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                        Compliance at Airbus

                        Airbus’ response to the conclusion of investigations by the French, UK and US authorities

                        This microsite provides all of the information that we can disclose around the investigations and our efforts to improve compliance. We are not able to comment on details of the investigations themselves. 

                        The settlements we have reached today turn the page on unacceptable business practices from the past. The strengthening of our compliance programmes at Airbus is designed to ensure that such misconduct cannot happen again. The agreements also reflect that the decision to voluntarily report and cooperate with the authorities was the right one. The commitment from the Board, and its Ethics and Compliance Committee, to provide full support to the investigation and the implementation of globally recognised compliance standards have paved the way to today’s agreements.

                        Denis Ranque, Chairman of the Board of Directors of Airbus

                        The agreements approved today with the French, UK, and US authorities represent a very important milestone for us, allowing Airbus to move forward and further grow in a sustainable and responsible way. The lessons learned enable Airbus to position itself as the trusted and reliable partner we want to be.

                        Guillaume Faury, Chief Executive Officer of Airbus

                        What steps is Airbus taking to improve compliance?

                        Airbus has taken considerable steps since the start of the investigations to design and implement an effective Ethics & Compliance programme and culture across Airbus. In the CJIP, the Agence Francaise Anticorruption (“AFA”) notes that Airbus has worked on designing a compliance programme that is “up to the very highest standards of practice”, and that this has been “achieved”.

                        There were various steps and milestones that helped us get to where we are today.

                        From 2015 to 2017, as compliance concerns were being identified, Airbus implemented key personnel and structural changes as part of its efforts to remediate the historic conduct and to develop an improved E&C programme. Examples of key changes during this time period were:

                        • Hiring of a new Airbus General Counsel, with that role being elevated to the Executive Committee, and merging the Legal and Compliance functions into one department;
                        • Shortly after, hiring of a new Chief Ethics & Compliance Officer;
                        • Creation of a dedicated Ethics & Compliance Committee of the Board to oversee the investigations and implementation of the Company’s compliance programme and organisation. Composed entirely of independent directors.
                        • Significant reduction in the use of sales intermediaries / business partners across the Group, coupled with the implementation of new policies and procedures to govern the engagement of any new ones (BDSI Directive);
                        • Launch of an enterprise-wide anti-bribery and corruption risk assessment with the highest risk areas considered first;
                        • Issuance of new key anti-bribery policies and procedures, including the Anti-Corruption Policy and Gifts & Hospitality Directive;
                        • Deployment of classroom training focusing on employees exposed to the risks presented by the use of business partners across all Divisions worldwide; and
                        • Appointment of an Independent Compliance Review Panel of three internationally renowned compliance experts on how to further improve Airbus’ compliance processes, policies, organisation and culture.

                        Throughout 2018 and 2019, Airbus continued to implement significant adjustments to its Ethics & Compliance programme with the objective of completing the design and initial implementation of a compliance programme that aligns with and exceeds best practices. Examples of steps taken by Airbus to further enhance the programme are: 

                        • Re-drafting and re-launch of the company’s Code of Conduct, which is the overarching guide for Airbus’ expectations in respect of ethics and compliant behaviour;
                        • Issuance of new procedures regarding how Airbus handles other key third party relationships, in particular supplier relationships, to ensure they undergo risk-based due diligence and that any red flags are investigated appropriately;
                        • Enhancing the various avenues through which employees and relevant third parties can escalate compliance allegations, in particular through expansion of the OpenLine “hotline” service;
                        • Implementing steps to address the various recommendations of the Independent Compliance Review Panel;
                        • Implementing a suite of “second level” controls to assess the effectiveness of the Ethics & Compliance programme so that weaknesses and gaps can be identified and addressed.
                        • Implementing improved export control policies and procedures, and conducting an ambitious compliance training programme.

                         

                        Are you planning any further changes?

                        An effective Ethics & Compliance programme is one that, by definition, continuously adapts to changes and improves over time. Going forward, Airbus will continue to assess its risks and monitor and test the implementation of mitigation measures at all levels: corporate level, divisions, regions and local entities.

                        If misconduct reveals a gap in compliance policies, procedures or tools, Airbus undertakes revisions to its Ethics & Compliance programme commensurate with the wrongdoing and in light of lessons learned. While compliance at Airbus will therefore always be a work in progress, Airbus is committed to this endeavour, as the company aims to make its Ethics & Compliance programme sustainable over time.

                        Detailed timeline of compliance actions

                        Compliance initiatives

                        The timeline below provides a snapshot of the numerous developments in compliance over the past several years.

                        2015   

                        A series of actions are undertaken including:

                        • Appointment of a new General Counsel and new Chief Ethics & Compliance Officer.
                        • Merger of the Legal and Compliance teams to work under one banner (Legal & Compliance).
                        • Update of the compliance policy dealing with sales intermediaries / business partners (BDSI Directive).
                        • Launch of a significant “business partner” awareness campaign, with training delivered to more than 1,500 affected employees over a 6-month period.

                        2016   

                        A series of actions are undertaken including:

                        • Launch of an enterprise-wide anti-bribery and corruption risk assessment.
                        • Issuance of a new Anti-Corruption Policy, to provide employees with a single and unique guide on anti-bribery and corruption-related matters.
                        • Issuance of a second update to the BDSI Directive, with enhanced compliance controls related to the payment and monitoring of third parties.
                        • Issuance of a new Gifts & Hospitality Directive, containing monetary thresholds above which line management and compliance approval are required prior to exchange.
                        • Issuance of a new Anti-Money Laundering Directive, which provides for standardised due diligence on customers and the appointment of a new AML Officer.

                        2017

                        A series of actions are undertaken including:

                        • Issuance of a Lobbyists & Special Advisors Directive, which provides for standardised due diligence on lobbyists, political and economic advisors and similar third parties.
                        • Issuance of a new Sponsorship & Donations Directive, to provide for standardised due diligence and a set of triggers for requiring compliance review and approval.
                        • Appointment of an Independent Compliance Review Panel of three internationally renowned compliance experts on how to further improve Airbus’ compliance processes, policies, organisation and culture.
                        • Start of delivery of targeted anti-corruption training to sales intermediaries / business partners and other third parties.

                        2018

                        A series of actions are undertaken including:

                        • Issuance of a new International Cooperation & Offsets Method, to provide a due diligence framework for the vetting of third parties used engaged in the context of international cooperation and offset activities.
                        • Issuance of a new HR Method on how to manage applications, recommendations and referrals for recruitment at Airbus, in particular to avoid actual or perceived conflicts of interest with respect to clients and former government officials.
                        • Issuance of a Compliance Allegations and Investigations Method, to ensure that investigations into whistle-blowing alerts and other compliance allegations are conducted in a consistent and professional manner in accordance with company standards and relevant laws.
                        • Issuance of a new JV-M&A Directive, which defines the requirements for the prevention of corruption related to mergers and acquisitions, joint ventures and similar transactions.
                        • Delivery of the first report by the Independent Compliance Review panel, with recommendations designed to strengthen Airbus’ compliance programme and culture.

                        2019

                        A series of actions are undertaken including:

                        • Launch of a new Code of Conduct, to serve as the overarching guide in respect of ethics and compliant behaviour.
                        • Re-launch of the Airbus network of E&C Representatives, or part-time “ambassadors”, to act as vectors for cultural change and a strong E&C presence locally.
                        • Extension of the geographical coverage of the OpenLine, the company’s secure and confidential Speak-Up channel, opening to third parties and inclusion of a new anonymity option.
                        • Issuance of a new Supplier Compliance Method, which provides for standardised due diligence on first-tier suppliers (other than business partners, lobbyists, etc.)
                        • Issuance of a new Conflicts of Interest Directive, requiring employees faced with a conflict of interest to proactively declare it to the compliance team.
                        • Delivery of the second report by the Independent Compliance Review panel.

                        Compliance disclosures, references and key documents

                        Airbus has been as transparent as possible within the parameters of the ongoing investigation by providing regular updates to stakeholders. The links below lead to press releases and financial statements that cover compliance topics:

                        o  Airbus reports Nine-Month (9m) 2019 results; delivery and FCF outlook updated, EBIT Adjusted guidance maintained

                         Airbus reports Half-Year (H1) 2019 results

                         Airbus reports First Quarter (Q1) 2019 results

                        o   Airbus reports strong Full-Year 2018 results, delivers on guidance

                        o   Airbus reports Nine-Month (9m) 2018 financial results

                        o   Airbus reports Half-Year 2018 (H1) financial results

                        o   Airbus reports First Quarter (Q1) 2018 results, confirms guidance

                        o   Full-Year 2017 results: Airbus overachieved on all key performance indicators

                        o  Munich Public Prosecutor ends Eurofighter Austria investigation

                        o  Airbus Provides Update on Legal Cases

                        o  Airbus reports Nine-Month (9m) 2017 results

                        o  Airbus files legal submission to Vienna Public Prosecutor in Eurofighter case

                        o   Airbus reports Half-Year (H1) 2017 results

                        o   Airbus establishes new Independent Compliance Review Panel

                        o   Ad-Hoc release: Airbus reports First Quarter (Q1) 2017 results

                        o   Ad-hoc release, 16 March 2017: Airbus to cooperate with France’s Parquet National Financier in preliminary investigations

                        o   Ad-hoc release, Airbus delivers Full-Year 2016 results in line with guidance

                        o   Ad-hoc release, 26 October 2016: Airbus Group Reports Nine-Month (9m) 2016 Results

                        o   Airbus-Group-9m-2016-Financial-Statements

                        o   Ad-hoc release, 7 August 2016: Airbus Group Statement On Proceedings Regarding European Credit Agencies Disclosure

                        o   Ad-hoc release, 27 July 2016: Airbus Group Reports Half-Year (H1) 2016 Results

                        o   First half-year 2016 Financial Report 

                        o   Ad-Hoc release: Airbus Group Reports First Quarter (Q1) 2016 Results

                        o   Ad-hoc release, 1 April 2016: Airbus Group Announcement on U.K. Export Credit Financing

                        o   Airbus Group SE Financial Statements 2015

                        Airbus has also ensured that all employees, suppliers and customers are aware of its rigorous compliance requirements with the following key documents below that must be adhered to:

                        o   Anti-Corruption Policy

                        o   Supplier Code of Conduct

                        o   Code of Conduct

                        Ethics & Compliance

                        Ethics & Compliance

                        Creating a culture that makes employees and partners aware of their responsibility

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