The procedures performed in a limited assurance engagement vary in nature and timing from, and are less in extent than for, a reasonable assurance engagement. Consequently, the level of assurance obtained in a limited assurance engagement is substantially lower than the assurance that would have been obtained had we performed a reasonable assurance engagement.
This report has been prepared within the context described above and may not be used, distributed or referred to for any other purpose.
Paris-La Défense, March 13, 2023
One of the Statutory Auditors
Deloitte & Associés
Christophe Patrier
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 October 5, 2022 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 issuance dated October 5, 2022 (the “Green Bond Offerings”) and the green bond framework defined by the entity and updated in 2022 ("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).
