Since the last decade, digital has been developing very strongly on the one hand in the product cycle (in design, production or in operation/maintenance in operational conditions), and on the other hand in the client relationship (web and mobile, user experience/user interface). Uncertainties related to geopolitics or the outlook for the world economy have had a relatively small effect on R&D investment, which will continue to grow at a high rate (+5% per year by 2027). Generative AI is still in its early stages of operational use, but is nevertheless one of the themes driving growth in the market (along with cybersecurity, data, AI/machine learning and digital twins).

In France, according to Pierre Audoin Conseil (PAC), the expected evolution of the ETC (Engineering and Technology Consulting) market accessible to ALTEN is summarised in the following table:

An offering covering all technological Engineering & IT Services projects.

The ALTEN Group is involved in all projects with a technological dimension for the Technical, Research & Development Divisions and Information Systems Divisions of major corporate, telecoms and service clients, requiring the involvement of high-level Consultant-Engineers.

This strategic positioning is based on:

• 1 .two business lines:

• ●Engineering,
• ●IT Services; 

• 2 .engineer-level offerings that cover all technological Engineering and IT Services projects:

• ●Core business ALTEN offering,
• ●specific offerings, via our subsidiaries specialised in Consulting and Expertise:
  • –Consulting:
    • –MI-GSO | PCUBED, CORTAC, META PM
    • PMO and Change Management Consulting,
    • –AVENIR CONSEIL, QUICK RELEASE
    • Consulting and Training in PLM Management and PDM,
    • –OPTIMISSA, NEXEO
    • IT Consulting in Market Finance;
  • –Expertise:
    • –LINCOLN, SDG GROUP
    • Data Science – BI,
    • –AIXIAL
    • Life Sciences: CRO and Clinical Operations,
    • –CADUCEUM
    • Life Sciences: Quality and Manufacturing,
    • –ATEXIS
    • Client Support and MCO,
    • –WAFER SPACE, SI2Chip,
    • VLSI – Chip & MicroChip design,
    • –AFOUR, VOLANSYS
    • Product engineering,
    • –ICONEC
    • Telecom architecture,
    • –QUALITANCE
    • Software development,
    • –METHODS
    • Cloud architectures and digital transformation,
    • –ANOTECH
    • Design office – Infrastructure – Operations 
    • – Oil & Gas,
    • –QA CONSULTANTS
    • Software testing.

ALTEN’s historical core business is Engineering and has been recognised for more than 35 years as the benchmark technological partner of major clients within the industry. The Group has developed its complementary and historical positioning in IT Services to provide high added value technological responses on:

• ●end-to-end control of the application lifespan;
• ●software testing;
• ●data management and valuation;
• ●infrastructures and networks;
• ●migration to Cloud, data protection and Cybersecurity;
• ●integration of third-party software, such as ERP, CRM or PLM tools;
• ●training in IT methods and business lines. The ALTEN Academy, deployed in several of the Group’s countries, offers international certification courses: ISTQB, IREB, IQBBA, SAFe, Scrum.org, ITIL and PMI.

ALTEN has a technical organisation recognised worldwide for its excellence.

ALTEN’s project management methodologies are assessed at Capability Maturity Model & Integration (CMMI) level 3.

[GRI 102-2] [GRI 102-6]

The main business sectors in which the ALTEN Group operates are described in page 64 page and following of this Document.

The tables below supplement this information.

[GRI 102-4]

ALTEN SA is the parent company of the ALTEN Group. ALTEN SA conducts both operational activities and operational holding activities for the Group. It conducts the following activities as part of its parent-subsidiary relationship with Group subsidiaries:

• ●management and strategy consultancy;
• ●communication and marketing;
• ●finance (accounting, management control, cash management, taxation, etc.);
• ●legal (company law, contracts, dispute resolution, labour law, claims, mergers and acquisitions, etc.);
• ●internal development (recruitment and training of Sales Managers, etc.);
• ●administration and human resource management (career management, payroll, employee relations, etc.);
• ●computing (IT Systems and Networks/Telecoms);
• ●purchases (policy, invitations to tender, negotiations);
• ●general resources, management of premises (logistics, care, maintenance, etc.).

The subsidiaries are billed for these services in line with the transfer pricing policy implemented within the Group.

ALTEN SA has formed a central corporate treasury within the Group through its subsidiary, ALTEN CASH MANAGEMENT.

ALTEN SA also allows some of its subsidiaries to benefit from major client referrals.

At 31 December 2023, the ALTEN Group was composed of just over 200 subsidiaries located in Europe, North and South America, Asia, Africa and the Middle East.

The list of the main subsidiaries is presented  in section 3.1/List of the companies in the scope of consolidation on page 219 of this Document.

ALTEN has implemented a risk management framework on both a Group and annual mapping of major risks and a review of its main processes.

The purpose of this framework is to allow Group Management to maintain risks at an acceptable level, thus preserving the Group’s reputation and value of its assets.

In particular, the risk management framework deployed within ALTEN includes:

• ●a continuous steering of the risk management framework led by the Group Risk and Compliance Department;
• ●a risk management process for the identification, analysis and treatment of risks;
• ●a network of Group Risk Referents selected for their business expertise (e.g. Finance Department for financial category risks).

Step 1: local mapping of major risks (risk identification and assessment performed by all subsidiaries and corporate departments for their own respective scope).

Step 2: consolidation of local mappings by the Group Risk and Compliance Department.

Step 3: Group’s major risks mapping conducted by the Group Risk and Compliance Department with the support of the Group Risk Referents. The analysis is carried out based on the local mappings and the business expertise of the Risk Referents.

Step 4: validation by General Management of the Group’s major risks mapping along with the summary of the main risks that are intended to be included in the Universal registration document.

Step 5: approval by the Audit Committee of the Board of Directors of the Group’s major risk mapping.

The table below highlights the Group’s main risks on the date of filing this Universal registration document.

These risks are classified by category and ranked according to their priority area. As described in Section 2.1.2.1 “Risk assessment”, the risk priority area results from its criticality (obtained with the probability of occurrence and the level of negative impact) combined with the level of control by ALTEN.

Risk factors and associated prevention and management measures are described below in Section 2.3 “Risk factors and risk management”.

The Group’s major risk mapping exercise carried out in 2023 showed that the level of exposure and control of the main Group risks identified in 2022 had stabilised.

[GRI 102-11]

The Group’s insurance policy is associated with a strong initiative to prevent and protect against risks. All Group companies are insured through top-ranking insurance companies for all major risks that could significantly impact their business, results or assets.

The main risks insured are those related to:

• ●liability (contractual and extracontractual) for damage caused to third parties;
• ●damage suffered by the Group such as property damages and business interruptions.

The risk management and internal control systems contribute to the control of the Group’s activities. The Group relies on the reference framework and its application guide published by the French Financial Markets Authority (AMF - Autorité des Marchés Financiers).

The internal control and risk management framework is defined in the Group as a process implemented by the General Management and all employees to provide reasonable assurance on:

• ●the compliance with laws and regulations;
• ●the prevention and detection of fraud and errors;
• ●the implementation of guidelines and strategies set by General Management;
• ●the optimisation of operational activities;
• ●the proper functioning of the Group’s internal processes, especially those affecting the protection of its assets;
• ●the reliability and quality of information used within the Group and disseminated externally;
• ●generally, the control of its activities, the efficiency of its operations and the effective use of its resources.

The Group ensures that this framework is applied to all of its subsidiaries, i.e. ALTEN SA and all companies consolidated using the full consolidation method. Recently acquired companies or groups of companies are gradually integrated into the risk management and internal control framework.

One of the objectives of the internal control framework is to prevent and limit all risks resulting from the Group’s activities, particularly accounting, financial, operational, strategic and compliance risks. However, it cannot provide an absolute guarantee that objectives will be achieved or that the risks, whose likelihood of occurrence and potential impact it seeks to reduce, will be eliminated.

ALTEN SA (hereinafter the “Company” or "ALTEN") refers to the recommendations of the Middlenext Corporate Governance Code (hereinafter the “Middlenext Code”). The Middlenext Code is available online at the following address: www.middlenext.com.

ALTEN complies with all the recommendations of the Middlenext Code, with the exception of the point relating to assignments that may be entrusted to the Statutory Auditors. ​

This point is included in the second recommendation on conflicts of interest. It is recommended that services other than certification
of accounts (SOCA) be entrusted to firms other than those that certify the issuer's accounts.

Due to its numerous acquisitions throughout the world, ALTEN considers that excluding the networks of its Statutory Auditors as a matter of principle from all of its audit work on acquisition targets or one-off consulting assignments, tax or financial, would be likely to reduce, very narrowly, in certain countries, the panel of suppliers with the necessary resources and skills. ALTEN also believes that such an exclusion would have an unfavourable effect on the costs of missions as well as on their quality. The position adopted by the Company, which publishes the fees paid in this context, complies with the provisions of the French Commercial Code.

In accordance with the 22nd recommendation of the Middlenext Code, the points of vigilance set out in the Code are reviewed annually by the Company's Board of Directors.

On the recommendation of the Remuneration and Nomination Committee and taking into account the recommendations of the Middlenext Code, the Board of Directors has established a remuneration policy for the Corporate Officers of ALTEN SA. This policy is in line with the Company’s corporate interest and contributes to its sustainability through the search for a balanced medium- and long-term performance, in particular by aligning the interests of management and shareholders. It is part of its commercial strategy as described in Chapter 1 of this Universal registration document.

At the last General Meeting in 2023, the remuneration policies applicable for 2023 to the Directors, the Chairman and Chief Executive Officer and the Deputy CEO were adopted in the amount of 99.92%, 91.16% and 90.84% respectively.

No item of remuneration, of whatever nature, can be decided, allocated or paid by the Company, and no commitment can be made by the Company if it does not comply with the approved remuneration policy, or, in its absence, existing remuneration or practices in the Company.

The process of deciding, revising and implementing the remuneration policy of each of the Corporate Officers is carried out by the Board of Directors, based on the opinions and recommendations of the Remuneration and Nomination Committee. It should be noted that the Chairman and Chief Executive Officer, member of the Board of Directors does not participate in the deliberations and vote on these matters.

As part of the decision-making process followed for the determination and review of the remuneration policy, the conditions of remuneration and employment of ALTEN SA employees have been taken into account by the Remuneration and Nomination Committee and the Board of Directors as follows:

• ●account taken of equity ratios;
• ●study of changes in remuneration.

In the event of changes in governance personnel, the remuneration policy will be applied to the Company’s new Corporate Officers, and with the necessary adaptations where appropriate.

In accordance with Article L. 22-10-8 of the French Commercial Code, the Board of Directors may, in exceptional circumstances, depart from the application of the remuneration policy, provided that the departure applied is temporary and in line with the Company's interests and is necessary to ensure the Company's continuity or viability. In such a case, the Board of Directors would be in a position to grant an element of remuneration not provided for in the remuneration policy previously approved by the General Meeting but made necessary by these exceptional circumstances.

In such a case, the Board of Directors would decide on the recommendation of the Remuneration and Nomination Committee and would verify whether such a derogation is in line with the company’s interest and necessary to ensure the continuity or viability of the Company. All the justifications would be brought to the attention of the shareholders in the following report on corporate governance. It should be noted that the Chairman and Chief Executive Officer, member of the Board of Directors does not participate in the deliberations and vote on these matters.

The remuneration policy for the Chairman and Chief Executive Officer was set on 22 February 2024 by the Board of Directors, on the recommendation of the Remuneration and Nomination Committee, as follows:

In its seventh resolution the General Meeting of 18 June 2020 set the remuneration of board members at €200,000 per year, valid for the current financial year and until a further decision of the General Meeting. The amount of this envelope remains unchanged for 2024.

The criteria for distributing remuneration allocated by the General Meeting to Board members have been set by the Board of Directors, on the proposal of the Remuneration and Nomination Committee, and are:

• ●attendance by Board members at Board Meetings;
• ●their membership of Board Committees;
• ●whether they are Independent Directors.

Accordingly:

• ●€1,500 per Board Meeting attended is allocated to each Independent Director, and the amount is increased to €3,000 for each attendance by the Director beyond the threshold of 75% attendance;
• ●€1,000 per Board Meeting attended is allocated to each non-Executive and non-Independent Director, and the amount is increased to €2,000 for each attendance by the Director beyond the threshold of 75% attendance;
• ●€1,500 per Director is allocated for each attendance at the Remuneration and Nomination Committee;
• ●€1,500 per Director is allocated for each attendance at the Audit Committee;
• ●€1,500 per Director is allocated for each attendance at the CSR Committee;
• ●in the event of the creation of new specialised committees, the Board, at the suggestion of the Remuneration and Nomination Committee, may add to these rules;
• ●an amount of €1,500 per assignment day is allocated in the event of the completion of a specific assignment entrusted by the Board of Directors;
• ●no remuneration is awarded to Executive Directors (linked to ALTEN SA by a corporate mandate and/or an employment contract);
• ●Directors’ transport expenses will be reimbursed on presentation of receipts.

The table below indicates the duration of the office of the Company’s Executive Corporate Officers and, where applicable, the work or service contracts concluded with the Company, notice periods and the applicable termination conditions:

It is also specified that none of the Company’s other Corporate Officers have concluded a service contract with ALTEN SA and that only the Director representing employees has an employment contract with the Company.

[GRI 102-14]

Our international development and our position as a leader in Engineering and IT Services give us an ever greater responsibility towards all our stakeholders. ​

To meet their expectations, ALTEN relies on a four-pronged sustainable development strategy, initiated by the signing of the United Nations Global Compact:

• ●a career-accelerating employer, through:
  • –attractiveness,
  • –loyalty,
  • –talent development,
  • –skills development,
  • –mobility and career management,
  • –security,
  • –employee development;
• ●the development of labour relations;
• ●a key player in sustainable innovation, through the support given to our clients, employees and students in developing sustainable innovative solutions;
• ●a responsible partner, uncompromising on:
  • –information security,
  • –business ethics,
  • –responsible purchasing;
• ●solidarity;
• ●a company committed to reducing its environmental footprint through:
  • –reducing the energy consumption of its buildings and the use of renewable energy;
  • –the promotion of green mobility,
  • –responsible digital technology;
• ●reasoned use of natural resources and waste reduction.

In 2024, we will continue to rise to new challenges. As Chairman and Chief Executive Officer of ALTEN, I affirm my commitment to carry on this approach in the Group’s countries: the network of CSR referents makes it possible to capitalise on each other’s initiatives, to share our common values, and to accelerate on key issues, such as climate change".

Simon AZOULAY,

Chairman and Chief Executive Officer of the ALTEN Group

ALTEN brings together human values, sustainable development and engineering culture in the service of performance to satisfy its stakeholders. The Group’s corporate culture is based on key values shared by all its employees.

ALTEN teams cultivate the same sense of belonging to a technological environment based on:

• ●creativity;
• ●innovation;
• ●the search for solutions.

[GRI 102-12] [GRI 102-13]

The ALTEN Group’s CSR governance is based on several committees and a CSR and Compliance Commission, created within the Executive Committee. This CSR and Compliance Committee validates the proposals of the Quality – Group CSR and Ethics and Compliance Steering Committees, and monitors the implementation of Compliance projects in the Group.

The CSR Committee met twice in 2023. Its composition and duties are described in Section  3.1.3.2 / Committees of the Board of Directors page 108 of this Document. It is currently composed of two independent directors.

The CSR team manages the dedicated approach across the Group thanks to a network of correspondents within subsidiaries. Reporting to the Quality and Performance Department, it aims to:

• ●develop, run and update the Group’s CSR strategy;
• ●assist subsidiaries with the local adaptation of the materiality and conduct of CSR projects;
• ●run the CSR correspondents’ network;
• ●promote the CSR approach with management of business lines;
• ●respond to non-financial assessments;
• ●ensure the efficiency of the stakeholder listening process;
• ●carry out CSR watch.

[GRI 103-1] [GRI 103-2] [GRI 103-3] [GRI 405-1]

ALTEN has established a dynamic human capital management policy. This policy makes it possible to meet the CSR challenges identified in the materiality study. This policy is rolled out on the following priority areas:

• ●talent attraction and retention;
• ●skills development;
• ●diversity and equal opportunities;
• ●health and safety in the workplace;
• ●well-being in the workplace.

Through these areas of action, ALTEN is committed to and intends to contribute to achieving SDGs 3, 4, 5 and 8. ​

[GRI 102-16]

The Group’s approach, based on the principles of integrity and transparency, are formulated around the following priorities:

• ●business ethics and compliance;
• ●Information Systems Security;
• ●responsible purchasing;
• ●duty of care plan;
• ●solidarity.

Through these areas of action, ALTEN is committed to and intends to contribute to achieving SDG 17.

[GRI 103-3]

The Group encourages all its entities to cultivate a proactive environmental approach, based on a recognised standard or benchmark.

The Quality & Performance Department defines the Group’s environmental policy. It aims at assisting the subsidiaries in identifying and implementing concrete actions concerning:

• ●building management;
• ●control of the carbon footprint;
• ●rational use of natural resources.

The General Resources Department is committed to implementing these policies at all French sites.

Its environmental approach is built around the following priorities:

• ●raising awareness of employees about eco-friendly behaviours;
• ●reducing its greenhouse gas emissions;
• ●using natural resources in a reasonable manner and reducing waste.

ALTEN is aware that its activities and sectors give it an indirect environmental responsibility to its clients. Thus, the Group is committed to developing innovative and sustainable solutions and to acting in favour of Responsible Digital Technology.

To reduce its environmental footprint, ALTEN is committed to developing action plans that must systematically meet the following objectives:

• ●refine data both to obtain reliable measurements and to identify the best levers for action;
• ●raise awareness among internal and external stakeholders to strengthen commitment and encourage action;
• ●reduce actions that have an impact at all levels of the company.

Through these areas of action, ALTEN is committed to and intends to contribute to achieving of SDG 12 and 13.

The ALTEN Group has studied the risks and opportunities that climate change represents for its activities based on the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). The study methodology is broken down into several stages:

• ●identification of physical and transition climate scenarios related to climate change;
• ●analysis of potential negative consequences;
• ●assessment of the potential impact on the company.

This study covers France and will subsequently be extended to the rest of the Group.

ALTEN’s activities can be divided into two main categories:

• ●activities carried out at the Group's sites where services are provided to clients and the internal operating bodies;
• ●activities carried out on its clients' sites.

In the first category, only "office" activities are carried out, which give them a very low risk in relation to the physical hazards of climate change, apart from the geographical location of the sites.

The second category includes the Engineering activities of ALTEN's teams, which work directly in its clients' offices, plants or production facilities. The vulnerability to physical climate risks is also fairly minimal in the short and medium term.

Nevertheless, depending on the business sector in which the ALTEN Group's clients operate, the business could be exposed to transition risks.

Regardless of the nature and method of implementation, the geographical and sectoral breakdown of the ALTEN Group's business in France and around the world clearly mitigates the potential impact of climate change risks to which the Group may be exposed.

They must nevertheless be analysed.

The ALTEN Group conducted a comparative study of the physical and transition climate scenarios proposed by the CDP, taking into account reference documents such as "Comparison of physical climate scenarios RCP" (Representative Concentration Pathway) and "Comparison of transition scenarios".

Three RCP climate scenarios were selected:

• ●the first with a low radiative forcing assumption (more or less strong global warming): RCP 2.6; (approximately +2°C in 2100);
• ●the second with an intermediate radiative forcing assumption: RCP 4.5; (approximately +3°C in 2100);
• ●the third with a strong radiative forcing assumption: RCP 8.5; (approximately +5°C in 2100).

While taking into account the likelihood of these scenarios occurring.

In line with the TCFD recommendations, the transition risk is linked to the transformations induced by the necessary adaptation to a low carbon future. 18 negative consequences related to the transition scenarios were therefore analysed.

Whatever the report used (IPCC, DRIAS, etc.), the scenarios are systematically associated with a certain number of indicators showing the evolution of climate hazard factors (average temperature, rainfall, number of hot days, etc.) between a current reference period and a specific time horizon (beginning of the century, 2021-2050; middle of the century, 2041-2070; end of the century, 2071-2100). From these physical climatic hazards, a number of potentially negative consequences for the company were derived, which were then studied according to the location and business sector and then adapted to the situation. ​

The analyses identified:

• ●the main physical risks that could have potential impacts on two key business processes: human resources management and infrastructure management;
• ●a risk management plan.

Concerning the human resources management process, the risk retained is the loss of productivity, which would come from a set of negative climate consequences. For example, the increase in the recurrence of extreme events.

This loss of productivity would be more or less significant depending on the intensity of climate change taken into account in the various climate scenarios studied.

For the infrastructure management process, three risks were identified: infrastructure degradation, energy shortages and rising energy costs. Indeed, climate change could lead to peaks in energy demand, which could potentially result in discontinuity of access to energy and increased costs for the company.

The management of physical risk therefore involves the implementation of mitigation actions to make the risk acceptable and therefore limit any consequences:

• ●integration of alternative energy supply contracts into the purchasing process;
• ●supporting suppliers in the implementation of this risk and opportunity approach;
• ●development of business continuity plans allowing for the transfer of all or part of the activities to sites less affected by possible climatic events.

In all existing transition scenarios, the transition risks identified in the report "Implementing the Recommendations of the Task Force on Climate-related Financial Disclosures" are of four types:

• ●political and legislative hazards: these are linked to the publication of new legislative texts dealing with climate change adaptation;
• ●technology-related hazards: these are associated with innovation that supports the low-carbon economy. The use and development of these technologies will potentially have an impact on production and distribution costs;
• ●the hazards of the economic market: the transition to a low-carbon economy will change the supply and demand of goods and services; ​
• ●reputational risks: the involvement of business activities in this transition is a source of reputational risks.

These transition hazards could generate various negative consequences. These are listed in the report "Implementing the Recommendations of the Task Force on Climate-related Financial Disclosures". Some of these potential negative consequences do not apply to ALTEN’s areas of activity.

Market risks include all risks related to changes in the market for goods and services. Changes in the behaviour of internal clients (company employees) and external clients (direct clients and investors), linked to the changing environment, are a potentially significant risk.

ALTEN’s human resources management policy, combined with the ALTEN Group’s sustainable development approach and its development strategy, tends to minimise these risks as much as possible.

There are three political and legislative transition risks for ALTEN:

• ●the first is the emergence of new standards and regulations governing certain activities. New sectoral standards would imply a change in the Company’s operational functioning;
• ●the second legislative risk is the increase in reporting obligations on greenhouse gas (GHG) emissions. This risk is both operational and reputational, and has a very high probability of increasing, regardless of the transition scenarios studied;
• ●finally, the third political and legislative risk is related to the evolution of GHG taxes, as predicted by many transition scenarios. This risk is both operational and reputational for the company.

For ALTEN, accepting this risk involves monitoring changes in business sectors as well as regulatory and normative changes.

ALTEN actively participates in national and international initiatives in order to contribute to progress at its level.

As such, ALTEN is a member of the Institut du Numérique Responsable (Responsible Digital Technology Institute) and a signatory of the Engineering for Climate Charter. Through these actions, ALTEN joins forces with its peers to reflect and act together on a better understanding of the new regulations. Finally, ALTEN's environmental approach based on a recognised management system, particularly through its certification (ISO 14001) or reference assessments such as CDP or EcoVadis, for example, includes a strict and rigorous regulatory watch.

Technological risks represent three different risks for ALTEN in the technology category:

• ●risks related to the substitution of existing products by alternatives with lower emissions;
• ●risks following an unsuccessful investment in new technologies or services;
• ●risks related to the costs of transitioning to less emitting technologies.

ALTEN intends to control this risk through its Smart Digital innovation programme. The ALTEN Group has been supporting its clients in sustainable innovation for many years. ALTEN Labs support this ambition and carry out projects dedicated to these major transformations. The activity of the Labs is described in Sections 1.5.3 / ALTEN Innovation and 4.5 / Innovation, the laboratory of tomorrow.

The main reputational risk is the stigmatisation of a business sector in which ALTEN operates. The Group must demonstrate to all its stakeholders its ability to take the necessary measures to preserve the environment and limit the impacts of climate change. ALTEN’s stakeholders are described in Section 4.1.2 / Stakeholder mapping [GRI 102-40] [GRI 102-42] [GRI 102-43] [GRI 102-44]. The examples of projects are described in Sections 1.5.3 / ALTEN Innovation and 4.5 / Innovation, the laboratory of tomorrow.

The ALTEN Group's environmental strategy  incorporates the very notion of meeting clients' environmental needs. ALTEN not only participates in discussions with its clients to make collective progress on environmental challenges, but is also proactive in proposing offers that address these same challenges.

The Green IT offer described in Section 4.4.4.4 / Minimising the impact of IT installations is an example.

In addition, the Smart Digital programme of the Innovation Department in France contributes to the progress of the work of many clients in the business sectors most affected by environmental challenges. The ALTEN Labs Smart Digital programme is described in Sections 1.5.3 / ALTEN Innovation and 4.5 / Innovation, the laboratory of tomorrow.

Global corporate spending on R&D will increase and will focus in particular on programmes related to the energy transition. These investment challenges, which represent real opportunities for the ALTEN Group, are described in the “Sectors of activity” section of the Integrated Report of this Document.

Climate change risks and opportunities are classified as either transition risks or physical risks. Risks are assessed with regard to their time horizon, the probability of occurrence and the significance of their potential impact.

The details of the analysis of the risks and opportunities were made public in the communication to the CDP in 2024, in accordance with the recommendations of the Task Force on Climate-related Financial Disclosure (TCFD).

The risks associated with climate change are a potential threat, but for the ALTEN Group they represent definite opportunities for innovation, particularly in business sectors identified as sensitive.

As part of its ISO 14001-certified EMS, ALTEN annually reviews the risks and opportunities related to climate change.

Through these areas of action, ALTEN is committed to and intends to contribute to achieving SDG 9, 11 and 17.

ALTEN, through its unique positioning combining Engineering with digital and business services, is innovating to meet the challenges of digital transformation while increasing its level of sustainability requirements: more than 30% of our activities will be focused on sustainable innovation in 2023, with continuous growth over several years to reach cruising speed. ​

ALTEN aims to contribute to a better understanding and assessment of the diversity of living organisms. To achieve this, the Innovation Department has selected a number of research projects to be carried out in its Labs in France.

At the genetic level, the "AIπGen" project aims to model and make individual dynamic predictions of the impact of environmental factors on epigenetic mechanisms in healthy and pathological populations (1st case study: diabetic cardiomyopathy). The aim of this work is to set up a mobile application to study exposure to risk factors on an individual scale and to estimate/predict the associated risks.

At the species level, in collaboration with STMicroelectronics and Schneider Electric, research is currently underway to create a solution for wind turbines based on "low-cost" intelligent video surveillance. The aim of this project is to make the installation of wind farms in sparsely populated areas compatible with the preservation of species in these often protected areas. Developed by STMicroelectronics, the camera's intelligent system analyses the species in flight in the vicinity of the wind turbine, and the system developed by Schneider Electric and installed in the wind turbine will shut down the device at the slightest alert (nearby event with a high risk of collision, such as migratory flight in clouds or crop harvesting/planting).

At ecosystem level, biodiversity is an integral part of all agricultural production, but forms of agriculture based on the homogenisation of practices and landscapes are leading to a reduction in biodiversity and often pose a threat to ecosystems. ALTEN is currently working on monitoring the agricultural production ecosystem to prevent animal and plant aberrations, in collaboration with EAUZONS, a sustainable aquaponic farm (plant/animal symbiosis) in the Gers region. We are using our skills in AI and computer vision to anticipate abnormal behaviour in our partner's fish and plant production, while guaranteeing pest detection. The aim of this work is to avoid using chemical inputs in the production of this ecosystem while guaranteeing efficient production.

ALTEN UK has sought to develop a Machine Learning-based tool to evaluate satellite images and identify oil palm plantations. This tool would enable governments and other organisations to analyse trends in the number of oil palm plantations and predict when they will meet their targets for reducing palm oil production.

The R&D teams are developing eco-design methods and tools, adding a new dimension of complexity to systems engineering by introducing new constraints that must be compatible with their functionality and use over their entire life cycle. Indeed, eco-design calls upon a growing number of disciplines or new technologies with evolving or even antagonistic uncertainties and objectives, thus slowing down the design process. Sequential design methods have reached their limit in the search for an optimal solution that does not exist.

The uMDAO (uncertainties Multidisciplinary Design Analysis Optimisation) approaches model the requirements, the synergies between disciplines, and make it possible to propagate notions of intrinsic uncertainties in order to accelerate the process of finding a range of acceptable solutions optimised to reduce the environmental footprint. For example, a team from the ALTEN Lab in Toulouse is eco-designing a liquid hydrogen tank made of composites, seeking to maximise environmental performance at every stage. This case study is particularly interesting because of the complexity involved: minimising the gravimetric index (Eco-Engineering), optimising manufacturing processes (Eco-Manufacturing), making the integration of this complex system reliable and certifiable (Safety).

In France, the manufacturing industry, industrial processes and construction sectors contribute 21% of GHG emissions. According to the French Environment and Energy Management Agency (ADEME), these emissions are linked to the energy required for these activities and to industrial processes, most of which rely on fossil fuels.

The decarbonisation and reduction of greenhouse gas emissions from industry expected since the signing of the Paris Agreements requires the introduction of sustainable production and an eco-design and sobriety approach to achieve the target of an 81% reduction in greenhouse gas emissions by 2050 (National Low Carbon Strategy).

In addition, with talk of Industry 4.0 and the massive deployment of connected objects to improve production, control resources, monitor data and thus reduce environmental impact and production costs, ALTEN, convinced that eco-design is adapted to the industrial systems of the Smart Factory, sees the need to consider the environmental impact of these objects from end to end, starting with the development of the industrial system and during its use.

Several projects in ALTEN Labs aim to contribute to achieving these objectives:

• ●the Green Factory project proposes a complete tool for managing and optimising a factory's energy consumption on two aspects: industrial consumption and digital consumption. On the one hand, it makes it possible to control energy consumption as a whole, by acting directly on systems and managing several energy sources. On the other hand, it enables optimal decisions to be taken by predicting, simulating and prescribing more ecological and economical solutions. This tool is currently being prototyped on our "Mini-Factory" demonstration platform for the Factory in the Industry 4.0 era;
• ●the "ÉcoIoT4.0" project, selected by ADEME as part of the PERFECTO 2022 call for projects, proposes to set up a tool to measure and help with the eco-design of a global solution (hardware and software) and to test it for the eco-design of an intelligent sensor, in order to carry out predictive maintenance operations on cutting tools in a Factory 4.0. Optimising these processes, avoiding breakdowns, making gains on the wear and tear of these tools as well as on energy consumption are the main objectives targeted by ALTEN, SIEMENS DI CS and GREENSPECTOR, with a concrete application in the factories of a leading partner in the aeronautics industry. As part of this application, we are applying an environmental assessment method using Life Cycle Assessment (LCA) in relation to: extraction of ores and crude oil, use of water and land, emissions into the air, water and soil in an end-to-end approach on 16 environmental impact indicators to obtain a positive overall environmental balance between the cost of the solution deployed and the benefit of increasing the lifespan of cutting tools linked to the production of an aircraft.

ALTEN aims to contribute to the environmental approach of the transport sector in all its forms:

• ●the transformation of the transport of goods and merchandise (train, truck, plane, ship, factory) based on digitalisation, interconnection and multi-modality, must not be achieved at the expense of CO2 emissions and the risk engendered by these changes. ALTEN is working to develop optimisation solutions in these 3 areas in partnership with Here Technologies and Siemens SCS;
• ●the transformation of passenger transport by designing intelligent transport systems and mobility assistance solutions to optimise road traffic in a smart city based on its digital twin, develop journey optimisation applications and determine the potential for the installation of charging stations by modelling supply and demand;
• ●in air transport, we have assessed current flight paths and estimated the environmental impact of vapour trails generated by the aircraft. This application can then be used to optimise flight trajectories by indicating flight rerouting opportunities, in particular flight altitude, to reduce the formation of vapour trails and thus reduce the environmental impact of the flight. 

IN SPAIN, R&D teams are working on the design of hydrogen trucks. They are developing a prototype for the routing of fuel cell cooling, ensuring a good compromise between the high degree of modularisation of the trucks and the automatic routing procedure from the gas tanks.

IN THE UK, we are helping to design aircraft propulsion systems that can increase engine performance at higher operating temperatures without compromising engine life, as well as a more sustainable aircraft engine by reducing fuel consumption by 25% compared with the previous generation. Our work focused on the design and development of a physical demonstrator to assess the physical integration of the new engine on the wings, including the interface with various constituents such as fuel, oil, air, electronics and transmission in the knowledge that the existing systems to interface with the new propulsion technology had to meet new service requirements and a larger aircraft size. We are also preparing for the emergence of electric aircraft, in particular by designing a generalised battery management system to enable the future development of scalable battery networks.

The ecological transition now concerns all economic sectors, including the digital sector, which contributes 4% to 5% of global greenhouse gas emissions. Faced with the exponential digitalisation of services and the emergence of new technological tools such as IoT and AI, companies are becoming increasingly aware of the environmental impact of their infrastructures. In response to this problem, Green IT proposes a responsible approach to the management of IT resources.  

The global and innovative strategy put in place by ALTEN's Responsible Digital Technology teams aims to optimise the environmental impact of internal IT services, use Innovation Labs to develop the footprint measurement and eco-design solutions of tomorrow and put the Group's expertise at the service of its clients and the transition of the digital sector. In recognition of this approach, the Institut du Numérique Responsable awarded ALTEN the "Jury's Favourite" prize in 2021 in the "Organisational Strategy and Responsible Digital Technology" category.

Since 2021, generative AI has become an omnipresent topic in the news. These technologies are evolving faster and faster, but the field of Artificial Intelligence is, by its very nature, very energy-intensive. According to researchers at the University of Massachusetts, the training of a single generative AI model can release almost 300 metric tons of CO2 into the atmosphere. In this context, ALTEN is developing technologies using Artificial Intelligence for AI for Green purposes, while at the same time embarking on optimisation initiatives to reduce the environmental impact of Artificial Intelligence as far as possible for Green AI purposes, to avoid "the cure being worse than the disease".

Following on from the work carried out as part of the "ÉcoIoT4.0" project selected by ADEME, our R&D efforts are focused on the Intelligent Systems Eco-design Test Bench project to develop an experimental platform for measuring, analysing and optimising the performance of intelligent systems: efficiency and energy impact. It is composed of the following three layers:

• ●the Green Code project aims to ensure the optimal energy performance of application or embedded software, particularly in the collection and processing of connected data;
• ●the Green Smart Object project enables the precise measurement of the energy consumption of intelligent systems and IoT (Internet of Things);
• ●the Green Smart System project addresses complex systems and systems of systems, and aims in particular to measure the efficiency of communication between the different intelligences of the system and the impact of the distribution of intelligences (and calculations).

For a given use case, ALTEN teams compare the energy consumption of intelligent systems according to their architecture (Edge, Cloud, Mist), and measure the energy consumption of the various components (hardware, software, artificial intelligence, communication).

This platform makes it possible to propose strong recommendations on their architecture so that they are more energy-efficient.

In the field of Green finance, the aim of this R&I project is to measure the level of 'Greenwashing' of financial assets claiming to be Green (where generally it is the level of Green measured by financial players).

To achieve this, the project implements information extraction mechanisms with truthfulness and verifiability research (AI, NLP, LLM, etc.) as well as correlation research mechanisms using graph construction and Machine Learning, with the aim of finding patterns based on signatures of the "Greenwashing" type. The sources used today to achieve this objective are many and varied: financial, economic, regulatory, geopolitical data, etc.

The search for ultimate sporting performance requires paying attention to the smallest detail, understanding everything about yourself and your environment. Mastery of simulation tools and data processing provides that "something extra" that can make all the difference to your physical and mental performance. The ALTEN sport science team, which includes a French triathlon record holder, optimises race strategies, and works on equipment and systems that are perfectly suited to each discipline, using physical data from events, biomechanics and the physiology of athletes.

Today, high-level sport requires not only the achievement of a collective and individual sporting performance, but also essential support thanks to equipment, training and strategies that make the ultimate difference. ALTEN, and in particular its LINCOLN subsidiary specialising in data science, have put together a team of sports scientists capable of achieving this using the technologies explored within our ALTEN Labs.

The healthcare ecosystem is facing new challenges in terms of the organisation of care and the patient experience. Innovation is the keystone to meet these new societal challenges. In particular at its AIXIAL lab, the smart healthcare programme is looking at ways of digitalising this healthcare system, integrating data analysis and artificial intelligence, and developing innovative IoTs to shape the future of clinical research.

The smart healthcare programme is part of a drive to digitalise healthcare and centralise the patient experience, using new technologies such as AI, data science, IoT, cybersecurity, etc.

The clinical trials that are essential for the launch of medical products and/or devices on the market must comply with strict criteria to guarantee their safety, efficacy and reliability. The ambition of the smart healthcare programme is to accelerate the virtualisation of clinical trials, in particular, the digitalisation of procedures and the decentralisation of trials while guaranteeing optimised patient recruitment and follow-up using connected solutions, AI and real-life data without compromising reliability and safety.

To provide answers to these issues, smart healthcare is focusing on three areas:

• ●patient-centred: IoT, mHealth and AI to improve remote patient follow-up and monitoring;
• ●real-life data: data science and AI for a better understanding of patients (behaviour, needs, etc.) and their pathologies, for more personalised care;
• ●care coordination: data and AI to optimise care and care pathways while reducing administrative costs.

The data for the various indicators cover the period from 1 January 2023 to 31 December 2023.

The CSR scope in this report covers ALTEN’s legal entities and solutions located in France:

• ●ALTEN SA;
• ●ALTEN SUD-OUEST SASU;
• ●ATEXIS FRANCE SASU;
• ●MI-GSO SASU;
• ●ALTEN SYSTÈMES D’INFORMATION ET RÉSEAUX SASU;
• ●ALTEN TECHNOLOGIES SASU;
• ●AIXIAL SAS;
• ●LINCOLN SASU;
• ●AVENIR CONSEIL SASU;
• ●AIXIAL DEVELOPMENT SASU;
• ●CADUCEUM SASU;
• ●ANOTECH ENERGY SASU;
• ●UNIWARE GLOBAL SERVICES SASU(9);
• ●NEXEO CONSULTING SASU;
• ●FINAXIUM SASU(10).

The CSR scope also covers international entities:

• ●ATEXIS SPAIN SLU;
• ●ALTEN BELGIUM;
• ●ALTEN SWITZERLAND AG;
• ●ALTEN GmbH;
• ●ALTEN TECHNOLOGY GmbH;
• ●ALTEN SOLUCIONES, PRODUCTOS, AUDITORIA E INGENIERIA SAU;
• ●ALTEN FINLAND OY;
• ●ALTEN NEDERLAND BV;
• ●ORION ENGINEERING BV;
• ●TECHALTEN PORTUGAL LDA;
• ●ALTEN SVERIGE AB;
• ●ALTEN ITALIA SPA;
• ●ALTEN LTD;
• ●ALTEN CALSOFT LABS (INDIA) PRIVATE LIMITED;
• ●CALSOFT LABS INC.;
• ●ALTEN INDIA PRIVATE LIMITED;
• ●ALTEN DELIVERY CENTER MAROC;
• ●ALTEN DELIVERY CENTER EASTERN EUROPE SRL;
• ●ALTEN DELIVERY CENTER EASTERN EUROPE SP ZOO;
• ●ALTEN TECHNOLOGY USA INC.;
• ●ALTEN KOREA CO LTD;
• ●ALTEN CHINA LIMITED;
• ●ALTEN POLSKA SP ZOO;
• ●ALTEN SI TECHNO ROMANIA SRL;
• ●ALTEN CANADA INC.;
• ●ANOTECH ENERGY USA INC.;
• ●ANOTECH ENERGY DOHA LLC;
• ●ANOTECH ENERGY SINGAPORE PVTE LTD;
• ●MI-GSO EXPERTO EN MANAGEMENT DE PROYECTOS;
• ●MI-GSO GmbH;
• ●MI-GSO UNIPESSOAL LDA;
• ●PROGRAM PLANNING PROFESSIONALS PTY LTD (AUSTRALIA);
• ●PROGRAM PLANNING PROFESSIONALS LTD;
• ●PCUBED CANADA INC.;
• ●PROGRAM PLANNING PROFESSIONALS INC.;
• ●CIENET COMMUNICATIONS BEIJING CO LTD;
• ●CIENET INTERNATIONAL LLC;
• ●CIENET TECHNOLOGIES BEIJING CO LTD;
• ●CIENET TECHNOLOGIES CHENGDU CO LTD;
• ●CIENET TECHNOLOGIES LLC;
• ●CIENET TECHNOLOGIES NANJING CO LTD;
• ●CIENET TECHNOLOGIES TAIWAN;
• ●METHODS BUSINESS AND DIGITAL TECHNOLOGY LTD;
• ●SDG CONSULTING ITALIA;
• ●SDG CONSULTING ESPAÑA;
• ●IT SECTOR - SISTEMAS DE INFORMACAO, METHODS BUSINESS AND DIGITAL TECHNOLOGY LIMITED.

In 2023, the following reported consolidated data:

CIENET TECHNOLOGIES BEIJING CO LTD, CIENET COMMUNICATIONS BEIJING CO LTD, CIENET INTERNATIONAL LLC, CIENET TECHNOLOGIES BEIJING CO, CIENET TECHNOLOGIES CHENGDU CO LTD, CIENET TECHNOLOGIES LLC, CIENET TECHNOLOGIES NANJING CO LTD, CIENET TECHNOLOGIES TAIWAN.

Internationally, the entities ALTEN KOREA CO LTD, CIENET TECHNOLOGY BEIJING CO LTD, CIENET COMMUNICATIONS BEIJING CO LTD, CIENET INTERNATIONAL LLC, CIENET TECHNOLOGIES BEIJING CO, CIENET TECHNOLOGIES CHENGDU CO LTD, CIENET TECHNOLOGIES LLC, CIENET TECHNOLOGIES NANJING CO LTD, CIENET TECHNOLOGIES TAIWAN, IT SECTOR - SISTEMAS DE INFORMACAO, METHODS BUSINESS AND DIGITAL TECHNOLOGY LIMITED, ALTEN DELIVERY CENTER EASTERN EUROPE SRL, ALTEN DELIVERY CENTER EASTERN EUROPE SP ZOO were included in the reporting.

The performance indicators reported for France and international markets cover 80% of the Group's revenue at 31 December 2023.

For the French entities, these indicators relate to:

• ●the completeness of the headcount of the entities concerned (15);
• ●all areas occupied by one or more ALTEN Group entities in France.

For international entities, they relate to the number of employees and floor space of each entity in the country concerned.

The performance indicators and the text of this report comply with Article L. 225-102-1 of the French Commercial Code. This document was prepared in line with the standards of the Global Reporting Initiative (GRI) G4 essential compliance option.

The guidelines for calculating and establishing performance indicators are available upon request by e-mail: alten.csr@alten.fr.

In 2022, the ALTEN Group set up a new external reporting tool to which all entities in the CSR scope have access. This tool allows for the reporting of:

• ●social;
• ●environmental;
• ●local societal information.

This data is then consolidated by the Group.

The Group strives to:

• ●increase the scope of its reporting each year by integrating new entities;
• ●increase the reliability of the data collected by relying in particular on the consistency checks offered by the tool;
• ●raise awareness among the various entities of the CSR Scope of the new features included in the reporting.

The social performance indicators reported for France and the rest of the world cover 84% of the Group's revenue at 31 December 2023.

The following data is extracted from the social statement of financial position and payroll software of the Group’s companies in France and international entities:

• ●headcount;
• ●nationalities represented in the Company;
• ●hires and departures;
• ●work-study contracts;
• ●total payroll;
• ●remuneration;
• ●turnover;
• ●organisation of working time;
• ●frequency rate of work accidents with lost time;
• ●severity rate of work accidents.

Other data is derived from the reporting of the departments responsible for this in the various Group entities:

• ●annual appraisals;
• ●training;
• ●internal mobility.

The total number of training hours and employees trained includes training for apprentices and employees on vocational training contracts.

Turnover is calculated according to the following definition: (Departures/[Headcount N-1+Headcount N]/2). Departures taken into account exclude trial periods, mobility and other reasons.

The work accident severity rate was calculated based on working days.

Some subsidiaries do not track all the data included in this reporting. Accordingly:

• ●the following are excluded from SOC 7 and 8 “Hires and departures”: the entity ALTEN CALSOFT LABS (INDIA) PRIVATE LIMITED;
• ●the following are excluded from SOC 21 "Percentage of employees who have had an annual appraisal": the entities ALTEN CALSOFT LABS (INDIA) PRIVATE LIMITED, ALTEN GmbH, ALTEN CANADA INC., ALTEN POLSKA SP ZOO, ALTEN LTD, ALTEN SI TECHNO ROMANIA SRL, ALTEN SVERIGE AB, ALTEN SOLUCIONES PRODUCTOS AUDITORIA E INGENIERIA SAU, ALTEN FINLAND OY, ALTEN SWITZERLAND AG and METHODS BUSINESS AND DIGITAL TECHNOLOGY LIMITED;
• ●the following are excluded from SOC 22 “Average rate of absenteeism (due to illness, work-related or commuting accident)”: the entities ALTEN CALSOFT LABS (INDIA) PRIVATE LIMITED, ALTEN TECHNOLOGY USA INC., ANOTECH ENERGY USA INC., PCUBED CANADA INC., ANOTECH ENERGY DOHA LLC, ALTEN KOREA CO LTD and METHODS BUSINESS AND DIGITAL TECHNOLOGY LTD;
• ●the following are excluded from SOC 23 “ALTEN employee turnover”: the entity ALTEN CALSOFT LABS (INDIA) PRIVATE LIMITED;
• ●the following are excluded from SOC 26 "% of employees covered by a collective agreement": the entity ALTEN GmbH;
• ●the following are excluded from SOC 27 "Training expenditures": ALTEN CALSOFT LABS (INDIA) PRIVATE LIMITED, ALTEN TECHNOLOGY USA INC., ANOTECH ENERGY USA INC., PROGRAM PLANNING PROFESSIONALS INC. and ALTEN DELIVERY CENTER EASTERN EUROPE SP ZOO;
• ●the following are excluded from SOC 28 "Training expenditure as a % of total payroll": the entities ALTEN CALSOFT LABS (INDIA) PRIVATE LIMITED, ALTEN TECHNOLOGY USA INC., ANOTECH ENERGY USA INC., PROGRAM PLANNING PROFESSIONALS INC., ANOTECH ENERGY DOHA LLC and ALTEN DELIVERY CENTER EASTERN EUROPE SP ZOO;
• ●the following are excluded from SOC 29 "Training expenditure as a % of revenue": the entities ALTEN CALSOFT LABS (INDIA) PRIVATE LIMITED, ALTEN TECHNOLOGY USA INC., ANOTECH ENERGY USA INC., PROGRAM PLANNING PROFESSIONALS INC. and ALTEN DELIVERY CENTER EASTERN EUROPE SP ZOO;
• ●the following are excluded from SOC 30 "Total number of training hours": the entities ALTEN CALSOFT LABS (INDIA) PRIVATE LIMITED, ALTEN SI TECHNO ROMANIA SRL, ALTEN INDIA PRIVATE LIMITED, ANOTECH ENERGY USA INC., PCUBED CANADA INC. and ALTEN DELIVERY CENTER EASTERN EUROPE SP ZOO;

• ●the following are excluded from SOC 31.a "Percentage of people receiving training during the year, by gender": the entities ALTEN CALSOFT LABS (INDIA) PRIVATE LIMITED, ALTEN NEDERLAND BV, ALTEN SI TECHNO ROMANIA SRL, ORION ENGINEERING BV and ANOTECH ENERGY USA INC.;
• ●the following are excluded from SOC 31.b "Percentage of employees having attended at least one training course during the year": the entities ALTEN CALSOFT LABS (INDIA) PRIVATE LIMITED, ALTEN SI TECHNO ROMANIA SRL, ALTEN INDIA PRIVATE LIMITED, ANOTECH ENERGY USA INC., PCUBED CANADA INC., PROGRAM PLANNING PROFESSIONALS INC., MI-GSO UNIPESSOAL LDA, ALTEN KOREA CO LTD and SDG CONSULTING ITALIA;
• ●the following are excluded from SOC 33 "Number of e-learning courses attended": the entities ALTEN CALSOFT LABS (INDIA) PRIVATE LIMITED, ALTEN SI TECHNO ROMANIA SRL, ALTEN TECHNOLOGY USA INC., ALTEN INDIA PRIVATE LIMITED, ANOTECH ENERGY USA INC., PCUBED CANADA INC., PROGRAM PLANNING PROFESSIONALS INC., MI-GSO UNIPESSOAL LDA, ALTEN KOREA CO LTD and SDG CONSULTING ITALIA;
• ●the following are excluded SOC 34 "Frequency rate of work-related accidents with time off": the entities ALTEN CALSOFT LABS (INDIA) PRIVATE LIMITED, ALTEN INDIA PRIVATE LIMITED, ANOTECH ENERGY USA INC., PCUBED CANADA INC., PROGRAM PLANNING PROFESSIONALS INC., ANOTECH ENERGY SINGAPORE PVTE LTD and ALTEN DELIVERY CENTER EASTERN EUROPE SP​ ZOO;
• ●the following are excluded from SOC 35 "Severity rate of work-related accidents": the entities ALTEN CALSOFT LABS (INDIA) PRIVATE LIMITED, ALTEN INDIA PRIVATE LIMITED, ANOTECH ENERGY USA INC., PCUBED CANADA INC., PROGRAM PLANNING PROFESSIONALS INC., ANOTECH ENERGY SINGAPORE PVTE LTD; ​ ALTEN DELIVERY CENTER EASTERN EUROPE SRL and ALTEN DELIVERY CENTER EASTERN EUROPE SP ZOO;
• ●the following are excluded from SOC 36 “Number of hours of safety training”: the entities ALTEN CALSOFT LABS (INDIA) PRIVATE LIMITED, ALTEN NEDERLAND BV, ALTEN SI TECHNO ROMANIA SRL, ALTEN TECHNOLOGY USA INC., ALTEN INDIA PRIVATE LIMITED, ANOTECH ENERGY USA INC., PROGRAM PLANNING PROFESSIONALS INC., ALTEN SWITZERLAND AG, ALTEN DELIVERY CENTER EASTERN EUROPE SRL, TECHALTEN PORTUGAL LDA and MI-GSO UNIPESSOAL LDA;
• ●the following are excluded from SOC 38 “Number of occupational illnesses reported”: the entities ALTEN CALSOFT LABS (INDIA) PRIVATE LIMITED, ALTEN INDIA PRIVATE LIMITED and ANOTECH ENERGY USA INC.

The environmental performance indicators reported for France and internationally cover 79% of the Group's revenue at 31 December 2023.

Environmental data excludes entities:

• ●MI-GSO GmbH;
• ●MI-GSO EXPERTO EN MANAGEMENT DE PROYECTOS;
• ●PROGRAM PLANNING PROFESSIONALS PTY LTD (AUSTRALIA);
• ●ALTEN CANADA INC.;
• ●ALTEN CALSOFT LABS (INDIA) PRIVATE LIMITED;
• ●ORION ENGINEERING BV;
• ●ALTEN DELIVERY CENTER EASTERN EUROPE SP ZOO.

Data related to floor space is taken from the lease documents and is collected and consolidated annually by building. They are then broken down according to their occupation by each entity in France and for the international entities within the CSR scope.

Data related to consumables and energy are based on invoices and statements from suppliers and service providers.

In France, the energy consumption of common areas is estimated at 10% of the consumption of occupied areas:

• ●when ALTEN does not lease the entire building;
• ●when the data is not available.

The calculation of the Enviro 4 indicator "Total quantity of paper (office and headed) consumed in kg/employee/year" corresponds to the total amount of paper divided by the weighted number of employees for France. The Enviro 4 indicator "Quantity of paper used per employee" excludes the entities: ALTEN NEDERLAND BV, ALTEN LTD, ALTEN TECHNOLOGY USA INC., ANOTECH ENERGY USA INC., PCUBED CANADA INC. and MI-GSO UNIPESSOAL LDA.

The following entities are excluded from Enviro 5 indicator "% recycled or certified paper" : ALTEN NEDERLAND BV, ALTEN POLSKA SP ZOO, ALTEN LTD, ALTEN SI TECHNO ROMANIA SRL, ALTEN TECHNOLOGY USA INC., ANOTECH ENERGY USA INC., PCUBED CANADA INC., TECHALTEN PORTUGAL LDA and MI-GSO UNIPESSOAL LDA. ​

The quantity of cups used by ALTEN (Enviro 6) concerns only paper cups for France (the zero-plastic-cup objective in France has been achieved) and single-use plastic cups internationally. The following entities are excluded from the Enviro indicator "Amount of cups per employee on site": ALTEN CALSOFT LABS (INDIA) PRIVATE LIMITED, ALTEN CHINA LIMITED, ALTEN GmbH, ALTEN NEDERLAND BV, ALTEN LTD, ALTEN INDIA PRIVATE LIMITED, ANOTECH ENERGY USA INC., ALTEN DELIVERY CENTER MAROC, PROGRAM PLANNING PROFESSIONALS LTD, ANOTECH ENERGY SINGAPORE PVTE LTD, ALTEN SWITZERLAND AG, ALTEN DELIVERY CENTER EASTERN EUROPE SRL, SDG CONSULTING ITALIA and SDG CONSULTING ESPAÑA.

In France, energy consumption indicators were divided by the number of weighted m2. Internationally, the actual m2 as of 31 December 2022 are used when information on the number of m2 weighted items is not available. Enviro indicator 8a "Total energy consumption in kWh" excludes the entities: ALTEN GmbH, ALTEN BELGIUM, ALTEN TECHNOLOGY GmbH, ALTEN NEDERLAND BV, ALTEN POLSKA SP ZOO, ALTEN LTD, ALTEN SI TECHNO ROMANIA SRL, ANOTECH ENERGY USA INC, PCUBED CANADA INC, PROGRAM PLANNING PROFESSIONALS INC, TECHALTEN PORTUGAL LDA, MI-GSO UNIPESSOAL LDA and METHODS BUSINESS AND DIGITAL TECHNOLOGY LIMITED. ​

To calculate the percentage of renewable energy used in France, the energy consumption recorded on the invoices and statements of suppliers and service providers is taken into account but not the consumption linked to the common parts of the buildings.

The following entities are excluded from the Enviro 8.b indicator "Total energy consumption per m2": ALTEN GmbH, ALTEN BELGIUM, ALTEN TECHNOLOGY GmbH, ALTEN NEDERLAND BV, ALTEN POLSKA SP ZOO, ALTEN LTD, ALTEN SI TECHNO ROMANIA SRL, ANOTECH ENERGY USA INC., PCUBED CANADA INC., PROGRAM PLANNING PROFESSIONALS INC., ANOTECH ENERGY DOHA, TECHALTEN PORTUGAL LDA, MI-GSO UNIPESSOAL LDA and METHODS BUSINESS AND DIGITAL TECHNOLOGY LIMITED.​

The annual mileage as part of business travel is based on the mileage provided by the service providers. Accordingly:

• ●the following entities are excluded from the Enviro 14 indicator "Number of kg ​ of CO2 eq. for business travel by train per employee": ALTEN CALSOFT LABS (INDIA) PRIVATE LIMITED, ALTEN GmbH, ALTEN BELGIUM, ALTEN NEDERLAND BV, ALTEN POLSKA SP ZOO, ALTEN SI TECHNO ROMANIA SRL, ANOTECH ENERGY USA INC., PCUBED CANADA INC., PROGRAM PLANNING PROFESSIONALS LTD, PROGRAM PLANNING PROFESSIONALS INC., ALTEN FINLAND OY, ALTEN SWITZERLAND AG and ALTEN KOREA CO LTD;
• ●the following entities are excluded from Enviro 16 indicator "Number of kg of CO2 eq. for business travel by air per employee": ALTEN CALSOFT LABS (INDIA) PRIVATE LIMITED, ALTEN BELGIUM, ALTEN NEDERLAND BV, ALTEN POLSKA SP ZOO, ALTEN SI TECHNO ROMANIA SRL, ALTEN SVERIGE AB, ANOTECH ENERGY USA INC., PCUBED CANADA INC., PROGRAM PLANNING PROFESSIONALS LTD, PROGRAM PLANNING PROFESSIONALS INC., ALTEN SWITZERLAND AG and ALTEN KOREA CO LTD;
• ●the following entities are excluded from the Enviro 21 indicator "Average CO2 emissions per km of company car fleet": ATEXIS SPAIN SLU, ALTEN CALSOFT LABS (INDIA) PRIVATE LIMITED, ALTEN CHINA LIMITED, ALTEN BELGIUM, ALTEN NEDERLAND BV, ALTEN POLSKA SP ZOO, ALTEN SI TECHNO ROMANIA SRL, ALTEN TECHNOLOGY USA INC., ALTEN INDIA PRIVATE LIMITED, PROGRAM PLANNING PROFESSIONALS INC., ALTEN SWITZERLAND AG, ANOTECH ENERGY USA INC., ALTEN KOREA CO ​ LTD, MI-GSO UNIPESSOAL LDA, IT SECTOR - SISTEMAS DE INFORMACAO, METHODS BUSINESS AND DIGITAL TECHNOLOGY LIMITED and METHODS BUSINESS AND DIGITAL TECHNOLOGY LIMITED;
• ●the following entities are excluded from the Enviro 23.a indicator "Number of kg of CO2 eq. related to kilometres travelled by company cars": ATEXIS SPAIN SLU, ALTEN CALSOFT LABS (INDIA) PRIVATE LIMITED, ALTEN CHINA LIMITED, ALTEN BELGIUM, ALTEN NEDERLAND BV, ALTEN POLSKA SP ZOO, ALTEN SI TECHNO ROMANIA SRL, ALTEN TECHNOLOGY USA INC., ALTEN INDIA PRIVATE LIMITED, ALTEN SOLUCIONES PRODUCTOS AUDITORIA E INGENIERIA SAU, PROGRAM PLANNING PROFESSIONALS INC., ALTEN SWITZERLAND AG, ANOTECH ENERGY USA INC., TECHALTEN PORTUGAL LDA, ALTEN KOREA CO LTD, MI-GSO UNIPESSOAL LDA, IT SECTOR - SISTEMAS DE INFORMACAO, METHODS BUSINESS AND DIGITAL TECHNOLOGY LIMITED and METHODS BUSINESS AND DIGITAL TECHNOLOGY LIMITED.

CO2 emissions from energy consumption and travel were calculated from the raw data using the Location Based method. The calculations use the emission factors of Ademe's carbon database and the Ecoinvent database. Accordingly:

• ●the following entities are excluded from the Enviro 10 indicator “% of occupied m2 that is certified (BBC, HQE)”: ALTEN CALSOFT LABS (INDIA) PRIVATE LIMITED, ALTEN BELGIUM, ALTEN SVERIGE AB, ALTEN INDIA PRIVATE LIMITED, ANOTECH ENERGY USA INC., ANOTECH ENERGY DOHA LLC, TECHALTEN PORTUGAL LDA, ALTEN KOREA CO LTD, MI-GSO UNIPESSOAL LDA, SDG CONSULTING ESPAÑA and IT SECTOR - SISTEMAS DE INFORMACAO, METHODS BUSINESS AND DIGITAL TECHNOLOGY LIMITED;
• ●the following entities are excluded from the Enviro 25 indicator "Total quantity of electronic waste removed by an external company": ATEXIS SPAIN SLU, ALTEN INDIA PRIVATE LIMITED, ANOTECH ENERGY USA INC., ALTEN SOLUCIONES PRODUCTOS AUDITORIA E INGENIERIA SAU, PROGRAM PLANNING PROFESSIONALS INC., ANOTECH ENERGY SINGAPORE PVTE LTD, TECHALTEN PORTUGAL LDA and ALTEN KOREA CO ​ LTD;
• ●the following entities are excluded from the Enviro 11 indicator "% of sites covered by a waste sorting scheme": ALTEN NEDERLAND BV, ALTEN LTD, ANOTECH ENERGY USA INC., PROGRAM PLANNING PROFESSIONALS INC., ALTEN SWITZERLAND AG, ANOTECH ENERGY DOHA LLC, MI-GSO UNIPESSOAL LDA and ALTEN KOREA CO LTD.

The societal performance indicators reported for France and internationally cover 75% of the Group's revenue at 31 December 2023.

Societal data excludes entities:

• ●ALTEN CALSOFT LABS (INDIA) PRIVATE LIMITED;
• ●ALTEN NEDERLAND BV;
• ●ALTEN SVERIGE AB;
• ●ALTEN SOLUCIONES, PRODUCTOS, AUDITORIA E INGENIERIA SAU;
• ●MI-GSO UNIPESSOAL LDA.

The data on projects supported to promote Engineering professions comes from the partnerships that received financial support.

Some subsidiaries do not track all the data included in this reporting. Accordingly:

• ●the following entity is excluded from Societal 5 "Total number of partnerships forged with NGOs or similar associations in the current year": ALTEN GmbH;
• ●the following entities are excluded from Societal 7 "Number of man-days of skills sponsorship": ALTEN GmbH, ALTEN SI TECHNO ROMANIA SRL, ALTEN FINLAND OY, ALTEN DELIVERY CENTER EASTERN EUROPE SRL, TECHALTEN PORTUGAL LDA, ALTEN DELIVERY CENTER EASTERN EUROPE SP ZOO, SDG CONSULTING ITALIA and SDG CONSULTING ESPAÑA.

The CSR scope has been extended between 2022 and 2023. This change does not always make it possible to compare indicators from one year to the next.

For the year ended December 31, 2023

This is a free English translation of the report by the independent third-party organisation 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.

To the shareholders of Alten SA

In our capacity as the independent third-party body (“third party”) of Alten, accredited by COFRAC (Cofrac Inspection accreditation no. 3-1080, scope available on the website www.cofrac.fr), we conducted our work in order to provide a limited assurance on the historical information (observed or extrapolated) of the extra-financial performance statement, prepared in accordance with the entity’s procedures (hereinafter the "Guidelines"), for the year ended December 31, 2022 (hereinafter the "Information" and the "Statement" respectively), presented in the management report in accordance with the provisions of Articles L. 225-105-1, R. 225-105 and R. 225-105-1 of the French Commercial Code.

Based on the procedures we performed, as described in the "Nature and scope of our work" section, and on information we obtained, nothing has come to our attention that causes us to believe that the non-financial performance statement is not in compliance with the applicable regulatory requirements and that the information, taken as a whole, is presented fairly in accordance with the Guidelines.

The ALTEN Group uses alternative performance indicators to monitor its operational activity. The Group feels that these indicators provide additional information enabling users of periodical financial information to get a more complete picture of the Group’s performance. These alternative performance indicators complement the IFRS indicators.

ALTEN, the European leader in Engineering and Technology Consulting (ETC), carries out design and research projects for the Technical and Information Systems Divisions of major industrial, telecoms and service-provider clients.

The market encompasses the full range of ETC services, specifically:

• ●scientific and technical research;
• ●network architecture and IT systems.

Revenue in 2023 thus amounted to €4,068.8 million, up 7.6% compared to 2022. On a like-for-like basis, activity increased by 9.0% (+10.2% in France; +8.4% outside France).

The distribution of revenue in 2023 by business sector is presented in Chapter 1 of this Universal registration document.

ALTEN has continued to expand, particularly internationally, through its strategy of external growth. International operations now account for 68.1% of the Group's revenue, compared to 68.9% in 2022 given the disposal of Cprime at the end of 2022.

To accelerate its development and strengthen its position in strategic sectors and activities, the Group is pursuing its targeted external growth strategy. In Vietnam and Japan, acquisition in April 2024 of a group of companies specialising in software development and products (revenue: €20 million; 1,000 consultants).

The Group generated consolidated revenue of €4,068.8 million in 2023 (compared with €3,783.1 million in 2022), up by 7.6% compared tothe previous year (+10.2% in France and +6.4% internationally).

On a like-for-like basis, activity increased by 9.0% in 2023 (+10% in France and +8.4% internationally).

At 31 December 2023, operating profit on activity amounted to €382.8 million, which represents 9.4% of the revenue, down by 8.8% compared to 31 December 2022 (€419.6 million which represented 11.1% of the revenue).

The non-recurring income amounted to -€30.6 million at 31 December 2023 and mainly concerns international activities. It includes in particular acquisition fees for €5.1 million, costs relating to tax and social security audits for €3.1 million, restructuring costs for €9.1 million and earn-outs for acquisitions for €13.4 million.

The IFRS cost of share-based payments was -€32.3 million (-€29.7 million in 2022).

After taking these items into account, operating profit was €319.9 million, which represents 7.9% of the revenue, down compared to the previous year. In 2022, operating profit was €592.9 million, including a capital gain of €216.3 million. Restated for this exceptional item, operating profit for 2022 would have been €376.6 million, which would have represented 9.9% of the revenue.

Financial income amounted to €0.2 million. It consists of the financial cost of net debt of €2.0 million, (of which €3.9 million in interest expenses related to the application of IFRS 16), a net gain on foreign exchange of +€0.8 million and other financial income and expenses of -€2.6 million, consisting in particular of impairment of non-consolidated shares.

Income tax expense was €86.9 million corresponding to an effective tax rate of 25%. Income from companies using the equity-accounted method was €0.1 million.

Consequently, net income (attributable to) owners of the parent, amounted to €233.2 million in 2023 (5.7% of the revenue), down by 49.0% compared to 2022 (€457.6 million which represented 12.1% of the revenue in 2022).

None.

The year 2023 saw very sustained organic growth of over 15%. ​ The main sectors that contributed to this growth were Aeronautics, Automotive and Defence/Security/Maritime.

The General Shareholders' Meeting will be asked to approve the company financial statements for the year ended 31 December 2023, which resulted in a profit of €49,714,232.78.

Source:

• ●net profit for the financial year: €49,714,232.78;
• ●other reserves: €422,069,416.58;
• ●retained earnings: €0.

It should be noted that part of the dividends distributed will be taken from other reserves.

Allocation:

• ●legal reserve: €57,306.38;
• ●dividends (35,209,501 ordinary shares): €52,814,251.50.

After allocation:

• ●legal reserve: €3,687,841.60;
• ●other reserves: €418,912,091.48;
• ●retained earnings: €0.

There have been no significant changes in the position of capital and voting rights since 31 March 2024.

To the Company’s knowledge, none of the shareholders, other than those mentioned in the above table or its references, hold directly or indirectly, individually or in concert, more than 5% of the Company’s capital or voting rights.

As of 31 December 2023, no Company subsidiary held any ALTEN shares.

To the Company's knowledge, the shareholders holding more than 5% of the Company’s share capital or voting rights are as follows:

The Company is not controlled.

For several years now, ALTEN has been actively involved in gaining a better understanding of its shareholders.

In this context, ALTEN has been carrying out procedures for several years to identify its shareholding structure (approximately 90%). The last procedure of this type was carried out on 31 January 2024.

Thus, ALTEN wants to establish with its main shareholders a sustained dialogue. This dialogue allows ALTEN to be aware of their expectations, especially regarding the preparation of draft resolutions submitted to ALTEN’s General Meetings.

On ALTEN’s website, under the “investors” tab, shareholders are given access to various materials including the documentation provided during General Meetings.

A contact email relation.actionnaires@ALTEN.com is also available to answer any questions.

The table below summarises the amount of dividends distributed, which are entirely eligible for the allowance provided for by Article 158–3-2° of the French General Tax Code, for the three previous financial years:

Future gross dividends will depend on the Company’s ability to generate profits, its financial position, its development strategy and all other factors that the Board of Directors considers relevant.

As of 31 December 2023, the subscribed share capital amounted to €36,878,416.05, divided into 35,122,301 ordinary shares. These shares represent 40,554,817 theoretical voting rights.

As of 31 March 2024, and at the date of preparation of this Document, the share capital amounted to €36,969,976.05, divided into 35,209,501 ordinary shares. The difference between the number of shares and voting rights is due to the existence of double voting rights.

The difference between the theoretical number of voting rights and the actual number of voting rights corresponds to the number of treasury shares.

The ordinary shares are freely transferable, they are either registered shares or bearer shares as decided by the shareholder.

On 11 March 2022, ALTEN set up a syndicated loan agreement for a maximum total amount of €350,000,000 for a maximum term of 7 years. This syndicated loan is designed to fund the ALTEN Group’s operating needs as well as its investment’s and external growth operations.

ALTEN also made several acquisition agreements in the last financial years, under which it has carried out targeted external growth transactions of limited size in respect of the Group’s overall size.

To date, the Company has not entered into any other significant agreements, other than those concluded in the normal course of its business, that bind the Group as a whole to any significant obligation or commitment.

No member of the Group has entered into any agreement outside the normal course of business that contains provisions binding on any Group member to a significant obligation or commitment for the Group as a whole at the publication date of this Universal registration document.

None.

These agreements concluded and authorised during previous financial years, the execution of which continued during the past financial year, were examined by the Board of Directors on 22 February 2024, which noted their continuation in 2024, with the exception of one agreement.

The renewal of the commercial lease dated 28 July 2011 was concluded on 23 June 2021 between ALTEN and SIMALEP, a non-trading company (Société Civile) with capital of €1,524.49, whose registered office is located at 221 Bis Boulevard Jean Jaurès, Boulogne-Billancourt (92100), registered in the Nanterre Trade and Companies Register under number 329 341 101 with effect from 1 May 2021. This lease covers 444 m2 of office space on the first floor of a building located at 119-121 Grande Rue, in Sèvres (92310), for a total annual rent of €112,439.07 excluding tax, which may be revised each year in accordance with the change in the tertiary sector rental index.

SIMALEP is 75% owned by Simon AZOULAY, who is also manager of the latter. Emily AZOULAY, a Director of ALTEN SA, also holds a 25% stake in SIMALEP.

The conclusion of this lease was approved by the General Meeting on 22 June 2022.

In 2023, the amount billed to ALTEN SA for rents came to €121,070.04 excluding tax and for expenses €57,116.68 excluding tax.

ALTEN occupies three other floors in this building under leases signed with third parties. This agreement provides ALTEN with office space for its teams while enabling it to benefit from the same lease conditions as those offered by third party lessors for similar premises.

A commercial lease was entered into on 23 June 2021 between ALTEN and SEV 56, a non-trading company (Société Civile) with capital of €5,882.00, whose registered office is located at 40 avenue André Morizet, Boulogne-Billancourt (92100), registered in the Nanterre Trade and Companies Register under number 792 946 782, with effect from 1 May 2021. This lease covers 1,012 m2 of office space on the fifth and eighth floors of a building located at 119-121 Grande Rue, in Sèvres (92310), for a total annual rent of €226,448.44 excluding tax, which may be revised each year in accordance with the change in the tertiary sector rental index.

SEV 56 is managed and partly owned by Simon AZOULAY.

The conclusion of this commercial lease was approved by the 2022 General Meeting.

In 2023, the amount billed to ALTEN SA for rents came to €246,374.69 excluding tax and for charges €132,548.66 excluding tax.

ALTEN occupies three other floors in this building under leases signed with third parties. This agreement provides ALTEN with office space for its teams while enabling it to benefit from the same lease conditions as those offered by third party lessors for similar premises.

A sublease was agreed on 18 January 2017 between ALTEN and SEV 56, a non-trading company (Société Civile) with share capital of €5,882.00, whose registered office is located at 40, avenue André Morizet in Boulogne-Billancourt (92100), registered in the Nanterre Trade and Companies Register under number 792 946 782, relating to 2,947 m2 of property and 106 parking spaces, located at 77 to 83, avenue Édouard Vaillant (Boulogne-Billancourt), 80 to 84, rue Marcel Dassault, 4 to 18, rue Danjou in Boulogne-Billancourt, for an annual rental of €320 per square metre excluding tax and €1,050 per parking space, adjusted annually based on changes in the national commercial rent index.

SEV 56 is managed and owned by Simon AZOULAY.

The signing of this sub-lease agreement was approved by the General Meeting of 22 June 2017.

The restructuring of the historic site on avenue Jean-Jaurès, in Boulogne-Billancourt (92100), enabled the number of square metres of office space to be increased and new employees to be assigned to the site. The agreement was therefore terminated amicably on 28 February 2023.

In 2023, the amount billed to ALTEN SA for rents came to €300,639.65 excluding tax and for charges €88,269.52 excluding tax.

ALTEN and its subsidiaries benefited from a large rental area made available within a confined area around its registered office. The amount of rent invoiced to ALTEN by SEV 56 was in line with what is usually charged by third-party lessors for this type of premises.

SGTI and ALTEN entered into a service provision agreement on 3 July 2009. Under this agreement, ALTEN SA performs administrative services for SGTI. This agreement was approved by the Combined General Meeting of 19 June 2012.

At 31 December 2023, SGTI, chaired by Simon AZOULAY, held 9.96% of the Company’s share capital and 17.45% of the voting rights.

An amendment to this agreement was signed on 26 February 2020.

This amendment specifies, for the services delivered by ALTEN to SGTI, the use of ALTEN’s postal address located at 40 avenue André Morizet, Boulogne-Billancourt (92100), France by SGTI. This amendment was authorised by ALTEN's Board of Directors on 18 February 2020, which considered that it was an accessory service to the services already provided by ALTEN and that the direct debit would facilitate the services provided by ALTEN (receipt of mail at the same address in particular).

This amending amendment was approved by the General Meeting on 18 June 2020.

ALTEN invoiced a flat-fee sum of €15,000 excluding tax in respect of the 2023 financial year.

Financial gain generated by ALTEN under this agreement.

None.

None.

Represented by Mr Jean-Marc DISCOURS and Mr Xavier NIFFLE, Tour EQHO, 2, avenue Gambetta, CS 60055, 92066 Paris La Défense Cedex.

Date of first appointment: 18 June 2015.

Date of renewal: 28 May 2021.

Term of office expires on: Ordinary General Meeting to be held in 2027 called to approve the financial statements for the financial year ending 31 December 2026.

Represented by Mr Jean-François BALOTEAUD, 29, rue du Pont, 92200 Neuilly-sur-Seine, France.

Date first appointed: 25 June 2003.

Reappointment dates: 23 June 2009, 18 June 2015 and 28 May 2021.

Term of office expires on: Ordinary General Meeting to be held in 2027 called to approve the financial statements for the financial year ending 31 December 2026.

The documents listed below, or a copy of these documents, may be consulted, during the validity period of the Universal registration document, at the registered office of ALTEN (40 avenue André Morizet, 92100 Boulogne-Billancourt, France), and on the Company’s website (www.alten.com), without prejudice to the documents provided at the registered office or on the Company’s website pursuant to applicable laws and regulations:

• ●the latest updated version of the Company’s Articles of Association;
• ●any and all reports, letters or other documents, evaluations and statements prepared by experts at the request of the Company, of which a portion is included or referred to in the Universal registration document.

“I certify that the information contained in this Universal registration document is, to the best of my knowledge, true to the facts and does not contain any omission that would alter its scope.

I declare, to the best of my knowledge, that the financial statements have been prepared in accordance with the applicable accounting standards and provide an accurate picture of the assets, financial position and results of the Company and its subsidiaries, and that the management report contained in this Document, as specified in the section below "8.7.2 / Cross-reference table of the annual financial report and management report" page  8.7.2, gives a fair presentation of the business trends, the results and the financial position of the Company and its subsidiaries and describes the main risks and uncertainties that these companies currently face”.

Signed in Boulogne-Billancourt (France) on 26 April 2024.

Simon AZOULAY – Chairman and Chief Executive Officer

To facilitate the reading of this Universal registration document, the cross-reference table presented below can be used to identify the main information items required by the Appendices 1 and 2 of European Regulation 2019/980 of 14 March 2019.

ADP: Allocation of Preferred Shares.

AI: Artificial intelligence.

Allocation of free performance shares (AGAP): a transaction whereby the Company allocates rights to free shares, subject to presence and performance conditions.

Allocation of free shares (AGA): a transaction whereby the Company allocates rights to free shares, without performance conditions. The vesting of these shares is subject to a continued presence condition.

Audit Committee: this committee is defined on page 106. 

Bearer share: share held by a shareholder whose identity is not known to the issuing company.

CGU: Cash-Generating Units.

Company: the Company is the parent company, ALTEN SA.

Consolidated financial statements: the consolidated financial statements include all the financial statements of the companies that make up the ALTEN Group, in order to present the financial position as if they were a single entity.

Corporate Officers: refers to the Chief Executive Officer, the Chairman of the Board of Directors, the Directors and, where applicable, any Deputy Chief Executive Officers who may be appointed. ​

CSR Committee: this committee is defined on page 108.

CSRD (Corporate Sustainability Reporting Directive): Directive (EU) 2022/2464 of 14 December 2022 on the publication of sustainability information. The CSRD came into force for the reporting to be carried out in 2025 in respect of the 2024 financial year (Universal registration document 2024).

Dividend: the dividend is the portion of net profit or reserves that may be distributed to shareholders. ​ The amount of the dividend is proposed by the Board of Directors and then approved by the Annual General Meeting of Shareholders, following approval of the accounts for the previous financial year.

Double voting rights: double voting rights are an exception to the legal principle that the number of votes attached to shares must be proportional to the proportion of capital they represent (the "one share, one vote" principle). ​ It is presented in the section  8.1.2.3.4 / Double voting rights (Article 14 of the Articles of Association).

EMS: Environmental Management System.

ETC: Engineering and Technology Consulting.

FCP: Fonds Commun de Placement (mutual fund).

FCPE: Fonds Commun de Placement d'Entreprise (company mutual fund).

FIFO method: “first in first out” method.

Free cash flow: the definition is presented on page 200.

French Financial Markets Authority (AMF - Autorité des Marchés Financiers): an independent public stock exchange authority, whose mission is to ensure the protection of savings invested in financial products, investor information and the proper functioning of the markets.

GDPR: General Data Protection Regulation.

Goodwill: the definition is presented on page 218.

GRI: Global Reporting Initiative.

IFRS: International Financial Reporting Standards.

IoT: Internet of Things.

LEI: the LEI is a unique, worldwide identifier in the form of a 20-character alphanumeric code.​ It is linked to key reference information. Developed by the International Organization for Standardization (ISO), the LEI is mandatory for all transactions in listed financial instruments: it provides a clear and unique identification of legal entities involved in such transactions.

MAR Regulation: European Regulation No. 596/2014 of 16 April 2014 on market abuse.

Middlenext Code: Corporate governance code comprising a set of recommendations drawn up by Middlenext, as amended in its September 2021 version, and to which the Company refers. ​

SOCA : services other than certification of accounts.

Net cash position: the definition is presented on page 200.

Operating margin rate: a financial measure that evaluates a company's operating profitability as a percentage. ​

Operating profit on activity (OPA): the definition is presented on page 200.

Organic growth: the definition is presented on page 200. 

PAC: Cabinet Pierre Audoin Conseil.

PEE: Company Savings Plan, an employee savings scheme.

Pre-emptive subscription rights (PSR): advantage conferred by Article L. 225-132 of the French Commercial Code on the shareholders of a French limited company (Société Anonyme), enabling them, for a given period of time, to exercise a pre-emptive right to acquire new shares on the occasion of a capital increase, in accordance with the conditions laid down by the Extraordinary General Meeting.

R&D: Research and Development.

Registered share: share held by a shareholder whose identity is to the issuing company.

Remuneration and Nomination Committee: this committee is defined on page 107. 

RSI: site manager engineer.

Scope of consolidation: the scope of consolidation includes all entities whose accounts must be consolidated with the parent company of the ALTEN SA Group. These are the entities that are directly and indirectly controlled by ALTEN SA and that are not expressly excluded from the scope of consolidation.

Separate financial statements: the separate financial statements correspond to the annual financial statements of ALTEN SA (holding  company of ALTEN Group).

Share buyback: a financial operation in which a company acquires its own outstanding shares on the market.

Shareholding: shareholding refers to owning or holding part of the share capital of a company.

SI: Sustainability information.

Theoretical voting rights: total number of voting rights. ​

Treasury shares: share that a company holds in its own capital. Shares held in treasury have no voting rights and are not entitled to dividends. ​

UCITS: Undertakings for Collective Investment in Transferable Securities, are collective investment vehicles. These entities pool the capital of several investors in order to invest them collectively on the financial markets, according to a defined strategy.

Voting rights in GM (or exercisable voting rights): actual number of voting rights less shares stripped of voting rights.

Work Package: services, i.e. a set of activities to design and produce services or products, subcontracted and managed within a project with a commitment to results, involving the Technical Division and its own methods and tools. ​