Due to the unavailability of data for the full year on some of the locations included in to the environmental report, extrapolation has been done via on an estimate of the consumption missing data. Moreover, depending on the share of the surface area occupied, the information collected entails different parameters, in particular with regards to the consolidation or not of the energy consumption derived from the use of services located in private areas of the building. Where SCOR is the sole or the main tenant (i.e. more than 50% of the surface area is occupied by SCOR’s staff), the data includes the share of SCOR in the energy consumption of the private area. Below this threshold, this share is not included in the data collected.
Last but not least, besides Channel Syndicate employees who are included in this environmental report several locations surveyed include other tenants’ energy and water consumption and to a lesser extent waste production. Therefore the environmental impact of the Group is overestimated. Channel Syndicate employees and other tenants’ employees hosted by these sites account for 16.9% of the employees of the legal entities fully consolidated in the financial statements as defined in the section “Scope of environmental data collection”.
Energy consumption is expressed in kWh/m², water consumption expressed in m3/employee, and paper consumption expressed in kg/employee. For some data, the ratio takes into account the contractors and other tenants active in the premises occupied by the staff managed by the Group.
In addition, the Group consolidates these indicators and presents them expressed in tons of CO2 equivalent. This conversion of the different energy sources into greenhouse gas emissions is performed centrally on the basis of the conversion factors from the “Base Carbone®” o the French “Environment and Energy Management Agency” (Ademe) and extrapolated from the data effectively collected in each hub. The emissions calculated by the Group cover the following scope of the “Green House Gas Protocol”:  “Scope 1”: direct emissions induced by the combustion of fossil energy. From premises to premises, these emissions are generated by the consumption of fuel (heating and backup generator) and the use of a fleet of vehicles.
 “Scope 2”: indirect emissions induced by electricity consumption, steam and cooling. For most of the location surveyed, most of these emissions are induced by electricity procurement and on some locations such as Paris from urban cooling. For the calculation of the greenhouse emissions SCOR doesn’t use a discounted factor for renewable energy. Indeed, as the sources of renewable energy purchased are not always known, SCOR adopts a precautionary approach, using the emission factor resulting from the energy mix of a given country. Hence this approach tends to slightly overestimate the carbon footprint of the Group.
Employees are informed about the Group’s environmental actions through various different channels. The Group’s Code of Conduct is the primary source in terms of information and raising awareness. An entire section of the Code is devoted to the United Nations Global Compact and to the “Principles for sustainable insurance”. This information is complemented by regular communications via internal corporate media.
Quantitative information is not itemized in our budget and control monitoring system. However, besides compliance with local standards and regulation as well as the roll-out of a travel policy calling for a moderate use of transportation, SCOR dedicates proportionate means and resources to the prevention of environmental risk and pollution. As described in the chapter with regard to “SCOR’s environmental policy: general organization and main areas”, Group’s affiliate deploy environmental management systems on most of the premises where it is the sole or the main manager.
Description of the measures taken to prevent any air, water and ground pollution seriously affecting the environment
Most of the locations surveyed in 2015 reported on "paper waste" and to a lesser extent on other waste (IT & electronic, bulbs, toner, batteries, others). In 2015, sorted and recycled "paper waste" amounted to 143.5 tons. Paper recycling is a practice implemented in most of the locations surveyed. The volume of paper sorted and collected for recycling is higher than the volume of paper purchased over the year (85.6 tons). This difference is mainly due to recurring archive clean-ups and to the inclusion of other waste in the "paper waste" category such as cardboard and newspapers.
Description of the measures taken to prevent sound pollution or any other form of pollution specifically concerning the company
SCOR's offices are located in urban areas not subject to water stress. Total Group’s water consumption was 40,979 m3 in 2015 or 12.6 m3 per employee, contractor and other tenants. NB: as water consumption may be included in rental charge, it is not possible to identify the true consumption for some of the locations included in the scope of reporting. In these situations, the consumption is estimated by application of a standard ratio set out in the environmental reporting protocol (50 liters per employee and contractor per day on the basis of 220 business days). The share of water consumption estimated accounts for 18% of the quantity reported above.
The Group consumed 17.5 GWh in 2015 to operate the premises occupied by our staff (lighting, heating, cooling – including data center - power for operating various equipment). Most of the energy consumed in the Group’s premises surveyed comes from electricity (68%). Renewable energies accounted for 31% of electricity purchases.
Another major source of energy consumption is driven by business trips, in particular air travel due to the global nature of SCOR’s activities. In 2015, around 38 million of kilometers (or around 14 643 kilometers per employee) were travelled either by plane (95%) or by train (5%).
Due to the proportion of air travel in its greenhouse gas emission footprint, SCOR has extended the monitoring of air travel to cover all of its locations since 2012. Main steps taken at Group level to improve energy efficiency are described in the section “Group’s environmental policy: general organization and main areas”. These global initiatives are supplemented by local initiatives, in particular on the premises for which local teams have undergone a process of certification.
In 2015, the Group’s emissions calculated as defined in the section “environmental indicators: scope, methodology and limitations” amounted for 20,147 tons of CO2 equivalent or 7.4 tons of CO2 equivalent per employee (taking into account, as appropriate, for each emission source, the number of providers and tenants these emissions come from). Most of these emissions were driven by business transportation representing around 81% of the Group’s emissions of which air transportation accounted for 98%. The emission rate retained includes the preparatory phase (extraction, refining and transport of the fuel) and the combustion phase. With regard to transport, gases outside of the Kyoto protocol are also taken into account (mainly water vapor generated by jet engines).
(1) Coverage rate are reported against the number of employees (excluding Channel Syndicate employees) working for the legal entities fully consolidated in the financial statements. Channel Syndicate employees are included in the coverage rate
3.1 Territorial, economic and social impact of Scor’s activities In terms of employment and regional development
SCOR employs more than 2,580 persons in the world (excluding Remark, M.R.M, Rehalto, Channel Syndicate and SCOR Telemed) of which 717 persons are active in the Parisian area (France). On neighboring and local residents
3.2 Relationships with the Group’ stakeholders (*) (*) Relationships between the Group and people and organizations concerned by the company’s activities, particularly non-profit employment agencies, educational establishments, environmental protection agencies, consumer associations and neighbouring residents.
Actuaires in France, Istituto Italiano degli Attuari - Università Cattolica de Milan in Italy, Heriot Watt and CASS Universities in the UK), SCOR is making a particular effort to establish relationships with educational establishments. Particularly in France, SCOR is involved in financing establishments through the payment of an apprenticeship tax to schools or establishments operating work-study programs. Each year, SCOR welcomes apprentices and young interns who occupy technical or administrative functions. The Group’s French subsidiaries also hold sheltered workshops, designed to promote integration and employment access for disadvantaged people.
The Group or its Foundation as appropriate also contribute to the promotion of actuarial science though the actuarial awards in cooperation with local actuaries institutes both in Europe (Germany, Spain, Portugal, France, Italy, the UK, Sweden and Switzerland) and in Asia (Singapore). Besides the actuarial prizes, the Group organizes research seminars in cooperation with that kind of institutes. “Big Data and Actuarial Science” was at the hearth of the seminar jointly organized by SCOR and the French Actuarial Institute in 2015.
Additional information on some of these sponsorship and scientific partnership programs is available in Section 1.2.6.2 (“Research & development, patents and licenses”) of this document. The creation of the SCOR Corporate Foundation for Science in 2012 marked a new phase in SCOR’s commitment to scientific disciplines, and beyond this to its contribution to society as a whole. Registered in the Official Journal of Associations and Foundations in July 2012, the Foundation is supported by a Board of Directors chaired by André LevyLang. The Foundation is also supported by a very high-level interdisciplinary and international scientific board, which helps it to define its strategic priorities and to select projects to support.
The Foundation benefits from annual financial support from SCOR of EUR 1.5 million in order to support some of the eligible Group’s existing scientific research operations as well as new projects. SCOR has pledged EUR 7.5 million for the 5 years’ program of the Foundation.
The SCOR Global Risk Center set up at the end of 2010 bears witness to this desire too to develop scientific expertise and to support research in a number of disciplines, and to make SCOR’s risk knowledge and publications available to as wide a public as possible. This center, which is dedicated to disciplines concerned by risk (mathematics, actuarial, physics, chemistry, geophysics, climatology, sociology, law, economics, finance, etc.) centralizes on the one hand the publications issued or supported by SCOR through the aforementioned sponsorships and partnerships, and on the other all the resources that SCOR wishes to reference in these fields. The center uses contributions that may originate from any field, without restriction.
In France, SCOR is a supporter of the program, Ticket for Change, ever since its founding year in 2014 through its financial contribution and its supply of volunteers. This initiative, renewed in 2015 and which consists of encouraging young people to be entrepreneurs and agents of change, received the Google Impact Challenge price its second year. Aside from providing financial support, SCOR employees are encouraged to become personally involved by providing mentorship to young people in the process of developing their project. Furthermore, SCOR has decided to financially support one of the projects developed during the first year. “Stagiaires sans frontières,” offers an innovative concept that proposes internships divided between a private company and a non-for-profit organization. Aside from providing financial support, SCOR also accepted to hire interns working within this framework. In 2015, three interns were able to divide their time between SCOR and two organizations: the Red Cross and Siel blue.
3.3 Outsourcing an suppliers Consideration of societal and environmental challenges in the purchasing policy
Any employee who deals with a supplier must, before concluding a contractual partnership, ensure that such supplier gives an undertaking to comply with the requirements of the Code of Conduct established by the SCOR Group (or a commitment from the company that it respects equivalent requirements). The framework agreement developed by the Group’s legal department, which must be used by the Group’s various different components, thus contains a specific section on the Code of Conduct. This framework agreement also contains an appendix, the sustainable development charter, which begins with a reminder of SCOR’s adherence to the principles of the United Nations Global Compact, and sets out the Group’s expectations with regard to its suppliers and subcontractors in the fields of labor relations,
SCOR has in place a group anti-bribery policy which stipulates explicitly a zero-tolerance policy with respect to giving and receiving of bribery, including making of illegal facilitation payments and gives guidance on prohibitions, key principles and requirements regarding (i) gifts, entertainment and hospitality, (ii) dealing with business partners, (iii) interacting with public officials, (iv) charitable and political contributions and sponsorships, (v) payments and financial controls. The policy in question also highlights do's and don'ts and red flags requiring that the General Counsel or Compliance Officer is to be contacted in case such red flags are identified and also outlines the roles and responsibilities of SCOR's control functions to combat bribery.
To embed the Group Compliance Policy and other legal & compliance requirements (e.g. anti-fraud, anti-bribery, antimoney laundering and sanctions compliance, anti-trust/competition law) and latest developments in those areas into the organization, training sessions targeted for underwriters, claims and accounting staff were also held during 2015 in the Hubs.
3.5 Human rights (*) (*) Other actions taken in support of human rights
In anticipation of the next European regulation, SCOR has appointed a Data Protection Officer (DPO), in charge of personal data protection. The Group’s four Societas Europae (SCOR SE, SCOR Global P&C SE, SCOR Global Life SE and SCOR Global Investments SE), have designated this DPO as an expert correspondent, both for the management
team of SCOR in terms of its contact with the French Data Protection Authority (Commission nationale de l’informatique et des libertés or CNIL) and for those responsible for implementing data processing within the Group. The DPO independently monitors compliance with the law and is responsible:  For updating a list of processed data and the accessibility of this list;  For spreading a culture of data protection;  For providing information to, advising and making recommendations to those responsible for data processing;  For sounding any alarms as necessary;  For mediation and coordination in terms of informing people of their rights regarding access, rectification and opposition.
4 STATUTORY AUDITOR’S REPORT ON THE REVIEW OF SCOR SE SELECTED ENVIRONMENTAL AND SOCIAL INDICATORS Report by the independent third party, on the consolidated human resources, environmental and social information included in the management report This is a free English translation of the Statutory Auditors’ report issued in French and is provided solely for the convenience of English-speaking readers. This report should be read in conjunction with, and construed in accordance with, French law and professional standards applicable in France.
In our capacity as independent third-party, certified by COFRAC under the number 3-1058 (1) and member of Mazars’ network, SCOR SE’s Statutory Auditor, we hereby report to you on the consolidated human resources, environmental and social information for the year ended December 31, 2015, included in the management report (hereinafter named “CSR Information”), pursuant to article L.225-102-1 of the French Commercial Code (Code de commerce).
Our independence is defined by regulatory texts, the French Code of ethics (code de déontologie) of our profession and the requirement of article L. 822-11 of the French Commercial Code. In addition, we have implemented a system of quality control including documented policies and procedures regarding compliance with the ethical requirements, professional standards and applicable legal and regulatory requirements.
Our work involved 6 persons and was conducted between end of September 2015 and beginning of February 2016 during a 4-week intervention period.
On the basis of interviews with the individuals in charge of the relevant departments, we obtained an understanding of the Company’s sustainability strategy regarding human resources and environmental impacts of its activities and its social commitments and, where applicable, any actions or programmes arising from them. We compared the CSR Information presented in the management report with the list provided in article R.225-105-1 of the French Commercial Code.
For any consolidated information that is not disclosed, we verified that explanations were provided in accordance with article R.225-105, paragraph 3 of the French Commercial Code.
We conducted about ten interviews with the persons responsible for preparing the CSR Information in the departments in charge of collecting the information and, where appropriate, responsible for internal control and risk management procedures, in order to:  Assess the suitability of the Guidelines in terms of their relevance, completeness, reliability, neutrality and understandability, and taking into account industry best practices where appropriate ;  Verify the implementation of data-collection, compilation, processing and control process to reach completeness and consistency of the CSR Information and obtain an understanding of the internal control and risk management procedures used to prepare the CSR Information.
For the remaining consolidated CSR Information, we assessed its consistency based on our understanding of the company.
information and internal control systems, the risk of not detecting a material misstatement in the CSR information cannot be totally eliminated.
An actuarial “best estimate" refers to the expected value of future potential cash-flows (probability weighted average of distributional outcomes) related to prior underwritten business. Best estimates are based upon available current and reliable information and take into consideration the characteristics of the underlying portfolio.
The amount of capital needed in order to protect the required capital, so that it (the required capital) cannot be eroded with a probability higher than 3%.
The capital shield policy articulates the Group’s risk appetite. This policy is based on an economic approach and aims to protect the Group against potential shock losses, some of which are not immediately recognized from a pure accounting view. The policy builds on the following four concepts: traditional retrocession, capital market solution, capital buffer and contingent capital.
Defined under IAS 12 as amounts of income tax recoverable in future accounting periods due to temporary difference or Net Operating Losses (NOL) carry forward.
Enterprise Risk Management is a process, deployed by an entity's Board of Directors, CEO, management and other personnel, applied in strategy setting and across the enterprise, designed to identify potential events that may affect the entity, and manage risks to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives.
Financial instruments whose values are driven by insurance loss events. Such instruments that are linked to property losses due to natural catastrophes represent a unique asset class, whose return is uncorrelated with that of the general financial market.
Collective term for the lines of business in connection with the insurance of persons, i.e. life, pension, health, critical illness, long-term care and personal accident insurance.
PERILS provides index values which can be used in industry-loss-based ILS transactions. The underlying data for the index is thereby directly collected from insurance companies underwriting property business in the affected areas and is processed in a standardized procedure to estimate industry-wide insured losses, which then form the basis of the PERILS index service.
Reserve for claims reported but not yet settled. These are estimated by ceding companies and communicated to the reinsurer.
The maximum amount that an insurance or reinsurance company can underwrite. The limit is generally determined by the company’s retained earnings and investment capital. Reinsurance serves to increase a company’s underwriting capacity by reducing its exposure to particular risks. For the Lloyds, amount of gross written premiums net of acquisition costs underwritten by the Group through its investments in Lloyd's Syndicates.
This refers to life reinsurance portfolios acquired in a business combination. It is calculated as the present value of the stream of expected future cash flows including estimates of the future technical results, the future investment income less future administration expenses. The present value calculation is based on assumptions and risk discount factors relevant at the date of acquisition. VOBA is amortized over the lifetime of the underlying reinsurance portfolio and is subject to impairment testing as part of the LAT.
APPENDIX F: ADDITIONAL INFORMATION RELATING TO THE MANAGEMENT REPORT OF THE COMPANY AND THE GROUP – TABLE OF COMPLIANCE In accordance with the AMF Guide d’élaboration des documents de référence up-dated as at April 13, 2015, statements and information pertaining to the management report on the Company’s and on the Group’s activities in 2015, as approved by the Board of Directors on February 23, 2016 (the “Report”), are included and presented in the Registration Document 2015 which will be submitted as such to the Shareholders’ Meeting convened to approve the financial statements of the financial year ended on December 31, 2015. Therefore, the Registration Document’s sections referred to in the table of compliance set forth under Section 7 hereafter, are fully incorporated to this Report of which they are deemed to be an integral part.
of the French commercial Code;  To the 2015 stock option plans and stock purchase plans; and  To the 2015 free shares allocation plans, are presented in separate reports of the Board of Directors.
1.1 Year 2015 1.1.1 OPERATING AND FINANCIAL REVIEW OF SCOR SE IN 2015
The shareholders' equity of SCOR SE amounts to EUR 3,375,383,303 and other equities amount to EUR 1,768,497,364. The debts amount to EUR 1,083,487,753 including other loans of EUR 874,828,287. The net amount of reinsurance reserves rise to EUR 3,404,786,191.
The reinsurance result of SCOR SE as at December 31, 2015, is EUR 108,979,740 while the financial result is EUR 859,432,001. SCOR SE’s net income is EUR 844,190,859 in 2015.
Pursuant to the provisions of Article L. 441-6-1 of the French commercial Code, specific situations excepted (as, notably, litigations on invoices received), the suppliers’ invoices are paid upon receipt or 30-days from the end of the month.
None of the expenses referred to in paragraph 5 of Article 39 of the French general tax Code are considered as nondeductible for tax income 2015.
a) Turnover without taxes 1,748 b) Net Profit before taxes, depreciations and reserves 802 d) Net Profit after taxes, depreciations and reserves 844
III. - Profit and loss per share: a) Net Profit after taxes, and before depreciations and reserves 4.16 1.25 1.03 0.34 b) Net Profit after taxes, depreciations and reserves 4.38
EUR 1.40 EUR 1.30 EUR 1.20 Amount eligible for the deduction allowance specified by Article 158-3 of the French General Tax Code
3 SOCIAL IMPACT OF SCOR’S ACTIVITY Refer to Appendix D – Social and environmental information 4 ENVIRONMENTAL IMPACT OF SCOR’S ACTIVITY Refer to Appendix D – Social and environmental information 5 INFORMATION RELATED TO SOCIETAL COMMITMENTS IN SUPPORT OF SUSTAINABLE DEVELOPMENT Refer to Appendix D – Social and environmental information 6 RELATED PARTY AGREEMENTS Refer to section 2.3.2 – Related party transactions and regulated agreements.
7 ADDITIONAL INFORMATION RELATING TO THE MANAGEMENT REPORT OF THE COMPANY AND THE GROUP – TABLE OF COMPLIANCE The information and statements are fully incorporated into this Report, of which they are integral part, set forth in the various sections of the Registration Document referred to in the table of compliance below: MANAGEMENT REPORT REGISTRATION DOCUMENT
Board of Directors - List of the other functions and offices held by the Board Members in 2015 Section 2.1.2 - Delegation of competences / powers granted to the Board Section 2.3.1
Compensation and benefits granted to SCOR SE’s officers and executives in 2015 Sections 2.2.1, 2.2.2 and 2.2.3
Recent development and prospects Section 1.3.3, 1.3.4, 1.3.5 and Appendix C-5.3.9 Note 16
Subsidiaries’ business overview in 2015 Sections 1.2.3, 1.2.5, 1.3.1, 1.3.5, 1.3.6, 1.3.9 and Appendix C - 5.2.1
REPORT OF THE CHAIRMAN OF THE BOARD OF DIRECTORS Appendix A
(1) The Company did not hold any cross shareholding in 2015
HEADINGS AS LISTED BY THE APPENDIX 1 OF THE EUROPEAN COMMISSION REGULATION N°809/2004
1 Person responsible 1.1 Name and title of person responsible Appendix B Person responsible for the Annual Report 248 1.2 Declaration by person responsible Appendix B Person responsible for the Annual Report 248 2 Statutory Auditors 2.1 Auditors 4.8 Statutory auditors 219 2.2 Resignation or non-renewal of Auditors 4.8 Statutory auditors 219 3 Selected financial information 1.1 Selected financial information 4 to 7 4 Risk factors 3 Risk factors 115 to 142 5 Information about the issuer 5.1 History and development of the issuer 1.2.1 & 1.2.2 Introduction & History and development of the SCOR
5.2 Investments 1.2.6 SCOR investments in tangible and intangible assets 22 to 25 6 Business overview 6.1 Primary activities 1.2.5 Business overview 14 to 22 6.2 Principal markets 1.3.1 & 1.3.2 Reinsurance market developments & Financial market 6.3 Extraordinary events influencing the principal business and markets 1.3.4 Information on SCOR competitive position 27 to 27 6.4 Dependency of the issuer with respect to patents or licenses, industrial, commercial or financial contracts and new manufacturing processes 6.5 Information on SCOR’s competitive position 1.3.4 Information on SCOR competitive position 27 to 27 7 Organizational structure 7.1 Brief description of the Group and of the position of the issuer 1.2.3 Organizational structure of the SCOR Group 11 7.2 List of issuer’s significant subsidiaries 1.2.3 Organizational structure of the SCOR Group 11 8 Property, plant and equipment 8.1 Major existing or planned property, plant and equipment 1.2.6 SCOR investments in tangible and intangible assets 22 to 25 8.2 Environmental issues that may affect the utilization of property, plant and equipment 1.2.6 SCOR investments in tangible and intangible assets 22 to 25 9 Operating and financial review 9.1 Financial position 1.3.6 Financial position, liquidity and capital resources 37 to 38 9.2 Operating results 1.3.5 Revenues & earnings summary 27 to 37 10 Capital resources 10.1 Capital 1.3.6 Financial position, liquidity and capital resources 37 to 38 10.2 Cash flow 1.3.8 Cash Flows 39 10.3 Borrowing conditions and financing structure 1.3.6 Financial position, liquidity and capital resources 37 to 38 10.4 Restrictions on the use of capital 1.3.6 Financial position, liquidity and capital resources 37 to 38 10.5 Sources of financing relating to the future investments by the company and to its property, plant and equipment 1.3.6 Financial position, liquidity and capital resources 37 to 38 11 Research and development, patents and licenses 11.1 Research and development activities 1.2.6 SCOR investments in tangible and intangible assets 22 to 25 11.2 Information technologies 1.2.6 SCOR investments in tangible and intangible assets 22 to 25 12 Trend information 12.1 Most significant trends in production, sales, inventory, costs, and selling prices since the end of the last financial year 1.3.4 & 1.3.5 Information on SCOR competitive position & Revenues and earnings summary 27 to 37 12.2 Known trends, uncertainties, demands, commitments and events reasonably likely to have a material effect on the issuer’s prospects 1.3.4 & 1.3.5 Information on SCOR competitive position & Revenues and earnings summary 13 Profit forecasts or estimates N/A N/A N/A
14 Administrative and management bodies 14.1 Information on the members of the Board of Directors and
14.2 Administrative, management, and supervisory bodies and Senior Management conflicts of interest 2.1.2 Board of Directors 45 to 64 15 Remuneration and benefits 15.1 Amount of remuneration paid and benefits in-kind 2.2.1 to 2.2.3 Remuneration of the Executive Corporate Officer and
Directors to Stock options and performance shares 70 to 98 15.2 Total amounts set aside or accrued to provide pension, retirement, or similar benefits for financial year 2014 2.2.1 Remuneration of the Executive Corporate Officer and Directors 16 Board practices 16.1 Date of expiration of the current term of office 2.1.2 Board of Directors 45 to 64 16.2 Information on service contracts of members of
Administrative and senior officers 2.1.2 Board of Directors 45 to 64 16.3 Information on the Audit Committee and the Compensation and Nomination Committee 2.1.3 Board of Directors’ Committees 64 to 67 16.4 Corporate governance regime 2.1.1 Corporate governance regime 44 17 Employees 17.1 Number of employees 2.1.5 Employees 69 to 70 17.2 Information on shareholdings and stock options or Company stock purchases by members of Administrative and Management bodies 2.2.3 Stock options and performance shares 83 to 98 17.3 Plans providing employee participation in Company 2.2.3 Stock options and performance shares 83 to 98 18 Principal shareholders 18.1 Significant shareholders known to SCOR 2.3.1 Capital ownership 99 to 106 18.2 Negative statement as to the absence of differences between the voting rights of various shareholders 2.3.1 Capital ownership 99 to 106 18.3 Direct or indirect control by one shareholder 2.3.1 Capital ownership 99 to 106 18.4 Agreement which could result in a subsequent change in control 2.3.1 Capital ownership 99 to 106 19 Related party transactions 19.1 Related party transactions 2.3.2 Related party transactions 106 19.2 Regulated agreements 2.3.2 Related party transactions 106 19.3 Special report of the auditors on regulated agreements and commitments 2.3.3 Special report of the auditors on regulated agreements and commitments 106 to 115 20 Financial information concerning the issuer’s assets and liabilities, financial position and profits and losses 20.1 Historical financial information: consolidated financial statements 4 Consolidated financial statements 145 to 224 20.2 Pro forma financial information N/A N/A N/A 20.3 Financial statements 4 Consolidated financial statements 145 to 224 20.4 Auditing of historical consolidated financial information 4.9 Report of the Statutory Auditors on the Consolidated
Financial Statements 220 to 224 20.5 Date of most recently audited financial information 4.9 Report of the Statutory Auditors on the Consolidated Financial Statements 20.6 Interim and other financial information N/A N/A N/A 20.7 Dividend distribution policy 1.1.3 Dividend distribution policy 6 to 7 20.8 Litigation and arbitration procedures 4.6.27 Notes to the consolidated financial statements - Note 27 216 to 217 20.9 Material change in financial or commercial situation 4.6.28 Notes to the consolidated financial statements - Note 28 217 21 Additional information 21.1 Share capital 5.2 Description of SCOR share capital 231 to 232 21.2 Charter and Bylaws 5.1 Charter and Bylaws 224 to 231 22 Material contracts N/A N/A
23 Third-party information and statements by experts and declarations of any interest 23.1 Expert’s report 5.3.1 Expert’s reports 232 23.2 Information from third parties 5.3.2 Information from third parties 232 24 Documents on display 1.3.11 Documents on display 42 25 Information on holdings 4.7 Information on holdings 218
MANAGEMENT REPORT APPENDIX F 309 to 312 Review of the parent company’s and consolidated group’s profit or loss, financial position, main risks and uncertainties, and share issue authorizations (Articles L.225-100 and L.225-100-2 of the French Commercial Code)
Information about items that could affect a public offer, as required by Article L.225-100-3 of the French Commercial Code