of the share capital and the legal reserves is no longer covered (article 725 para.",0,Addes_Nos -195,"The Group has asked for a reconsideration of such revocation and argued that the five-year term of the ECC should not be deemed expired as the time period were the ECC was revoked by the government, and subsequently the Group was prevented from fully implementing the Mindoro Nickel Project, should not be counted towards the expiry of the ECC.",0,Addes_Nos -248,Our response during 2021 included launching a new app that makes it easier for our people to access learning tools – from anywhere and at any time.,0,Addes_Nos -208,180 homes at The Mill near Cardiff city centre – let through a combination of market rent and discounted or social rent.,0,Addes_Nos -45,"The Company may before this authority expires, make an offer or enter into an agreement which would or might require equity securities to be allotted after such expiry and the Directors may allot equity securities in pursuance of that offer or agreement as if the power conferred by this resolution had not expired.",0,Addes_Nos -229,"For instruments where fair value is determined from valuation models, the assumptions and techniques used within the models are independently validated by an independent specialist model validation group.",0,Addes_Nos -24,"Amounts due from customers As a general rule, loans are disclosed at nominal value less value adjustments.",0,Addes_Nos -121,"Nevertheless, it increased in 2016/2017: two of our new investments were not en tered into in euro terms.",0,Addes_Nos -9,We always focus on proximity to the customer and personal service.,0,Addes_Nos -188,COMPARABIL ITY WITH THE PREVIOUS YEAR 85 .,0,Addes_Nos -77,Current and deferred taxes are recognized in profit or loss except to the extent that the tax relates to items that are recognized directly in equity or other comprehensive income in which case the related tax is recognized either directly in equity or other comprehensive income accordingly.,0,Addes_Nos -99,This development offers additional growth potential for duagon in its role as a “complexity manager”.,0,Addes_Nos -109,"In addition, each Director and committee has access to the advice of the Company Secretary, Doug Allison.",0,Addes_Nos -86,"The company has identified further attractive growth areas, including special films for pharmaceutical applications and for the production of composite materials; this area should be expanded in the coming years.",0,Addes_Nos -36,The Board of Directors may determine a different ratio for the Corporate Executive Board as a whole or for the Chairman (Group CEO) or individual members of the Corporate Executive Board (discretionary decision).,0,Addes_Nos -100,"The focus on financial risk, risk exposures, risk management and strategic risk issues brings a renewed rigour to these areas at a time of uncertain markets and has afforded additional time by each Committee to opine on these important issues and agree risk mitigants and appropriate strategies.",0,Addes_Nos -112,"This mechanism, which is associated with closed-end funds, usually takes the form of securities (shares) subscribed for by the beneficiaries when the fund is set up, and confers the right to a remuneration should certain performance thresholds be exceeded when the fund is liquidated.",0,Addes_Nos -50,"We will continue to work on creating a leading fiduciary asset manager with a clear performance-driven culture, with entrepreneurship and collaboration across its global platform.",0,Addes_Nos -184,The Bank ensures that all properties and chattels pledged as collateral are properly and adequately insured with the Bank’s interest duly noted as first loss beneficiary.,0,Addes_Nos -124,"Total mandated AUM/NUM 1,539 10,265 11,804 Fiduciary Management Sales included 17 new mandate wins during the year and £274m of contributions from scheme sponsors from existing clients.",0,Addes_Nos -169," Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices) (level 2).",0,Addes_Nos -206,Swiss Life insures people and does not wish to exclude them from any relevant insurance cover because their employer falls short in terms of sustainability.,0,Addes_Nos -127,"Romaco benefits from growth drivers in the pharmaceutical market, such as a growing global population, an aging population in industrialised nations, and rising prosperity in emerging countries.",0,Addes_Nos -224,"We also challenged Group management’s assumptions of terminal value, void periods and assumptions of the renewal rents by comparing them with economic and industry forecasts.",0,Addes_Nos