Gabriel_Annual_Report_2024-25 - Flipbook - Page 106
CONTENTS // CONSOLIDATED FINANCIAL STATEMENTS AND PARENT COMPANY FINANCIAL STATEMENTS // INDEPENDENT AUDITOR’S LIMITED ASSURANCE REPORT ON THE SUSTAINABILITY STATEMENT
Independent auditor’s limited assurance report
on the sustainability statement
To the stakeholders of Gabriel Holding A/S
Limited assurance conclusion
We have conducted a limited assurance engagement on
the sustainability statement of Gabriel Holding A/S (the
“Group”) included in the management commentary (the
“sustainability statement”), pages 24-78, for the financial
year 1 October 2024 - 30 September 2025.
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 sustainability statement is not prepared, in all material respects,
in accordance with section 99a of the Danish Financial
Statements Act, including:
• compliance with the European Sustainability Reporting
Standards (ESRS), including that the process carried out
by the management to identify the information reported in the sustainability statement (the “Process”) is in
accordance with the description set out in the “Double
materiality assessment” subsection within the “General
information” section; and
• compliance with the disclosures in the “EU taxonomy
regulation” subsection within the “Environment” section
of the sustainability statement with Article 8 of EU Regulation 2020/852 (the “Taxonomy Regulation”).
Basis for conclusion
We conducted our limited assurance engagement in
accordance with International Standard on Assurance
Engagements (ISAE) 3000 (Revised), Assurance engagements other than audits or reviews of historical financial
information (“ISAE 3000 (Revised)”) and the additional
requirements applicable in Denmark.
The procedures 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 a reasonable assurance engagement been performed.
We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion. Our responsibilities under this standard are further
described in the “Auditor’s responsibilities for the assurance engagement” section of our report.
Our independence and quality management
We are independent of the Group in accordance with
the International Ethics Standards Board for Accountants’
International Code of Ethics for Professional Accountants
(IESBA Code) and the additional ethical requirements
applicable in Denmark, and we have fulfilled our other
ethical responsibilities in accordance with these requirements and the IESBA Code.
KPMG Statsautoriseret Revisionspartnerselskab applies
International Standard on Quality Management 1, which
requires us to design, implement and operate a system
of quality management including policies or procedures
regarding compliance with ethical requirements, professional standards and applicable legal and regulatory requirements.
Other matter
The comparative information included in the sustainability statement of the Group for the financial year 1
October 2024 - 30 September 2025 was not subject to
an assurance engagement. Our conclusion is not modified in respect of this matter.
Inherent limitations in preparing
the sustainability statement
In reporting forward-looking information in accordance
with ESRS, management is required to prepare the forward-looking information on the basis of disclosed assumptions about events that may occur in the future and
possible future actions by the Group. Actual outcomes
are likely to be different since anticipated events frequently do not occur as expected.
Management’s responsibilities for
the sustainability statement
Management is responsible for designing and implementing a process to identify the information reported in
the sustainability statement in accordance with the ESRS
and for disclosing this Process in the “Double materiality
assessment” subsection within the “General information”
section of the sustainability statement.
This responsibility includes:
• understanding the context in which the Group’s activities and business relationships take place and developing an understanding of its affected stakeholders;
• identifying the actual and potential impacts (both negative and positive) related to sustainability matters,
as well as risks and opportunities that affect, or could
reasonably be expected to affect, the Group’s financial position, financial performance, cash flows, access
to finance or cost of capital over the short, medium,
or long term;
• assessing the materiality of the identified impacts, risks
and opportunities related to sustainability matters by
selecting and applying appropriate thresholds; and
• making assumptions that are reasonable in the circumstances.
Management is further responsible for the preparation of
the sustainability statement, in accordance with section
99a of the Danish Financial Statements Act, including:
• complying with the ESRS;
• preparing the disclosures in the “EU taxonomy regulation” subsection within the “Environment” section of
the sustainability statement, in compliance with Article
8 of the Taxonomy Regulation;
• designing, implementing and maintaining such internal
control that management determines is necessary to
enable preparation of a sustainability statement that
is free from material misstatement, whether due to
fraud or error; and
• selecting and applying appropriate sustainability reporting methods and making assumptions and estimates that are reasonable in the circumstances.
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