financial report and registration document 2011 - Groupe SEB

3 Report
Corporate, social and environmental responsibility
based on the review by a Statutory auditor of the environmental and social performance indicators selected
Nature and scope of our work
We performed our assignment in accordance with the IFAC-ISAE 3000 standard “Assurance Engagements Other than Audits or Reviews of Historical Financial
Information” and according to the professional guidelines applicable in France.
We carried out the following procedures to obtain limited assurance that these selected indicators are free of material misstatements. A higher level of
assurance would have required a more extensive review.
� We examined the reporting procedures developed by Groupe SEB in terms
of their relevance, reliability, objectivity and clarity.
� At the Group level:
— We carried out analytical procedures and used samples to verify
the calculations and the consolidation of data used to produce the
environmental and social performance indicators. This work drew on
interviews with the individuals responsible for this reporting within the
Sustainable Development department, the Personnel Administration
and HR Reporting department, the Training and School Relations
department, the Industrial department, the Supply Chain department
and the Standards and Environmental Quality department,
— Based on our consultations with the individuals responsible for
producing the social and environmental performance indicators within
these various departments, we verified that procedures had been
properly applied. We also conducted tests of detail that involved
verifying the calculations and comparing data against supporting
documentation;
� We selected a sampling of entities:
� Mooca – Saõ Paulo, Brazil (social and environmental performance
indicators),
� Saõ Bernardo do Campo – Brazil (social and environmental performance
indicators),
� GSF – Lyon, France (social performance indicators),
� CALOR – Pont Evêque, France (social and environmental performance
indicators),
� SEB Développement – Ecully, France (social and environmental
performance indicators),
� SSEAC – Shanghai, China (social and environmental performance
indicators),
� Tefal – Rumilly, France (social and environmental performance
indicators).
These entities were selected based on quantitative and qualitative criteria
applied to the indicators.
� At the level of the selected entities:
� Based on our consultations with the individuals responsible for
preparing the data, we verifi ed proper understanding and application
of the procedures,
� We conducted tests of detail, based on samples, that involved verifying
the calculations and comparing data against supporting documentation.
These entities’ contribution to Groupe SEB’s consolidated indicators represents 21-15% for the social performance indicators and 51-78% for the environmental
performance indicators.
To assist us with these tasks, we drew on the support of our teams specialising in sustainable development.
Conclusion
Based on our audit, we did not observe any material misstatements likely to cast doubt on the fact that (a) the process for establishing the social and
environmental performance information and (b) the selection of the social and environmental performance indicators in question have been established, in
all signifi cant respects, in accordance with the guidelines entitled “Sustainability information reporting protocol” (Protocole de reporting informations DD)
used by Groupe SEB and applicable in 2011.
Neuilly-sur-Seine, 19 March 2012
Statutory auditor PricewaterhouseCoopers Audit Partner of PricewaterhouseCoopers Advisory
within the Sustainable Development department
Bernard Rascle Sylvain Lambert
58 GROUPE SEB Financial Report and Registration Document 2011