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Integrated Report 2016 INTEGRATED REPORT INDICATORS BOOK + LIMITED ASSURANCE REPORT Independent auditor's limited assurance report on information related to sustainability included in the 2016 Integrated Report INDICATORS BOOK • Limited Assurance Report performance of additional procedures (d) applying analytical procedures to assurance engagement, the objective • Performance Table To the Management of when the independent auditor becomes quantitative information and making of which is the issuance of an opinion. • GRI Content index Votorantim Cimentos S.A. aware of matters that lead him to believe inquiries regarding the qualitative infor- Had we performed an engagement with • Material issues and GRI São Paulo - SP that the information taken as a whole mation and its correlation with the the objective of issuing an opinion, we aspects might present significant misstatements. indicators disclosed in the information might have identified other matters and • Correlations IIRC capitals included in the 2016 Integrated Report; possible misstatements in the infor- mation related to sustainability included • UN Global Compact MAIN PROCEDURES PERFORMED (e) with regard to the aforementioned in the 2016 Integrated Report. Therefore, • CSI Charter 6. The procedures selected are based on units whose managers were interviewed we do not express an opinion on these • Financial Statements our understanding of the aspects related face-to-face, verification, on a test basis, matters. INTRODUCTION (b) WBCSD/CSI (2011), The Cement CO2 conclusion on the sustainability infor- to the compilation and presentation of of the carbon dioxide emissions, which and Energy Protocol: CO2 and Energy mation included in the 2016 Integrated the information related to sustainability correspond to 9% of the total emissions 10. Non-financial data are subject to 1. We have been engaged by Votorantim Accounting and Reporting Standard Report, based on our limited assurance included in the 2016 Integrated Report, of the Company's clinker and cement more inherent limitations than financial Cimentos S.A. ("Company") to present for the Cement Industry, Guide to the engagement carried out in accordance other circumstances of the engagement, activities. The emissions of 33%, 20% data, due to the nature and diversity our limited assurance report on the Protocol, version 3.0, World Business with the Technical Communication CTO and our analysis of the areas in which and 27% of the total emissions of partic- of the methods used to determine, compilation and fair presentation of Council for Sustainable Development 01, "Issue of an Assurance Report related significant misstatements might exist. ulate matter, of NOx and SOx, respec- calculate and estimate these data. Quali- the information related to sustain- WBCSD/CSI; to Sustainability and Social Responsi- The following procedures were adopted: tively, of the clinker and cement activities tative interpretations of the relevance, ability included in the Company's 2016 bility", issued by the Federal Accounting were also verified; materiality, and accuracy of the data Integrated Report for the year ended (c) WBCSD/CSI (2014), Fuels and Raw Council (CFC), based on the Brazilian (a) planning the work, taking into consid- are subject to individual assumptions December 31, 2016. Materials: Guidelines for Co-processing standard NBC TO 3000, "Assurance eration the materiality and the volume of (f) comparing the financial indicators and judgments. Furthermore, we did Fuels and Raw Materials in Cement Engagements Other than Audit and quantitative and qualitative information with the financial statements and/or not consider in our engagement the RESPONSIBILITIES OF THE Manufacturing, version 2.0, WBCSD/CSI; Review", also issued by the CFC, which is and the operating and internal control accounting records. data reported for prior years, nor future COMPANY'S MANAGEMENT equivalent to the international standard systems that were used to prepare the projections and goals. (d) WBCSD/CSI (2013), Safety in the ISAE 3000, "Assurance engagements information related to sustainability 7. The limited assurance engagement 2. The management of the Company cement industry and Guidelines for other than audits or reviews of historical included in the 2016 Integrated Report; also included tests to assess compliance CONCLUSION is responsible for the preparation and measuring and reporting - Health and financial information", issued by the with the guidelines and the preparation fair presentation of the information Safety, version 4.0, WBCSD/CSI; International Auditing and Assurance (b) understanding the calculation criteria applicable to the compilation of 11. Based on the procedures performed, related to sustainability included in the Standards Board (IAASB). Those methodology and the procedures the information related to sustainability described in this report, no matter 2016 Integrated Report, in accordance (e) WBCSD/CSI (2012), Emissions standards require that we comply with adopted for the compilation of indicators included in the 2016 Integrated Report. has come to our attention that causes with the criteria defined in paragraph 3 Monitoring and Reporting: Guidelines ethical requirements, including indepen- through interviews with the managers us to believe that the information below, and for such internal control as for Emissions Monitoring and Reporting dence requirements, and perform our responsible for the preparation of the 8. We believe that the evidence we related to sustainability included in the it determines is necessary to enable the in the Cement Industry, version 2.0; engagement to obtain limited assurance information; obtained is sufficient and appropriate to 2016 Integrated Report of Votorantim preparation of information free from that the information related to sustain- provide a basis for our limited assurance Cimentos S.A. has not been compiled material misstatement, whether due to (f) WBCSD/CSI (2016), Land and Commu- ability included in the 2016 Integrated (c) Face-to-face interviews with the conclusion. and fairly presented, in all material fraud or error. nities: Environmental and Social Impact Report, taken as a whole, is free from managers responsible for the infor- respects, in accordance with the criteria Assessment (ESIA) Guidelines, version material misstatement. mation of: described in paragraph 3 above. 3. The criteria for assessing the infor- 1.0; - the corporate offices of Votorantim SCOPE AND LIMITATIONS mation in the 2016 Integrated Report of 5. A limited assurance engagement Cimentos in São Paulo (São Paulo - SP) the activities performed by the Company, (g) WBCSD/CSI (2014), Protocol for conducted in accordance with the and in Curitiba (Paraná - PR); 9. The procedures applied in a limited São Paulo, May 24, 2017 with respect to the measurement, Water Reporting, version 1.0; Brazilian standard NBC TO 3000 and - the corporate office of the concrete assurance engagement are substan- obtaining, compilation, calculations ISAE 3000 mainly consists of making area in São Paulo (SP); tially less detailed than those applied in and estimates, and the reporting of the (h) WBCSD (2010), WBCSD Manifesto inquiries of management and other - the corporate office of the aggregate a reasonable assurance engagement, sustainability information for 2016, were for Energy Efficiency in Buildings - Imple- professionals of the entity involved in unit in São Paulo (SP); the objective of which is the issue of PricewaterhouseCoopers based on the following documents: mentation Guide, WBCSD. the preparation of the information, as - the cement units in Sobral (Ceará - CE) an opinion on the sustainability infor- Contadores Públicos Ltda. well as applying analytical procedures to and Laranjeiras (Sergipe - SE). mation included in the 2016 Integrated CRC 2SP023.173/O-4 (a) GRI-G4 Reporting Principles and INDEPENDENT AUDITOR'S obtain evidence that allows us to issue Interviews through videoconference Report. Consequently, we were not able Standard Disclosures - Part 1, 2013, RESPONSIBILITY a limited assurance conclusion on the with the units of Jbel Oust, in Tunisia, to obtain reasonable assurance that we issued by the Global Reporting Initiative information, taken as a whole. A limited and of Zaozhuang, in China; were aware of all significant matters Luciano Jorge Moreira Sampaio Júnior (GRI); 4. Our responsibility is to express a assurance engagement also requires the that might be identified in a reasonable Contador CRC 1BA018245/O-1 "S" SP 98 99 + PERFORMANCE TABLE CSI GRI 2014 2015 2016 % of new suppliers that were screened using 308-1 92% 97% 4%*** environmental criteria % of new suppliers that were screened using human 414-1 93% 86%** 80% rights criteria % of new suppliers that were screened using labor 93% 86%** 80% practices criteria INDICATORS BOOK *Results refer to VCBR operations. • Limited Assurance Report ECONOMIC PERFORMANCE **Values changed (from 96% to 86%) because the calculation method was modified. Until 2014 we consolidated only critical inputs to the • Performance Table production process, now, we consolidate all base suppliers (2014 - 400 suppliers / 2015 - 7.000 suppliers). This process brings maturity and • GRI Content index the need for evolution of our suppliers. Effectively we change the supply chain and the result must be seen as positive. • Material issues and GRI CSI GRI 2014 2015 2016 ***Calculation method modified by the suppliers re-registration. aspects • Correlations IIRC capitals ECONOMIC VALUE GENERATED AND DISTRIBUTED 201-1 RELATIONS
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