To the management of Metso Corporation
We have been engaged by the Management of Metso Corporation to perform a limited assurance engagement on the information on economic, social and environmental responsibility disclosed in Metso Corporation’s annual sustainability reporting for the period of January 1, 2010 to December 31, 2010. The annual sustainability reporting (hereinafter “Sustainability Reporting”) consists of sustainability information disclosed in the Annual Report 2010 of Metso Corporation and the Metso Sustainability Results 2010 online publication, as disclosed on Metso’s website. The scope of the Sustainability Reporting covers the entire Metso Group.
Management’s responsibility
The Management of Metso Corporation is responsible for preparing the Sustainability Reporting in accordance with the Reporting criteria as set out in Metso Corporation’s own documented standards and the G3 Guidelines of the Global Reporting Initiative.
Practitioner’s responsibility
Our responsibility is to express a conclusion on the Sustainability Reporting based on our work performed. Our assurance report has been made in accordance with the terms of our engagement. We do not accept, or assume responsibility to anyone else, except to Metso Corporation for our work, for this report, or for the conclusions that we have reached.
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 Sustainability Reporting has not been prepared, in all material respects, in accordance with the Reporting criteria.
We have not been engaged to provide assurance on amounts or other disclosures relating to the prior reporting periods presented in the Sustainability Reporting.
In a limited assurance engagement the evidencegathering 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 Sustainability Reporting. The procedures selected depend on the practitioner’s judgment, including an assessment of the risks of material misstatement of the Sustainability Reporting.
Our work consisted of, amongst others, the following procedures:
- Making interviews with senior management of Metso Corporation.
- Assessing how Metso Group employees apply Metso Corporation’s reporting guidelines and procedures.
- Visiting Metso Corporation’s Head Office as well as six production units in Brazil, China, Finland, Germany and Czech Republic.
- Interviewing employees responsible for collection and reporting of the information presented in them Sustainability Reporting at Metso Group level and at the different production units where our visits took place.
- Inspection of relevant documents and systems for gathering, analyzing and aggregating the information presented in the Sustainability Reporting as well as tests on a sample basis.
- Assessing the data consolidation process of the information presented in the Sustainability Reporting at Metso Group level.
Conclusion
Based on our limited assurance engagement, nothing has come to our attention that causes us to believe that the Sustainability Reporting has not been prepared, in all material respects, in accordance with the Reporting criteria. Our assurance report should be read in conjunction
with the inherent limitations of accuracy and completeness for sustainability information. This independent assurance report should not be used on its own as a basis for interpreting Metso Corporation’s performance in relation to its principles of corporate responsibility.
Helsinki, February 24, 2011
PricewaterhouseCoopers Oy
Johan Kronberg
Authorised Public Accountant
Sirpa Juutinen
Partner
Sustainability & Climate Change