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Notes coNcerNiNg the method

Costa Crociere S.p.A.’s Sustainability Report 2016 (hereinafter “the Report” or “the sUstAiNABiLitY coNteXt ANd The Report discloses all relevant
document”) is the eleventh edition of this document, which is designed to provide mAteriALitY indicators and topics, irrespective of
stakeholders with a complete and – as far as possible – comprehensive account of the The choice of topics dealt with, as well as whether the results are favorable or
economic, environmental and social impacts of the different activities performed by the scope and quality of the reporting, are unfavorable compared with previous
the Company. The set objective is to link these impacts to certain key aspects of the consistent with the material issues that reporting periods. Where meaningful
Sustainable Development Goals (SDGs) launched by the United Nations in 2016; the emerged from the analysis of materiality comparison is not possible, this is due to:
ultimate aim is to achieve the Sustainable Development Agenda by 2030, mobilizing carried out in 2014 and published in that 1) information not reported in previous
efforts on the part of enterprises, institutional stakeholders and civil society. year’s Sustainability Report. In 2016 there years and which would have been
The Report, which is drawn up in accordance with the G4 Sustainability Reporting were no internal or external factors such impractical to collect;
Guidelines prepared by the Global Reporting Initiative , with a compliance level “in as to alter the aforementioned findings. 2) use of different calculation methods
1
accordance-core”, takes into account the issues dealt with by Legislative Decree no. Costa Cruises’ sustainability framework from those adopted previously. For some
254/2016, which transposes into Italian law the European Directive on non-financial also includes a discussion of the topics and indicators, only qualitative information
reporting. issues identified by Carnival Corporation about results or outcomes is presented.
& plc. This led to the definition of
the sustainability strategy and the AccUrAcY ANd reLiABiLitY
report boundary and reporting sustainability plan. The Report is prepared in consultation
The Report includes all information with the functions concerned and the
process deemed relevant for stakeholders insofar Group’s top management and has been

1 The Global Reporting Initiative is an as it reflects the organization’s significant approved by Costa Crociere S.p.A.’s legal
independent standards organization economic, environmental or social representatives.
involving an international multi-stakeholder The Sustainability Report is drawn the Costa Crociere Group as a whole; this impacts. Material aspects and content The Sustainability Report has been
consultation process for the development
and dissemination of guidelines for up annually by Costa Crociere S.p.A.’s comprises the parent company (Costa selected for inclusion in the Report have externally audited by the independent
sustainability reporting. The resulting Sustainability Department, which is in Crociere S.p.A.) and the brands Costa been identified on the basis of analysis and auditors PricewaterhouseCoopers.
comprehensive Sustainability Reporting charge of central coordination of the Cruises and AIDA, and refers to the civil assessment carried out by the corporate
Framework is widely used around
the world. It includes the Reporting reporting process and the engagement of code balance sheet at November 30, 2016 functions directly involved in the decision- timeLiNess
Guidelines, setting out the Principles the relevant corporate functions. as approved by the Shareholders’ Meeting. making process. This edition of the Sustainability Report
and Indicators organizations can use
to measure and report their economic, All the information presented has been Where information pertains to any other is published in digital form and can
environmental and social performance. obtained from Costa’s in-house IT systems definition of the report boundary, specific cLAritY be downloaded from the Company’s
In this way, Sustainability Reports can and databases, and validated by the mention of this is made in the discussion The Sustainability Report is designed so website. It is also sent by email to key
be used to compare performance within
an organization and between different respective data owners. The sustainability of the particular performance indicator as to be readily understandable with the stakeholders.
organizations over time. topics dealt with in this Report concern concerned. different topics clearly set out. It is written For information contact the
operations and activities performed in For the sake of completeness and internally in plain, simple language mirroring Sustainability Department
2016 by Costa Cruises, which is referred to consistent presentation of information, the style used in Costa’s institutional sustainability@costa.it.
herein both as a brand and as a company. the organizational dimension includes communication generally. It is published
Conversely, the report boundary for data updated at the time of issue of the in English as well as Italian. Where
financial data and Added Value includes Report (June 2017). relevant, the Report provides links to
other documents or websites, including
references to non-Company sources.
discussion of reporting principles BALANce ANd comPArABiLitY

The overall presentation of the content
provides a systematic and unbiased
The main reporting principles, in context, are set out below. For details picture of the Company’s performance;
accordance with those laid down by of the proper coverage of the standard where relevant and meaningful, figures
the GRI and appropriately applied and disclosures and indicators, see the table are provided illustrating the trends for
adapted to Costa Cruises’ operating in the appendix. the 3-year period 2014-2016.