In 2022, faced with the conflict in Ukraine, the Executive Committee came together to take appropriate action to protect employees in Ukraine, support refugees and monitor operations in Russia, which ultimately led to the decision to transfer, in a responsible and orderly manner, its activities in Russia to the local management team in the form of an MBO.(1) In addition, the Executive Committee closely followed major global upheavals (the energy crisis in Europe, high levels of inflation, the fight against climate change in particular in Europe and the United States, etc.) to adapt how it carried out its operations.
On a strategic level, in March 2022, in an uncertain global context, the Executive Committee launched ADVANCE, the new strategic program for 2025, confirming its confidence in the Group’s ability to cope with crises. It has worked on implementing this program across its regions and activities, all while continuing to apply the Group’s Sustainable Development objectives.
(1) Management buy out: the purchase of a company by its managers.
