Corporate Social Responsibility 2021 - Flipbook - Page 16
INDUSTRIENS PENSIONSFORSIKRING A/S
2021
CORPORATE SOCIAL RESPONSIBILITY REPORT
Independent limited assurance
report on Industriens Pension’s
ESG key figures
To the stakeholders of Industriens Pension
What we are assuring
Management of Industriens Pension engaged us
to provide limited assurance on the data described
below and set out in the consolidated ESG key
figures, included on page 19 in the corporate
social responsibility report for Industriens Pension
2021 for the period 1 January – 31 December
2021.
The scope of our work was limited to assurance
over the consolidated ESG key figures on page 19 of
Industriens
Pension’s
corporate
social
responsibility report 2021.
Our conclusion
Based on the procedures we performed and the
evidence we obtained, nothing came to our
attention that causes us to believe that the
consolidated ESG key figures for the period 1
January to 31 December 2021 have not been
prepared, in all material respects, in accordance
with the accounting policies as stated on page 20.
Comparative figures for 2020 and 2019 in the ESG
key figure overview are not covered by our
conclusion.
This conclusion is to be read in the context of what
we state in the remainder of our report.
Professional standards applied and level of
assurance
We performed a limited assurance engagement in
accordance with the International Standard on
Assurance engagements 3000 (revised) ‘Assurance
Engagements other than Audits and Reviews of
Historical Financial Information’, and, in respect of
the reported greenhouse gas emissions, in
accordance with International Standard on
Assurance
Engagements
3410
‘Assurance
engagements on greenhouse gas statements’. The
quantification of greenhouse gas emissions is
subject to inherent uncertainty because of
incomplete scientific knowledge used to determine
the emissions factors and the values needed to
combine emissions of different gasses.
A limited assurance engagement is substantially
less in scope than a reasonable assurance
engagement in relation to both the risk assessment
procedures, including an understanding of internal
control, and the procedures performed in response
to the assessed risks.
INDEPENDENT LIMITED ASSURANCE REPORT ON INDUSTRIENS PENSION’S ESG KEY FIGURES
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.
Work performed
Our independence and quality control
• Made inquiries and conducted interviews with
Group functions to assess consolidation
processes, use of company-wide systems, and
controls performed at Group level;
We have complied with the independence
requirements and other ethical requirements in
the International Ethics Standards Board for
Accountants’ International Code of Ethics for
Professional Accountants (IESBA Code), which is
founded on fundamental principles of integrity,
objectivity, professional competence and due
care, confidentiality and professional behaviour
and ethical requirements applicable in Denmark.
PwC 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. Our work was carried
out by an independent multidisciplinary team with
experience in sustainability reporting and
assurance.
We are required to plan and perform our work in
order to consider the risk of material misstatement
of the ESG key figures. In doing so and based on our
professional judgement, we:
• Checked ESG key figures on a sample basis to
underlying documentation, and evaluated the
appropriateness of quantification methods and
compliance with the accounting policies for
preparing the consolidated ESG key figures;
• Conducted an analytical review of the
consolidated ESG key figures and trend
explanations;
• Considered the additional information disclosed
in the corporate social responsibility report 2021
in order to identify inconsistencies in relation to
the consolidated ESG key figures covered by our
statement; and
• Evaluated the obtained evidence.
Understanding reporting and
measurement methodologies
The consolidated ESG key figures need to be read
and understood together with the accounting
policies on page 20, which Management is solely
responsible for selecting and applying. The
absence of a significant body of established
practice on which to draw to evaluate and
measure ESG information allows for different, but
acceptable, measurement techniques and can
affect comparability between entities and over
time.
Management’s responsibilities
Management of Industriens Pension is responsible
for:
• Designing, implementing and maintaining
internal control over information relevant to the
preparation of data in the consolidated ESG key
figures that are free from material misstatement,
whether due to fraud or error;
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