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LISI 2016 FINANCIAL REPORT
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We determined the nature and extent of our tests and inspections
depending on the nature and importance of the CSR information
in relation to the characteristics of the Company, the social and
environmental challenges of its business, its guidelines on sustainable
development and good industry practices.
For the CSR information we judged most important
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:
–
–
with respect to the parent Company, we reviewed the documentary
sources and conducted interviews to corroborate the qualitative
information (organization, policies, actions, etc.), we implemented
analytical procedures on the quantitative information and verified,
based on polls, the calculations and consolidation of the data and
verified their consistency with the other information contained in
the management report;
–
–
with respect to a sample representative of entities we selected
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based
on their activity, their contribution to the consolidated indicators,
their location, and a risk analysis, we conducted interviews to verify
the proper application of procedures and implemented detailed tests
on the basis of samples, that consisted in verifying the calculations
and reconciling the data from the supporting documents. On
average, the sample thus selected represented 10% of the headcount
and 22% of electricity consumption.
With respect to the other consolidated CSR information, we noted their
consistency with our knowledge of the Company.
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Environmental and society-related information: the general policy concerning the environment (Company organization), pollution and waste management (measures for
the prevention, recycling and elimination of waste), use of sustainable resources and climate change (energy consumption).
Social information: employment (total headcount and distribution), organization of work (absenteeism), health and safety (occupational health and safety measures,
work‑related accidents, particularly their frequency and severity), training (training policies in place, total training time).
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The La Ferté Fresnel (LISI AUTOMOTIVE), Bar-sur-Aube and Bologne (LISI AEROSPACE) sites.
Finally, we assessed the relevance of the explanations regarding,
if any, the total or partial absence of certain elements of information.
We believe that the sampling methods and sample sizes we chose
by exercising our professional judgment allow us to draw a moderate
assurance conclusion; a higher level of assurance would have required
a more extensive review. Due to the use of sampling techniques as well
as to the other limitations inherent to the operation of any information
and internal control system, the risk of not detecting a material
misstatement in the CSR information cannot be completely ruled out.
Conclusion
Based on our work and subject to this reservation, we did not identify
any material anomalies likely to call into question the fact that the CSR
information, as a whole, are presented in a fair manner, in accordance
with the Repositories.
Observations
Without calling the foregoing conclusion into question, we would draw
your attention to the fact there is a lack of uniformity in the method
for calculating the training and absenteeism indicators in the group,
the divisions and the sites, after a threshold was set up for long-term
absences and a threshold for training hours and the number of persons
trained eliminated.
Paris-La Défense, February 21, 2017
The Independent Third Party Organization, ERNST & YOUNG et Associés
Christophe Schmeitzky
Bruno Perrin
Sustainable Development Partner
Partner
Documents specific to the Shareholders General Meeting
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