Verification Statement

Scope and Objective

Hong Kong Quality Assurance Agency (“HKQAA”) was commissioned by Hong Kong Aircraft Engineering Company Limited (hereinafter referred to as “HAECO”) to undertake an independent verification for 2019 HAECO Group Sustainable Development Reporting (hereinafter referred to as “HAECO’s Reporting”). HAECO’s Reporting included the overall sustainability performance and efforts made by HAECO Group in economic, environmental and social aspect in the period of 1st January 2019 to 31st December 2019.

The aim of this verification is to provide a reasonable assurance on the reliability of the contents. HAECO’s Reporting has been prepared in accordance with the Core Option of the GRI Sustainability Reporting Standards (GRI Standards).

Level of Assurance and Methodology

The process applied in this verification was based on the 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. Our evidence gathering process was designed to obtain a reasonable level of assurance as set out in the standard for the purpose of devising the verification conclusion. The extent of this verification process undertaken covered the criteria set in the GRI Standards: Core Option.

The verification process included verifying the systems and processes implemented for collecting, collating and reporting the sustainability performance data, reviewing relevant documentation, interviewing responsible personnel with accountability for preparing the reporting contents and verifying selected representative sample of data and information. Raw data and supporting evidence of the selected samples were also thoroughly examined during the verification process.

Independence

HAECO Group is responsible for the collection and presentation of the information presented. HKQAA does not involve in calculating, compiling, or in the development of the Report. Our verification activities are independent from HAECO Group.

Conclusion

Based on the verification results and in accordance with the verification procedures undertaken, HKQAA has obtained reasonable assurance and is in the opinion that:

  • HAECO’s Reporting has been prepared in accordance with the GRI Standards: Core Option;
  • HAECO’s Reporting illustrates the sustainability performance of HAECO Group, covering all material aspects, in a balanced, comparable, clear, responsive, fair and timely manner; and
  • The data and information disclosed in HAECO’s Reporting are reliable and complete.

Nothing has come to HKQAA attention that the selected sustainability performance information and data contained in the Report has not been prepared and presented fairly and honestly, in all material aspects, in accordance with the verification criteria.

HAECO Group has reported specifically the sustainability issues identified as the most influencing matters to its business and stakeholders through a materiality identification exercise. HAECO’s Reporting illustrates the challenges and opportunities associating to HAECO Group’s sustainability context, it covers different projects undertaken in 2019 and the approaches that HAECO Group adopted to manage the result achieved. HAECO Group has developed a stringent data management mechanism where all data undergoes robust internal vetting, the basis of credible and transparent reporting is attained. In conclusion, HAECO’s Reporting reflects appropriately the commitments and involvement of HAECO Group towards sustainable development.

Signed on behalf of Hong Kong Quality Assurance Agency

Jorine Tam
Director, Corporate Business
May 2020