Independent Practitioner’s Assurance Report
(Translation from the Finnish original)
To the Management of Sponda Plc
We have been engaged by the Management of Sponda Plc (hereinafter also the Company) to perform a limited assurance engagement on selected information on energy and emissions for the reporting period 1 January 2015 to 31 December 2015, disclosed in Sponda Plc’s Annual Report 2015 on the Company’s website (hereinafter Corporate Responsibility Information). The assured information is indicated in the Company’s GRI index 2015.
The Management of Sponda Plc is responsible for preparing the Corporate Responsibility Information in accordance with the Reporting criteria as set out in Sponda Plc’s reporting instructions, the G4 Sustainability Reporting Guidelines and the G4 Construction and Real Estate Sector Disclosures of the Global Reporting Initiative and the EPRA Best Practices Recommendations on Sustainability Reporting (September 2014) of the European Public Real Estate Association. The Management of Sponda Plc is also responsible for such internal control as the management determines is necessary to enable the preparation of Corporate Responsibility Information that is free from material misstatement, whether due to fraud or error.
Practitioner’s independence and quality control
We have complied with the independence and other ethical requirements of the Code of Ethics for Professional Accountants issued by the International Ethics Standards Board for Accountants, which is founded on fundamental principles of integrity, objectivity, professional competence and due care, confidentiality and professional behaviour.
PricewaterhouseCoopers Oy 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.
Our responsibility is to express a limited assurance conclusion on the Corporate Responsibility Information 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”. That standard requires that we plan and perform the engagement to obtain limited assurance about whether the Corporate Responsibility Information is free from material misstatement.
In a limited assurance engagement the evidence-gathering procedures are more limited than for a reasonable assurance engagement, and therefore less assurance is obtained than in a reasonable assurance engagement. An assurance engagement involves performing procedures to obtain evidence about the amounts and other disclosures in the Corporate Responsibility Information. The procedures selected depend on the practitioner’s judgement, including an assessment of the risks of material misstatement of the Corporate Responsibility Information.
Our work consisted of, amongst others, the following procedures:
- Interviewing a representative of senior management of the Company.
- Visiting the Company’s Head Office and interviewing employees responsible for collecting and reporting the information presented in the Corporate Responsibility Information.
- Assessing the application of the reporting instructions and procedures of the Company.
- Testing the accuracy and completeness of the information from original documents and systems on a sample basis.
- Testing the consolidation of information and performing recalculations on a sample basis.
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 Sponda Plc’s Corporate Responsibility Information for the reporting period ended 31 December 2015 is not properly prepared, in all material respects, in accordance with the Reporting criteria.
When reading our assurance report, the inherent limitations to the accuracy and completeness of sustainability information should be taken into consideration.
Our assurance report has been prepared in accordance with the terms of our engagement. We do not accept, or assume responsibility to anyone else, except to Sponda Plc for our work, for this report, or for the conclusions that we have reached.
Helsinki, 18 February 2016
Authorised Public Accountant