Press release
17 May 2024 - N 08
SCOR's Combined General Meeting of 17 May 2024
SCOR shareholders adopt all the proposed resolutions, as SCOR further enhances
its sustainability strategy
The Combined General Meeting of SCOR SE was held on 17 May 2024, at the Group's
headquarters at 5, avenue Kléber, 75016 Paris, and was chaired by Fabrice
Brégier, Chairman of the Board of Directors of SCOR SE.
All the resolutions proposed by the Board of Directors were approved by the
General Meeting.
The General Meeting approved the payment of a dividend of EUR 1.80 per share for
the 2023 financial year. The coupon date is set at 21 May 2024 and the payment
date at 23 May 2024.
The General Meeting approved the renewal of the director mandates of Patricia
Lacoste and Bruno Pfister.
It also approved the appointment of Mazars and KPMG S.A. as statutory auditors
responsible for auditing the sustainability information.
Finally, Claude Tendil's term of office ended at the close of today's Annual
General Meeting, in accordance with article 10 of the bylaws, which sets the age
limit for directors at 77 years old.
Fabrice Brégier, Chairman of the Board of Directors, would like to thank Claude
Tendil on behalf of the Board for all the valuable contributions he has made
over more than 20 years as a SCOR director.
The details of the resolution voting results have been posted on the company's
website at: https://www.scor.com/en/2024-shareholders-meeting.
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During the General Meeting, Thierry Léger, Chief Executive Officer of SCOR,
announced further enhancements to the Group's sustainability strategy.
To align with the Paris agreement and with the science-based trajectory of
1,5C(1), SCOR has set its first interim target relating to companies having
their headquarters in Europe for its Property & Casualty direct insurance and
facultative reinsurance books of business (commercial lines as per the PCAF(2)
perimeter when reliable data is available). Using the PCAF methodology (version
1 dated November 2022), SCOR aims to achieve a reduction of 23% in the intensity
of its GHG(3) emissions by 2030 versus the end of 2022.
SCOR will make all reasonable efforts to reach its interim target of -23% by
2030. Achieving this target, however, is highly dependent on externalities
outside of SCOR's control. The actions and policies of different governments,
and the transition of all stakeholders toward decarbonization of the real
economy, are all crucial to align the world to the Paris agreement. Other
factors linked to climate science, political, geopolitical, economic and
regulatory developments which are outside of SCOR's control may impact SCOR's
ability to deliver on its target. Without decisive and global action by
governments, SCOR will not be able to achieve its target, and the world will not
be able to reach a 1.5C trajectory.
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SCOR, a leading global reinsurer |
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As a leading global reinsurer, SCOR|
offers its clients a diversified and|
innovative range of reinsurance and|
insurance solutions and services to|Media Relations
control and manage risk. Applying "The|Alexandre Garcia
Art & Science of Risk", SCOR uses its|media@scor.com
industry-recognized expertise and|(mailto:media@scor.com)
cutting-edge financial solutions to|
serve its clients and contribute to the|
welfare and resilience of society. |
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|Investor Relations
The Group generated premiums of EUR|Thomas Fossard
19.4 billion in 2023 and serves clients|tfossard@scor.com
in around 160 countries from its 35 |(mailto:tfossard@scor.com)
offices worldwide. |
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For more information, visit:|
www.scor.com (http://www.scor.com/en/) |Follow us on LinkedIn
|(https://www.linkedin.com/company/sco
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All content published by the SCOR group since January 1, 2024, is certified
with Wiztrust. You can check the authenticity of this content at wiztrust.com
(https://protect.wiztrust.com/en).
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(1) The 1,5C science-based trajectory refers to the goal outlined in the
context of global efforts to address climate change to limit global warming to
an increase of no more than 1.5C above pre-industrial levels.
(2) The Partnership for Carbon Accounting Financials.
(3) Greenhouse gases.
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