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Methodological note

The SEA Group (hereinafter also the “Group”) has been publishing an annual Sustainability Report according to the GRI Guidelines since 2010.

Starting this year, the 2017 CSR Report (hereinafter the “Sustainability Report”) represents the Group's first Consolidated Non-Financial Statement (“NFS”), concerning the Group's performance during the year ended December 31, 2017, in accordance with Legislative Decree 254/2016. Pursuant to Art. 5 of this Decree, it takes the form of a separate report that includes specific language indicating that it constitutes an NFS as per the regulatory requirements.

In contrast with previous years, the 2017 Sustainability Report was drafted according to the GRI Sustainability Reporting Standards (2016) and the Airport Operators Sector Disclosures (2014), both published by the Global Reporting Initiative (GRI), according to the core option.  The GRI Content Index has been included at the end of the document, with the aim of providing a full account of the coverage of the GRI indicators associated with each topic identified as material.

The document has been prepared as necessary to ensure an understanding of business activity, its performance, results and impact on the topics deemed material set out in Art. 3 of Legislative Decree 254/2016.

The non-financial disclosures contained in the NFS reflect the principle of materiality or relevance, a key characteristic of the GRI Standards that is also defined in the reference legislation: the materiality analysis process is described in the section “Prioritizing our commitments: the materiality matrix”.

This document thus contains a description of the major policies applied by the undertaking, the management models and results achieved by the Group in 2017 relating to the topics expressly cited in Legislative Decree 254/2016 (environmental, social, personnel-related, respect for human rights and the fight against corruption), as well as the main risks identified relating to the above topics and management methods.

It should be noted that the human rights topic was not found to be highly material in the materiality analysis process. It should also be emphasized that SEA has established procedural and organizational safeguards for managing and monitoring matters relating to applicable legislation. Furthermore, the Group is assessing whether to integrate aspects relating to this topic in its supplier qualification process. As part of such efforts, the Group undertakes to include in its supplier register specific information and assessments regarding management methods, on aspects such as equality of remuneration, non-discrimination, freedom of association and collective bargaining and child labor.

It also bears noting that the Company regards the topic of airport safety and security as a prerequisite for all of the Group's activities. The topic in question has not been included in the Materiality Matrix because it has been excluded from the process of evaluation and dialogue regarding the importance of the various issues undertaken by the management and stakeholders.

The development and implementation of this activity may reasonably require a period of approximately 12 to 18 months.

The Boundary of qualitative information and quantitative data regarding social and environmental topics includes companies consolidated line-by-line in the Group's Consolidated Financial Statements. Any minor limitations of the above Boundary are appropriately disclosed within the document.

The financial reporting Boundary is the same as for the Group's1 2017 Consolidated Financial Statements.

On February 22, 2017, the Board of Directors of SEA SpA resolved to authorize the dissolution and liquidation of the Malpensa Construction Consortium.

In order to permit an assessment of performance over time, a comparison with the figures from the years 2016 and 2015 has been included. In addition, in the interest of providing an accurate account of performance and ensuring the reliability of the data, the use of estimates has been kept to a minimum and appropriately disclosed where applicable.

This document was submitted for review and assessment by the Control and Risks Committee on March 22, 2018 and then approved by the Board of Directors on March 29, 2018.

This document is also subject to limited examination ("limited assurance engagement" according to the criteria indicated by the ISAE 3000 Revised standard) by Deloitte & Touche S.p.A. which, at the end of the work performed, issued a specific report on the compliance of information provided in the non-financial consolidated report drawn up by the SEA Group as per Legislative Decree No. 254/2016.

The document also uses the following terms:

  • SEA for SEA SpA;
  • SEA Energia for SEA Energia SpA;
  • SEA Prime for SEA Prime SpA.

The Group's Corporate Social Responsibility Function may be contacted for information regarding the Sustainability Report: Sebastiano Renna – Corporate Social Responsibility Manager e-mail:

This document is also available from the SEA Group's website,, in the section “Sustainability”.


1 For the list of Group companies consolidated line-by-line, reference should be made to Section 3 - Consolidation Scope and methods - of the Explanatory Notes to the SEA Group Consolidated Financial Statements.