ESG / CAPITAL MARKETS | Assonime on the obligation for jointly controlled companies to publish a Sustainability Report

On 12 December 2024, Assonime issued its Case No. 8/2024 on the exemptions from the obligation imposed by Legislative Decree No. 125/2024 of 6 September for large companies, listed SMEs and parent companies of large groups 2024 to publish a Sustainability Report.  In particular, the case clarifies that companies that are jointly controlled by two parent companies, both of which are obliged to publish a Sustainability Report, are not allowed to take advantage of the exemption and must, therefore, publish their own Sustainability Report. This exclusion is based on the principle that the exemption is only applicable if the controlled company’s information is fully included in the Sustainability Report of a single-parent company.

Newsletter n. 103 – January 2025