Independent auditors' report
Independent auditors' non-financial limited assurance report to the directors of Barloworld Limited
We have performed our limited assurance engagement in respect of the selected sustainability key performance indicators, as described below, disclosed in the Barloworld integrated report and modular response (the reports) for the year ended 30 September 2016.
Subject matter
The subject matter comprises the sustainability key performance indicators disclosed in accordance with management’s basis of preparation, supported by the Global Reporting Initiative (GRI) G4 Sustainability Reporting Guidelines and the Greenhouse Gas (GHG) Protocol Corporate Standard. The subject matter includes the following:
- Statement of total value added (R million)
Value created
- Group corporate social investment spend (R million)
Community support
- Total number of employees
- Employee breakdown by race (RSA only) and gender
People
- Number of work-related fatalities
- Lost-time injury frequency rate
Safety
- Fuel consumption – petrol and diesel (ML)
- Electricity consumption (MWh)
- Non-renewable energy consumption (GJ)
Energy
- Scope 1 emissions
- Scope 2 emissions
- Scope 3 rental fleet emissions – Avis Budget South Africa
Carbon emissions (tCO2e)
- Water withdrawal (municipal sources) (ML)
Water
Directors’ responsibility
The directors being the responsible party, and where appropriate, those charged with governance 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 2016. This responsibility includes ensuring that the subject matter is prepared in accordance with management’s basis of preparation, supported by the GRI G4 Sustainability Reporting Guidelines and the GHG Protocol Corporate Standard, the identification of stakeholders and stakeholder requirements, material matters, for commitments with respect to the sustainability performance and for the design, implementation and maintenance of internal control relevant to the preparation of the integrated report and the modular response, that is free from material misstatement, whether due to fraud or error.
Assurance practitioner’s responsibility
Our responsibility is to express our limited assurance conclusion on the above sustainability performance indicators for the year ended 30 September 2016, 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 (Revised), 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 with the aim of obtaining sufficient appropriate evidence about whether the selected subject matter is fairly presented and free from material misstatement.
We shall not be responsible for reporting on any sustainability performance indicator transactions beyond the period covered by our limited assurance engagement.
Quality control
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 sustainability key performance indicators of Barloworld, as prepared in accordance with management’s basis of preparation, supported by the GRI G4 Sustainability Reporting Guidelines and the GHG Protocol Corporate Standard, for the year ended 30 September 2016.
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 integrated report and the modular response
- Inspected supporting documentation and performed analytical review procedures
- Evaluated whether the selected sustainability performance indicator disclosures are consistent with our overall knowledge and experience of sustainability processes at Barloworld.
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 has been presented, in all material respects, in accordance with management’s internal basis of preparation, supported by the GRI G4 Sustainability Reporting Guidelines and the GHG Protocol Corporate Standard.
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.
Conclusion
Based on our work described in this report, nothing has come to our attention that causes us to believe that the selected sustainability key performance indicators as set out in the subject matter paragraph (of our report) for the year ended 30 September 2016, is not prepared, in all material respects, in accordance with management’s basis of preparation, supported by the GRI G4 Sustainability Reporting Guidelines and the GHG Protocol Corporate Standard.
Other matters
Our report does not extend to any disclosures or assertions relating to future performance plans and/or strategies disclosed in the integrated report and the GRI modular response.
The maintenance and integrity of the Barloworld website is the responsibility of Barloworld’s 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 website, the reports or our independent assurance report that may have occurred since the initial date of presentation.
Restriction on use and distribution
Our report is made solely to the directors of Barloworld in accordance with our engagement letter dated 15 April 2016, for the purpose of providing limited assurance over the key sustainability performance indicators disclosed in the Barloworld integrated report and the GRI modular response for the year ended 30 September 2016.
Deloitte & Touche
Registered auditors
Per Nina le Riche
Director
5 December 2016
National Executive: *LL Bam Chief Executive, *TMM Jordan Deputy Chief Executive Officer, *MJ Jarvis Chief Operating Officer, *GM Pinnock Audit, *N Sing Risk Advisory, *NB Kader Tax, TP Pillay Consulting, S Gwala BPaaS, *K Black Clients and Industries, *JK Mazzocco Talent and Transformation, *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.
B-BBEE rating: Level 2 contributor in terms of the Chartered Accountancy Profession Sector Code
Associate of Deloitte Africa, a member of Deloitte Touche Tohmatsu Limited