Independent auditors' non-financial assurance report
Limited assurance report of the independent auditor, Deloitte & Touche to the directors of Barloworld Limited
We have undertaken a limited assurance engagement on selected subject matter, as described below, and the GRI Application Level as published in the Barloworld Integrated Report and Modular Response (the Reports) for the year ended 30 September 2015. The subject matter, prepared in accordance with the Global Reporting Initiative Guidelines (GRI) and the Greenhouse Gas (GHG) Protocol Corporate Standard supported by management’s internal basis of preparation (the criteria) comprises the following sustainability performance indicators:
- Statement of total value added
- Group corporate social investment spend (R million)
- Total number of employees
- Employee breakdown by race (RSA only) and gender
- Lost-time injury frequency rate and number of work-related fatalities
- Fuel consumption – petrol and diesel (ML)
- Electricity consumption (MWh)
- Energy consumption (GJ)
- Carbon emissions (tCO2e)
- Water consumption (ML)
The company’s directors are responsible for the selection, preparation and presentation of the subject matter in accordance with the criteria as disclosed in the Reports for the year ended 30 September 2015, including the implementation and execution of systems to collect required sustainability data and maintenance of internal control relevant to the preparation of the Reports that are free from material misstatement, whether due to fraud or error.
Our responsibility is to express our limited assurance conclusion on the above sustainability performance indicators and self-declared GRI G3.1 Application Level for the year ended 30 September 2015, based on the procedures we have performed and the evidence we have obtained. We conducted our limited assurance engagement in accordance with the International Standard on Assurance Engagements (ISAE) 3000, Assurance Engagements other than Audits or Reviews of Historical Financial Information, issued by the International Auditing and Assurance Standards Board. This Standard requires us to comply with ethical requirements and to plan and perform our limited assurance engagement to obtain sufficient appropriate evidence about whether the selected subject matter is fairly presented and free from material misstatement.
We do not accept any responsibility for any reports previously given by us on any sustainability information used in relation to the subject matter beyond that owed to those to whom those reports were addressed by us at the dates of their issue.
Our independence and quality control
We have complied with the Code of Ethics for Professional Accountants issued by the International Ethics Standards Board for Accountants. In accordance with International Standard on Quality Control 1, Deloitte maintains a comprehensive system of quality control.
Summary of work performed
A limited assurance engagement undertaken in accordance with ISAE 3000 involves assessing the suitability in the circumstances of the entity’s use of GRI G3.1 Guidelines and GHG Protocol as the basis of preparation for the selected key performance indicators, assessing the risks of material misstatement of the selected key performance indicators whether due to fraud or error, responding to the assessed risks as necessary in the circumstances, and evaluating the overall presentation of the selected key performance indicators.
A limited assurance engagement is substantially less in scope than a reasonable assurance engagement in relation to evidence gathering and risk assessment procedures, including an understanding of internal control, and the procedures performed in response to the assessed risks. Consequently, less assurance is provided. The procedures we performed were based on our professional judgement and included inquiries, observation of processes performed, inspection of documents, analytical procedures, evaluating the appropriateness of quantification methods and reporting policies, and agreeing or reconciling with underlying records. Accordingly, we do not express a reasonable assurance opinion about whether the entity’s selected subject matter have been prepared, in all material respects, in accordance with the criteria.
Our evaluation mirrored the company’s own compilation process and 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; and
- Tested 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 Reports.
Our limited 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.
Based on the procedures we have performed and the evidence we have obtained, nothing has come to our attention that causes us to believe that the selected sustainability performance indicators as set out in the subject matter paragraph for the year ended 30 September 2015 are not fairly presented and prepared, in all material respects in accordance with the GRI G3.1 Guidelines and GHG Protocol supported by management’s internal basis of preparation.
Based on the procedures we have performed and the evidence we have obtained, nothing has come to our attention that causes us to believe that management’s declaration of an A+ Application Level is not prepared, in all material respects, in accordance with the GRI G3.1.
Our report does not extend to any disclosures or assertions relating to future performance plans and/or strategies disclosed in the Reports. The maintenance and integrity of the entity’s website is the responsibility of management. Our procedures did not involve consideration of these matters and, accordingly we accept no responsibility for any changes to either the information in the Reports or our independent assurance report that may have occurred since the initial date of presentation.
Restriction on use and distribution
Our work has been undertaken to enable us to express a limited assurance conclusion on the selected subject matter to the directors of Barloworld Limited in accordance with the terms of our engagement, and for no other purpose. We do not accept or assume liability to any party other than the entity, for our work, for this report, or for the conclusion we have reached.
Deloitte & Touche
Per – Nina le Riche
4 December 2015
National Executive: *LL Bam Chief Executive, *AE Swiegers Chief Operating Officer, *GM Pinnock Audit, *N Singh Risk Advisory, *NB Kader Tax, TP Pillay Consulting, S Gwala BPaaS, *K Black Clients & Industries, *JK Mazzocco Talent & Transformation, *MJ Jarvis Finance, *M Jordan Strategy, *MJ Comber Reputation and Risk, *TJ Brown Chairman of the Board
A full list of partners and directors is available on request
* Partner and registered auditor.
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