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Independent Assurance Report

(Translation from the Finnish original)

To the Management of Sponda Plc

We have been engaged by the Management of Sponda Plc (hereinafter also the Company) to perform a limited assurance engagement on selected information on energy and emissions for the reporting period 1 January 2014 to 31 December 2014, disclosed in Sponda Plc’s Annual Report 2014 on the Company’s website (hereinafter Corporate Responsibility Reporting). The assured information is indicated in the Company’s GRI index 2014.

Management’s responsibility

The Management of Sponda Plc is responsible for preparing the Corporate Responsibility Reporting in accordance with the Reporting criteria as set out in Sponda Plc’s reporting instructions, the G4 Sustainability Reporting Guidelines and the G4 Construction and Real Estate Sector Disclosures of the Global Reporting Initiative and the EPRA Best Practices Recommendations on Sustainability Reporting (September 2014) of the European Public Real Estate Association.

Practitioner’s responsibility

Our responsibility is to express a conclusion on the Corporate Responsibility Reporting based on our work performed. Our assurance report has been prepared in accordance with the terms of our engagement. We do not accept, or assume responsibility to anyone else, except to Sponda Plc for our work, for this report, or for the conclusions that we have reached.

We have not been engaged to provide assurance on the information in the Corporate Responsibility Reporting relating to prior reporting periods.

We conducted our work in accordance with the International Standard on Assurance Engagements (ISAE) 3000 “Assurance Engagements Other than Audits or Reviews of Historical Financial 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 Responsibility Reporting has not been prepared, in all material respects, in accordance with the Reporting criteria.

In a limited assurance engagement the evidence-gathering procedures are more limited than for a reasonable assurance engagement, and therefore less assurance is obtained than in a reasonable assurance engagement. An assurance engagement involves performing procedures to obtain evidence about the amounts and other disclosures in the Corporate Responsibility Reporting.The procedures selected depend on the practitioner’s judgement, including an assessment of the risks of material misstatement of the Corporate Responsibility Reporting. Our work consisted of, amongst others, the following procedures:

  • Interviewing a representative of senior management of the Company.
  • Visiting the Company’s Head Office as well as one site in Finland.
  • Interviewing employees responsible for collecting and reporting the information presented in the Corporate Responsibility Reporting at the Group level and at the site where our visit took place.
  • Assessing how Group employees apply the reporting instructions and procedures of the Company.
  • Testing the accuracy and completeness of the information from original documents and systems on a sample basis.
  • Testing the consolidation of information and performing recalculations on a sample basis.

Conclusion

Based on our work described in this report, nothing has come to our attention that causes us to believe that Sponda Plc’s Corporate Responsibility Reporting has not been prepared, in all material respects, in accordance with the Reporting criteria. When reading our assurance report, the inherent limitations to the accuracy and completeness of sustainability information should be taken into consideration.

Helsinki, 16 February 2015

PricewaterhouseCoopers Oy

Sirpa Juutinen    Maj-Lis Steiner
Partner    Director, Authorised Public Accountant
Sustainability & Climate Change   Assurance Services