La guida di Borsa Italiana

al reporting ESGSara Lovisolo, Group Sustainability Manager

Revealing the full picture

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www.lseg.com/esg

Perché una guida?

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Superare il dibattito su approccio

volontario/obbligatorio.

Allineamento a standard

globali.

Materialità.

Proporzionalità per le small

cap.

Copertura di diversi strumenti.

Informazioni basate sulla

domanda degli investitori.

Un’armonizzazione che consente

comparabilità e coerenza.

Non un modello unico.

Il reporting non deve essere

un lusso.

Non solo emittenti di azioni.

ESG disclosure rate by country

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Country ESG

disclosure

ranking

Average ESG

disclosure

Environment Social Governance CK Capital

ranking

Italy 5th 59% 62% 62% 33% 19th

France 8th 56% 65% 66% 16% 2nd

Germany 11th 47% 54% 46% 25% 9th

UK 16th 43% 52% 36% 32% 8th

Canada 28th 33% 42% 33% 9% 21st (Toronto)

Japan 31st 33% 47% 26% 3% 28th (Tokyo)

US 37th 23% 33% 16% 11% 25th (Nasdaq)

Source: FTSE Russell

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56,36% 59,52%63,19%

71,65%

80,54% 83,27% 83,56%

34,55%33,93%

31,30% 17,32%

15,10%13,25% 11,96%

9,09% 6,55% 5,51%11,02%

4,36% 3,48% 4,48%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Germany [165Companies]

France [168companies]

Japan [1,361companies]

Italy [127companies]

Canada [298companies]

USA [5,057companies]

UK [736companies]

No green revenue Green revenue not broken down Green revenue fully disclosed

Green revenue disclosureS

ourc

e: F

TS

E R

ussell

8 priorità per il reporting ESG

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Strategic relevance1

Investor materiality2

Investment grade data3

Global frameworks4

Reporting formats5

Regulations and

investors

communication

6

Green revenue

reporting7

Debt finance8

Investment grade data

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Accuracy

Boundaries

Comparability &

consistency

Data provision

Timeliness

External

assurance

Balance

Deploy rigorous data collection systems

Align to the fiscal year and business ownership

model

Use consistent global standards to facilitate

comparability

Provide raw as well as normalised data

Provide data to coincide with the annual reporting

cycle

Consider strengthening the credibility of data by

having it assured

Provide an objective view, including both favourable

and unfavourable information

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