Secondly, the Group is fair and transparent in providing the strategic plan (presentation of the Push to Pass plan on 2016, since published on the Group’s website), financial data and CSR commitments and performance, which show that the long-term risks have been properly considered, p a sustainable dividend policy: in its Push to Pass strategic plan, the PSA Group announced the implementation of a dividend policy based on a payout ratio of 25% from the 2016 financial year.