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By Gabriele Felici - Partner Bernoni Grant Thornton

Sustainability is nowadays an increasingly relevant driver for organisations that have integrated ESG factors in their trading practices, processes and in their business [...]

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By Alessandro Fusellato - President and CEO Grant Thornton Consultants

Over the last few years, corporate sustainability has become a pillar of corporate strategy, with the European Union at the forefront of ESG regulation. However, the recent Omnibus Package, proposed by [...]

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By Martina Cersosimo and Fabio Cerroni - Manager and Senior Associate Grant Thornton Consultants

The European Union is currently facing a complex challenge with regard to sustainability reporting, which is gaining in importance in a global context, where social and environmental responsibility is becoming a priority for companies [...]

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ESG: The future of business is sustainable

Europe changes step on ESG: the “Omnibus” packet and the “Stop the Clock” directive aim at simplifying and postpone some reporting obligations on sustainability. As a result, many businesses will have an additional two years before adjusting their non-financial reports to the European standards.

If on the one hand these simplifications allow businesses to catch a breath and plan more clearly, on the other hand, the risk is that of slowing down the drive toward an actual and measurable sustainability just in a moment in which investors, customers and talents ask businesses to take responsibility.

The true challenge will be not to lose momentum. Sustainability remains a strategic asset, a competitive leverage and an increasingly key value in corporate governance. Those who will be able to anticipate change and integrate ESG factors into their strategies will have a material advantage in tomorrow's market.

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