Independent assurance report
To the Management of Tikkurila Oyj
We have been engaged by the Management of Tikkurila Oyj (hereafter Tikkurila) to provide limited assurance on the corporate responsibility information presented in Tikkurila’s Annual Report 2011 on pages 22–27 as well as on specifically marked pages on Tikkurila’s website, from the reporting period 1.1.–31.12.2011 (hereafter Corporate Responsibility Information).The Management of Tikkurila is responsible for the preparation and presentation of the Corporate Responsibility Information in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines 3.0, as well as for the presented data, assertions and gathering of information.
Our responsibility is to carry out a limited assurance engagement and to express an independent conclusion on the information subject to the assurance based on the work performed. We have conducted the engagement in accordance with the Finnish Institute of Authorised Public Accountants’ Standard 3000 Assurance Engagements other than Audits or Reviews of Historical Financial Information. Amongst others, this standard requires that the assurance team members comply with the requirements of the IFAC Code of Ethics for Professional Accountants to ensure their independence. Our assurance report is made in accordance with the terms of our engagement with Tikkurila. We do not accept or assume responsibility to anyone other than Tikkurila for our work, for this assurance report, or for the conclusions we have reached.
The evaluation criteria used for our assurance are the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines 3.0 (G3).
Limitations of the engagement
Data and information related to corporate responsibility are subject to inherent limitations applying to data accuracy and completeness, which are to be taken into account when reading our assurance report. The presented Corporate Responsibility Information is to be considered in connection with the explanatory information on data collection, consolidation and assessments provided by Tikkurila. Our assurance report is not intended for use in evaluating Tikkurila’s performance in executing the corporate responsibility principles Tikkurila has defined. To assess the financial state and performance of Tikkurila, Tikkurila’s audited Financial Statement for the year ended 31 December 2011 is to be consulted.The work performed in the engagement
Our assurance procedures are designed to obtain limited assurance on whether the Corporate Responsibility Information is presented in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines 3.0 in all material respects. A limited assurance engagement consists of making inquiries, primarily of persons responsible for the preparation of the Corporate Responsibility Information, and applying analytical and other evidence gathering procedures, as appropriate. The evidence gathering procedures mentioned above are more limited than for a reasonable assurance engagement, and therefore less assurance is obtained than in a reasonable assurance engagement.In our engagement we have performed the following procedures:
- Interviews with three members of senior management to reassert our understanding of the connection between Tikkurila’s corporate responsibility procedures and Tikkurila’s business strategy and operations as well as corporate responsibility objectives;
- An assessment of data management processes, information systems and working methods used to gather and consolidate the presented Corporate Responsibility Information, and a review of Tikkurila’s related internal documents;
- Comparison of the presented Corporate Responsibility Information to underlying rules of procedure, management and reporting systems as well as documentation;
- An assessment of the Corporate Responsibility Information’s conformity with the principles of the GRI-guidelines;
- A review of the performance data and assertions presented in the Corporate Responsibility Information, and an assessment of information quality and reporting boundary definitions;
- Testing of data accuracy and completeness through samples from the Group’s information systems and original numerical information received from the Group companies;
- Three detailed assessments in units selected on the basis of a risk analysis taking into account both qualitative and quantitative information.
Based on the assurance procedures performed, nothing has come to our attention that causes us to believe that the information subject to the assurance engagement is not presented in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines 3.0 (G3) in all material respects.
Helsinki, 6 March 2012
KPMG OY AB
Pekka Pajamo
Authorized Public Accountant
Nina Killström
Corporate Responsibility Advisor
Translation from the original Finnish report
