Independent auditor's assurance report
To: the Annual General Meeting of Shareholders and the Supervisory Board of Koninklijke DSM N.V.
Independent auditor’s assurance report 2015
We have reviewed the sustainability information in the sections: ‘DSM in motion: driving focused growth’, ‘Growth driver: Sustainability’, ‘Stakeholder engagement’, ‘People in 2015’, ‘Planet in 2015’, and ‘Sustainability statements’, as included in the Integrated Annual Report (hereafter: the Report) over the year 2015 of Koninklijke DSM N.V. (hereafter: Royal DSM). Based on our review, nothing has come to our attention to indicate that the sustainability information in the Report is not presented, in all material respects, in accordance with the GRI G4 Guidelines and the reporting criteria of Royal DSM.
Our report on consistency
We report, to the extent we can assess, that the information on sustainability in the Report is consistent with the rest of Royal DSM’s Integrated Annual Report 2015.
Basis for our conclusion
We conducted our engagement in accordance with the Dutch Standard 3810N: “Assurance engagements relating to sustainability reports”, which is a specified standard under the International Standard on Assurance Engagements (ISAE) 3000: “Assurance Engagements other than Audits or Reviews of Historical Financial Information”. We do not provide any assurance on the achievability of the objectives, targets and expectations of Royal DSM.
Our responsibilities under Standard 3810N and procedures performed have been further specified in the paragraph titled “Our responsibility for the review of the Report”.
We are independent of Royal DSM in accordance with the “Verordening inzake de onafhankelijkheid van accountants bij assurance-opdrachten” (ViO) and other relevant independence requirements in the Netherlands. Furthermore we have complied with the “Verordening gedrags- en beroepsregels accountants” (VGBA).
We believe that the review evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion.
Responsibilities of the Managing Board for the Report
The Managing Board of Royal DSM is responsible for the preparation of the Report in accordance with the GRI G4 Guidelines and the reporting criteria of Royal DSM (as described in the section ‘Reporting policy’). It is important to view the information in the Report in the context of these criteria.
As part of this, the Managing Board is responsible for such internal control as it determines is necessary to enable the preparation of the Report that is free from material misstatement, whether due to fraud or error.
Our responsibility for the review of the Report
Our objective is to plan and perform the review assignment in a manner that allows us to obtain sufficient and appropriate assurance evidence for our conclusion.
Our review engagement has been performed to obtain a limited level of assurance. Procedures performed to obtain a limited level of assurance are aimed at determining the plausibility of information and are less extensive than those for a reasonable level of assurance.
The following procedures were performed:
- A risk analysis, to identify relevant sustainability issues for Royal DSM in the reporting period;
- Reviewing the suitability and application of the internal reporting criteria including conversion factors used in the preparation of the Report;
- Evaluating the design and implementation of the reporting processes and the controls regarding the qualitative and quantitative information in the Report;
- Interviewing management and relevant staff at corporate, business group, and site level responsible for the sustainability strategy, policies, management, internal controls and reporting;
- Visits to production sites to review the source data and the design and implementation of controls at site level;
- Review of the results of procedures performed by the Corporate Operational Audit department of Royal DSM as part of the operational audits at sites with respect to sustainability information;
- Evaluating internal and external documentation, based on sampling, to determine whether the information in the Report is supported by sufficient evidence;
- Analytical review of the data and trend explanations submitted by all business groups and sites for consolidation at corporate level.
Amstelveen, 29 February 2016
KPMG Accountants N.V.
E.H.W. Weusten RA