Transposition of EU NFR Directive: Legislative Decree 30 December 2016, n. 254

Issuer name

Ministry of Economic Affairs (MEF)

More information

Non-compliance article 8: "The institution's administrators of public interest, obliged to under this Decree, who fail to file, in time limit, at the registry of the declaration individual or consolidated non-financial, applies a fine of between € 20,000 to €100,000." and if statement/ report "contains facts relevant materials untrue or omits material facts the where information and 'planned under Articles 3 and 4 of this decree, to directors and members of management control of the institution of public interest applies a sanction administrative fine of EUR 50,000 to EUR 150,000." In point 6 of this article, further detail is provided about the procedures that will incur with noncompliance (court, payments, etc.)

Comply or explain

True

Organizations covered by the instrument

Large private and listed companies

Target organization notes

1. Over 500 employees 2. Net turnover over EUR 40 million; or Balance sheet total over EUR 20 million 3. Public Interest Entities:

Industry scope

All/none specified

Disclosure venue

Management report

ESG coverage - E (Environment)

All

ESG coverage- S (Social)

Employment Conditions, Policies and Practices, Human Rights

ESG coverage- G (Governance)

Accountability, Anti-Corruption and Anti-Competitive Behaviour