Saint Gobain - Registration document 2016

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7 RISKS AND CONTROL
3. Report from the Chairman of the Board of Directors on internal control and risk management procedures
186 SAINT-GOBAIN - REGISTRATION DOCUMENT 2016
French Commercial Code)
Directors on internal control and risk
Report from the Chairman of the Board of 3.
governance (Article L.225-37 of the
management procedures and corporate
associated with the impacts of climate change and the
Chief Executive Officer’s powers, and on the financial risks
measures adopted by the Group to reduce them
certain aspects of corporate governance, on internal
Report from the Chairman of the Board of Directors on
Compagnie de Saint-Gobain, on any restrictions on the
control and risk management systems implemented by
Code, under the responsibility of the Chairman of the Board
relevant departments of Compagnie de Saint-Gobain, and
of Directors and on the basis of information provided by the
2017.
was approved by the Board of Directors on February 23,
accordance with Article L.225-37 of the French Commercial
procedures and corporate governance was prepared in
This report on internal control and risk management
compliance with and implementation of a recognized
aspects of corporate governance. The required disclosures
French law requires to report to shareholders on certain
parity on the Board, its organization and work, the Company’s
relate to the composition of the Board of Directors, gender
the Chairman and Chief Executive Officer, the specific
corporate governance code, any restrictions on the powers of
section 1.1. It was prepared on the basis of data supplied by
is provided in chapter 6, sections 1 and 2, and chapter 10,
reviewed by the Nomination, Remuneration and Governance
the Legal, Human Resources and Finance Departments, was
Shareholders' Meetings, and lastly the principles and rules
formalities for shareholders’ participation in General
benefits of any kind awarded to the Directors. This information
applied by the Board to determine the compensation and
Committee and is incorporated by reference into this report.
The report must moreover include a description of internal
incorporated by reference into this report.
has been reviewed by the Risk and Audit Committee and
the Group. This information, as set out in chapter 7,
control and risk management procedures implemented within
Group Internal Audit and Business Control Department and
sections 2.1 through 2.5, was prepared with the support of the
Lastly, the report should describe the financial risks
measures that Saint-Gobain is taking to reduce them, by
associated with the impacts of climate change and the
activities.
implementing a low-carbon strategy in all of its business
atmospheric emissions and the climate impact, is set out in
The Group’s environmental policy, specifically the control of
chapter 4, section 2.3.2.
chapter 2 and section 2.3.6 of chapter 4.
Group’s businesses are described in sections 2.2.2 and 2.2.3 of
The low-carbon strategy and the climate change impact of the
managed for energy and raw materials.
Chapter 7, section 1.3.2 (c) describes how price volatility is
incorporated by reference into this report.
Group’s Responsible Development Department, the Insurance
This information was prepared with the support of the
has been reviewed by the Risk and Audit Committee and
Department and the Treasury and Financing Department and