Επιλέξτε Μέγεθος Γραμματοσειράς:
A A A
w3c
 

ASSURANCE REPORT

To the readers of the 2008 Titan Group Corporate Social Responsibility and Sustainable Development Report

Introduction

We have been engaged by Titan Group to provide assurance on the CO2 emission data and the safety performance data in the 2008 Titan Group Corporate Social Responsibility and Sustainable Development Report (further referred to as The Report). The Report is the responsibility of the company’s management. Our responsibility is to issue an opinion on the CO2 emission data and the safety performance data in The Report.

Context and scope

In The Report Titan Group describes its efforts and progress in relation to sustainability and reporting thereon. Our engagement was designed to provide the readers of The Report limited assurance on whether the 2008 CO2 emission data presented on page 31 and page 48 in The Report and the 2008 safety performance data presented on page 20-21 (fatalities, lost time injury severity rate and lost time injury frequency rate) and page 48 (Health & Safety) in The Report are fairly stated. Procedures performed to obtain a limited level of assurance are aimed at determining the plausibility of data and are less extensive than those for a reasonable level of assurance.

Reporting criteria

There are no generally accepted standards for reporting sustainability performance. Titan Group applies its own internal sustainability performance reporting criteria, derived from the relevant publications of the Cement Sustainability Initiative (CSI) of the World Business Council for Sustainable Development (WBCSD). These publications are The Cement CO2 Protocol and the CSI Guidelines for Measuring and Reporting Safety Data. It is important to view the performance data in the context of this explanatory information. We believe that these criteria are suitable in view of the purpose of our assurance engagement.

Standards

We conducted our engagement in accordance with the International Standard for Assurance Engagements (ISAE) 3000: Assurance Engagements other than Audits or Reviews of Historical Financial Information, issued by the International Auditing and Assurance Standards Board. Amongst others, this standard requires that the assurance team members possess the specific knowledge, skills and professional competencies needed to understand and review the information and that they comply with the requirements of the IFAC Code of Ethics for Professional Accountants to ensure their independence.

Work undertaken

With regard to the information in the Report we carried out the following activities: 

  • reviewing the systems and processes for data management, internal control and processing of the CO2 emission data and the safety performance data;
  • reviewing the CO2 emission data and the safety performance data reported by the production sites under operational control of Titan Group; 
  • visiting two selected production sites to assess the data collection and reporting process and review the reliability of the reported data; 
  • reviewing data trends and discussions with management thereto; 
  • interviewing staff responsible for the analysis and reporting of the data and explanatory notes for CO2 emission data and safety performance data.

Conclusion

Based on the work described above: 

  • The 2008 CO2 emission data presented on page 31 and page 48, referring to The Cement CO2 Protocol, and
  • the 2008 safety performance data presented on page 20-21 and 48 as specified under Context and scope above referring to the CSI Guidelines for Measuring and Reporting Safety Data, do not appear to be unfairly stated.

Amstelveen, 15 June 2009

KPMG Sustainability
W.J. Bartels RA