Hydro Annual Report 2011b
Hydro Annual Report 2011b
Hydro Annual Report 2011b
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vIABIlItY perForMAnCe<br />
Auditor’s Review <strong>Report</strong> on <strong>Hydro</strong> Viability Performance 2011<br />
• An assessment of <strong>Hydro</strong>’s self-declared commitment to the ICMM 10 Principles.<br />
• An assessment of <strong>Hydro</strong>’s self-declared application level according to GRI’s guidelines.<br />
• We have gained an overall impression of the Viability Performance, and its format, considering the information’s mutual<br />
conformity with the applicable criteria.<br />
• Reconciliation of the reviewed information with the viability information in the <strong>Hydro</strong> <strong>Annual</strong> <strong>Report</strong> 2011.<br />
Conclusion<br />
Based on our review procedures, nothing has come to our attention that causes us to believe that <strong>Hydro</strong>´s 2011 viability Performance<br />
has not, in all material respects, been prepared in accordance with the above stated criteria and that <strong>Hydro</strong> has not adhered<br />
to the AA1000APS principles inclusivity, materiality and responsiveness to the extent reported on <strong>Hydro</strong>´s website www.hydro.<br />
com/reporting2011 under the heading viability Performance.<br />
Other information<br />
The following is other information that has not affected our conclusion above. The principles inclusivity, materiality and responsiveness<br />
apply to the extent reported in the description on www.hydro.com/reporting2011 under the heading viability Performance<br />
which includes the following points that requires further attention:<br />
• In relation to inclusiveness, <strong>Hydro</strong> will discuss the allocation of resources in certain areas to support the planning of<br />
dialogues and specifically ensure fulfillment in the new operations in Brazil.<br />
• In relation to materiality, the widened scope that comes with new operations means that issues such as biodiversity, waste<br />
treatment as well as traditional peoples and other stakeholder groups have become more important to <strong>Hydro</strong>’s activities.<br />
• In relation to responsiveness, <strong>Hydro</strong> will work to ensure timeliness in responses and work further on implementation in large<br />
projects, new countries and new operations. <strong>Hydro</strong> will stay committed to and have understanding for cultural differences<br />
and that change takes time.<br />
Oslo, March 20, 2012<br />
KPMG AS<br />
Arne frogner Åse Bäckström<br />
State Authorized Accountant Head of Climate Change<br />
& Sustainability Services<br />
73
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