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Strengthening of our Group’s Corporate Governance

5 November 2020

Forbach, France, November 5, 2020 at 6 p.m. – La Française de l’Énergie (Euronext: LFDE – ISIN: FR0013030152) leader in industrial ecology, announces an improvement of its corporate governance.

Julien Moulin, Chairman and CEO, proposed to the Board of Directors, which accepted it, a change in the governance of the group.

After a first step taken ahead of its IPO in 2016 with the set-up of a board of directors mainly composed of independent and non-executive directors, a new step is announced today with the permanent separation of the functions of Chairman and Chief Executive Officer on the one hand and the appointment of Antoine Forcinal as Chief Executive Officer on the other hand. This new governance will make it possible to meet the most demanding criteria and best market practices when it comes to corporate governance.

French and Canadian, Antoine Forcinal has held the position of Deputy Managing Director of La Française de l’Energie for 5 years. Trained as a reservoir engineer, his career began as a production engineer on hydrocarbon fields in West Africa and then in the North Sea for Perenco where he was responsible for the management of production and associated reserves of more than 250 gas wells. From 2010 to 2014, he managed gas exploration and evaluation activities in Canada (Newfoundland and Labrador, Quebec) for SCDM Energy (a private holding company of the Bouygues family) before taking up 2015 the post of Deputy Managing Director and Geosciences / Reservoir Director of Foxtrot International (subsidiary of SCDM Energy), the leading energy company in Côte d’Ivoire. Antoine has been a member of the group’s Board of Directors for the past two years.

Julien Moulin comments: “This change is part of a continuous improvement’s process in the governance of La Francaise de l’Energie conducted with the full support of the entire Board of Directors. I am proud to see the company evolving towards an exemplary and professional dissociated governance to continue to best serve the interests of our group and its shareholders. I am also happy to remain an active Chairman and reference shareholder to continue to support the profitable and sustainable development of La Francaise de l’Energie”.

Antoine Forcinal declares: “I am proud of the confidence shown in me by the Board of Directors of La Française de l’Energie and Julien Moulin, and enthusiastic at the idea of continuing to grow our company by developing its unique positioning on the energy market. I will do my utmost to carry out my duties as Chief Executive Officer and protect the interests of our group, its shareholders, its employees and all of its stakeholders”.

With solid execution capabilities, a secure development plan and a strengthened corporate governance, La Française de l’Énergie confirms its ambition to actively participate in the ecological transition with the launch of new energy production sites in the former mining basins of France and Wallonia.

Next announcement:
December 3rd, 2020 – Shareholders’ meeting

 

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Promises won't impact
climate change.
Your local resources, will.

Climate change is an undeniable reality. We can already see its serious consequences for our planet. It is now urgent to act.

At FDE, we refuse to participate in initiatives that generate pollution beyond our borders, even if they reduce the carbon footprint of our local territories. Whether it is a question of carbon footprint or pollution, there are no limits.

It is our duty to build sustainable energy solutions that move towards global carbon neutrality. Today, the most resilient and sustainable energy solution is even more self-evident: it is imperative that energy remains local, within short supply chains, as close as possible to the needs of local communities and consumers.

Considering these, at FDE, we are taking actions and offering tailor-made, local multi-energy solutions.

By making the most of local resources, our offer enables us to provide territories with energies with a triple benefit: reduced carbon footprint, economically competitive and contributing to the socio-economic development of the area. We choose abandoned sites, make the most of the potential of local suppliers and service providers, and participate in a local center of expertise that involves universities, local authorities and associations in the local energy project.

FDE lacks neither the resources nor the know-how to deploy tailor-made energy solutions for everyone and for the planet.

Our engineers embrace the energy transition with a pragmatic view.

Recovering abandoned mine gas avoids fatal gas emissions into the atmosphere, while local coal gas reduces the need to import much more carbon-intensive gases. Abundant solar energy is both local and renewable.

To support the energy transition, at FDE, we are constantly innovating, looking for new solutions for the future, such as hydrogen, a decarbonized energy, or CO2 sequestration in coal.

In addition, all energy produced by our Group is designed to be more virtuous. All these processes therefore make FDE the only French energy producer with a negative carbon footprint.

HSE POLICY

In accordance with its values and code of ethics, and with the aim of pursuing the objective of:

  • Guarantee the integrity of our assets,
  • Ensure a safe and healthy working environment for its employees and subcontractors,
  • Guarantee the health and safety of all personnel working on and off-site,
  • Limit environmental impact.

 

FDE wishes to promote the following HSE principles:

Identify, prevent and control impacts and risks to health, safety, security and the environment,

Develop the company's activities in a sustainable and eco-responsible manner,

Improve the working environment for its employees and subcontractors.

Consequently, FDE undertakes to:

Ensure the rigorous application of regulatory procedures in force with respect to safety, health, environment and the preservation of public security,

Impose operational management with advanced criteria for environmental protection, pollution prevention and energy optimization, as part of the ecological transition,

Systematically verify compliance with HSE principles through audits and practical exercises, with the aim of continuously improving the system and its performance,

Define indices and performance indicators for monitoring HSE activities and promote benchmarking to identify areas for improvement,

Encourage employee participation and involvement in health, safety and environmental protection processes through training and creation of tools for sharing experience and knowledge.

This culture of risk prevention and control applies to all employees, partners and suppliers. It involves setting concrete objectives and deploying action plans as part of a continuous improvement process to better anticipate tomorrow's challenges. This policy is reviewed annually, as are the associated indicators and targets.

Antoine FORCINAL
Directeur Général,