SUSTAINABLE DEVELOPMENT Methodology, Concordance table and data verification 4 4.5.3 Independent verifier’s report on consolidated social, environmental and societal information presented in the management report This is a free translation into English of the original report issued in the French language and it is provided solely for the convenience of English speaking users. This report should be read in conjunction with, and construed in accordance with, French law and professional standards applicable in France. To the Shareholders, (1) In our quality as an independent verifier accredited by the COFRAC , 1. Attestation of presence of CSR Information under the number n° 3-1050, and as a member of the network of one of the Statutory Auditors of the company Klépierre, we present Nature and scope of the work our report on the consolidated social, environmental and societal We obtained an understanding of the Company’s CSR issues, based information established for the year ended on the December 31, 2017, on interviews with the management of relevant departments, a presented in the management report, hereafter referred to as the “CSR presentation of the Company’s strategy on sustainable development Information”, pursuant to the provisions of the article L. 225-102-1 of based on the social and environmental consequences linked to the the French Commercial Code (Code de commerce). activities of the Company and its societal commitments, as well as, where appropriate, resulting actions or programmes. Responsibility of the Company We compared the information presented in the management report It is the responsibility of the Management Board to establish a with the list provided in the article R. 225-105-1 of the French management report including CSR Information referred to in Commercial Code (Code de commerce). the article R. 225-105 of the French Commercial Code (Code de In the absence of certain consolidated information, we verified that commerce), in accordance with the protocols used by the Company the explanations were provided in accordance with the provisions (hereafter referred to as the “Criteria”), of which a summary is included in article R. 225-105-1, paragraph 3, of the French Commercial Code in the management report and available on request at the Company’s (Code de commerce). headquarters. We verified that the information covers the consolidated perimeter, Independence and quality control namely the entity and its subsidiaries, as aligned with the meaning of the article L. 233-1 and the entities which it controls, as aligned with Our independence is defined by regulatory requirements, the Code the meaning of the article L. 233-3 of the French Commercial Code of Ethics of our profession as well as the provisions in the article (Code de commerce). L. 822-11-3 of the French Commercial Code (Code de commerce). In addition, we have implemented a quality control system, including Conclusion documented policies and procedures to ensure compliance with ethical standards, professional standards and applicable laws and Based on this work, we confirm the presence in the management regulations. report of the required CSR information. Responsibility of the independent verifier 2. Limited assurance on CSR Information It is our role, based on our work: Nature and scope of the work > to attest whether the required CSR Information is present in We undertook four interviews with people responsible for the the management report or, in the case of its omission, that an preparation of the CSR Information, in charge of the data collection appropriate explanation has been provided, in accordance with process and, if applicable, the people responsible for internal control the third paragraph of R. 225-105 of the French Commercial Code processes and risk management, in order to: (Code de commerce) (Attestation of presence of CSR Information); > Assess the suitability of the Criteria for reporting, in relation to their > to express a limited assurance conclusion, that the CSR relevance, completeness, reliability, neutrality, and legibility, taking Information, overall, is fairly presented, in all material aspects, in into consideration industry standards, especially the sectorial according with the Criteria. recommendation; It is however not our responsibility to attest the compliance with > Verify the implementation of the process for the collection, other applicable legal provisions, in particular those pursuant to law compilation, processing and control for completeness and no. 2016-1691 of December 9, 2016, known as Sapin II (anti-corruption law). consistency of the CSR Information and identify the procedures Our verification work was undertaken by a team of five people for internal control and risk management related to the preparation between November 2017 and March 2018 for an estimated duration of the CSR Information. of seven weeks. We conducted the work described below in accordance with the professional standards applicables in France and the Order of May 13, 2013 determining the conditions under which an independent third-party verifier conducts its mission, and in relation to the opinion (2) of fairness, in accordance with the international standard ISAE 3000 . (1) Scope available at www.cofrac.fr. (2) ISAE 3000 – Assurance engagements other than audits or reviews of historical information. KLÉPIERRE 2017 REGISTRATION DOCUMENT 211