sustainabilityreport2003.pdf

Box 4.1 Developing our reporting and assurance
This year at MTR we are embarking on a journey to develop and improve our reporting and
assurance. In terms of reporting, we have made a number of changes and improvements to our
reporting in this, our third Sustainability Report. These include our first efforts at sustainability
accounting and an inventory of our green house gas emissions.
We also conducted a review of our assurance arrangements and undertook to gain enhanced
comfort over the quality of our reported sustainability information (qualitative and quantitative).
We have built on the relatively limited scope of the verification process that we commissioned
last year, which involved limited testing of a sample of the information that they assured. We
appointed PricewaterhouseCoopers who work to internationally recognised professional
assurance standards that set out a framework for the nature and extent of the assurance work
needed.
PricewaterhouseCoopers conducted a programme of interviews with management, reviewed
documentation and carried out analytical review supplemented, where necessary, with data
testing, in relation to all the information selected for assurance. They also reviewed the whole
report to confirm that there are no inconsistencies with the findings of their work. This work is
consistent with a limited assurance assignment as defined by the IFAC international standards. .
The statements and data in the Report marked with the symbol � are the subject of
assurance work by PricewaterhouseCoopers. Please refer to the Assurance Statement in
Section 10 for more information.
Going forward we plan to work proactively with our stakeholders and our assurance providers
to:
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�
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Identify the material aspects of our sustainability performance.
Focus future target setting, reporting and assurance efforts on these areas in the coming
years.
Build up our reporting systems and controls to enhance the quality and credibility of our
reported sustainability information further.
MTR CORPORATION SUSTAINABILITY REPORT 2003
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