VALUE THROUGH INNOVATION

INDEPENDENT ASSURANCE STATEMENT
To: The Stakeholders of Indo Thai Synthetics
Introduction and objectives of work
BUREAU VERITAS Certification (India) Pvt Ltd. has been engaged by Indo Thai Synthetics (ITS) to conduct an
independent assurance of its Sustainability Report 2016. This Assurance Statement applies to the related information
included within the scope of work described below.
This information and its presentation in the Sustainability Report 2016 are the sole responsibility of the management
of ITS. Bureau Veritas was not involved in the drafting of the Report. Our sole responsibility was to provide
independent assurance on its content.
Scope of work
The scope of work for this assurance included:
Assurance
• Data and information included in Sustainability Report 2016 for the reporting period 1st April 2015 to 31st
March 2016;
• Appropriateness and robustness of underlying reporting systems and processes, used to collect, analyse and
review the information reported;
• Evaluation of the Report against the principles of Accuracy, Accessibility, Balance, Clarity, Comparability,
Reliability, Timeliness and Stakeholder Inclusiveness, as defined in the GRI Sustainability Reporting Guidelines
G4;
The level of assurance has been applied as “Limited” for all sections of the report.
Methodology
As part of its independent assurance, Bureau Veritas undertook the following activities:
1. Visit to the manufacturing location of ITS on 02.09.2016 and 03.09.2016 and interviews with relevant personnel
of ITS including the plant in-charge and heads of various departments functions such as Production, Energy,
Environment, Safety, Procurement, Human Relations, Marketing and Corporate Finance & Accounts;
2. Review of documentary evidence produced by ITS;
3. Audit of performance data, on a sampling basis
4. Review of ITS data and information systems for collection, aggregation, analysis and review;
5. Review of stakeholder engagement activities by review of the Stakeholder Engagement minutes and report
prepared by RSM GC consultants who were engaged by ITS
6. Direct interviews with a few stakeholders such as suppliers, customers, staff and shop floor employees during
the site visit
Our work was conducted against Bureau Veritas’ standard procedures and guidelines for external Assurance of
Sustainability Reports, based on current best practice in independent assurance.
The work was planned and carried out to provide “Limited” level of assurance and we believe it provides an
appropriate basis for our conclusions.
Our findings
On the basis of our methodology and the activities described above, it is our opinion that:
• Nothing has come to our attention to indicate that the reviewed statements within the scope of our verification
are inaccurate and the information included therein is not fairly stated;
• It is our opinion that ITS has established appropriate systems for the collection, aggregation and analysis
of quantitative data such as Environmental, Health & Safety, Human Resource, Labour, Social & Community
welfare as well as Product, Customer and Investor related data.
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