Too strong sanctions on the sustainability reports of large companies. This is what Abi, Ania, Assirevi, Assonime Confindustria and the National Council of Chartered Accountants and Accounting Experts say. They sent a joint letter to the MEF asking "that the sanctioning system, outlined in the draft decree for the implementation" of the European directive "is put into practice consultation by the Mef must be adequately re-proportioned, differentiating it from that currently applicable for budget reporting, also in line with what the other main European countries are defining".
The letter expresses "strong concern for the extension to sustainability information of the sanction system, of a predominantly criminal nature, applicable today to accounting information, as this choice could penalize the competitiveness of the Italian system and incentivize the already worrying phenomenon of the transfer of the registered office to European countries characterized by less afflictive supervisory and enforcement systems".
The sanction system, outlined in the draft transposition decree put out for consultation by the Mef, must, in their opinion, be adequately re-proportioned, differentiating it from that currently applicable for budget reporting, also in line with what the other main European countries are defining.