The Legislative Decree of September 6, 2024, n. 125, implements EU Directive 2022/2464 and will come into effect on September 25, 2024. It regulates corporate sustainability reporting, primarily applying to large companies, listed SMEs, insurance companies, and banks, while excluding micro-enterprises. Companies are required to provide detailed information on the impact of their activities on sustainability issues (environmental, social, and governance), with particular attention to climate objectives, including climate neutrality by 2050. Business plans for transitioning towards a sustainable economy, transparency in the supply chain, and compliance audits by accredited auditors are also required.
Companies must present information according to European standards and include the role of governance bodies in overseeing sustainability. They are expected to apply due diligence procedures to manage negative impacts and disclose any sustainability-related incentives. Listed SMEs may benefit from exemptions until 2028. Sustainability reports must be published on company websites.
Article 3 regulates individual reporting for large companies and listed SMEs, including details on business models, strategies, investment plans, and stakeholder engagement.
Source: Gazzetta Ufficiale
