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DOCUMENTS SPECIFIC TO THE SHAREHOLDERS’ GENERAL MEETING
8
5.
I
REPORT BY THE INDEPENDENT THIRD PARTY ORGANIZATION ON THE CONSOLIDATED
SOCIAL, ENVIRONMENTAL AND SOCIETAL INFORMATION CONTAINED IN THE
MANAGEMENT REPORT
Financial year ended December 31, 2017
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, 2017, presented in the management 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 (hereinafter the “Repositories”), a summary of which
is available in the management report 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.822-11-3 of the
French Commercial Code. In addition, we have implemented a quality
control system that includes documented policies and procedures to
ensure compliancewith 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:
–
–
certifythattheCSRrequiredinformationispresentinthemanagement
reportorifitisomitted,issubjecttoanexplanationinaccordancewith
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,takenoverall,arepresentedsincerely, incompliance
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 2017 and February 2018 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. 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.
Where some of the consolidated information is not provided,
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 within the
meaning of Article L.233‑1 of the French Commercial Code, the
companies it controls within 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 Chihuahua site, where the buildings do not
belong to LISI and on Termax, which was acquired in 2017.
Conclusion
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 several interviews with the individuals responsible for
preparing the CSR information from the departments in charge of
gathering information and, where appropriate, in charge of the internal
audit and riskmanagement 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
andriskmanagementproceduresrelatingtotheelaborationoftheCSR
information.
(1) Scope of accreditation available at
www.cofrac.fr(2) ISAE – Assurance engagements other than audits or reviews of historical information.
LISI 2017 FINANCIAL REPORT