Corporate Social Responsibility and GRI

Independent assurance report – translation

OP Cooperative management

We have been engaged by OP Cooperative to provide a limited assurance on OP Group’s corporate social responsibility GRI indicators for the reporting period of January 1, 2016 to December 31, 2016. The information subject to the assurance engagement has been presented in the OP Year 2016 report in the section “Corporate Social Responsibility and GRI” (hereafter: Corporate Social Responsibility Information).

Management’s responsibility

Management is responsible for the preparation of the Sustainability Information in accordance with the Reporting criteria as set out in the OP Group’s reporting principles and the Sustainability Reporting Guidelines (G4 Core) of the Global Reporting Initiative. This responsibility includes: designing, implementing and maintaining internal control relevant to the preparation and fair presentation of the Sustainability Information that are free from material misstatement, whether due to fraud or error, selecting and applying appropriate criteria and making estimates that are reasonable in the circumstances.

Assurance provider’s responsibility

Our responsibility is to express a limited assurance conclusion on the Corporate Social Responsibility Information based on our engagement. We conducted our assurance engagement in accordance with International Standard on Assurance Engagements (ISAE) 3000 (Revised) to provide limited assurance on performance data and statements within the Corporate Social Responsibility Information.

This Standard requires that we comply with ethical requirements and plan and perform the assurance engagement to obtain limited assurance whether any matters come to our attention that cause us to believe that the Corporate Social Responsibility Information has not been prepared, in all material respects, in accordance with the Reporting criteria.

We did not perform any assurance procedures on the prospective information, such as targets, expectations and ambitions, disclosed in the Corporate Social Responsibility Information. Consequently, we draw no conclusion on the prospective information. Our assurance report is made in accordance with the terms of our engagement with OP Cooperative. We do not accept or assume responsibility to anyone other than the OP Cooperative for our work, for this assurance report, or for the conclusions we have reached.

A limited assurance engagement with respect to responsibility related data involves performing procedures to obtain evidence about the Corporate Social Responsibility Information. The procedures performed depend on the practitioner’s judgment, but their nature is different from, and their extent is less than, a reasonable assurance engagement. It does not include detailed testing of source data or the operating effectiveness of processes and internal controls and consequently they do not enable us to obtain the assurance necessary to become aware of all significant matters that might be identified in a reasonable assurance engagement.

Our procedures on this engagement included:

  • Conducting four interviews with senior management responsible at the OP Group to gain an understanding of OP Group’s targets for corporate responsibility as part of the business strategy and operations;
  • Reviewing internal and external documentation to verify to what extent these documents and data support the information included in the Corporate Social Responsibility Information and evaluating whether the information presented in the Corporate Social Responsibility Information is in line with our overall knowledge of corporate responsibility at OP;
  • Conducting interviews with employees responsible for the collection and reporting of the Corporate Social Responsibility Information and reviewing of the processes and systems for data gathering, including the aggregation of the data for the Corporate Social Responsibility Information;
  • Performing analytical review procedures and testing data on a sample basis to assess the reasonability of the presented Corporate Social Responsibility Information;
  • Assessing that the Corporate Social Responsibility Information has been prepared in accordance with the Sustainability Reporting Guidelines (G4 Core) of the Global Reporting Initiative.

We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion.

Limitations of the engagement

We have not performed assurance procedures in relation to financial information within scope of the financial audit. To the extent that audited information is presented in the Corporate Social Responsibility Reporting, the reader should read the financial audit statement to obtain necessary assurance.

 

Our independence, quality control and competences

We complied with Deloitte’s independence policies which address and, in certain cases, exceed the requirements of the International Federation of Accountants Code of Ethics for Professional Accountants in their role as independent assurance providers and in particular preclude us from taking financial, commercial, governance and ownership positions which might affect, or be perceived to affect, our independence and impartiality and from any involvement in the preparation of the report. We have maintained our independence and objectivity throughout the year and there were no events or prohibited services provided which could impair our independence and objectivity.

Deloitte & Touche Oy 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. This engagement was conducted by a multidisciplinary team including assurance and sustainability expertise with professional qualifications. Our team is experienced in providing sustainability reporting assurance.

Conclusion

On the basis of the procedures we have performed, nothing has come to our attention that causes us to believe that the information subject to the assurance engagement is not prepared, in all material respects, in accordance with the Sustainability Reporting Guidelines (G4 Core) of the Global Reporting Initiative or that the Corporate Social Responsibility Information is not reliable, in all material respects, with regard to the Reporting criteria.

Our assurance statement should be read in conjunction with the inherent limitations of accuracy and completeness for Corporate Social Responsibility Information.

Helsinki 27.2.2017

Deloitte & Touche Oy

Lasse Ingström
Authorized Public Accountant  

Johan Groop
Authorized Public Accountant