AFD - 2018 Registration document

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STATEMENT OF NON-FINANCIAL PERFORMANCE

Ameaningful work environment

2.8.3 Employee dialogue and social relations Employee social dialogue is a cornerstone of AFD Group’s policy and a driver of fairness, cohesion and commitment amongst employees. Accordingly, the Group has adopted various systems to address the risks inherent in employment practices, the lack of internal dialogue on social issues, and psychosocial risks. AFD’s human resources policy focuses on a more inclusive employee dialogue; the corporate social responsibility policy (1) adopted by the AFD Board of Directors in 2018 undertakes to strengthen the dialogue with all Group stakeholders, and to ensure the harmonised management of human resources. Four key principles underpin employee dialogue within AFD Group: i) a constructive dialogue between management and personnel representatives, ii) compliance with each person’s rights, iii) professionalism in negotiations, and iv) the anticipation of social issues. Accordingly, major changes planned within the Group are subject to negotiations with trade unions and procedures for informing and/or consulting with personnel representative bodies. AFD does not have a collective agreement. Labour contracts for AFD employees under French law are governed by staff regulations unique to each institution. Employees recruited in local offices abroad have an employment contract governed by staff regulations and must comply with the legal provisions that apply locally. 2.8.3.1 Structure for employee dialogue, including procedures for informing, consulting and negotiating with employees Professional elections were held in May 2018 to establish new personnel representative bodies based on the Macron Ordinances.

As such, employee representation is now organised as follows: P a head office Social and Economic Committee and five local Social and Economic Committees for the French Overseas Departments collectively represent employees for all matters related to the company’s management, economic and financial development, organisation and working conditions, vocational training and social protection. Moreover, they organise social and cultural activities established within the company. The Social and Economic Committees also work to ensure the protection and safety of employees, to improve working conditions, and to gather and present to the company all individual and collective employee claims on the application of laws and bylaws; P a Central Social and Economic Committee holds twice-yearly ordinary session meetings that bring together representatives from the six committees and handles financial and economic initiatives that affect all employees governed by French law. It may also be required to handle matters related to health, safety and working conditions at the central level; P a Group committee , which meets annually, brings together personnel representatives of AFD and its subsidiaries. Created in 2017, the committee representing AFD employees in foreign countries brings together personnel representatives working in AFD or Proparco agencies/offices abroad, whether employees governed by local law (permanent or temporary contract) or service providers (in countries where social legislation does not allow direct employment by the agency). Its creation is consistent with AFD’s corporate social responsibility commitments. The first elections were held in February 2018, and the committee met for the first time in March 2018 at the AFD head office in Paris.

❙ A review of collective agreements signed in 2018:

28/02/2018 Notification of disapproval Negotiation on remuneration, working hours, and the sharing of added value in 2018 (head office) 28/06/2018 Agreement on profit sharing for the 2018, 2019 and 2020 financial years 01/08/2018 Notification of disapproval Negotiation on remuneration, working hours, and the sharing of added value in 2018 (French Overseas Departments) Employment negotiations with bodies representing Group personnel during 2018 focused mainly on reviewing salaries (Mandatory Annual Negotiations) and profit sharing. Negotiations were also initiated during the second half-year on various issues: operation of the bodies, disabilities, quality of life at work, and property loans.

(1) https://www.afd.fr/fr/politique-de-responsabilite-societale-du-groupe-afd-2018-2022

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REGISTRATION DOCUMENT 2018