Sustainability Report and Manifesto

What is the Sustainability Report?

The Sustainability Report, or Social and Environmental Report, is a reporting tool that a company prepares annually, through which it is possible to communicate to all stakeholders, transparently and objectively, the economic, social, and environmental impacts of the business activity.

The preparation of the Sustainability Report is also an opportunity for the company to design or update its Sustainability Strategy.

Why prepare the Sustainability Report?

Continuous monitoring: The Sustainability Report is a useful tool to monitor the company's sustainability performance constantly, allowing for efficient management of environmental, social, and governance risks.

Facilitated access to financing: initiatives aimed at improving the company's perception are increasingly important for accessing new forms of financing.

Elimination of operational inefficiency costs: The Sustainability Report allows companies to implement continuous monitoring and improvement of sustainability performance.

Efficient risk management: the preparation of the report is functional to the activity of risk management, during which the organization takes into consideration the social, environmental, and governance risks that have a direct impact on the various dimensions of business activity.

Compliance and proactivity with regard to European regulations: to date, the obligated entities to provide sustainability reporting are large listed companies; however, with the Corporate Sustainability Reporting Directive (CSRD), sustainability reporting obligations will be extended to a larger number of companies.

Is it mandatory to prepare the Sustainability Report?

To date, under Legislative Decree 254/2016, companies that must prepare the report are public interest entities (Italian companies issuing securities admitted to trading on Italian and EU regulated markets, banks, insurance and reinsurance companies) that, in the reference year, have had on average more than 500 employees and have also exceeded at least one of the following criteria:

€ 40 million in assets;
€ 20 million in net turnover.

The Sustainability Report is also mandatory for Third Sector Entities with revenues, incomes, proceeds, or other incomes of more than € 1 million; Volunteer Service Centers; Social Enterprises and groups of Social Enterprises.

On November 10, 2022, the European Parliament definitively adopted the directive on sustainability reporting by companies (CSRD, Corporate Sustainability Reporting Directive). Companies that exceed at least two of the following criteria will be obliged to report:

€ 40 million in assets;
€ 20 million in net turnover;
250 employees, on average during the reference year.

Here's how we support your company:

The most authoritative reporting standard for the preparation of the Sustainability Report is the one developed by the Global Reporting Initiative (GRI).

The GRI standards provide companies with a common, clear, and transparent language for stakeholders and have been developed to help an organization draft a report focused on material issues.

Through the use of GRI standards, we structure your company's Sustainability Report in 6 steps:

Stakeholder mapping: we identify the most relevant stakeholders for the organization, determining which ones to involve in the evaluation of the material aspects to be reported.

Internal and external materiality analysis: we identify the most relevant sustainability topics for the company and its stakeholders. The output of the analysis corresponds to the materiality matrix, which allows us to identify the most significant sustainability aspects in terms of reporting and strategic orientation.

Definition of indicators and KPIs: we develop procedures for calculating indicators and KPIs in such a way as to make the measurement of sustainability performance as objective, comparable, verifiable, and scientific as possible.

Graphic design: the processed data is presented in the final document through the use of graphics that are consistent with the company's brand identity and tone of voice.

Data processing: we analyze the collected data to identify critical areas for intervention and define a strategy for improving performance. At the end of the analysis, we proceed with the drafting of a single, comprehensive, clear, and easily accessible document for the public.

Collection of internal data within the company: we collect data on economic, environmental, and social performance; this involves all functions and areas of the company.