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LISI 2016 FINANCIAL REPORT
Dear Shareholders,
As an independent third party body accredited by COFRAC
1
under
No. 3-1050 and a member of the network of one of the auditors of the
LISI Group, we present our report on the consolidated social,
environmental and societal information for the period ended
December 31, 2016, presented in Chapter 6 of the Annual Report,
subsequently referred to as the “CSR information” under the provisions
of Article L. 225-102-1 of the French Commercial Code.
Corporate responsibility
It is for the Board of Directors to prepare a management report
including the CSR information provided for in Article R. 225-105-1 of
the French Commercial Code, in accordance with the standards used
by the Company, consisting of HR and CSR reporting instructions in
their 2016 versions (hereinafter the “Repositories”) and available upon
request at the Company’s headquarters.
Independence and quality control
Our independence is defined in the regulations, the Profession’s
Code of Ethics, as well as the provisions of Article L. 822-11 of the
French Commercial Code. In addition, we have implemented a quality
control system that includes documented policies and procedures to
ensure compliance with ethical standards, professional standards and
applicable laws and regulations.
Responsibility of the independent third party organization
It is for us, based on our work, to:
–
–
certify that the CSR required information is present in the
management report or if it is omitted, is subject to an explanation
in accordance with the third paragraph of Article R. 225-105 of the
French Commercial Code (CSR information presence certificate);
–
–
express a moderate conclusion of assurance on the fact that
all significant aspects of the CSR information, taken overall, are
presented sincerely, in compliance with the Repositories (reasoned
opinion on the fairness of the CSR information).
Six competent persons were involved in this work which was carried
out between November 2016 and February 2017 over a total working
period of about five weeks.
We conducted the work described below in accordance with
professional standards applicable in France and the Order of May 13,
2013 determining the conditions under which the independent third
party organization conducts its task and on the reasoned opinion of
fairness, as per the international standard ISAE 3000
2
.
1
Scope of accreditation available at
www.cofrac.fr2
ISAE 3000 – Assurance engagements other than audits or reviews of historical information.
1. CSR information presence certificate
Nature and scope of work
We have read, based on interviews with the heads of departments
concerned, the presentation of guidelines for sustainable development,
based on the social and environmental consequences of the Company’s
activities and of its social commitments and, where appropriate, of the
resulting actions or programs.
We compared the CSR information presented in the management
report with the list provided for in Article R. 225-105-1 of the French
Commercial Code.
In the absence of some of the consolidated information, we verified
that explanations were provided in accordance with Article R. 225‑105,
paragraph 3 of the French Commercial Code.
We have verified that the CSR information covered the consolidation
scope, namely the Company as well as its subsidiaries in the meaning
of Article L. 233-1 of the French Commercial Code, the companies
it controls in the meaning of Article L. 233-3 of the same code, with the
limits laid down in the introduction to Chapter 6 of the annual report,
namely that the environment indicators do not include information on
the Remmele site, which was acquired during 2016.
Based on this work and taking the aforementioned limits into account,
we confirm the presence of the required CSR information in our
management report.
2. Reasoned opinion on the fairness of the CSR Information
Nature and scope of work
We conducted nine interviews with the individuals responsible for
preparing the CSR information from Human Resources, Health/
Safety/Environment, in charge of gathering information and, where
appropriate, in charge of the internal audit and risk management
procedures in order to:
–
–
assess the appropriateness of the Repositories in terms of their
relevance, completeness, reliability, neutrality and understandability,
taking into account, where appropriate, the industry’s best practices;
–
–
verify the implementation of a process for collecting, compiling,
processing and controlling the completeness and consistency of
the CSR information and for gaining an understanding of the internal
audit and risk management procedures relating to the elaboration
of the CSR information.
6
I
REPORT BY THE INDEPENDENT THIRD PARTY ORGANIZATION
REGARDING THE CONSOLIDATED SOCIAL, ENVIRONMENTAL
AND SOCIETAL INFORMATION CONTAINED IN THE LISI MANAGEMENT
REPORT – FINANCIAL YEAR ENDED DECEMBER 31, 2016
Documents specific to the Shareholders General Meeting
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