00:00We are in a moment of very strong regulatory evolution, we could say a tsunami of regulations
00:10for companies, a moment in which the results of a regulation on the classification of environmental activities
00:19are somehow maturing on the one hand, and on the other hand a regulation that will bring
00:24homogeneity and greater transparency in what is the accounting at the level of European companies.
00:31The companies impacted by the European Directive that imposes an accounting of sustainability
00:37at the moment are about 11,000, they will become more than 50,000 with the next Directive,
00:44which will have to be accepted by the Member States within this summer, and it is a leap
00:49not only from the point of view of the quantity of information and accounts, but also a cultural leap,
00:56because we have an approach requested by the company, which is a more strategy-defining approach,
01:02of policies, of a clear definition of governance, of a clear definition of control,
01:07and therefore a level of complexity and also of approach to financial issues,
01:12to the ways of dealing with financial issues is very, very important.
01:15This, clearly, at the level of our country, is reflected in an impact on many companies,
01:22on about 4,000 companies, so the challenge we have compared to these European regulations in Italy
01:28is a rather important challenge, which concerns first of all the large-scale companies that already accounted,
01:33but above all the almost 4,000 companies that will have to account from scratch,
01:39let's say, according to this new standard, from next year.
01:43It is a challenge that can be taken as an opportunity,
01:47because there is certainly a strong demand for transparency from the market, from investors,
01:52for access to green capital, there is a strong demand for transparency from the large companies
01:58along their supply chain, and therefore the fact that companies are, in quotation marks,
02:03forced in the coming years to make this effort to account will also facilitate the passage of information,
02:09will facilitate access to capital, and will also facilitate the assessment of opportunities
02:14related to sustainability that are inherent in the business model but that have not yet been taken into account.
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