Report 2021 on non-financial reporting of Italian listed companies

 

Report 2021 on non-financial reporting of Italian listed companies

Non-financial information as a driver of transformation

The goals of the Report
The Report analyses the evidence on the implementation of the Directive 2014/95/EU, transposed in Italy by the Legislative Decree no. 254/2016, also with the aim of highlighting the progressive cultural change triggered by the integration of sustainability into the corporate decision-making process. ... more
 
The three steps of ESG/multicapital integration into corporate governance and strategy
Compliance with obligations on non-financial reporting can trigger a cultural transformation of corporate decision-making process that can be traced back to three phases: Awareness, Capabilities, Engagement. In this Report, the first two phases are identified through the analysis of NFSs and other publicly available corporate documents, while the third stage is appraised through the examination of the abstracts of Strategic plans. ... more
 

 

Addendum Environmental information in NFSs over time
The report includes, for the first time, an addendum with the analysis of environmental information in NFSs published over the period 2018-2021, conducted by Matteo La Torre (researcher at the University ‘G. d'Annunzio' of Chieti-Pescara) and Paola Tamburro (data scientist). ... more
 

 

The Report was prepared by:
Nadia Linciano (coordinator) - CONSOB, Head of the Research Department (n.linciano@consob.it)
Angela Ciavarella - CONSOB, Corporate Governance Department (a.ciavarella@consob.it)
Giovanna Di Stefano - CONSOB, Research Department (g.distefano@consob.it)
Ilaria Fabbiani - CONSOB, Corporate Governance Department (i.fabbiani@consob.it)
Lucia Pierantoni - CONSOB, Research Department (l.pierantoni@consob.it)
Livia Piermattei - Senior Advisor Methodos; Board Advisor for a Sustainable Success; Nedcommunity (l.piermattei@methodos.com)

The opinions expressed in the Report are the authors' personal views and are in no way binding on Consob.

 

Full text [PDF format]

 

ISSN 2784-8809 [online]