Atradius N.V.

Company name
File:Bijdrijfs Logo.svg
Quick Facts
Type	Public
sector	subsector
Headquarters (Benelux Organization)	Stad, Land
Year of Origin	jaartal
Emissions (All Scopes)	XXX Megatons of CO2 (2020)
Total Revenue	USD$XXXX billion (2020)
Stock Exchange	Bijv. Tokio, Amsterdam
Key People	Only the executives, Supervisory board in Company Structure
Number of Employees	XXX
Subsidiaries	dochterbedrijf 1 dochterbedrijf 2

Atradius provides trade credit insurance, surety and collections services worldwide through a presence in more than 50 countries around the globe. It is the credit insurance arm of Grupo Catalana Occidente (GCO.MC). Credit insurance, bonding and collections products help protect companies throughout the world from payment risks associated with selling products and services on trade credit. In 2019 the company had revenues of EUR 2 billion. The company is rated ‘A (excellent) outlook stable’ by AM Best and ' A2 outlook stable’ by Moody's.

Company Structure

The now international group was renamed Atradius in 2004. In 2008 the group merged with the Spanish credit insurer Crédito y Caución, founded in 1929, and subsequently gained an additional foothold in the Spanish speaking world. Atradius forms part of Grupo Catalana Occidente (GCO.MC), one of the leading insurers in Spain and worldwide in credit insurance. Grupo Catalana Occidente holds 36% of Atradius shares directly, and 64% indirectly through its subsidiary Grupo Compania Espanola de Credito y Caucion.

The Atradius Group today is the amalgamation of a number of international trade credit insurers and affiliated organisations from around the world. Although now Spanish owned, the holding company Atradius N.V. and its headquarters remain in Amsterdam, The Netherlands.

Board of Directors

Executive Board

Name	Function	Remuneration x1000 EUR
David Capdevila	CEO
Andreas Tesch	Market Officer
Christian van Lint	Risk Officer
Claus Gramlich-Eicher	CFO
Marc Henstridge	Insurance Operations

The total remuneration in 2020 amounted to Euro 3.300.000,--. No details available.

Accountant

What is the companies accountant?

Main Activities

In a few sentences, describe the core activities of the company. In a bit more detail than in the introduction.

Government

To what extent can the government influence company policy? (shareholder, licensing authority, client etc.) Has company received NOW support or royal status?

Paris Agreement to Today

What has company done or refused to do since the Climate Accord of Paris? Per company, where applicable refer to research on the benefits of fossil companies in the form of subisidies etc.

The Annual Report 2016 states on p. 46: As a financial services firm, our environmental impact is small compared to many other industries. However, our customers and other stakeholders still expect us to minimise our impact, and as a responsible business whose operations ultimately rely on natural resources, we are constantly looking at opportunities to make efficient and sustainable use of natural resources. To promote greater environmental responsibility, initiatives have been introduced in respect of energy use, recycling and waste disposal, transportation and procurement. We are a member of the United Nations Global Compact. The Global Compact’s 10 principles resonate highly with our values. The Global Compact focuses on four core areas, to which we respond in different ways. To learn more about our commitment to the UNGC’s 10 principles, please see our Communication on Progress Report.

The Annual report 2020 states on p. 52: The title of the Corporate Social Responsibility chapter in our annual report has been changed to Environmental, Social and Governance (ESG) Sustainability to reflect the renewed ambition, as well as its wider scope and involvement. In 2020, we also established the Group Sustainability Committee to guide and support our ambitions on a senior level. The Sustainability Committee has consulting and decision-making duties in relation to the development of sustainability and embedding it in the group’s strategy. The Sustainability Master Plan goals are amongst others:

1. Offer a common working framework in the sustainability area for the entities that are part of Grupo Catalana Occidente, including Atradius.
2. Establish a work agenda to continue to promote sustainability for the period 2020-2023 and define responsibilities.

A few examples of ESG Sustainability initiatives that Atradius has undertaken are; creation of a ‘Group HR Policy’ and a ‘Group Human Rights Policy’, the Corporate Social Responsibility Tribe to increase awareness within the organisation through engagement and webinars, and an investigation of whether there is a need/demand from our customers for a ‘sustainable’ product. Comment: the last part sounds passive.

In the Annual reports from 2016 onwards, no reference is made to the Paris Agreeement 2015. However, at least since 2016 Environmental Key Performance Indicators are published, although it is not clear whether the figures refer to Atradius, or Atradius plus the parent company GCO.

Financial Results since 2015

This tabel is meant to indicate that the companies have plenty of money to make their company more sustainable. Clearly distinguish between Dutch data and international data.

Financial situation

Year	Revenue	Profit	Dividend
2015	1718 Billion EUR	178.200.000	71.210.000
2016	1761 Billion EUR	211.800.000	76.748.000
2017	1837 Billion EUR	186.200.000	83.869.000
2018	1898 Billion EUR	202.700.000	91.782.000
2019	2012 Billion EUR	227.708.000	102.859.000
2020	1094 Billion EUR	44.167.000	90.991.000
2021	1241 Billion EUR	240.249.000	XXX EUR

Omzet 2019 en vorige jaren nog aanpassen.

Scandals and controversies

Any dirt on the companies can be added here.

Current Emissions

Description of the emissions per scope. Critical analysis of (missing) information based on GHG protocol (probably most relevant for scope 3). Describe possible reduction trends.

Environmental Key Performance Indicators

Item	2019	2020	2021
Electricity usage kWh	9.911.723	6.911.448	7.576.044
Gas usage m^3	401.971	281.909	302.454
Employee air travel km	15.050.653	2.321.249	815.182
Employee rail travel km	2.648.104	711.238	450.240
Company lease car travel	9.168.351	6.331.731	5.662.071
Tonnes CO2 of energy+travel	13.868	6.642	6.927
Waste (tonnes)	693,7	560,4	814

Source: All items show a significant improvement. This could be largely related to the COVID-situation.

Total emissions XXX Megatonnes of CO2 (2020)

Scope 1	Scope 2	Scope 3
XXX Megatonnes of CO2 (2020)	XXX Megatonnes of CO2 (2020)	XXX Megatonnes of CO2 (2020)

Climate Policy and Plans

Description of the climate plans and policy of the company, with special focus on the goals for 2030 and 2050. Make sure to include the baseyear for their targets. Do the goals take the entire company and all scopes into account?

Due Diligence

Keep the broader context in mind. Is the company integer when it comes to deforestation, palm oil, biodiversity, human rights etc etc? Be critical in the sources used here.

Conclusion

Recap of the position and influence of the company. Are the climate plans of the company enough to be in line with goals of the Paris Agreement? Is the company doing enough? Are the companies targets realistic?