Bouygues Telecom

Partnership agreements have been signed with companies in the timber sector from various countries (PiveteauBois, Stora Enzo, Fédération Nationale du Bois in France, CREE, etc). A partnership has also been signed with Wicona for the responsible sourcing of aluminium, which is over 75% recycled, for use in external joinery. However, in line with its Climate strategy, the Group believes that its decarbonisation actions should be rolled out in all of its activities, even those that are not considered to be aligned with the Green taxonomy, in order to make them as virtuous as possible. As part of its start-up acceleration programme, TF1 is partnering with Workflowers, which will provide content producers with a tool to measure and manage the carbon footprint of TV programmes. Innovations to reduce the carbon intensity of direct emissions were rolled out in 2021.

A The Paris Agreement aims to strengthen the global response to the threat of climate change by keeping the average global temperature rise well below 2° C above pre-industrial levels and by pursuing efforts to limit the temperature increase to 1.5° C above pre-industrial levels. The remuneration criteria of Executive Officers and the business segment heads include a range of climate strategy objectives . Each business segment has a dedicated structure charged with the roll-out of its specific climate strategy.

• Bouygues is a diversified services group operating in over 80 countries with 124,600 employees all working to make life better every day.
• With this acquisition, Bouygues will have exhausted its financial flexibility at A3, but some benefits to Bouygues’ business profile will mitigate the significant debt increase and weaker credit metrics caused by this transaction.
• ALICE Technologies’ construction simulation and optimization platform helps general contractors to leverage the power of artificial intelligence to plan, bid and build challenging, large-scale infrastructure and commercial projects more efficiently and with reduced risk.
• In many ways, the plan lacks detail, but it’s pretty clear that is essentially centred around the integration of Euro-Information Telecom , the alternative operator acquired by Bouygues Telecom last year; the deal received regulatory approvals and closed on 31 December.
• During preconstruction, Bouygues Travaux Publics team members will use ALICE for “optioneering” – to explore the scenarios that make the most efficient use of project resources and to test the impact of changes in key variables on project outcomes.

A positive rating action would also require a further enhancement of the group’s business risk profile and resilience to shocks in any of its major businesses. The overall coordination and oversight of the climate & biodiversity strategy is the responsibility of the Group’s Senior management. Every quarter, an ad hoc committee comprising the business segments meets to review progress on the roadmap. These events will inform suppliers about specific decarbonisation targets and identify with them the most appropriate actions to take. In 2021, the Group developed methods for calculating the level of carbon avoided by the products and services of the business segments.

Profile

Meanwhile, UAL keeps trying its hardest to present itself as a conscious and responsible anti-racist organisation. And the great majority of them — 78% according to a recent GMB report — are from black and can zilliqa reach 1 dollar in 2021 minority ethnic backgrounds, while three out of every five are from migrant backgrounds. These facts expose the lie of UAL’s aspiration of equal opportunities and the development of an inclusive culture.

• They launched a partnership initiative with their supplier and subcontractor ecosystems to identify practical carbon-reduction measures that can be implemented.
• The overall coordination and oversight of the climate & biodiversity strategy is the responsibility of the Group’s Senior management.
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• The Global Scale Credit Rating on this Credit Rating Announcement was issued by one of Moody’s affiliates outside the UK and is endorsed by Moody’s Investors Service Limited, One Canada Square, Canary Wharf, London E14 5FA under the law applicable to credit rating agencies in the UK.
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At Mobile World Congress 2022, I presented on a project I lead for my business unit to reduce the volume of reports by 25%, provide users access to insights in only two clicks, and onboard newcomers 70 times faster with Tableau. Bouygues Telecom is working with its main suppliers to reduce the carbon footprint of the equipment and products that it purchases. It has produced an environmental themes assessment questionnaire that all potential suppliers must complete at the tender stage and is included in the contractual swing trading for dummies book by omar bassal conditions. It covers aspects ranging from a complete assessment of a supplier’s environmental governance, to eco-design, the carbon footprint and a lifecycle analysis of products and services sold. In 2021, Bouygues ramped up its decarbonisation actions, in terms of its products and services and the internal operations of the Group’s business segments. Moody’s could upgrade Bouygues’ rating if, on a sustained basis, it recorded Moody’s-adjusted FFO/debt of more than 35% and Moody’s-adjusted FCF/debt in excess of 5%.

Pro forma for the acquisition of Equans, Moody’s estimates that the ratio of funds from operations /debt would be in the low to mid 20s in percentage terms compared with 36% previously projected for 2021. Moody’s assesses Bouygues’ exposure to environmental risks as low and to social risks as moderate, in line with our broader assessment for the construction and telecom sectors. The most important ESG considerations for Bouygues’ credit profile are related to governance. Moody’s acknowledges Bouygues’ track record of conservative financial policies including very prudent liquidity management, and transparent financial disclosures, albeit tempered to some extent by its decision to fully fund the proposed acquisition of Equans with debt and cash. In November 2021 Bouygues announced its acquisition of 100% of Equans, a global multi-technical services provider, from ENGIE SA for an enterprise value of EUR6.7 billion.

Business impact: Very positive results were obtained after the completion of the project

Bouygues’ A3 rating continues to reflect the group’s large scale; its position as one of Europe’s leading and most diversified construction groups; broadly conservative financial policy in recent years; and strong liquidity. Bouygues’ liquidity is excellent and supported by a cash balance of EUR4.7 billion as of 31 March 2022 and access to about EUR8 billion of available committed credit lines, which cover large seasonal cash flow movements and short-term new zealand dollar and canadian dollar debt. Bouygues established a EUR6 billion bridge facility to fund the Equans acquisition, which Moody’s expects will be refinanced through long-term bond issuances in a timely manner to maintain the company’s excellent liquidity profile. Bouygues’ A3 rating reflects the group’s large scale; its position as one of Europe’s leading and most diversified construction groups; broadly conservative financial policy in recent years; and strong liquidity.

The network integrity as a result was deteriorating due to non-compliant installations. According to Bouygues, its mobile market share excluding M2M stood at 16.4% in Q3 last year, putting it in fourth place behind Iliad with 18%, SFR with 24% and leader Orange with 30.3%, although it is bigger than Iliad when M2M customers are factored in. The telco’s mobile customer base at that date was 12.3 million, thus we can extrapolate that the addition of EIT’s 2 million customers would up its market share by somewhere between two and three percentage points. These proposals, including the appointment of an independent third-party assessor, have been accepted by CMA.

Send us an email with your name and your message at and we’ll get back to you as soon as possible. In August, a formal disciplinary action was started against Luis by his employer, Bouygues, and he was suspended as a result. Luis remains at home unable to work, while his colleagues are having to carry on without the support of their chosen union rep.

Sustainalytics’ Peer Performance Insights gives an in-depth analysis of your company’s ESG strengths and weaknesses compared to your competitors and industry performance. These insights can be used to identify areas of ESG improvement to help inform future management decisions that align with your organization’s sustainability goals. Helen Lee Bouygues is an experienced corporate director and senior executive with expertise in digital transformation, innovation and turnarounds. She is also creating a site for parents of children ages 7-14 to access material on how to incorporate critical thinking exercises in our daily lives. Helen is a former investment banker, private equity investor and former Partner at McKinsey & Company. She is known for her deep business transformation expertise and was named by leading French journals including Le Point, Express, La Tribune and Les Echos as one of the top five leading turnaround experts in France.

The planning process: Start with the end in mind

K Estimate by the business segments of the expenditure and investment necessary to achieve the climate targets . The percentage of Group sales aligned with green taxonomy criteria amounted to 35% in 2021. This covers primarily the property development activities, low-carbon transport infrastructure, the installation and maintenance of energy-efficient equipment, the production and storage of renewable energy and water and energy transport infrastructure.

Red Sea Insurance was an insurance company incorporated in Hong Kong, but with its head office located in Saudi Arabia. In its counterclaim Red Sea Insurance alleged that one of the co-plaintiffs, PCG, negligently supplied faulty pre-cast concrete building units, and that if it was liable at all, Red Sea Insurance would be subrogated to the claims of the other co-plaintiffs against PCG. I included several groups of stakeholders in this project including fellow data analysts, my internal clients and Bouygues Telecom’s Tableau centralised team so that everyone was aligned and could share any feedback on my methodology.

• It covers aspects ranging from a complete assessment of a supplier’s environmental governance, to eco-design, the carbon footprint and a lifecycle analysis of products and services sold.
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• Material ESG issues are issues that are considered to be financially material to a given company in a relevant sub-industry.

Bouygues Telecom’s boxes include sustainable development specifications, thereby extending their lifespan and facilitating repairs and end-of-life recycling. The redesign of the 4K TV Bbox in 2021 complied with CSR commitments such as reducing the carbon footprint and electricity consumption and increasing the use of recycled plastic. Bouygues Construction used concrete made from recycled aggregates for the Tramdepot Burgernziel project in Bern. Elsewhere, thanks to their “zero waste” initiative, the French building activities are now able to almost fully recycle 15 different types of material. Following trials in 2020, this initiative is now being rolled out to all operating units.

They take part to the projects

Please see for any updates on changes to the lead rating analyst and to the Moody’s legal entity that has issued the rating. As an organisation with a clearly defined sustainability strategy and key performance indicators, Bouygues has implemented and rolled out the Tool autonomously across their sites and contracts, placing sustainability at the forefront of their workforce’s priorities. The implementation of the Sustainability Tool enables a way to measure sustainability performance across all its offices and client sites in the UK. The implementation of the Sustainability Tool enables Bouygues to measure sustainability performance across all its offices and client sites in the UK. While areas of Bougues Telecom’s growth plan might seem a little vague – its intention to “benefit from” last year’s brand revamp, for example – adding customers, sub-brands and a broad distribution network via M&A is pretty straightforward. It’s questionable whether that will be enough to see it snag the number two spot in mobile in as little as five years, but it’s certainly a good start.

For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the credit rating action on the support provider and in relation to each particular credit rating action for securities that derive their credit ratings from the support provider’s credit rating. For further information please see the ratings tab on the issuer/entity page for the respective issuer on MJKK or MSFJ hereby disclose that most issuers of debt securities and preferred stock rated by MJKK or MSFJ have, prior to assignment of any credit rating, agreed to pay to MJKK or MSFJ for credit ratings opinions and services rendered by it fees ranging from JPY100,000 to approximately JPY550,000,000. The acquisition bears nevertheless integration risks due to its size and the decentralized nature of Equans’ operations that will need to be merged with Bouygues’ existing Energies and Services business, currently part of Bouygues Construction. In addition, the transaction, which is debt and cash funded, will significantly weaken Bouygues’ financial profile.

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In this case the facts were overwhelmingly connected with Saudi Arabia, and so Saudi Arabian law only should be applied to the relevant issue. Even though they had a good arguable case that there was a cause of action in tort under Saudi law, because they claim failed under Hong Kong law, it failed the dual actionability test, and therefore the claim was struck out. Red Sea Insurance Co Ltd v Bouygues SA 1 AC 190 is a judicial decision of the Privy Council relating to choice of law in tort.

The project at a glance

With this transaction, Bouygues will have nevertheless exhausted its financial flexibility. The affirmation assumes the continuation of Bouygues’ prudent financial strategy and policies in the coming years, despite this material debt-funded transaction, and that the group will look to integrate this substantial new asset and to rebuild its financial flexibility. Moody’s regards financial strategy and risk management as a governance consideration under its ESG framework.

ALICE Preconstruction Through construction optioneering, easily simulate “what if” scenarios and quantify the impact of potential decisions ALICE Manage Unleash the power of ALICE during the course of construction to resequence around delays and minimize cost and schedule problems. Following the decision of its Board of Directors, and after a rigorous and competitive process, ENGIE announces that it has entered into exclusive negotiations with Bouygues for the sale of 100% of EQUANS. Bouygues’ offer was the most compelling taking into account all criteria including financial valuation. Red Sea then amended its pleading and claimed that the proper law governing the relations between Red Sea and PCG was the law of Saudi Arabia, and that under Saudi Arabian law, Red Sea had a direct right of action against PCG. TeleGeography’s free daily telecom news service brought to you by the GlobalComms Database.

Methodology: Begin and end with the direct users

The major sources of emissions related to new technologies are the manufacture of equipment provided to users (smartphones, computers, screens, etc.) and the storage of data. The business segments’ targets and plans of action focus mainly on extending the lifespan of this equipment and on the quantity and location of this data (datacenters to be located in low-carbon electricity countries, for example). In 2021, the five business segments also adopted a Green IT strategy, which is based on a specific carbon audit that has identified a range of initial actions and set a number of quantified targets.