Le linee guida di Borsa Italiana al reporting ESG volontario Sara Lovisolo, Group Sustainability Manager

LSEG ESG reporting guidance

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www.lseg.com/esg

Perché una guida?

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Going beyond the ‘voluntary-mandatory’ debate.

Driving alignment with existing international standards.

Materiality.

Balance for smaller issuers.

Across asset classes.

Information that investors need.

Harmonization than enables consistency and comparability.

One size does not fit all.

Disclosure does not have to be expensive.

Not just listed equities.

8 priorità per il reporting ESG

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Strategic relevance 1

Investor materiality 2

Investment grade data 3

Global frameworks 4

Reporting formats 5

Regulations and investors communication

6

Green revenue reporting 7

Debt finance 8

Misurare l’impatto

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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)

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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 [165 Companies]

France [168 companies]

Japan [1,361 companies]

Italy [127 companies]

Canada [298 companies]

USA [5,057 companies]

UK [736 companies]

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

Green revenues

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