From Annual Report 2008
To the Board of Management of Wärtsilä Oyj Abp
At the request of Wärtsilä Oyj Abp, we have reviewed the Sustainability Information Wärtsilä Oyj Abp presents in connection with the Wärtsilä Annual Report 2008. The Sustainability Information, including the identification of material issues, is the responsibility of and has been approved by the Board of Management of Wärtsilä Oyj Abp. The responsibility of KPMG is to issue an assurance report on the Information.
Context and scope
In the Sustainability Information, Wärtsilä Oyj Abp describes its efforts and progress in relation to sustainability. The Sustainability Information consists of economic, social and environmental data and statements for 2008 presented in the “Sustainability Review” of the Annual Report (pp. 54 – 86) as well as product performance data and statements for 2008 presented on selected and marked sections on Wärtsilä Oyj Abp’s web page at www.wartsila.com. The Wärtsilä Oyj Abp Sustainability Information has been prepared according to the SustainabilityReporting Guidelines of the Global Reporting Initiative 3.0 (G3), as well as Wärtsilä Oyj Abp internal reporting guidelines.
Our engagement was designed to provide limited assurance on whether the data presented in the Sustainability Information are reliable and the information presented in the section is fairly stated.
Standards and criteria
We conducted our engagement in accordance with the International Standard for Assurance Engagements (ISAE 3000): Assurance Engagements other than Audits or Reviews of Historical Financial Information, issued by the International Auditing and Assurance Standards Board. Amongst others, this standard requires that the assurance team members possess the specific knowledge, skills and professional competencies needed to understand and review the Sustainability Information, and that they comply with the requirements of the IFAC Code of Ethics for Professional Accountants to ensure their independence.
The evaluation criteria used for our assurance are the Sustainability Reporting Guidelines of the Global Reporting Initiative 3.0 (G3), as well as Wärtsilä Oyj Abp internal reporting guidelines
Considerations and limitations
Sustainability data – including environmental and social performance data – are subject to inherent limitations given their nature and the methods used for determining, calculating and estimating such data. It is important to view the performance data in the context of the explanatory information provided by Wärtsilä Oyj Abp.
To obtain a thorough understanding of the financial results and financial position of Wärtsilä Oyj Abp, the Wärtsilä audited Financial Statements for the year ended 31 December 2008 should be consulted.
Work undertaken and conclusions
We reviewed the reliability of the Sustainability Information on 2008 based on reviews of:
- the systems and processes used to generate, aggregate and report these data and information;
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internal documentation and control points for data flow;
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the data reported by all reporting organizations to corporate level;
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the calculations made at corporate level; and the data validation processes at corporate level.
To gain a deeper understanding on the reported Sustainability Information and related reporting processes, we have also conducted
Based on our work described above, nothing has come to our attention that causes us to believe that the Sustainability Information, based on the abovementioned criteria, is not fairly stated in all material respects.
Helsinki, 4 February 2009
KPMG OY AB
Pekka Pajamo
Authorized Public Accountant
Nina Killström
Advisor, Sustainability Services
