Independent limited assurance report to the directors of PPC Ltd

We have performed our limited assurance engagement in respect of the selected non-financial key performance indicator (KPI) disclosures to be published in the PPC Ltd (PPC) integrated report for the year ended 31 March 2017.

Subject matter

The subject matter comprises the non-financial KPIs prepared in accordance with the Global Reporting Initiative G4 Guidelines (GRI G4) supported by management’s internal basis of preparation (the criteria) as prepared by the responsible party during the year ended 31 March 2017.

The subject matter comprises the following:

  Key performance indicator     Boundary of indicator assurance
  Total workforce by employment type, employment contract, region and gender     South Africa (excluding Pronto, Safika and 3Q), Botswana and Zimbabwe
  Total number and rates of new employee hires and employee turnover by age group, gender and region     South Africa (excluding Pronto, Safika and 3Q), Botswana and Zimbabwe
  The percentage of total employees covered by collective bargaining agreements     South Africa (excluding Pronto, Safika and 3Q), Botswana and Zimbabwe
  Type of injury and rates of injury, occupational diseases, lost days, and absenteeism, and total number of work-related fatalities, by region and by gender     South Africa (excluding Pronto, Safika and 3Q), Botswana and Zimbabwe
  Average hours of training per year per employee by gender, and by employee category     South Africa (excluding Pronto, Safika and 3Q)
  Composition of governance bodies     Group
  Percentage of operations with implemented local community engagement, impact assessments, and development programmes     South Africa
  Monetary value of significant fines and total number of non-monetary sanctions for non-compliance with laws and regulations     South Africa, Botswana and Zimbabwe
  Energy consumption within the organisation     South Africa
  Direct greenhouse gas (GHG) emissions (scope 1)     South Africa
  Indirect GHG emissions (scope 2)     South Africa
  NOx, SOx, and other significant air emissions     South Africa
  Monetary value of significant fines and total number of non-monetary sanctions for non-compliance with environmental laws and regulations     South Africa, Botswana and Zimbabwe
  Direct economic value generated and distributed     Group
Directors’ responsibility

The directors being the responsible party, and where appropriate, those charged with governance are responsible for the subject matter information, in accordance with the GRI and PPC’s own internal basis of preparation.

The responsible party is responsible for:

  • ensuring that the subject matter information is properly prepared and presented in accordance with the criteria against which the underlying subject matter will be assessed;
  • confirming the measurement or evaluation of the underlying subject matter against the applicable criteria, including that all relevant matters are reflected in the subject matter information; and
  • designing, establishing and maintaining internal controls to ensure that the subject matter information is properly prepared and presented in accordance with the criteria against which the underlying subject matter will be assessed.

Assurance practitioner’s responsibility

We conducted our 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. This standard requires us to comply with ethical requirements and to plan and perform our limited assurance engagement with the aim of obtaining limited assurance regarding the subject matter of the engagement.

We shall not be responsible for reporting on any non-financial 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 non-financial KPIs of the company, as prepared by management in accordance with the GRI G4 as supported by management’s basis of preparation for the year ended 31 March 2017.

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 report;
  • inspected supporting documentation and performed analytical review procedures; and
  • evaluated whether the selected KPI disclosures are consistent with our overall knowledge and experience of sustainability processes at PPC.

Our 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.

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 nonfinancial performance indicators have been presented, in all material respects, in accordance with GRI G4 guidelines, supported by management’s internal basis of preparation.

Conclusion

Based on our work described in this report, nothing has come to our attention that causes us to believe that the selected non-financial KPIs as set out in the subject matter paragraph (of our report) for the year ended 31 March 2017, is not prepared, in all material respects, in accordance with the GRI G4 supported by management’s internally developed basis of preparation.

Restriction on use and distribution

Our report is made solely to the directors of PPC in accordance with our engagement letter dated 27 February 2017 for the purpose of proving limited assurance over the subject matter disclosed in the PPC integrated report for year ended 31 March 2017.

Claire Hoy
Director
Deloitte & Touche

12 June 2017