In December 2015 Italy became the first country outside the USA to allow companies to register as Benefit Corporations. Paragraphs from 376 to 382 of Law no 208 introduce Benefit Corporations or B-Corps in the Italian legal system. Due to their peculiar nature and social common benefit scope, B-Corps are subject to responsibility and transparency duties such as the annually reporting in detail on their activities and future goals. These social common benefit reports allow to monitor the pursuit of the B-Corps’ social ratio and have to be both attached to their annual financial report and published on their website.
Industry sectors covered by the instrument
Organizations covered by the instrument
Type of instrument
Mandatory or voluntary
The geographical scope