Half Year 2021 Valeo SE Earnings Call Transcript
(technical difficulty)
And the 50% is scoped downstream, all that is validated by the SBTI. And the management compensation is totally aligned with those target for the variable remuneration yearly and for the long-term incentives. We are recognized by the rating agencies, all of them. And you know that we entered the CAC 40 ESG index.
Now if we go to Page 14. You see our outperformance, I already mentioned it, outperformance compared to the market, 11 points in North America; 11 points in Europe; 21 points in China and 10 points in overall Asia; and 25 points in South America. And you see with the different color who is driving our outperformance, in China, is CDA, Thermal and Visibility; in Europe is mainly, CDA and PTS; in North America is mainly CDA and Visibility; in Asia is CDA, Thermal and PTS; and in South America is Visibility, PTS and CDA.
Now if we look at the outperformance in Asia, 10 points, India is a strong outperformance, 10 points (sic) [20 points]; China, already spoke about it, 21 points; and Japan, where we have a lot of exposure with Nissan, we have only 6
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