Independent Assurance Report (Translation)1
To the Management Board of METRO AG, Düsseldorf
We have performed an independent limited assurance engagement on selected quantitative and qualitative sustainability performance information in the “Corporate Responsibility Report 2016” (further “Report”) for the business year 2015/2016 (October 1, 2015 to September 30, 2016) of METRO AG, Düsseldorf (further “METRO”), published online at http://reports. metrogroup.de/2015-2016/corporate-responsibility-report. The quantitative and qualitative sustainability performance information included in the scope of our assurance is marked with in the column “Links within this Report” of the GRI Content Index.
It was not part of our engagement to review product and service related information, references to external websites and information sources, as well as future-related statements in the Report.
The legal representatives of METRO are responsible for the preparation of the Report and the determination and presentation of the quantitative and qualitative information in accordance with the Reporting Criteria. METRO applies the principles and standard disclosures of the G4 Sustainability Reporting Guidelines of the Global Reporting Initiative, the Corporate Accounting and Reporting Standard (Scope 1 and 2) and the Corporate Value Chain (Scope 3) Standard of World Resources Institute/World Business Council for Sustainable Development, supported by internal guidelines, as described in the explanations to the sustainability performance indicators (further: Reporting Criteria).
This responsibility of the legal representatives includes the selection and application of appropriate methods to prepare the reported information and the use of assumptions and estimates for individual sustainability disclosures which are reasonable under the given circumstances. Furthermore, the responsibility includes designing, implementing and maintaining systems and processes relevant for the preparation of the information in a way that is free of – intended or unintended – material misstatements.
Independence and quality assurance on the part of the auditing firm
We have complied with the independence and other ethical requirements of the Code of Ethics for Professional Accountants issued by the International Ethics Standards Board for Accountants (IESBA-Code), which is founded on fundamental principles of integrity, objectivity, professional competence and due care, confidentiality and professional behavior.
The quality assurance system of KPMG AG Wirtschaftsprüfungsgesellschaft is based on the International Standard on Quality Control 1 “Quality Control for Audit, Assurance and Related Service Practices” (ISQC 1) and, in addition, on national statutory requirements and professional standards, especially the Professional Code for German Public Auditors and Chartered Accountants as well as the joint statement of WPK (German Chamber of Public Accountants) and IDW (Institute of Public Auditors in Germany): Requirements for quality assurance in the auditing practice (VO 1/2006).
Our responsibility is to express a conclusion based on our work performed and the evidence obtained on the quantitative and qualitative sustainability performance information included in the scope of our assurance is marked with in the GRI Content Index.
Nature and extent of the assurance engagement
We conducted our work in accordance with the International Standard on Assurance Engagements (ISAE) 3000 (Revised): “Assurance Engagements other than Audits or Reviews of Historical Financial Information” and the International Standard on Assurance Engagements (ISAE) 3410: “Assurance Engagements on Greenhouse Gas Statements” of the International Auditing and Assurance Standards Board (IAASB). These standards require that we comply with our professional duties and plan and perform the assurance engagement to obtain a limited level of assurance to preclude that the information above is not prepared, in all material respects, in accordance with the aforementioned Reporting Criteria. In a limited assurance engagement the evidence gathering procedures are more limited than in a reasonable assurance engagement and therefore less assurance is obtained than in a reasonable assurance engagement. The choice of audit procedures is subject to the auditor’s own judgement. This includes the assessment of the risk of material misstatement of the assured information under consideration of the Reporting Criteria.
Within the scope of our work, we performed amongst others the following procedures when conducting the limited assurance engagement:
- Interviewing employees at Group level in order to gain an understanding of the process for determining material sustainability topics and the respective boundaries of METRO.
- A risk analysis, including a media search, to identify relevant sustainability aspects for METRO in the reporting period.
- Evaluation of the design and implementation of systems and processes for the collection, processing and controls of the selected sustainability performance indicators, including the consolidation of the data and the documentation of these activities.
- Interviews with relevant staff at Group level responsible for providing the data and information, carrying out internal control procedures and consolidating the data and information, including the explanations to the reported information.
- Visits to Media Markt Saturn Holding Nederland B.V. (Rotterdam) and METRO Cash & Carry Nederland B.V. (Amsterdam), and video conferences with Metro Grosmarket Bakirköy Alisveris Hizmetleri Ticaret Ltd. Sirketi (Istanbul) and MS Istanbul İç ve Dış Ticaret Ltd. Sirketi (Istanbul), to assess local data collection and reporting processes and the reliability of the reported data.
- Visits to two stores of Real and METRO Cash & Carry in Germany to assess local data collection and reporting processes and the reliability of the reported occupational safety data.
- Evaluation of internal and external documentation to determine whether the qualitative and quantitative information is supported by sufficient evidence and is presented correctly and balanced.
- Analytical review of the data and trend explanations submitted by all sales divisions for consolidation at Group level.
- Evaluation of the overall presentation of the quantitative and qualitative information on the sustainability performance in scope of our assurance engagement.
Based on the procedures performed and the evidence received, nothing has come to our attention that causes us to believe that selected quantitative and qualitative sustainability performance information in the Corporate Responsibility Report 2016 of METRO, for the business year 2015/2016, published online at http://reports. metrogroup.de/2015-2016/corporate-responsibility-report and marked in the GRI G4 Content Index with , is not prepared, in all material respects, in accordance with the Reporting Criteria.
Purpose of the assurance report
This assurance report is issued based on an assurance engagement agreed upon with METRO. The assurance engagement to obtain limited assurance is conducted on behalf of METRO and the assurance report is solely for information purposes of METRO on the results of the assurance engagement.
This assurance report must not be used as a basis for (financial) decision-making by third parties of any kind. We have responsibility only towards METRO. We do not assume any responsibility towards third parties.
Düsseldorf, December 14, 2016
[Original German version signed by:]
[German Public Auditor]
[German Public Auditor]
1 Our engagement applied to the German version of the Report 2016. This text is a translation of the Independent Assurance Report issued in German language, whereas the German text is authoritative.