Independent limited assurance report to the directors of PPC Ltd
We have performed our limited assurance engagement in respect of the selected non-financial key performance indicator (KPI) disclosures to be published in the PPC Ltd (PPC) integrated report for the year ended 31 March 2018.
The subject matter comprises the non-financial KPIs prepared in accordance with the Global Reporting Initiative G4 (GRI G4) Guidelines supported by management's internal basis of preparation (the criteria) as prepared by the responsible party during the year ended 31 March 2018. The subject matter comprises the following:
|Sustainability indicator description||Boundary|
|Total workforce by employee type, employment contract, region and gender||
|Total number and rates of new employee hires and employee turnover by age group, gender and region||
|Percentage of employees covered by collective bargaining agreements||
|Type of injury and rates of injury, occupational diseases, lost days, absenteeism, and total number of work-related fatalities, by region and gender||
|Average hours of training per year per employee by gender and employee category||
|Composition of governance bodies and breakdown of employees per employee category according to gender, age, minority group membership and other indicators of diversity||
|Percentage of operations with implemented local community engagement, impact assessments and development programmes||
|Monetary value of significant fines and total number of non-monetary sanctions for non-compliance with laws and regulations||
|Direct energy consumption by primary energy source||
|Direct greenhouse gas (ghg) emissions (scope 1)||
|Indirect ghg emissions (scope 2)||
|NOx, SOx, and other significant air emissions||
|Monetary value of significant fines and total number of non-monetary sanctions for non-compliance with environmental laws and regulations||
|Direct economic value generated and distributed||
The directors being the responsible party, and where appropriate, those charged with governance are responsible for the subject matter information, in accordance with the GRI and management's own internal basis of preparation.
The responsible party is responsible for:
- Ensuring that the subject matter information is properly prepared and presented in accordance with the criteria against which the underlying subject matter will be assessed
- Confirming the measurement or evaluation of the underlying subject matter against the applicable criteria, including that all relevant matters are reflected in the subject matter information
- Designing, establishing and maintaining internal controls to ensure that the subject matter information is properly prepared and presented in accordance with the criteria against which the underlying subject matter will be assessed
Assurance practitioner's responsibility
We conducted our assurance engagement in accordance with the International Standard on Assurance Engagements (ISAE) 3000 (Revised), Assurance Engagements other than Audits or Reviews of Historical Financial Information. This standard requires us to comply with ethical requirements and to plan and perform our limited assurance engagement with the aim of obtaining limited assurance regarding the subject matter of the engagement.
We shall not be responsible for reporting on any non-financial performance indicator transactions beyond the period covered by our limited assurance engagement.
The firm applies International Standard on Quality Control 1 and, accordingly, maintains a comprehensive system of quality control including documented policies and procedures regarding compliance with ethical requirements, professional standards and applicable legal and regulatory requirements.
Independence and other ethical requirements
We have complied with the independence and other ethical requirements of Parts A and B of the Code of Ethics for Professional Accountants issued by the International Ethics Standards Board for Accountants, which is founded on the fundamental principles of integrity, objectivity, professional competence and due care, confidentiality and professional behaviour.
Summary of work performed
We have performed our procedures on the subject matter, the non-financial KPIs of PPC, as prepared by management in accordance with the GRI G4 as supported by management's basis of preparation for the year ended 31 March 2018.
Our evaluation included performing such procedures as we considered necessary which included:
- Interviewing management and senior executives to obtain an understanding of the internal control environment, risk assessment process and information systems relevant to the sustainability reporting process for the selected subject matter
- Testing the systems and processes to generate, collate, aggregate, validate and monitor the source data used to prepare the selected subject matter for disclosure in the report
- Inspected supporting documentation and performed analytical review procedures
- Evaluated whether the selected KPI disclosures are consistent with our overall knowledge and experience of sustainability processes at PPC
Our assurance engagement does not constitute an audit or review of any of the underlying information in accordance with International Standards on Auditing or International Standards on Review Engagements and, accordingly, we do not express an audit opinion or review conclusion.
We believe that the evidence obtained is sufficient and appropriate to provide a basis for our limited assurance conclusion.
In a limited assurance engagement, the procedures performed 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. Accordingly, we do not express a reasonable assurance opinion about whether the non-financial performance indicators have been presented, in all material respects, in accordance with GRI G4 guidelines, supported by management's internal basis of preparation.
Based on our work described in this report, nothing has come to our attention that causes us to believe that the selected non-financial KPIs as set out in the subject matter paragraph (of our report) for the year ended 31 March 2018, are not prepared, in all material respects, in accordance with the GRI G4 supported by management's internally developed basis of preparation.
Restriction on use and distribution
Our report is made solely to the directors of PPC in accordance with our engagement letter dated 1 March 2018 for the purpose of providing limited assurance over the subject matter disclosed in the PPC integrated report for the year ended 31 March 2018.
Deloitte & Touche
18 July 2018