Law no 208 (B-Corps), 2015

Italy Current 2015

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.

Scope

General sustainability/ESG/non-financial

Industry sectors covered by the instrument

All/none specified

Organizations covered by the instrument

Benefit-corporations

Issuer type

Finance/Treasury

Type of instrument

Legislation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

Project Partners