Environment, Social and Governance (ESG) issues.

During an event hosted by Bocconi University and the Corriere della Sera, Professor Ariela Caglio emphasized the vital importance of integrating nature into financial statements. Engaging discussions on real-life scenarios showcased exemplary approaches by various organizations towards accounting for nature, heralding the emergence of innovative best practices.

Push or pull? On how the digital revolution may revolutionize sustainability reporting. From a model where companies disclose information (push) to one where rough data is transformed into information to assess whether organizations 'walk the talk' of sustainability (pull).

Companies are increasingly keen on disclosing information about the responsible use of resources they make and in general about the sustainability of their operations. This is by no means just a marketing stunt, as stakeholders often take decisions based on this kind of information. For this reason, even non-financial data must be credible and transparent.

Ariela Caglio, Associate Professor of Management Accounting at Bocconi, tells us how accounting is so much more than bookkeeping.

In this award-winning paper, Prof. Quattrone proposes to make Nature a stakeholder in Financial Statements. In his view, this is one of the few ways in which corporations can be forced to disclose how the production and distribution of the wealth that they produce affects Nature.

These are the words of Paolo Quattrone, director of the Center for the Analysis of Investment Risk of the Alliance Manchester Business School from the stage of the Green&Blue Festival.