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Independent limited assurance report
Independent limited assurance report
to the Directors of Thai Beverage Public Company Limited
Our conclusion
Based on the procedures performed, as described below, nothing has come to our attention that would lead us to believe that the Selected Sustainability Information identified below and included in the 2015 Sustainability Report for the year ended 31 December 2015, is not, in all material respects, prepared in accordance with the Global Reporting Initiatives G4 Guidelines (“GRI G4”) and management’s calculation methodologies.
We, KPMG Phoomchai Audit Ltd, have been engaged by Thai Beverage Public Company Limited (“ThaiBev”) and are responsible for providing a limited assurance conclusion in respect of the selected sustainability information for the period ended 31 December 2015 to be included in the Sustainability Report (“the Report”) as identified below (“the Selected Sustainability Information”).
Our assurance engagement is conducted in accordance with the International Standard on Assurance Engagements ISAE 3000 Assurance Engagements other than Audits or Reviews of Historical Financial Information and ISAE 3410 Assurance on Greenhouse Gas Statements. These standards require the assurance team to possess the specific knowledge, skills and professional competencies needed to provide assurance on sustainability information, and that they comply with the requirements of the Code of Ethics for Professional Accountants of the International Federation of Accountants to ensure their independence. 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.
We have not been engaged to provide an assurance conclusion on any other information disclosed within the Report.
Selected Sustainability Information includes the following data for the year ended 31 December 2015:
• Economic data included on page 20-21
• Table: Total for 2015 Water withdrawal on page 32
• Table: Total for 2015 of Energy consumption on page 40
• Table: Total for 2015 of Emissions (scope 1 & 2) on page 46
Director’s and management’s responsibilities
The directors and management of ThaiBev are responsible for the preparation and presentation of the Selected Sustainability Information, specifically ensuring that in all material respects the Selected Sustainability Information is prepared and presented in accordance with the GRI G4 Guidelines and management’s calculation methodologies. This responsibility also includes the internal controls relevant to the preparation of the Report that is free from material misstatement whether due to fraud or error.
Limited assurance over Selected Sustainability Information
In forming our limited assurance conclusion over the Selected Sustainability Information our procedures consisted of making enquiries and applying analytical and other evidence gathering procedures including:
• Interviews with senior management and relevant staff at corporate and operating sites;
• Inquiries about the design and implementation of the systems and methods used to collect and process the information reported, including the aggregation of source data into the Selected Sustainability Information;
• Visits to 6 sites, selected on the basis of a risk analysis including the consideration of both quantitative and qualitative criteria.
• Agreeing the Selected Sustainability Information to relevant underlying sources on a sample basis to determine whether all the relevant information has been included in the Selected Sustainability Information and prepared in accordance with the GRI G4 Guidelines and management’s calculation methodologies.
The procedures performed in a limited assurance engagement vary in nature and timing from, and are less in extent than for, a reasonable assurance engagement and consequently the level of assurance obtained in a limited assurance engagement is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed. Accordingly, we do not express a reasonable assurance opinion.
Restriction of use of our report
Our report should not be regarded as suitable to be used or relied on by any party wishing to acquire rights against us other than ThaiBev, for any purpose or in any other context. Any party other than ThaiBev who obtains access to our report or a copy threof and chooses to rely on our report (or any part threof) will do so at its own risk. To the fullest extent permitted by law, we accept or assume no responsibility and deny any liabilitiey to any party other than ThaiBev for our work, for this independent limited assurance report, or for the conclusions we have reached.
KPMG Phoomchai Audit Ltd.
24 March 2016
As of date 31 December 2015
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