Integrated Report System in Italian Law

Abstract

The recent (2016) implementation in the Italian judicial system of the European Directive (2014/95/EU) about the disclosure of non-financial and diversity information by large companies and groups is crucial for understanding the need to manage in a fair approach the transition to a global and sustainable economy oriented to social and environmental principles. The Directive calls for a more concrete proof of social, environmental and ethical concerns that can be guaranteed by integrated tools. Integrated reporting generates impacts at governance level and new set of transparent and intelligible information shared with stakeholders favor their engagement and allow understanding of the social role that the company was always asked to play but not always has properly communicated. Implementing integrated reporting, a company might enhance its performances, increase market rating, build more effective bank-firm relationships, and generate growing value, both in perception and financial.