The Notebook ” The management report and non-financial information” was created with the aim of supporting the drafter of this report in the light of the innovations introduced by the new Code of business crisis and insolvency (Law n.155/2017) and the very recent Community Directive on Sustainability Communication ” Corporate Sustainability Reporting Directive ” (CSRD) approved by the EU Parliament and the EU Council respectively on 10.11.2022 and 28.11.2022.

With this new Research Paper, the Working Group composed of Andrea Bellucci, Raffaele Carnevale, Bruno Ricci, Fabio Sposini and coordinated by the Responsible Partner Bruno Ricci, AIAF wants to deliver to the operators not an operational guide for the drafting of the management report pursuant to of the art. 2428 of the civil code but a proposal for an overall and transversal approach.

17.30 Opening and institutional greetings

DAVIDE GRIGNANI , AIAF President

17.40 Moderators and authors of the AIAF Notebook

The management report

BRUNO RICCI , Chartered Accountant Studio Tributario Societario Member of AIAF

Two potential areas of implementation of non-financial information in the management report: Intellectual 

Capital and the Business Model

ANDREA BELLUCCI , Associate Professor of Business Economics, University of Perugia, AIAF Member

The Sustainable Business Model and creditworthiness

FABIO SPOSINI , Chartered Accountant Firm MBS Professionisti per l’Impresa, AIAF Member

The Sustainable Business Model and the measurement of the Sustainability Value: the FNM case

RAFFAELE CARNEVALE , Senior Director, International Public Finance FitchRatings, AIAF Member

18.40 Q&A