Italy Towards Mandatory Sustainability Reporting. Voluntary Corporate Social Responsibility Disclosure of Italian companies and Legislative Decree 254/2016 statements. A Quantitative Analysis of the Last 10 Years

Riccardo Torelli, Balluchi Federica, Furlotti Katia

Risultato della ricerca: Contributo in libroChapter

Abstract

Corporate Social Responsibility Disclosure (CSRD) is crucial in providing transparent and reliable information. Company characteristics play a key role in CSRD, but legislation is important and positive in increasing the number of companies, which make complete, and transparent sustainability disclosure and stimulating CSR initiatives. In 2016, for the first time, Italian Legislative Decree 254/2016 requires ‘public interest entities’, to integrate statutory financial statements with disclosure of environmental, social and governance strategies from financial year 2017 onwards. This chapter investigates the role of company characteristics in influencing voluntary disclosure. The analysis focused on voluntary CSRD (2007–2016) implemented by Italian listed companies in the 10 year period, and shows that in a non-mandatory context the number of CSR reports published grew steadily. It reveals the voluntary behaviour of Italian companies, compliance with the requirements of the Decree with reference to the different dimensions of sustainability, and to the use of international standards and guidelines. Findings show also a marked increase of the number of companies, which, in 2017, produced a non-financial report after the entry into force of the new law. The strength of this work is that it investigates what happened in the decade preceding the introduction of the new law tracing the relationship between historical situation, business characteristics and the requirements of the legislative decree. These results and the immediate impact of the new regulation are interestingly linked to the relationship between law and sustainable development and will be directly and indirectly useful for scholars, managers and national and international regulators.
Lingua originaleEnglish
Titolo della pubblicazione ospiteSustainability and Law. General and Specific Aspects
EditorV. Mauerhofer, D. Rupo, L. Tarquinio
PagineN/A
Stato di pubblicazionePubblicato - 2020

Keywords

  • Corporate website
  • Directive 2014/95/EU
  • Industry
  • Legislative Decree No. 254/2016
  • Non-financial information
  • Reporting standards
  • Voluntary disclosure

Fingerprint Entra nei temi di ricerca di 'Italy Towards Mandatory Sustainability Reporting. Voluntary Corporate Social Responsibility Disclosure of Italian companies and Legislative Decree 254/2016 statements. A Quantitative Analysis of the Last 10 Years'. Insieme formano una fingerprint unica.

Cita questo