Investor Presentaiton
136
LETTER OF
ASSURANCE
KPMG
GRI 102-56
KPMG
2021 INTEGRATED ANNUAL REPORT
KPMG Auditores Independentes Ltda
Rua Arquiteto Olavo Redig de Campos, 105, 6º andar - Tome A
04711-904-Sao Paulo/SP - Brasil
Caixa Postal 79518-CEP 04707-970 - São Paulo/SP - Brasil
Telefone +55 (11) 3940-1500
kpmg.com br
Limited assurance report issued by
independent auditors
To the Board of Directors, Shareholders and Stakeholders
M. Dias Branco S.A Industria e Comércio de Alimentos
Eusébio-CE
Introduction
We have been engaged by M. Dias Branco SA Industria e Comércio de Alimentos (M. Dias
Branco or "Company") to apply limited assurance procedures on the sustainability information
disclosed in 2021's Integrated Report, related to the year ended December 31, 2021.
Responsibilities of M. Dias Branco's Management
The Management of M. Dias Branco is responsible for adequately preparing and presenting
the sustainability information in the Integrated Report 2021 in accordance with the Standards
for Sustainability Report of Global Reporting Initiative - GRI (GRI-Standards) and CPC
Guideline 09-Integrated Report of CVM Resolution No. 14 of December 9, 2020 (Correlation
to the Basic Conceptual Structure of Integrated Reporting, prepared by the International
Integrated Reporting Council - IIRC) as well as the internal controls determined necessary
to ensure this information is free from material misstatement, resulting from fraud or error
Independent auditors' responsibility
Our responsibility is to express a conclusion about the information in the integrated Report
2021 based on a limited assurance engagement conducted in accordance with the Technical
Communication (CT) 07/2012, approved by the Federal Accounting Council and prepared
based on NBC TO 3000 (Assurance Work Other than Audit and Review), issued by the
Federal Accounting Council - CFC, applicable to historical non-financial information.
These standards require compliance with ethical requirements, including independence
ones, and the engagement is also conducted to provide limited assurance that the information
disclosed in the M. Dias Branco's Integrated Report 2021, taken as a whole, is free from
material misstatement
KPMG Auditores Independentes ("KPMG) applies Brazilian and international standards on
quality control, and consequently maintains a comprehensive quality control system including
documented policies and procedures related to compliance with ethical and professional
standards, in addition to legal and applicable regulations. We comply with the comprehensive
code of ethics including detailed independence requirements, established based on the
ethical principles of integrity, objectivity, competence and professional care, confidentiality
and professional behavior.
A limited assurance engagement conducted in accordance with the NBC TO 3000 [ISAE
3000) consists mainly of questions and interviews with the Management of M. Dias Branco
and other professionals of the Company involved in the preparation of the information
disclosed in the Integrated Report 2021 and use of analytical procedures to obtain evidence
that enables us to reach a limited assurance conclusion about the sustainability information
taken as a whole. A limited assurance engagement also requires additional procedures when
the independent auditor acknowledges issues which may lead them to believe that the
information disclosed in the Integrated Report 2021taken as a
as a whole could present material
misstatement
The selected procedures were based on our understanding of the issues related to the
compilation, materiality and presentation of the information disclosed in the Integrated Report
2021, on other engagement circumstances and also on our considerations regarding areas
and processes associated with material sustainability information disclosed where relevant
misstatement could exist. The procedures consisted of:
(a) engagement planning: considering the material aspects for M. Dias Branco's activities
the relevance of the information disclosed, the amount of quantitative and qualitative
information and the operational systems and internal controls that served as a basis
for preparation of the information in the M. Dias Branco's Integrated Report 2021. This
analysis defined the indicators to be checked in details,
{b}
understanding and analysis of disclosed information related to material aspects
management
(c) analysis of preparation processes of the integrated Report 2021 and its structure and
content, based on the Principles of Content and Quality of the Standards for
Sustainability Report of Global Reporting Initiative -GRI (GRI-Standards).
(d) evaluation of non financial indicators selected:
⚫ understanding of the calculation methodolody and procedures for the compilation
of indicators through interviews with management responsible for data preparation,
⚫ application of analytical procedures regarding data and interviews for qualitative
information and their correlation with indicators disclosed in the Integrated Report
2021;
■ analysis of evidence supporting the disclosed information
(e) analisys of whether the performance indicators omission and justification are
reasonable to be accepted associated to aspects and topics defined as material in the
materiality analisys of the Company,
We believe that the information, evidence and results we have obtained are sufficient and
appropriate to provide a basis for our limited assurance conclusion.
Scope and limitations
The procedures applied to a limited assurance engagement are substantially less extensive
than those applied to a reasonable assurance engagement. Therefore, we cannot provide
reasonable assurance that we are aware of all the issues that would have been identified in
a reasonable assurance engagement, which aims to issue an opinion. If we had conductedView entire presentation