Independent assurance report

To the readers of the Corporate Responsibility Report 2011 of Linde AG

Introduction

We have been engaged by the Executive Board of Linde AG (further referred to as ‘Linde’) to provide limited assurance on the 2011 data for the indicators listed in the section ‘Context and scope’ together with the related explanatory information in the publication: ‘Corporate Responsibility Report 2011’ (further referred to as ‘The Report’). The Executive Board of Linde is responsible for preparing The Report, including the identification of stakeholders and material issues. Our responsibility is to provide an assurance report on the 2011 data for the indicators listed in the section ‘Context and scope’ together with the related explanatory information in The Report.

Context and scope

Our engagement was designed to provide limited assurance on whether the 2011 data for the indicators listed in the table below together with the related explanatory information are presented, in all material respects, in accordance with the Sustainability Reporting Guidelines (G3.1) of the Global Reporting Initiative as well as internal reporting criteria as published on Linde’s website.

Consumption of energy

Greenhouse gas emissions

Consumption of water

Emissions to air and water

Materials and packaging consumption

Waste and recycling

Number of workplace accidents per million hours worked by employees (LTIR)

Number of serious traffic incidents involving Linde owned trucks per 1 million km driven

Procedures performed to obtain a limited level of assurance are aimed at determining the plausibility of information and are less extensive than those for a reasonable level of assurance.

The Report is published online at http://www.linde.com/cr-report2011. Indicators and explanatory notes in scope of our assurance engagement are marked with an .

Reporting criteria

Linde applies the Sustainability Reporting Guidelines (G3.1) of the Global Reporting Initiative as well as internal reporting criteria for reporting on Corporate Responsibility as described on Linde’s website. We believe that these criteria are suitable in view of the purpose of our assurance engagement.

Assurance standards

We conducted our engagement in accordance with the International Standard for Assurance Engagements (ISAE) 3000: Assurance Engagements other than Audits or Reviews of Historical Financial Information, issued by the International Auditing and Assurance Standards Board. This Standard requires, amongst others, that the assurance team possesses the specific knowledge, skills and professional competencies needed to understand the information in The Report, identify and collect the thereto related assurance information and that they comply with ethical requirements, including independence requirements.

Work undertaken

Our procedures included the following:

  • Performing a media analysis and internet search to obtain information on relevant sustainability issues for Linde in the reporting period;
  • Reviewing the design and existence of the systems and processes for data management, internal control and processing of data for the selected indicators as defined under ‘Context and scope’ at corporate, regional and local level by:
    • Interviewing staff at corporate level responsible for the collection, analysis and reporting of the data
    • Visiting four selected regional offices in Asia, Europe (2) and North America
    • Visiting five selected production sites in Finland, Singapore, the United Kingdom (2) and the United States of America
  • Performing analytical review procedures of the data reported by the production sites under operational control of Linde;
  • Reviewing data trends and discussions with management thereto;
  • Reconciling whether the comparable figures for 2008, 2009 und 2010 have been accurately derived from previous Corporate Responsibility reports of Linde, for which we had provided assurance.

As part of our assurance procedures we discussed changes to the draft reports with Linde and reviewed the final version of The Report to ensure that it reflected our findings.

Our conclusion

Based on our procedures performed, nothing came to our attention to indicate that the data for the indicators as defined under ‘Context and scope’ together with the related explanatory information are not presented, in all material respects, in accordance with the reporting criteria.

Emphasis of matter

Without qualifying our conclusion above, we draw attention to:

  • The explanation on the scope of the environmental indicators, which explains the exclusion of the Van Dongen Group
  • The explanation on the scope of the emissions to air and water, which explains that the values stated apply to locations legally obliged to report

Amstelveen, May 4th, 2012
KPMG Sustainability,
part of KPMG Advisory N.V.
W.J. Bartels, partner

© The Linde Group 2012