Limited Assurance Report from one of the Statutory Auditors on the information related to the allocation, as of December 31, 2022, of funds raised through the green bonds issued on November 25, 2013, October 8, 2015, October 11, 2016, January 26, 2017, September 8, 2020 and November 29, 2021 and the green repo of September 29, 2021
For the year ended December 31, 2022
This is a free translation into English of the Limited Assurance Report from one of the Statutory Auditors on the information related to the allocation, as of December 31, 2022, of funds raised through the green bonds issued on November 25, 2013, October 8, 2015, October 11, 2016, January 26, 2017, September 8, 2020 and November 29, 2021 and the green repo of September 29, 2021 originally issued in French and is provided solely for the convenience of English-speaking readers.
This attestation should be read in conjunction with, and is construed in accordance with, French law and professional standards applicable in France
To the Chairman and Chief Executive Officer,
In our capacity as statutory auditor of Electricité de France S.A. (“the Company”), and in accordance with your request, we have undertaken a limited assurance engagement on the following information (“the Information”):
The Information has been prepared in the context of the green bond issuances dated November 25, 2013, October 8, 2015, October 11, 2016, January 26, 2017, September 8, 2020 and November 29, 2021 (the “Green Bond Offerings”), the Green Repo of September 29, 2021 (the “Green Repo Issuance”) and the green bonds framework defined by the entity (the“EDF Green Bond Framework").
Based on the procedures we have performed as described under the section “Summary of the work we performed as the basis for our assurance conclusion” and the evidence we have obtained, nothing has come to our attention that causes us to believe that the Information is not prepared, in all material respects, in accordance with the EDF Green Bond Framework used, and the basis of preparation set out in the section “Understanding how EDF has Prepared the Information”.
We do not express an assurance conclusion on information in respect of earlier periods not covered by the Green Bond Report or on any other information not included in the Green Bond Report.
We have not reviewed and do not provide any assurance over other individual project information reported.
The absence of a ordinaryly used generally accepted reporting framework or a significant body of established practice on which to draw to evaluate and measure the Information allows for different, but acceptable, measurement techniques that can affect comparability between entities and over time.
Consequently, the Information needs to be read and understood together with the Reporting Framework, whose significant components are available on the Company’s internet site.
Management of EDF are responsible for:
We are responsible for:
As we are engaged to form an independent conclusion on the Information as prepared by management, we are not permitted to be involved in the preparation of the Information as doing so may compromise our independence.
However, we have no responsibility for:
We performed a limited assurance engagement in accordance with the professional guidance of the French Institute of Statutory Auditors ("CNCC”) applicable to such engagements and the International Standard on Assurance Engagements 3000 (Revised).
We have complied with the independence and other ethical requirements of the French Code of Ethics for Statutory Auditors (Code de Déontologie) as well as the provisions set forth in Article L.822-11 of the French Commercial Code (Code de Commerce) and the standards issued by the IESBA (International Ethics Standard Board for Accountants).
In addition, we have implemented a system of quality control including documented policies and procedures regarding compliance with applicable legal and regulatory requirements, the ethical requirements, and the professional guidance of the French Institute of Statutory Auditors ("CNCC”) applicable to such engagements.
Our work was carried out by an independent and multidisciplinary team with experience in sustainability and corporate social responsibility.
We planned and performed our work to address the areas where we identified that a material misstatement of the Information is likely to arise. The procedures we performed were based on our professional judgment. In carrying out our limited assurance engagement on the Information, we:
