Non financial disclosure in the financial sector

Directive 2014/95/EU plays a fundamental role in the EU context, as it witnesses the consolidation of Corporate Social Responsibility in corporate reporting processes. In Italy, the above-mentioned Directive was transposed through Legislative Decree No. 254 of 30 December 2016, which provided for the obligation for public interest entities with more than 500 employees to report, in their annual financial statements (or in a stand-alone document), information of a non-financial activities relating to the diversity policies adopted. Legislative Decree No. 254/2016 therefore places an explicit constraint on corporate disclosure in relation to issues such as the use of natural resources, polluting emissions, corruption, equal gender opportunities and human rights; such reported information must be measured through quantitative and qualitative indicators. The empirical research concerned the Sustainability Reports in the three-year period 2019-2021 of the listed companies in the insurance sector included in the Euro Stoxx Large Europe ESG index, therefore companies that more than others have distinguished themselves on the side of sustainability commitments, responding to innovative market drives. The aim of the research was finding elements in order to collect the existance of common approches and omogeneous reporting for the sector analysed.