Independent assurance report on selected sustainability information
To the directors of Impala Platinum Holdings Limited
We have undertaken a limited assurance engagement on selected sustainability information, as described below, and presented in the Sustainable Development Report of Impala Platinum Holdings Limited (Implats) for the year ended 30 June 2011 (the report).
We have complied with the International Federation of Accountants’ Code of Ethics for Professional Accountants, which includes comprehensive independence and other requirements founded on fundamental principles of integrity, objectivity, professional competence and due care, confidentiality and professional behaviour. Our engagement was conducted by a multidisciplinary team of health, safety, environmental and assurance specialists with extensive experience in sustainability reporting.
Selected sustainability information
We are required to provide limited assurance on the following selected sustainability information:
1. Selected performance information:
Social and labour indicators (only applicable to the South African based Implats’ operations)
|Number of new enrolments (employees) on adult basic education and training (ABET)||842 employees||link, link|
|Number of employees who are classified as historically disadvantaged South Africans (HDSA) and who are employed at management levels (excluding non-executive directors)||385 employees||link|
|Number of women employees in mining||2 740 employees||link|
|Total socio-economic development (SED) expenditure||R130 million||link|
|HDSA procurement (>25%) as a percentage of total discretionary procurement||55%||link (table 1)|
Health and safety indicators
|Contractor and employee fatalities||Seven fatalities||link|
|Contractor and employee lost-time incident frequency rate (LTIFR)||4.94 pmhr||link, link|
|New cases of noise induced hearing loss (NIHL)||57 cases||link, link|
|New cases of pulmonary tuberculosis diagnosed and treated||350 cases||link, link|
|Number of patients on the HIV wellness programme – employee VCT uptake (tested cases) and employees on ART – net enrolment||14 072 VCT
2 773 employees
|Total energy consumed||18 222 (000 GJ)||link, link|
|Total water withdrawn||27 045
(000 kilo litres)
|Total water consumed||41868
|Total direct carbon dioxide (CO2) emissions||435 605 tonnes||link, link|
|Total indirect carbon dioxide (CO2) emissions||3586 623 tonnes||link, link|
|Total direct sulphur dioxide (SO2) emissions (only Zimplats, Springs and Rustenburg Operations)||18 881 tonnes||link, link|
|Total indirect nitrogen oxide (NOx) emissions||15 307 tonnes||link|
2. Implats’ self-declaration of a Global Reporting Initiative (Gri) B+ Application Level (Pg 2)
The directors are responsible for the selection, preparation and presentation of the sustainability information, the identification of stakeholders and stakeholder requirements, material issues, for commitments with respect to sustainability performance, and establishing and maintaining appropriate performance management and internal control systems from which the reported information is derived, and for such internal control as the directors determine is necessary to enable the preparation of the report that is free from material misstatement, whether due to fraud or error.
- The GRI G3 Guidelines applied to the selected performance information
- The GRI G3 Guidelines for the B+ application level.
Our responsibility is to express a limited assurance conclusion on the selected sustainability information based on our work performed. We conducted our engagement in accordance with International Standard on Assurance Engagements (ISAE) 3000, Assurance Engagements other than the Audits or Reviews of Historical Financial Information, issued by the International Auditing and Assurance Standards Board. That standard requires that we plan and perform our engagement to obtain limited assurance about whether the selected sustainability information is free from material misstatement.
Our procedures and the extent of our procedures depend on our judgement including the risks of material misstatement of the selected sustainability information. In making our risk assessments, we considered internal control relevant to Implats’ preparation of the report. In a limited assurance engagement, the evidence gathering procedures are less than where reasonable assurance is expressed. We believe the evidence we have obtained is sufficient and appropriate to provide a basis for our limited assurance conclusions.Summary of work performed
Our work included the following evidence gathering procedures:
- Interviewing management and senior executives at Group level to assess the application of the GRI G3 principles and to obtain an understanding of the general control environment relative to the reported sustainability information
- Obtaining an understanding of the processes and systems which generate, aggregate and monitor the selected sustainability information;
- Inspecting supporting documentation and performing analytical procedures;
- Visiting a risk based selection of four operation sites, including Rustenburg (mining, concentrating and smelting), Springs (refineries), Marula (mining and concentrating) and Zimplats (mining and concentrating).
- Conducting an application level check on the report to ensure all disclosure requirements of the GRI B+ application level have been adhered to.
- Evaluating whether the information presented in the report is consistent with our findings, overall knowledge and experience of sustainability management and performance at Implats.
1. On the selected performance information
Based on our work performed, nothing has come to our attention that causes us to believe that the selected sustainability information set out in 1 above for the year ended 30 June 2011 is not fairly stated, in all material respects, in accordance with the GRI G3 Guidelines.
2. On Implats’ self-declaration of a GRI B+ application level
Based on our work performed, nothing has come to our attention that causes us to believe that Implats’ self-declaration of a B+ application level is not fairly stated, in all material respects, on the basis of the GRI G3 Guidelines.
Limitation of liability
Our work has been undertaken to enable us to express a limited assurance conclusion on the selected sustainability information to the directors of Implats in accordance with the terms of our engagement, and for no other purpose. We do not accept or assume liability to any party other than Implats, for our work, for this report, or for the conclusion we have reached.
KPMG Services (Pty) Limited
Per PD Naidoo
17 August 2011