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SUSTAINABILITY CONTEXT AND

MATERIALITY

The choice of topics dealt with, as well as

the scope and quality of the reporting, are

consistent with the findings of thematerial

matrix, shown on page 32; the analysis

of materiality was conducted ahead of

the issue of the previous edition of the

Sustainability Report with the substantial

involvement of the management and the

Company’s main stakeholders. In 2015

there were no internal or external factors

such as to alter the aforementioned

findings. Costa Cruises’ sustainability

framework also includes a discussion

of the topics and issues identified by

Carnival Corporation & plc. This led to the

definition of the sustainability strategy

and the sustainability plan. The report

boundary is set to cover Costa Cruises

while, as indicated above, in the section

dealing with the economic performance it

is expanded to include the Costa Crociere

Group as a whole; where information

pertains to any other definition of the

report boundary, specific mention of this

is made in the discussion of the particular

performance indicator concerned. The

report boundary is extended to cover

the whole Costa Crociere Group solely

in the case of the financial data and the

Allocation of Added Value. The Report

includes all information deemed relevant

for stakeholders insofar as it reflects

the organization’s significant economic,

environmental or social impacts. Material

aspects and content selected for inclusion

in the Report have been identified on the

basis of analysis and assessment carried

out by the corporate functions directly

involved in the decision-making process.

CLARITY

The Sustainability Report is designed so

as to be readily understandable with the

different topics clearly set out. It is written

in plain, simple language mirroring

the style used in Costa’s institutional

communication generally. It is published

in English as well as Italian. Where

relevant, the Report provides links to

other documents or websites, including

references to non-Company sources.

BALANCE AND COMPARABILITY

The overall presentation of the content

provides a systematic and unbiased

picture of the Company’s performance;

where relevant and meaningful, figures

are provided illustrating the trends for

the 3-year period 2013-2015. The Report

discloses all relevant indicators and topics,

irrespective of whether the results are

favorable or unfavorable compared with

previous reporting periods.

Where meaningful comparison is not

possible, this is due to:

1) information not reported in previous

years and which would have been

impractical to collect;

2) use of different calculation methods

from those adopted previously. For some

indicators, only qualitative information

about results or outcomes is presented.

ACCURACY AND RELIABILITY

The Report is prepared in consultation

with the functions concerned and the

Group’s top management and has been

approved by Costa Crociere S.p.A.’s legal

representatives.

The Sustainability Report has been

externally audited by the independent

auditors PricewaterhouseCoopers.

TIMELINESS

This edition of the Sustainability Report

is published in digital form and can be

downloaded from the Company’s website.

It is also sent by email to key stakeholders.

For information contact the Sustainability

Department -

sustainability@costa.it

.