Åland Index Independent Assurance Report

To the Management of Doconomy AB

At the request of the Management of Doconomy AB (hereafter Doconomy) we have performed a limited assurance engagement over the principles of compiling information, CO2e emissions and water consumption factors, for the Åland Index.

Management's responsibility

The Management of Doconomy is responsible for the preparation and presentation of the Åland Index in accordance with the principles of compiling information. The principles of compiling information are described in the document Åland Index Methodology.The Management of Doconomy is responsible for third party involvement, information derived from third party sources and how the third-party information is used.

Assurance Provider’s responsibility

It is our responsibility to present an independent conclusion, based on our work performed, on the principles of compiling information for the Åland Index. We do not accept nor assume responsibility to anyone else except to Doconomy for our work, for the assurance report and for the conclusions that we have reached.

We have conducted the assurance engagement in accordance with the International Standard on Assurance Engagements (ISAE) 3000 ‘Assurance Engagements Other than Audits or Reviews of Historical Financial Information’. The ISAE 3000 standard requires compliance with ethical requirements as well as planning and performing the assurance engagement to obtain limited assurance on whether the Åland Index has been prepared, in all material respects, in accordance with the principles of compiling information.

Assurance Provider’s independence and quality assurance

We comply with the independence and other ethical requirements of the Code of Ethics for Professional Accountants issued by the IESBA (International Ethics Standards Board for Accountants). We apply ISQC 1 (International Standard on Quality Control) and accordingly maintain a comprehensive system of quality control including documented policies and procedures regarding compliance with ethical requirements, professional standards and applicable legal and regulatory requirements.

Limitations of the Engagement

In a limited assurance engagement, the evidence gathering procedures are more limited than in a reasonable assurance engagement, and therefore less assurance is obtained than in a reasonable assurance engagement. The procedures selected depend on the Assurance Provider’s judgment, including an assessment of the risks that the Åland index not, in all material respects, comply with the principles of compiling information. We have planned and performed our engagement to obtain sufficient and appropriate evidence on which to base our conclusion.

We have performed, for example, the following procedures:

  1. Collecting and gaining knowledge on the inherent limitations of the underlying information, CO2e emissions and water consumption factors, in the Åland Index. During this process we assessed the following
    1. Whether the underlying information (CO2e emission and water consumption factors) of the Åland Index
      is based on information subject to third-party assurance.
    2. Whether the underlying information (CO2e emission and water consumption factors) are based on
      disclosed or modelled information.
  2. Interviews with the senior management, key personnel and third parties to understand the principles of
    compiling information and the methodology Åland Index.
  3. Checking CO2e emissions and water consumption factors to internal sources on a sample basis.

Our assurance report should be read in conjunction with the inherent limitations of accuracy and completeness of the Åland Index. This independent assurance report should not be used on its own as a basis for interpreting the performance of Åland Index against the principles of compiling information.

Conclusion

Based on our work described in this report, nothing has come to our attention that causes us to believe that the CO2e and water information described in the Åland Index has been not been prepared in all material respects, in accordance, with the principles of compiling information, or that the information is not reliable, in all material respects.

Helsinki, 13th May 2020

Ernst & Young Oy

Terhi Mäkinen
Partner, Authorized Public Accountant

Jani Alenius
Leader of Climate Change and Sustainability