The New ESG Parameters and the PNRR

ESG

In a Europe with a strong focus on the Green Deal, great opportunities lie ahead for organizations that can align with the new ESG parameters. The regulatory framework has now been consolidated. The new European regulatory system has recently introduced ESG as one of the drivers of economic development

THE MAIN REGULATORY REFERENCES ARE EU REGULATION 2020-852 ("TAXONOMY" REGULATION) AND EU REGULATION 2019-2088 ("SFDR" REGULATION - SUSTAINABILITY REPORTING IN THE FINANCIAL SERVICES SECTOR)

EU Regulation 2020-852 ("Taxonomy" Regulation) has been taken as the basis for the National Recovery and Resilience Plan, prepared by Italy under the Next Generation EU to enable economic development based on environmentally sustainable investments. In the new context, the private sector is called upon to finance much of the investment needed for the transition.

The challenge in the coming years for companies will be to know how to measure their environmental, social and Governance performance with appropriate indicators based on the new ESG metrics.

It will involve equipping themselves with an internal information framework capable of systematically collecting the non-financial data that is increasingly required by the market, investors and banks.

Corporate Social Responsibility (CSR), which has become a priority in the strategies of major global corporations, aims to voluntarily reconcile profit with attention to social and environmental issues by improving the company's image and reputation in an internal and an external dimension. The former to improve the perception of its employees and the latter concerning respect for human rights along the production chain and environmental issues to improve its reputation associated with positive actions. Companies in Italy are also particularly committed to integrating Corporate Social Responsibility into their internal processes.