2011 Registration Document - Valeo

3 Valeo
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and sustainable development
Environmental performance of Valeo’s sites
The self-evaluation tool has been developed by reference
to Group directives. Each directive is integrated into the tool
in the form of a roadmap and is divided into five stages,
each of which is checked off by the site in question once
specific actions have been completed. The application of the
directives is, therefore, an autonomous process for each site.
Cross-site verification audits
Cross-site verification audits, i.e., audits carried out by HSE
managers at sites other than those to which they are assigned,
are the third constituent of the Group’s audit approach. They
permit the verification of methods adopted and of consistency
between self-evaluation findings and the practical measures
taken in response. As such, they also promote performance
improvement, exchanges between sites and skills-sharing.
Qualification criteria for the conduct of such audits were
formalized in 2011. New training modules for cross-site
auditing have been created with the help of an external
specialist and support with deployment will be provided by
the country HSE organization. Training courses for aspiring
auditors in all countries will begin in 2012.
ISO 14001 and OHSAS 18001 certification audits
To demonstrate its commitment to reducing its environmental
footprint and to improving the health and safety of its
employees from one year to the next, Valeo has introduced a
number of independently-certified management systems.
In 2009, the Group started harmonizing its ISO 14001 and
OHSAS 18001 management systems with a view to the
gradual standardization of systems and procedures to allow
for multi-site certifications, when appropriate. Harmonization
should permit better risk control and more effective sharing
of expertise and best practices, in addition to the application
of more stringent requirements to sites.
Quarterly reporting tool for performance indicators
More than 10 years ago, Valeo undertook the deployment of a
purpose-built Internet-based reporting tool to assess the
environmental performance of Group sites around the globe.
Every quarter (or on an annual basis for some metrics), the
tool compiles and monitors more than 200 indicators. 2011
saw a number of significant tool upgrades:
new indicators were added to permit a more broad-based
measurement of sites’ environmental performance and
monitoring of change s in Global Reporting Initiative (GRI)
indicators;
the module dealing with greenhouse gas emissions was
tailored to the new French regulatory requirements for
corporate environmental reporting (Decree no. 2011-829).
2011 Registration D ocument - VALEO
The module automatically calculates direct emissions
(Scope 1) and indirect emissions (Scope 2 and certain
Scope 3 items), in accordance with the above-mentioned
French regulatory requirements and the Greenhouse Gas
(GHG) Protocol (see section 3.3.3.1);
new data extraction and processing tools were added to
allow more granular analysis, notably by geographic region.
The environmental data published in the following section
applies to all Valeo Group production and distribution
sites worldwide, with the exception of those belonging to
affiliates in which the Group has a non-controlling interest.
The financial data reported by the Group are checked for
consistency against data reported by the sites. Environmental
indicators for 2011 cover a total of 117 sites, including eight
Valeo Service locations. Note that:
centers dedicated only to R&D, together with offices and
sites acquired, sold or closed during 2011, are not covered
by the reporting process;
data for companies 50%-controlled by Valeo are taken
into account in a commensurate proportion and data for
companies in which Valeo has an interest of more than
50% are included in full. Since January 2011, data for the
50%-owned Taegu plant in South Korea (VPH) have been
included in full for environmental reporting purposes, in line
with the practice for financial reporting (full consolidation of
financial data since October 2011 ).
Most indicators are expressed in terms of total quantity and in
relative quantity expressed per million euros of sales. Quantity
per million euros is calculated by dividing total quantity by
total sales for the relevant sites.
Operating levels from one year to the next may impact certain
environmental indicators, particularly those expressed in
absolute terms. Consequently, it is more meaningful to use
sales-based indicators, many of which reflected a significant
improvement in environmental performance in 2011.
The representativeness of each indicator is measured by a
response rate. The rate is expressed as total sales of relevant
sites divided by total sales of all sites in the reporting scope.
In 2011, the response rate per indicator was excellent, with
readings of 100% for practically all sites. As in previous years,
the responses from all sites were consolidated and checked
by an independent, external firm in order to ensure quality and
representativeness. For this purpose, nearly 180,000 data
items were processed and validated. The sales figures used
are provided by the Group Finance Department. The Valeo
Group’s environmental performance in 2011 is presented in
section 3.3.2.