More and more companies want to implement its sustainability strategy to generate economic value.
With the entry into force in January 2017 of Legislative Decree no. 254 of 30/12/2016 a legislative novelty that transposes the European Directive 2014/95/EU concerning the communication of non-financial information and information on the diversity from part of certain large enterprises and groups was introduced in the Italian legal framework.
The obligation relates to public-interest undertakings which, on average, had more than 500 employees during the financial year and on the balance sheet date exceeded at least one of the following two size limits: a) balance sheet total € 20,000,000; b) total net sales and services revenues: € 40,000,000.
The decree, with respect to the European Directive, provided for the possibility for companies not in the public interest or large, to be able to prepare a non-financial statement in accordance with the provisions.
|Relevant public interest entities (RPIE)||Mandatory according to the provisions of Legislative Decree 254/2016|
|Listed Companies||Mandatory if RPIE, otherwise voluntary|
|Non-listed companies and other limited liability companies||Voluntary|
|Banking and financial companies and securities firms||Mandatory if RPIE, otherwise voluntary|
|Insurance companies||Mandatory if RPIE, otherwise voluntary|
|Central and local public authorities||Voluntary|
|Third sector enterprises||Mandatory in the cases in which it is previewed from the decrees implementing of Law 106/2016 of reform of the third sector|
|Social Enterprises||Mandatory in the cases in which it is previewed from the decrees implementing of Law 106/2016 of reform of the third sector|
Reporting is considered a process by which an organization describes the economic, social, and environmental impacts of its activities in relation to its internal and external stakeholders. It is also a means of communicating its commitments to sustainable development.
Through a diverse team of skills, Studio STS can offer complete assistance in the reporting process through the preparation of the Sustainability Report.