Financial Reporting and Climate Information: The Italian Case

The increasing attention on ESG dynamics by stakeholders is spurring an intense debate about the future of corporate reporting. Despite the widespread adoption of more sophisticated accountability tools among European companies, practitioners and policymakers alike acknowledge the need to advance the integration of ESG indicators into financial reporting. In response, international standard setters such as the EFRAG and the IFRS Foundation are actively working on the development of new methodologies to better harmonize financial and sustainability metrics. In particular, numerous initiatives have been introduced to enhance climate-related disclosures, which have become a central issue on international agendas. Building on this context, the chapter aims to contribute to the ongoing debate on reporting connectivity by providing novel insights into the current state of voluntary climate disclosure in Italy.