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LISI 2016 FINANCIAL REPORT

103

of manufacturers of mechanical fasteners) and DSV (Deutsche

Schraubenverband) for LISI AUTOMOTIVE and SNITEM (National

union of the industry of medical technology) for LISI MEDICAL.

In addition, LISI encourages local partnerships and exchanges,

particularly the development of close relationships with schools,

universities and the top colleges (Engineering, Management, etc.)

in order to anticipate, for each division, the future requirements in terms

of employment and skills.

More specifically in France, the sites collaborate closely with the AFPI,

UIMM and

Pôle Emploi

(Job search national organization) to implement

Operational Preparation for Employment processes, and with the local

ADEFIMs in order to optimize the financing of the training actions.

3.3

I

SUBCONTRACTORS AND SUPPLIERS

The LISI Group is part of a “win-win” sustainable partnership with its

suppliers and subcontractors to ensure mutual, long-term success.

Aside from economic considerations (quality, competitiveness

and continuous improvement), the Suppliers Charter established

by the Group dictates the terms of partnership in accordance with

the principles of ISO 14001, which are addressed during audits for

selecting new suppliers.

The approval and implementation of the ten principles of the United

Nations’ “Global Compact” program (Corporate Social Responsibility

principles that include Human Rights, Labor Standards, Environment

and the Fight against Bribery) are also mentioned in the Suppliers

Charter.

The Group’s Purchasing Policy includes a section on ethics, sustainable

development and corporate responsibility, with the application of the

“Global Compact” principles and the requirement for ISO 14001 and

OHSAS 18001 certification, in particular for our strategic suppliers

and subcontractors.

3.4

I

LOYAL PRACTICE

3.4.1

I

Actions taken to prevent bribery

The LISI Group has built its growth on compliance with laws and best

practices. Each division is responsible vis-à-vis the Group’s Senior

Management for the proper performance of its subsidiaries and

employees. Relationships with third parties are dictated by the Group’s

scoping procedures, which are implemented by the divisions through

the dissemination of division-specific procedures. For example,

LISI disseminates and updates a Purchasing and Supplier Relations

procedure, which specifies for example the limits and authorization

thresholds for donations and gifts.

The Group’s employees are trained on ethics and values through a

specific module. In addition, the Supplier Charter that complies with

the principles set out in the United Nations’ Global Compact program

is widely distributed to all LISI stakeholders.

3.4.2

I

Action taken in favor of the health and safety

of consumers

Although certain parts produced by the LISI Group may have an

impact on the safety of the end consumer, LISI operates quality control

systems enabling it to meet the requirements of its customers and

therefore to guarantee that all measures are taken to guarantee this

safety for the end user.

3.5

I

HUMAN RIGHTS

3.5.1

I

Actions taken in favor of human rights

The LISI Group has joined the Global Compact. The first and second

principles of the Global Compact concerning Human Rights, namely:

1. businesses should support and respect the protection of

international law on Human Rights within their sphere of influence; and

2. they should ensure that their own corporations are not accomplices

of human right violations.

Corporate social responsibility

6