SUMMARY OF THE REMUNERATION PROCEDURE

Atlante Gestion has adopted a remuneration policy that respects the rules of the labor law and the provisions common to the AFG, the AFIC and the ASPIM.

It covers the situation of managers and employees.

Atlante Gestion ensures the respect of a prudent balance between a financial situation and the attribution, the payment or the acquisition of variable remunerations by the managers and the employees. This policy is built around the key concepts of the prevention of excessive risk taking and the alignment of the interests of the Management Company, its staff, the managed FIAs and the investors. It is subject to an appropriate monitoring and control process.

The fixed salary is the essential part of the remuneration policy.

Moreover, in accordance with the regulatory principles, the employment contracts do not contain any clause granting a guaranteed variable remuneration to the employees of Atlante Gestion. The variable part has an incentive and loyalty character for the greatest number of employees of the company. The separation between the fixed and the variable components is absolute. The variable part of each employee is determined according to qualitative and quantitative objectives (approximately 50/50).

Within the framework of its remuneration policy, Atlante Gestion applies the principle of proportionality because of its size, its internal organization and the nature, scope and complexity of its activities.

The remuneration of the directors is determined on the basis of the powers vested in them, the mandate entrusted to them, the expertise they possess and the responsibilities they assume. In accordance with the company’s bylaws, the officer does not participate in the decision to set his or her own compensation.

The remuneration policy elaborated by Atlante Gestion is brought to the knowledge of all the employees at the time of hiring and is permanently accessible on the internal network of the company and its summary is published on the website.

MAINE COLLEGES 72

€61 million

Sociale Infrastructure

Sarthe region

Lead investor in the construction and rehabilitation of four middle schools in the Sarthe region, located in Arnage, Coulaines, Le Mans and Noyen-sur-Sarthe to receive 2,300 students.

The project is in the operation phase since 2019.

LABEL - CERTIFICATION​

The project was subject to carbon assessment. Seeing the results, in end-January 2018, CERTIVA awarded MAINE COLLEGES 72 permanent HQE (high environmental quality) certifications for the “Programme Design” phase for each of the schools. The permanent HQE certification for the “Development” phase was awarded in November 2019 for all the schools.

As of November 2019, MAINE COLLEGES has also been awarded the Effinergie + label. This label testifies to the improvement in the buildings’ energy efficiency in relation to the 2012 Réglementation Thermique (the 2012 Heat Regulation).

Water management

Wastewater is let into the wastewater sewerage systems of the towns concerned.

A rainwater harvesting system is planned for sanitary use, so as to cover 10% of the water requirements for toilet bowls and urinals in the toilet facilities.

Waste management

Implementation of waste segregation.

All materials used in the construction have zero or very low VOC (Volatile Organic Compounds) levels.

Energy efficiency

The schools were equipped with low temperature radiators that require 30% less energy to provide the same thermal comfort given their much larger contact surface with the ambient air.

Ceiling radiant panels that allow a more accurate monitoring of power consumption, have been installed in the canteens.

PV solar panels will be installed horizontally on the roof, covering a total area of 57.12 m2.

The kitchen appliances run on electricity and are equipped with an energy optimiser.

SOCIAL​ IMPACT

The project complies with contractual commitments in terms of first-time employment, namely 20,000 work hours, and in employing SMBs for which the recruiting rate is 40%.

Asbestos removal and demolition works are carried out during school vacations and the floors are hosed in case of heavy dust.

Instead of a rock-breaker, the alligator crusher is used with rubber mallets to avoid the noise of metal against metal