MASHINIi

EUTELSAT COMMS.

E3B.XETRA | Satellite telecommunications activities

Eutelsat Communications S.A. is a global satellite operator providing a wide range of communication services. The company operates a fleet of geostationary satellites, delivering services such as television broadcasting, broadband internet access, data networks, and mobile communications to customer...Show More

Ethical Profile

Mixed.

Eutelsat Communications exhibits a mixed ethical profile. The company supports better health for all, delivering telemedicine to over 200 remote Guyanese villages. Environmentally, Eutelsat has validated SBTi targets for GHG emission reductions by 2030. However, reports suggest its 2023 carbon footprint increased due to OneWeb integration, despite solar panels supplying approximately 8% of its electricity. For honest business, Eutelsat maintains a 24/7 whistleblower SpeakUp platform, a Code of Ethics and anti-bribery measures, with no regulatory fines reported. The company also demonstrates strong cybersecurity, complying with ISO 27000, EU NIS Directive, and GDPR, with state-of-the-art encryption. Information on fair pay, ethical sourcing, or direct involvement in weapons is limited.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect30
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons-70
-100100
Planet-Friendly Business-30
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech-20
-100100
Zero Waste & Sustainable Products-40
-100100

Better Health for All

0

Eutelsat's core business of satellite communication services does not inherently have direct health impacts, either positive or negative. The company's services are used to enable telehealth solutions, such as in remote areas of Guyana, which improved access to medical care, diagnosis, and treatment for patients, and supported remote patient monitoring.

1
This solution was deployed in response to the COVID-19 pandemic.
2
Eutelsat OneWeb also offers space-based connectivity solutions for healthcare with a latency of less than 70 milliseconds and download speeds of 150 Mbps.
3
The telehealth solution in Guyana targets over 200 villages with populations ranging from 500 to 5000 inhabitants, which represents between 12.5% and 125% of Guyana's total population of 800,000.
4
However, the provided articles do not offer quantitative data on the percentage of Eutelsat's overall product portfolio or revenue directly dedicated to health-positive outcomes, nor do they provide specific metrics on the affordability of health-related services relative to income, or the exact percentage of vulnerable populations reached by these initiatives. There is no evidence of harmful products or services, nor any data on safety incidents, R&D investment in health, or specific health equity programs.

Fair Money & Economic Opportunity

0

Eutelsat Communications is a satellite operator, not a financial institution. The company's core business involves providing satellite communication services such as television broadcasting, broadband internet access, and data networks.

1
The 'Fair Money & Economic Opportunity' value specifically assesses activities related to lending, insuring, moving, or storing money, and financial inclusion. Eutelsat does not offer these types of financial services or products to consumers. Therefore, all KPIs designed for financial institutions, such as those related to loan books, APRs, fee structures, credit scores, debt ratios, or banking access points, are not applicable to Eutelsat's business model.

Fair Pay & Worker Respect

30

The remuneration ratio for the highest paid to median employee is 22.9.

1
Collective bargaining agreements cover 54% of group employees.
2
The rate of recordable work-related accidents is 0.4.
3
The gender pay gap is 17%.
4
The Great Place To Work Trust Index score increased to 61%.
5
The voluntary turnover rate for permanent employees is 8.9%.
6
There were no convictions, fines, or confirmed incidents of corruption or bribery recorded.
7
More than 99% of employees are on full-time permanent contracts.
8
A health and retirement scheme is available to all employees.
9

Fair Trade & Ethical Sourcing

0

No specific, concrete data points were found in the provided articles for any of the KPIs related to Fair Trade & Ethical Sourcing. While some articles mention the existence of a Supplier Code of Conduct,

1
ethical clauses in contracts,
2
or a commitment to condemn forced/child labor,
3
they do not provide the quantitative evidence required by the rubric for fair trade certification share, audit frequency, substantiated forced/child labor incidents, traceability coverage, remediation speed, ethical clause coverage, materials risk index, or supplier diversity spend.
4

Honest & Fair Business

0

Eutelsat Communications has a clean regulatory record, with no fines, convictions, or financial penalties related to ethics or business compliance recorded in the past three years.

1
The company maintains a robust and comprehensive anti-corruption policy, including a zero-tolerance stance on bribery and influence peddling, applicable globally to all employees.
2
This policy is supported by regular training, with 100% of employees trained in anti-corruption (FY2022)
3
and 80.1% of high-risk staff completing training programs (FY2025).
4
The company conducts pre-contractual due diligence for third parties, including 2,930 World-Check verifications in 2021
5
and 1,733 in FY2025,
6
and evaluates supplier risk based on French Anti-Corruption Agency (AFA) recommendations, with high-risk suppliers audited every two years.
7
Oversight includes a Group Compliance Committee, Executive Committee, and Audit, Risks and Compliance Committee.
8
For whistleblowing, Eutelsat has a formal, secure, 24/7 whistleblower protection policy (SpeakUp/EthicsPoint) accessible to employees and external stakeholders, updated to comply with EU Directive 2019/1937.
9
42 alerts were registered through the system.
10
Reports are acknowledged within 7 days,
11
with a final decision typically communicated within three months (approximately 90 days).
12
The board composition includes 6 independent directors out of 9 total board members,
13
representing 66.67% of the board.

Kind to Animals

0

Eutelsat Communications is a satellite telecommunications company.

1
The provided articles focus on its financial performance, satellite operations, corporate social responsibility (CSR) initiatives related to space management, digital inclusion, and environmental sustainability, and the use of IoT in agriculture. There is no explicit evidence in the articles regarding animal testing, animal-derived products, animal agriculture, or specific wildlife conservation impacts with measurable biodiversity metrics. Therefore, all KPIs under the 'Kind to Animals' value are scored as N/A, indicating that the company's core business model does not involve activities relevant to these animal welfare metrics.

No War, No Weapons

-70

Eutelsat has a 10-year agreement with the French Ministry of the Armed Forces, valued at €1 billion.

1
Based on the FY 2024-25 total revenue of €1,243.7 million, this represents approximately 8.04% of annual revenue from defense logistics and support services.
2
The company's core satellite technology, including the OneWeb LEO constellation and a military-grade Manpack terminal, is inherently dual-use, serving both civilian and military communication purposes.
3
The OneWeb system is being upgraded to comply with military security standards, indicating a significant focus on military applications.
4
The company's financial report mentions that sanctions and export controls could disrupt satellite capacity usage, implying potential exposure to restricted markets.
5
While Eutelsat states it upholds UN Global Compact principles and includes CSR clauses in supplier contracts, specific humanitarian procurement standards are not detailed.
6
Pre-contractual due diligence on third parties involved 2,930 World-Check verifications in 2021, but there is no information on the frequency of human rights due diligence in conflict-affected areas.
7
There is no evidence of codified ethical red lines regarding weapons or a verified zero exposure to controversial weapons. The company's involvement in military surveillance is noted, but details are limited.

Planet-Friendly Business

-30

Eutelsat Group's total Scope 1, 2, and 3 carbon emissions (market-based) were 498,161.74 tCO2e in CY2023, declining to 153,528.97 tCO2e in FY2025, representing a 69.2% reduction.

1
The company's near-term Scope 1, 2, and 3 GHG emissions reduction targets have been validated by the Science Based Targets initiative (SBTi) as aligned with a 1.5°C trajectory.
2
The share of renewable sources in total energy consumption was 53.7% in 2025.
3
The waste diversion rate was 39%.
4
The company reported 0.2% of CAPEX as Taxonomy-Eligible but not environmentally sustainable activities.
5
Lifecycle impact of customer terminals is being modeled.
6
The Group integrates climate-related financial disclosures in line with TCFD recommendations, with a DScore of 64/100.
7
No specific climate-related scenario analysis has been undertaken.
8
No significant financial effects from climate-related asset risks are currently identified or anticipated.
9

Respect for Cultures & Communities

0

No specific, concrete data points were found in the provided articles that directly map to the quantitative thresholds of the KPIs for 'Respect for Cultures & Communities'. While articles mention partnerships with NGOs and national entities for digital inclusion and emergency response, these are not explicitly defined as 'formal partnership agreements with indigenous or local community groups' as required by the rubric.

1
Similarly, there is no evidence for other KPIs such as the percentage of revenue reinvested in local community development, the existence of cultural impact assessment protocols, or the proportion of workforce recruited from local communities.
2
Therefore, no KPIs can be scored based on the available evidence.

Safe & Smart Tech

-20

Eutelsat's Information Security Management Systems are certified ISO/IEC 27001 for critical activities and specific teleports/spaceports in France, Italy, Madeira, Mexico, and the Americas.

1
Its Quality Management Systems are certified ISO 9001.
2
The company also states compliance with ISO 27000, the EU NIS Directive, and the NIST reference system.
3
Eutelsat trained 241 personnel in cybersecurity during the current fiscal year, out of 1,639 employees.
4
The company states it takes reasonable steps to prevent unauthorized data use and has no documented incidents.
5
Users have rights to access, modify, delete, object to, or restrict processing of their data, and can provide post-mortem instructions, with a dedicated email for privacy inquiries.
6
Eutelsat works with the security community to identify and resolve vulnerabilities and has a HackerOne Bug Bounty Programme, appreciating researchers notifying them of vulnerabilities ahead of wider disclosure.
7
The company is moving towards applying 'security by design' in innovative projects.
8
Eutelsat's privacy policy states data is retained for three years following collection or last contact for its corporate websites, and specifies various retention periods for other data types, such as 12 months for account data and 13 months for login data on its sat.tv platform.
9
Eutelsat complies with GDPR, French data protection laws, and Irish data protection acts, and is working towards compliance with the EU NIS 2 Directive and its French transposition.
10
Eutelsat is a signatory to the UN Global Compact since 2019.
11
The company implements state-of-the-art encryption, multiple firewalls, authentication, and detection systems.
12
General Potii acknowledged that the space sector has 'way too many unpatched vulnerabilities,' and IOActive's reports found vulnerabilities similar to the one used in the Viasat case, indicating a broader industry issue with security testing.
13

Zero Waste & Sustainable Products

-40

In 2025, Eutelsat recycled 39% of its total waste, including 100% of paper and cardboard, 75% of WEEE, and 100% of metal waste.

1
However, customer terminals are assumed to be disposed of, not recycled, at end-of-life.
2
The company implements waste reduction initiatives such as repairing and reusing old equipment within its operations, reselling old equipment to partners, and reusing packing materials.
3
For hazardous waste, 75% of WEEE was recycled in 2025.
4
Eutelsat extends the average operational life of its GEO satellites by 4.7 years beyond their design life in 2025 and increased average GEO satellite throughput to 29.6 GBps in 2024 from 7.5 GBps in 2021.
5
The company has company-wide waste reduction targets, but no specific targets for waste generated due to its relatively small volume.
6
Circular design principles are applied to satellites, including moving GEO satellites to graveyard orbit and de-orbiting LEO satellites at end-of-life.
7
Eutelsat includes CSR clauses in contracts with its suppliers.
8
The company has not recorded any waste disposal violations in the past three years.
9

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.