1、ANNUAL REPORT 2017Positioned for profitable growthABB the pioneering technology leaderWhatOfferingFor whomCustomersWhereGeographiesPioneering technologyUtilitiesIndustryTransport&InfrastructureGloballyProductsAsia,Middle East and AfricaRevenue$34 bnSystemsAmericasCountries 100 Services&otherEuropeEm
2、ployees 135,000ABB at a glanceCommitted to unlocking valueABB is a pioneering technology leader in electrification products,robotics and motion,industrial automation and power grids,serving customers in utilities,industry and transport&infrastructure globally.Continuing a history of innovation spann
3、ing more than 130 years,ABB today is writing the future of industrial digitalization with two clear value propositions:bringing electricity from any power plant to any plug and automating industries from natural resources to finished products.As title partner of Formula E,the fully electric internat
4、ional FIA motorsport class,ABB is pushing the boundaries of e-mobility to contribute to a sustainable future.ABB operates in more than 100 countries with about 135,000 ContentsAnnualReport2017Introduction6 33Corporate governance report34 57Compensation report58 85Financial Review of ABB Group86 207A
5、BB Ltd Statutory Financial Statements208 227Supplemental information228 23401020304050601Introduction6 33Chairman and CEO letter8 12Highlights 201714 15Attractive markets16 18Positioned for sustainable growth19 21Focus on B&R 22 23ABB Ability 24 27Shareholder returns and capital allocation28 29Healt
6、h,Safety and Environment30 31Executive Committee32 338ABB ANNUAL REPORT 2017 01 INTRODUCTIONCHAIRMAN AND CEO LETTER ANNUAL REPORT 2017Dear Shareholders,Customers,Partners and Employees,2017 was a transitional year for the world,charac-terized by an increasing sense of optimism and confidence in the