Voltalia includes a purpose in its articles of incorporation
Voltalia SA
Voltalia (Euronext Paris, ISIN code: FR0011995588), an international player in renewable energies, has included a purpose -Improve global environment, foster local development- in its articles of incorporation, reaffirming what was its former "mission". Voltalia is thus taking the first step in a process which could lead to becoming a "company with a mission", within the May 2019 French « PACTE Law » framework. "In this period of health crisis, we see more than ever that each company must make its contribution in solving environmental and social issues. The inclusion of a purpose in our articles of incorporation comes naturally since it has already been guiding our strategy for many years." comments Sébastien Clerc, CEO of Voltalia. A strong purpose More than five years ago and after a co-construction process that involved all employees, Voltalia defined a mission which is carried out every day in each country by all employees. This mission, which today establishes itself naturally as Voltalia's purpose has two objectives:
A concrete translation in Voltalia's strategy and practices Voltalia's strategy and the actual way each Voltalian is carrying out its activities are consistent with this mission, which is now its purpose:
Going further by qualifying as a « company with a mission » The French "PACTE law" voted in May 2019 allows volunteering companies to set in stone their purpose in their articles of incorporation. This has now been done by decision of the General Meeting of May 13, 2020. This event is not the end of the journey. The process will continue with discussions to be held with all Voltalia employees, its Board of Directors and other stakeholders with a view to drawing up precise commitments that would allow different dimensions of the company's purpose to be developed. In the future, these commitments could be proposed to the shareholders for inclusion in Voltalia's articles of association in order to become a "company with a mission".
Next on the agenda: Q2 2020 Revenues July 21, 2020 (after market close)
About Voltalia (www.voltalia.com) Voltalia is an international player in the renewable energy sector. The Group produces and sells electricity generated from wind, solar, hydraulic, biomass and storage facilities that it owns and operates. Voltalia has generating capacity in operation and under construction of more than 1.2 GW and a portfolio of projects under development representing total capacity of 7.8 GW. Voltalia is also a service provider and supports its investor clients in renewable energy projects during all phases, from design to operation and maintenance. As a pioneer in the corporate market, Voltalia provides a global offer to private companies, ranging from the supply of green electricity and energy efficiency services to the local production of their own electricity. The Group has 791 employees and is present in 20 countries on 4 continents and is able to act worldwide on behalf of its clients. Voltalia is listed on the regulated market of Euronext Paris, compartment B (FR0011995588 - VLTSA) and is part of the Enternext Tech 40 and CAC Mid & Small indices. The Group is also included in the Gaïa-Index, an index for socially responsible midcaps.
[1] Of which 1.2 gigawatts currently held by Voltalia (0.7 gigawatts in operation plus 0.5 gigawatts under construction), the balance having been developed and built on behalf of partners [2] Long-term sales agreement directly linking the producer, Voltalia, to the final energy consumer, namely SNCF, Crédit Mutuel and Boulanger. See press releases of May 21, June 26, and December 4, 2019 Regulatory filing PDF file Document title: pdf-VEN Document: https://eqs-cockpit.com/c/fncls.ssp?u=YFEXIHHTFL |
Language: | English |
Company: | Voltalia SA |
84 boulevard de Sébastopol | |
75003 Paris | |
France | |
E-mail: | [email protected] |
Internet: | www.voltalia.com |
ISIN: | FR0011995588 |
Euronext Ticker: | VLTSA |
AMF Category: | Inside information / Other releases |
EQS News ID: | 1044377 |
End of Announcement | EQS News Service |
1044377 14-May-2020 CET/CEST