53% of the financial reports in 2020 of the companies listed on the Mercato Telematico Azionario (MTA) of the Italian Stock Exchange produced a report on the climate. Thus emerges from the Deloitte study according to which last year there was a significant + 11% compared to 2019, a figure that confirms the acceleration of attention to the issue of climate change.
Deloitte’s analysis was conducted with reference to the Annual Financial Reports for the year 2020 published by the companies listed on the Electronic Stock Market (MTA) managed and regulated by Borsa Italiana and concerned the financial statements of 220 companies out of the 239 companies listed on that market. The companies analyzed were classified according to a sector criterion: using the clusters of Borsa Italiana, each company was identified within the macro-sector and the specific sector to which it belongs.
Green listed companies: the Deloitte study
Analyzing these 220 financial statements, it emerges that 53% of the financial reports examined, relating to 116 entities, contain information on climate change with very different levels of detail. The trend is up compared to 2019, in which only 42% of the annual financial reports included explicit references to the topic of climate change. However, there remains a significant number of companies that do not address this aspect in the Annual Financial Report: 47% of the 2020 financial reports, in fact, do not include any reference to the topic. Furthermore, the level of detail of the information provided differs significantly: 36 of the 116 annual financial reports dealing with climate change mention the issue as a purely contextual and market factor, not declined with respect to the business reality and the related strategic framework and without identifying related risks and opportunities. Instead, 80 of the 116 annual financial reports, equal to 36 percent of the entire sample, address climate change as a critical factor of the company, albeit with significantly different levels of detail, declining the considerations in the context of the related management strategy. and identifying related risks and opportunities.