Page 146 - SUSTAINABILITY REPORT 2016

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INDEPENDENT AUDITORS’ REPORT ON THE SUSTAINABILITY REPORT AS OF 30
NOVEMBER 2016
To the Board of Directors of
Costa Crociere SpA
We have carried out a limited assurance engagement of the Sustainability Report for the year ended 30
November 2016 (hereinafter the “Report”) of Costa Crociere SpA (hereinafter “Costa Crociere” or the
“Company”).
Responsibility of the Directors for the 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 as indicated in the
paragraph “Note on methods” of the Report. The Directors are responsible 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 engagement in accordance with the International Standard on Assurance
Engagements 3000 (Revised) – Assurance Engagements other than Audits or Reviews of Historical
Financial Information (“ISAE 3000”), issued by the IASSB (“International Auditing and Assurance
Standards Board”) for limited assurance engagements. The standard requires that we comply with
applicable ethical requirements, including professional independence, since services or activities that
could have generated an independence conflict have not been performed for the Company, and that we
plan and perform our work to obtain limited assurance that the Report is free from material
misstatement.
Our company applies the International Standard on Quality Control 1 (ISQC (Italy) 1) and, therefore,
maintains an overall quality control system that includes directives and procedures on the compliance
with the ethical principles, with the professional principles and with the applicable laws and
regulations.
The procedures we performed 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.
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 Piazza dei Martiri 58 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/it
The procedures 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.
The procedures performed are summarised as follows:
 comparing the financial information reported in the Report with the information included in
the Company financial statements as of 30 November 2016 on which we issued our audit
opinion, in accordance with articles 14 and 16 of legislative decree n. 39 of 27 January 2010, on
10 May 2017;
 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 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 Mediterranea, 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 towards 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 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 SpA, on
the compliance of the Report with the guidelines identified in the paragraph “Responsibility of
the Directors for the Report”, as well as the reliability and completeness of the disclosed
information.
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