Bureau Veritas wants to become a leader in the development of recommendations and reports of ESG, AG

“I usually start by presenting the highlights of the previous year, but that would not be enough to describe the world we have entered. “Aldo Cardoso, Chairman of the Board of Directors of Bureau Veritas, told the shareholders, opening the general meeting of the group, which took place on Friday. Health crisis, war in Ukraine, imprisonment in China. These are all events that marked the beginning of the testing, inspection and certification specialist’s activities, thanks to his international presence and the many sectors in which he works. But ” what stability! “, Congratulated the President, thanking his 82 thousand employees.

In 2021, Bureau Veritas boasts a very satisfactory financial year. During the year, its revenue of almost 5 billion euros increased by 9.4%, and net debt is the lowest since the IPO in 2007. Francois Chabas, vice president of the company’s chief financial officer, said the bills could have been even higher if the group had not been cyberattacked last November. It. But it still recorded double-digit organic growth in three of the six business sectors compared to the previous year: + 15.7% for consumer goods, + 15.4% for certification, + 11.8% for buildings and infrastructure. It should be noted that renewable energy activities have now outperformed oil activities in terms of turnover, and that sustainable development solutions, including the Solution Clarity program, which allows ” avoid green flushing “, Account for 50% of sales, said Francois Shaba.

The future leader of ESG?

An important point for the group, which emphasizes its non-financial results. Didier Misho-Daniel, the company’s managing director, insisted: ” Our ambition is to become the leader of ESG Last February, the company received the Golden Grade Award from S&P Global, which rewards sustainable and successful companies. supply chains.

Registration of its activity at the heart of modern aspirations “themselves” at the core of your business “, the group has no choice but to” be exemplary internally Said Aldo Cardoso. In terms of management in particular. One of the resolutions concerned the resumption of the work of Didier Misho-Daniel until the next general meeting in 2023. At the end of this meeting, the main role will be played by Hinda Garbi, who cut her teeth at Schlumberger. ” This is a transition that we are organizing “, – adds the president, satisfied with the parity represented in his board of directors.

Stay disciplined

In terms of prospects, management remains cautious. While there is room for growth, escalating geopolitical tensions or tight quarantine could slow business. And uncertainty about the health situation in China does not help. ” We are very prone to economic cycles, so we remain extremely disciplined “, – emphasizes Aldo Cardoso.

All resolutions concerning the confirmation of accounts, remuneration and approval of directors, as well as share repurchase programs have been very widely adopted. The only downside to the CEO’s reward, he voted with only 70%. Shareholders will be paid a dividend of 53 eurocents per share, which is 47% more than in the previous year.