Valeo scored particularly well in the three areas identified by ISS ESG as key performance indicators for automotive suppliers: a portfolio of existing products that help reduce CO2 emissions, global management of social and environmental risks, and quality of the Group's governance.

ISS ESG singled out the quality and diversity of Valeo's product portfolio, including the 48V system, thermal management solutions for batteries and new-generation lighting systems, which all contribute to reducing vehicle CO2 emissions. This ranking underscores the relevance of the Group's strategy, which is based on innovation for the development of autonomous vehicles and reducing CO2 emissions. The rating agency had particular praise for the quality of the Group's governance, with a Board of Directors including independent members, and the positive results of its cross-functional sustainable development policy, which takes into account labor-related, social (supply chain, multilateral commitments) and environmental aspects in all of the Group's locations.

In 2018, products that directly or indirectly contribute to reducing CO2 emissions accounted for more than 50% of Valeo's original equipment sales. Half of Valeo's R&D expenditure - which approached 2.1 billion euros in 2018 - is dedicated to technologies that contribute to reducing CO2 emissions.

Jacques Aschenbroich, Valeo's Chairman and Chief Executive Officer, commented:

'Valeo's number one position in ISS-oekom's ESG performance ranking of global automotive suppliers is recognition of our entire approach to sustainable development, which is a fundamental part of our DNA. This includes our product strategy based on innovation in CO2 emissions reduction and the autonomous vehicle, our management of social and environmental risks and our exemplary governance. It goes without saying that this honor is an immense source of pride for all of Valeo's teams.'

About ISS ESG

ISS ESG is the responsible investment arm of Institutional Shareholder Services Inc., the world's leading provider of environmental, social, and governance solutions for asset owners, asset managers, hedge funds, and asset servicing providers. With more than 30 years of corporate governance expertise and 25 years of providing in-depth responsible investment research and analytics, ISS ESG has the unique understanding of the requirements of institutional investors. With its comprehensive offering of solutions, ISS ESG enables investors to develop and integrate responsible investing policies and practices, engage on responsible investment issues, and monitor portfolio company practices through screening solutions. It also provides climate data, analytics, and advisory services to help financial market participants understand, measure, and act on climate-related risks across all asset classes. In addition, ISS ESG delivers corporate and country ESG research and ratings enabling its clients to identify material social and environmental risks and opportunities. Along with these robust ESG offerings, the unit provides institutions with an established standard in measuring, analyzing, projecting, valuing, and discounting a firm's underlying economic profit.

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Valeo SA published this content on 12 June 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 June 2019 07:03:01 UTC