Annual Integrated Report
90
Annual Integrated Report
Table of Contents
Introduction Value Creation | Economic Performance | Environmental Social Governance Appendices
[2-5]
A free translation of the original in Portuguese
Independent auditor's
limited assurance
report on the
non-financial
information included
in the Annual
Integrated Report
2022 of Banco
Santander (Brasil) S.A.
To the Board of Directors and Stockholders
Banco Santander (Brasil) S.A.
São Paulo - SP
Introduction
We have been engaged by Banco Santander (Brasil) S.A. ("Bank"
or "Santander") to present our limited assurance report on the
non-financial information included in the Annual Integrated
Report 2022 of Santander for the year ended December 31, 2022.
Our limited assurance does not cover prior-period information,
or any other information disclosed together with the Annual
Integrated Report, including any incorporated images, audio
files or videos.
Responsibilities of Santander's management
The management of Santander is responsible for:
•
⚫ selecting or establishing adequate criteria for the preparation
and presentation of the information included in the Annual
Integrated Report 2022;
preparing the information in accordance with the criteria and
guidelines of the Global Reporting Initiative (GRI - Standards),
with the basis of preparation developed by the Bank, and with
Guidance CPC 09 - Integrated Reporting issued by the Brazilian
Federal Accounting Council (CFC), equivalent to the Basic
Conceptual Framework for Integrated Reporting issued by the
International Integrated Reporting Council (IIRC);
.
designing, implementing and maintaining internal controls
over the significant information for the preparation of the
information included in the Annual Integrated Report 2022,
which is free from material misstatement, whether due to fraud
or error.
Independent auditor's responsibilities
Our responsibility is to express a conclusion on the non-
financial information included in the Annual Integrated Report
2022, based on our limited assurance engagement carried
out in accordance with the Technical Communication CTO
01, "Issuance of Assurance Reports related to Sustainability
and Social Responsibility", issued by the Federal Accounting
Council (CFC), based on the Brazilian standard NBC TO 3000,
"Assurance Engagements Other than Audit and Review", also
issued by the CFC, which is equivalent to the international
standard ISAE 3000, "Assurance engagements other than
audits or reviews of historical financial information", issued
by the International Auditing and Assurance Standards Board
(IAASB). Those standards require that the auditor complies with
ethical requirements, independence requirements, and other
responsibilities of these standards, including those regarding
the application of the Brazilian Quality Control Standard (NBC PA
01) and, therefore, the maintenance of a comprehensive quality
control system, including documented policies and procedures
on the compliance with ethical requirements, professional
standards and relevant legal and regulatory requirements.
Moreover, the aforementioned standards require that the
work be planned and performed to obtain limited assurance
that the non-financial information included in the Annual
Integrated Report 2022, taken as a whole, is free from material
misstatement.
A limited assurance engagement conducted in accordance with
the Brazilian standard NBC TO 3000 and ISAE 3000 mainly
consists of making inquiries of the management of Santander
and other professionals of the Bank involved in the preparation
of the information, as well as applying analytical procedures
to obtain evidence that allows us to issue a limited assurance
conclusion on the information, taken as a whole. A limited
assurance engagement also requires the performance of
additional procedures when the independent auditor becomes
aware of matters that lead him to believe that the information
disclosed in the Annual Integrated Report 2022 taken as a whole
might present significant misstatements.
The procedures selected are based on our understanding of the
aspects related to the compilation, materiality, and presentation
of the information included in the Annual Integrated Report
2022, other circumstances of the engagement and our analysis
of the activities and processes associated with the significant
information disclosed in the Annual Integrated Report 2022,
in which significant misstatements might exist. The following
procedures were adopted:
(a) planning the work, taking into consideration the materiality
and the volume of quantitative and qualitative information
and the operating and internal control systems that were used
to prepare the information included in the Annual Integrated
Report 2022;
(b) understanding the calculation methodology and the
procedures adopted for the compilation of indicators through
inquiries of the managers responsible for the preparation of the
information;
(c) applying analytical procedures to quantitative information
and making inquiries regarding the qualitative information
and its correlation with the indicators disclosed in the Annual
Integrated Report 2022; and
(d) when non-financial data relate to financial indicators,
comparing these indicators with the financial statements and/
or accounting records.
The limited assurance engagement also included the analysis
of the compliance with guidelines and criteria 1) of the Global
Reporting Initiative (GRI-Standards); 2) the provisions established
in the basis of preparation developed by the Bank; 3) the
principles for the Integrated Report, pursuant to Guidance CPC
09 - Integrated Reporting, equivalent to the Basic Conceptual
Framework for Integrated Reporting issued by the International
Integrated Reporting Council (IIRC) applicable to the preparation
of the information included in the Annual Integrated Report
2022.
We believe that the evidence we have obtained is sufficient
and appropriate to provide a basis for our limited assurance
conclusion.
Scope and limitations
The procedures applied in a limited assurance engagement vary
in nature and timing and are less detailed than those applied in
a reasonable assurance. Consequently, the level of assurance
obtained in a limited assurance engagement is substantially
lower than the level that would be obtained in a reasonable
assurance engagement. If we had performed a reasonable
assurance engagement, we might have identified other matters
and possible misstatements in the information included in the
Annual Integrated Report 2022. Therefore, we do not express an
opinion on this information.
Non-financial data are subject to more inherent limitations than
financial data, due to the nature and diversity of the methods
used to determine, calculate and estimate these data. Qualitative
interpretations of the relevance, materiality, and accuracy of
the data are subject to individual assumptions and judgments.
Furthermore, we did not consider in our engagement the data
reported for prior periods, nor future projections and goals.
The preparation and presentation of non-financial information
and indicators followed the definitions of the basis of
preparation developed by the Bank and the guidelines of the
Global Reporting Initiative (GRI-Standards) and, therefore, the
information included in the Annual Integrated Report 2022 does
not have the objective of providing assurance with regard to the
compliance with social, economic, environmental or engineering
laws and regulations. However, the aforementioned standards
establish the presentation and disclosure of possible cases
of non-compliance with such regulations when sanctions or
significant fines are applied. Our assurance report should be
read and understood in this context, inherent to the criteria
selected and previously mentioned in this paragraph.
Conclusion
Based on these procedures performed, described herein, and
on the evidence obtained, no matter has come to our attention
that causes us to believe that the non-financial information
included in the Annual Integrated Report for the year ended
December 31, 2022 of Banco Santander (Brasil) S.A. has not been
prepared, in all material respects, in accordance with the criteria
and guidelines of the Global Reporting Initiative (GRI) (GRI-
Standards), with the basis of preparation developed by the Bank,
and with the Guidance CPC 09 - Integrated Reporting.
São Paulo, June 2, 2023
PricewaterhouseCoopers
Auditores Independentes Ltda.
CRC 2SP000160/0-5
Eliane Kihara
Contadora CRC 1SP212496/0-5
Santander
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