|
DNV VERIFICATION STATEMENT
DNV Certification France was engaged to provide assurance services to STMicroelectronics.
Introduction
Det Norske Veritas Certification France S.A.R.L. (‘DNV’) has been commissioned by the
management of STMicroelectronics NV (‘the Company’) to carry out an assurance engagement on the ‘2010 Sustainability Report’ (‘the Report’) in its printed format.
The Corporate Departments of the Company are responsible for the collection, analysis, aggregation and presentation of information within the Report. Our responsibility in performing this work is to the management of STMicroelectronics NV only and in accordance with terms of reference agreed with the Company. The assurance engagement is based on the assumption that the data and information provided to us is complete and sufficient.
Scope of Assurance
The scope of work agreed upon with STMicroelectronics NV includes the following:
-
Key Performance Indicators for Health, Safety, Social and the Environment as reported for
2010 within the Report as well as statements on Social and Health & Safety performance.
Verification of baseline data was not included in the scope.
-
Visits to the Headquarters as well as two other sites (Crolles & Agrate). Interviews with
external stakeholders were not included. The verification was conducted during April 2011.
Verification Methodology
-
DNV is a leading service provider of sustainability solutions, including verification of
sustainability reports. Our assurance engagement was planned and carried out in order to
review adherence to the principles of Materiality, Completeness, Reliability, Comparability
and Accuracy. The application level has been reviewed by the GRI Report Services and found to be in line with the requirements of the application level A+.
As part of the verification we have:
Challenged the Environmental, Social and Health & Safety statements and claims made in the Report and assessed the robustness of the data management systems, information flow and controls; Examined and reviewed documents, data and other information made available to DNV by the Company ; Conducted interviews with an excess of 30 company’s representatives in two sites and the company’s headquarter (including data owners and decision-makers from different divisions and functions); Performed sample-based audits of the mechanisms for implementing the Company’s own policies, as described in the Report; Performed sample-based audits of the processes for generating, gathering and managing the quantitative and qualitative data included in the Report.
Conclusions
Based on the assurance work we performed on both the Key Performance Indicators as well as the narratives in the Company’s ‘2010 Sustainability Report’ we are not aware of anything causing us to believe that there may have been any material mistake or omission. The organization has carried out a review of its material sustainability issues the outcome of which shall be implemented to improve future sustainability reporting.
We believe STMicroelectronics NV efforts to embed its sustainability approach into the business and
management processes are progressing steadily towards an advanced level. We welcome the
Company’s continuous improvement activities and in particular the dedicated commitment shown at
all levels of management.
Principal considerations
Materiality
Based on our review, we consider that the Report includes the major material aspects concerning the
Company’s performance. The process to determine material issues and indicators, as well as their
inclusion in the Report, shall be formalized and rolled out across all the Company, and be reviewed
over time to allow improvements over the long term.
Completeness
We believe that, overall, the topics and indicators contained in the Report cover STMicroelectronics NV material impacts sufficiently to enable stakeholders’ assessment of the Company’s sustainability
performance in 2010. The exceptions relate to potential under reporting for some indicators due to
varying perimeter as well as a limited materiality check.
Reliability
Overall, we found that the information and processes are sufficiently collated, recorded, compiled,
analyzed and disclosed in a manner that allowed us to examine and establish the quality of the
information; the exceptions relate to some environmental data being extrapolated with a limited
number of intermediary checks.
Comparability
We consider that stakeholders have sufficient information that is adequately selected and compiled
in order to analyze the changes in the Company’s performance over time. However, rates of
improvements are in some instances calculated over different period of times making comparisons
more difficult.
Accuracy
We consider that the reported information is reasonably accurate and balanced for stakeholders
to assess the company’s performance. We are not aware of any misstatements in the assertions made.
DNV's Independence
DNV was not involved in the preparation of any statements or data included in the Report except
for this Assurance Statement. DNV expressly disclaims any liability or co-responsibility for any
decision a person or entity would make based on this Verification Statement.
Jean-Christophe CARRAU
Lead Verifier, DNV Certification France
Antonio ASTONE
Technical & Quality reviewer, DNV Global Service Responsible
Det Norske Veritas, Lyon, May 2011
 |
Social, H&S, Environment Idicators
verified by DNV Certification France.
|
|
