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comparing the financial information reported in chapter “Transparency and creation of economic
value” of the Report with the information included in Costa Crociere’s financial statements as of 30
November 2015 on which we issued our audit opinion, in accordance with article 14 of legislative
decree n° 39 of 27 January 2010, on 14 March 2016;
analysing, through inquiries, the governance system and the process for managing the
sustainability issues relating to Company’s strategy and operations;
analysing the process aimed at defining the significant reporting areas to be disclosed in the
Report, with regard to the methods for their identification, in terms of priority for the various
stakeholders, as well as the internal validation of the process findings;
analysing the processes underlying the generation, recording and management of quantitative data
included in the Report. In detail, we carried out:
-
meetings and interviews with management of Costa Crociere to achieve a general
understanding of the information, accounting and reporting systems in use to prepare the
Report, as well as of the internal control processes and procedures supporting the collection,
aggregation, processing and submission of the information to the function responsible for the
Report preparation;
-
a sample-based analysis of the documents supporting the preparation of the Report, in order
to obtain evidence of the reliability of processes in place and of the internal control system
underlying the treatment of the information relating to the objectives disclosed in the Report;
-
verification onboard the ship Costa Neoclassica, in order to obtain evidence of the reliability of
shipboard processes in place, and of the internal control system underlying the treatment of
the information, as well as, on a sample basis, to cross-check data relating to the said
shipboard processes against supporting documents;
analysing the internal consistency of the qualitative information described in the Report and its
compliance with the guidelines identified in the preceding paragraph “Responsibility of the
Directors for the Sustainability Report”;
analysing the engagement of stakeholders and its results through the existing documentation
concerning the significant matters arisen during Company’s dialogue initiatives;
obtaining a representation letter, signed by the legal representative of Costa Crociere, on the
compliance of the Report with the guidelines identified in the paragraph “Responsibility of the
Directors for the Sustainability Report”, as well as the reliability and completeness of the disclosed
information.
Our limited assurance work was less in scope than a reasonable assurance engagement performed in
accordance with ISAE 3000 (“
reasonable assurance engagement
”) and, consequently, it does not
provide us with a sufficient level of assurance necessary to became aware of all significant facts and
circumstances that might be identified in a reasonable assurance engagement.
PricewaterhouseCoopers Advisory SpA
Sede legale: Milano 20149 Via Monte Rosa 91 Tel. 02667201 Fax 0266720501 Cap. Soc. Euro 3.700.000,00 i.v. - C.F. e P.IVA e Iscrizione al Reg.
Imp.Milano n° 03230150967 – Altri Uffici:
Bari
70122 Via Abate Gimma 72 Tel. 0805640311 Fax 0805640349 -
Bologna
40126 Via Angelo
Finelli 8 Tel. 0516186211 -
Firenze
50121 Viale Gramsci 15 Tel. 0552482811 Fax 0552482899 -
Genova
16121 Piazza Piccapietra 9 Tel.
01029041 -
Napoli
80121 Via dei Mille 16 Tel. 08136181 -
Padova
35138 Via Vicenza 4 Tel. 049873431 Fax 0498734399 -
Palermo
90141 Via
Marchese Ugo 60 Tel. 0916256313 Fax 0917829221 -
Roma
00154 Largo Fochetti 28 Tel. 06570831 Fax 06570832536 -
Torino
10122 Corso
Palestro 10 Tel. 0115773211 Fax 0115773299-
Treviso
31100 Viale Felissent 90 Tel. 0422315711 Fax 0422315798 –
Trieste
34125 Via Cesare
Battisti 18 Tel. 0403480781 Fax 040364737 –
Verona
37135 Via Francia 21/C Tel. 0458263001
Società soggetta all’attività di direzione e coordinamento della PricewaterhouseCoopers Italia Srl
www.pwc.com/itINDEPENDENT REPORT ON THE LIMITED ASSURANCE ENGAGEMENT OF THE 2015
SUSTAINABILITY REPORT
To the Board of Directors of
Costa Crociere SpA
We have carried out a limited assurance engagement on the Sustainability Report (hereinafter also the
“Report”) of Costa Crociere SpA (hereinafter also “Costa Crociere” or the “Company”) for the year
ended 30 November 2015.
Responsibility of the Directors for the sustainability Report
The Directors are responsible for preparing the Report in compliance with the
G4 Sustainability
Reporting Guidelines
defined in 2013 by the
GRI - Global Reporting Initiative
(the “
G4 Sustainability
Reporting Guidelines
”), as indicated in the paragraph “Note concerning the method” of the Report,
and for that part of internal control that they consider necessary to prepare a sustainability report that
is free from material misstatement, whether due to fraud or unintentional behaviours or events. The
Directors are also responsible for defining the sustainability performance targets of Costa Crociere, for
reporting the sustainability results, as well as for identifying the stakeholders and the significant
aspects to be reported.
Auditor’s responsibility
We are responsible for the preparation of this report on the basis of the work performed. We
conducted our e gag me t in accordance with “
Internati nal Stan ard on Assurance Engagements
3000 (revised) – Assurance Engagements other than Audits or Reviews of Historical Financial
Information” (“ISAE 3000”)
, issued by the International Auditing and Assurance Standards Board for
limited assurance engagements. The standard requires that we comply with applicable ethical
requirements, including professional independence, and that we plan and perform our work to obtain
limited assurance that the Report is free from material misstatement. The procedures consisted in
interviews, primarily of company personnel responsible for the preparation of the information
presented in the Report, analysis of documents, recalculations and other verification procedures.
The procedures we performed on the Report consisted in verifying its compliance with the principles
for defining the content and the quality of a sustainability report set out in the “
G4 Sustainability
Reporting Guidelines
”, and are summarised as follows:
Conclusion
Based on the work performed, nothing has come to our attention that causes us to believe that the
Sustainability Report of Costa Crociere SpA as of 30 November 2015 has not been prepared, in all
material respects, in compliance with the “
G4 Sustainability Reporting Guidelines
” defined in 2013 by
the GRI -
Global Re orting Initiative
as disclosed in the paragraph “Note concerning the method” of
the Report.
Turin, 5 July 2016
PricewaterhouseCoopers Advisory SpA
Signed by
Paolo Bersani
(Partner)
This report has been translated from the original, which was issued in Italian, solely for the
convenience of international readers.
Conclusion
Based on the work performed, nothing has come to our attention that causes us to believe that the
Sustainability Report of Costa Crociere SpA as of 30 November 2015 has not been prepared, in all
material respects, in compliance with the “
G4 Sustainability Reporting Guidelines
” defined in 2013 by
the GRI -
Global Reporting Initiative
as disclosed in the paragraph “Note concerning the method” of
the Report.
Turin, 5 July 2016
PricewaterhouseCoopers Adviso y SpA
Signed byPaolo Bersani
(Partner)
This report has been translated from the original, which was issued in Italian, solely for the
convenience of international readers.