Independent practitioner's limited assurance report
To the Board of Directors of China Resources Power Holdings Company Limited
We have undertaken a limited assurance engagement in respect of the selected sustainability information of China Resources Power Holdings Company Limited (the "Company") listed below and identified with an asterisk (*) on pages 89 to 90 (the "Identified Sustainability Information") in the Company's sustainability report for the year ended 31 December 2019 ("the 2019 Sustainability Report") .
Identified Sustainability Information
The Identified Sustainability Information for the year ended 31 December 2019 is summarised below:
l Nitrogen Oxides (NOX) emissions (kt)
l Nitrogen Oxides (NOX) emission rate (g/kWh)
l Sulphur Dioxide (SO2) emissions (kt)
l Sulphur Dioxide (SO2) emission rate (g/kWh)
l Particulates emissions (kt)
l Particulates emission rate (g/kWh)
l Installation rate of desulfurization device in coal-fired thermal power plants (%)
l Installation rate of denitrification device in coal-fired thermal power plants (%)
l Natural gas consumption (Million cubic meters)
l Diesel consumption (kt)
l Coal consumption (kt)
l Net generation coal consumption rate (g/kWh)
l Purchased electricity (MWh)
Our assurance was with respect to the year ended 31 December 2019 information only and we have not performed any procedures with respect to earlier periods or any other elements included in the 2019 Sustainability Report and, therefore, do not express any conclusion thereon.
The criteria used by the Company to prepare the Identified Sustainability Information is set out in Note 3 of "Key Performance Index" on pages 89 to 90 of the 2019 Sustainability Report (the "Criteria").
The Company's Responsibility for the Identified Sustainability Information
The Company is responsible for the preparation of the Identified Sustainability Information in accordance with the Criteria. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation of Identified Sustainability Information that is free from material misstatement, whether due to fraud or error.
The absence of a significant body of established practice on which to draw to evaluate and measure non-financial information allows for different, but acceptable, measures and measurement techniques and can affect comparability between entities.
Our Independence and Quality Control
We have complied with the independence and other ethical requirements of the International Code of Ethics for Professional Accountants issued by the International Ethics Standards Board for Accountants, which is founded on fundamental principles of integrity, objectivity, professional competence and due care, confidentiality and professional behaviour.
Our firm applies International Standard on Quality Control 1 and accordingly maintains a comprehensive system of quality control including documented policies and procedures regarding compliance with ethical requirements, professional standards and applicable legal and regulatory requirements.
Our responsibility is to express a limited assurance conclusion on the Identified Sustainability Information based on the procedures we have performed and the evidence we have obtained. We conducted our limited assurance engagement in accordance with International Standard on Assurance Engagements 3000 (Revised), Assurance Engagements other than Audits or Reviews of Historical Financial Information issued by the International Auditing and Assurance Standards Board. That standard requires that we plan and perform this engagement to obtain limited assurance about whether the Identified Sustainability Information is free from material misstatement.
A limited assurance engagement involves assessing the suitability in the circumstances of the Company's use of the Criteria as the basis for the preparation of the Identified Sustainability Information, assessing the risks of material misstatement of the Identified Sustainability Information whether due to fraud or error, responding to the assessed risks as necessary in the circumstances, and evaluating the overall presentation of the Identified Sustainability Information. A limited assurance engagement is substantially less in scope than a reasonable assurance engagement in relation to both the risk assessment procedures, including an understanding of internal control, and the procedures performed in response to the assessed risks.
The procedures we performed were based on our professional judgement and included inquiries, observation of processes performed, inspection of documents, analytical procedures, evaluating the appropriateness of quantification methods and reporting policies, and agreeing or reconciling with underlying records.
Given the circumstances of the engagement, in performing the procedures listed above we:
l Made appropriate inquiries of management of the Company and its subsidiaries;
l Assessed the design of critical process and control for collecting and reporting the Identified Sustainability Information;
l Undertook limited analytical procedures over the Identified Sustainability Information;
l Re vie wed relevant supporting information and documents for Identified Sustainability Information provided by management; and
l Did not perform any testing on the Continuous Emission Monitoring System of the Company.
The procedures performed in a limited assurance engagement vary in nature and timing from, and are less in extent than for, a reasonable assurance engagement. Consequently, the level of assurance obtained in a limited assurance engagement is substantially lower than the assurance that would have been obtained had we performed a reasonable assurance engagement. Accordingly, we do not express a reasonable assurance opinion about whether the Company's Identified Sustainability Information has been prepared, in all material respects, in accordance with the Criteria.
Limited Assurance Conclusion
Based on the procedures we have performed and the evidence we have obtained, nothing has come to our attention that causes us to believe that the Company's Identified Sustainability Information for the year ended 31 December 2019 is not prepared, in all material respects, in accordance with the Criteria.
Our report has been prepared for and only for the Board of Directors of the Company and for no other purpose. We do not assume responsibility towards or accept liability to any other person for the content of this report.
Certified Public Accountants
Hong Kong, 7 May 2020