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“ALL TEAMS hAVE ThEiR CROwDS.<br />

CORiNThiANS iS A CROwD ThAT hAS A TEAM.”<br />

JOSé ROBERTO DE AqUiNO journalist<br />

kick-off<br />

Sport <strong>club</strong> coriNthiaNS pauliSta, for the<br />

fourth consecutive year, publishes its sustainability report,<br />

an essential initiative for transparency and accountability<br />

of the current management. Corinthians was the first Club<br />

in the world to publish this kind of report, based on the<br />

guidelines of the Global Reporting Initiative (GRI), a multistakeholder<br />

organization that provides global standards for<br />

reporting information that is not exclusively financial.<br />

Although this report was originally intended for<br />

investors, financial institutions, business partners,<br />

trade associations, and other <strong>club</strong>s, we have<br />

noticed a growing interest of other audiences in the<br />

publication, which can be explained by the passion<br />

for football and everything that refers to Corinthians.<br />

PERiOD This report covers the period between<br />

January 1st to December 31st, 2011. Published on<br />

an annual basis, three reports have already been<br />

released for 2008, 2009, and 2010.<br />

SCOPE The information reported covers<br />

all Club activities, especially in the Football<br />

Department, which includes the Training Centers<br />

(CCT) of Parque Ecológico and Itaquera, districts<br />

in the East side of São Paulo.<br />

BOUNDARiES This report does not contain, in<br />

relation to the previous report, any boundaries,<br />

changes or restatements that might affect its<br />

understanding or comparability of the information.<br />

Gri indicators: 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 3.10 3.11<br />

MATERiALiTY The process to define<br />

the content of the report and the prioritization<br />

of the topics covered was conducted by<br />

Corinthians’s Presidency and Finance Department.<br />

This process was supported by the other<br />

departments and by a consulting company<br />

specializing in communication and sustainability.<br />

EXTERNAL ASSURANCE This report<br />

was verified by PricewaterhouseCoopers,<br />

an independent third party, and the<br />

economic-financial statements were<br />

audited by Grant Thornton.<br />

CONTACT For additional information<br />

on this report, please contact Raul Corrêa<br />

da Silva, Chief Financial Officer for Corinthians, by<br />

e-mail at rcorrea@sc<strong>corinthians</strong>.com.br.<br />

APPLiCATiON LEVEL In early 2011, GRI<br />

announced some changes to its Application<br />

Level system, with the publication of the related<br />

icons (A, B and C) no longer being authorized.<br />

Therefore, this and the 2010 edition of the report<br />

do not contain the C-level application icon,<br />

published in the 2008 and 2009 editions.<br />

The 2011 Corinthians Sustainability Report<br />

meets the requirements for GRI Application<br />

Level C, according to the parameters presented<br />

in the Table of Contents (see page 74).<br />

sustainability<br />

report 2011 5

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