Independent Limited Assurance Report to Kinross Gold Corporation
We have been engaged by the management of Kinross Gold Corporation (‘Kinross’) to undertake a limited assurance engagement in respect of the year ended December 31, 2013, on certain performance information disclosed in the 2013 Corporate Responsibility Report (the ‘CR Report’) as described below.
The scope for which assurance is to be expressed, as agreed with management, includes the following performance information (the ‘Selected Indicators’):
|Subject Matter||Performance Indicators selected for assurance|
|Safety||Total Reportable Injury Frequency Rate (Per 200,000 hours)|
|Energy||Direct energy consumption (GJ)
Indirect energy consumption (GJ)
Energy intensity rate (MJ/t)
|Greenhouse Gas (GHG) Emissions||Direct and indirect GHG emissions (Scope 1 & 2) (tCO2e)
GHG intensity rate (kg CO2e/t)
GHG emissions (Scope 3) (tCO2e)
|Water Use||Water intensity rate (litres/tonne)
Water recycling rate (%)
|Water Generation||Waste rock mined (t)
Tailings produced (t)
Hazardous waste disposed on site (t)
Hazardous waste disposed off site (t)
Non-hazardous waste disposed on site (t)
Non-hazardous waste disposed off site (t)
Non-mineral waste intensity (kilograms of waste/tonne of ore)
Non-mineral recycled waste (t)
Recycling rate (%)
The Selected Indicators, contained within the CR Report and identified by the symbol [A], have been determined by management on the basis of Kinross’ assessment of the material issues contributing to Kinross’ CR performance and most relevant to their stakeholders. There are no mandatory requirements for the preparation, publication or review of CR performance metrics. As such, Kinross applies the World Resource Institute/World Business Council for Sustainable Development Greenhouse Gas Protocol (the ‘GHG Protocol’) and its own internal reporting guidelines and definitions for CR reporting, which can be found in the Glossary section of the CR Report.
Management is responsible for the preparation and presentation of the Selected Indicators in accordance with Kinross’ internal reporting guidelines and definitions for CR reporting and the GHG Protocol, current as at the date of our report. Management is also responsible for determining Kinross’ objectives in respect of sustainable development performance and reporting, including the identification of stakeholders and material issues, and for establishing and maintaining appropriate performance management and internal control systems from which the reported performance information is derived.
Our responsibility in relation to the Selected Indicators is to perform a limited assurance engagement and to express a conclusion based on the work performed. We conducted our engagement in accordance with International Standard on Assurance Engagements (ISAE) 3000 Assurance Engagements other than Audits or Reviews of Historical Financial Information and ISAE 3410 Assurance Engagements on Greenhouse Gas Statements, issued by the International Auditing and Assurance Standards Board. ISAE 3000 and ISAE 3410 require that we comply with applicable ethical requirements, including independence requirements.
We have not been engaged in respect of, and our conclusion does not cover, any periods prior to the year ended December 31, 2013.
We planned and performed our work to obtain all of the evidence, information and explanations we considered necessary in order to form our conclusion as set out below. A limited assurance engagement consists of making inquiries, primarily of persons responsible for the preparation of the Selected Indicators, and applying analytical and other evidence gathering procedures, as appropriate. Our procedures included:
- Inquiries of management to gain an understanding of Kinross’ processes for determining the material issues for Kinross’ key stakeholder groups;
- Inquiries with relevant staff at the corporate, regional and mine operations level to understand the data collection and reporting processes for the Selected Indicators;
- Where relevant, performing walkthroughs to test the design of internal controls relating to data collection and reporting of the Selected Indicators at corporate, regional and mine operations level;
- Comparing the reported data for the Selected Indicators to underlying data sources on a sample basis at both the corporate and mine operations level which included visits to a limited number of mine sites, selected based on their significance to the Selected Indicators;
- Inquiries regarding key assumptions and where relevant, the re-performance of calculations; and,
- Reviewing the Selected Indicators presented in the CR Report to determine whether they are consistent with our overall knowledge of, and experience with, the CR performance of Kinross.
The extent of evidence gathering procedures performed in a limited assurance engagement is less than that for a reasonable assurance engagement, and therefore a lower level of assurance is obtained.
Our assurance report is provided solely to Kinross in accordance with the terms of our engagement. Our work has been undertaken so that we might report to Kinross on those matters we have been engaged to report upon in this assurance report, and for no other purpose. We do not accept or assume responsibility to anyone other than Kinross for our work, for this assurance report, or for the conclusion we have reached.
Independence and competence
In conducting our engagement, 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. The engagement was conducted by a multidisciplinary team which included professionals with suitable skills and experience in both assurance and in the applicable subject matter including environmental, social, governance and financial aspects.
Based on the procedures performed, as described above, nothing has come to our attention that causes us to believe that for the year ended December 31, 2013, the Selected Indicators, as described above and disclosed in the 2013 Corporate Responsibility Report, have not been prepared and presented, in all material respects, in accordance with Kinross Gold Corporation’s internal reporting guidelines and definitions for corporate responsibility reporting and with the World Resource Institute/World Business Council for Sustainable Development Greenhouse Gas Protocol, current as at the date of our report.
Chartered Professional Accountants, Licensed Public Accountants
June 16, 2014