INTEGRATED REPORTING AND NON-FINANCIAL INFORMATION FOR BROADER VALUE CREATION: RESEARCHERS OF SANT’ANNA SCHOOL INSTITUTE OF MANAGEMENT PARTICIPATED IN THE THIRD CONFERENCE ON THE “ITALIAN NETWORK FOR BUSINESS REPORTING”

The conference titled “Reporting integrato e non-financial information tra governance e creazione di valore” was organized by the “Network Italiano del Business Reporting” (NIBR), in Milan, Università Cattolica, on February 23. Professor Lino Cinquini of Sant’Anna School Institute of Management gave his talk on “Linee guida (Guidelines) e best practices per l’informativa sul business model nell’integrated reporting”.

The guidelines written by an international team led by researcher Andrea Tenucci (Sant’Anna School Institute of Management), recommend the adoption of integrated reporting for more sustainable investment, improved management information, better stakeholder relationships and increased employee engagement.

Under Directive 2014/95/EU, large companies have to publish reports on the policies they implement in relation to environmental protection, social responsibility, treatment of employees, anti-corruption, bribery and diversity on company boards (in terms of age, gender, educational and professional background). In June 2017, the International Integrated Reporting Council (IIRC) released the European Commission’s Guidelines on Non-Financial Reporting. The EU rules on non-financial reporting only apply to large public-interest companies with more than 500 employees (approximately 6,000 companies across the EU, including banks and insurance companies).

The guidelines reflect the key principles of integrated reporting and recognize the importance of linkages and inter-relations of information. The non-financial statement, as a means of communicating with stakeholders in a clear and understandable way, is expected to be concise, avoid immaterial information and provide insights into companies’ business model and strategy.

Cover photo: Professor Lino Cinquini