CNDCEC began its journey towards sustainability reporting by publishing its first ‘Social Report’ in 2006. Since then, CNDCEC has issued other ESG annual reports, moving from social reporting to sustainability reporting, modifying its internal process to share its strategic objectives and mission with a wider range of stakeholders. This new approach had favoured major acknowledgement of CNDCEC in the surrounding economic and social environment.
This path led in 2016 to the preparation of a “Mission Report 2015”, already based on the International <IR> Framework; in 2017 CNDCEC reissued its “Integrated Report 2016” that enhanced the section concerning the strategic control system specifically dedicated to plan and monitor the entity’s performance.
This latter approach is the one CNDCEC is still adopting today and an example of their integrated report can be found here.
Massimo Miani, President of CNDCEC:
“The integrated reporting approach is a useful instrument to represent our institutional mission and implement a robust strategic performance plan and management by objectives (MBO) method. This approach is facilitated by the nature of our entity – a not for profit public sector organization – which is orientated to integrally address financial and non-financial indicators.
We are sure that the scientific development of <IR> will also support CNDCEC in satisfying our stakeholders’ information needs, further engaging the Council with professional accountants, and pursuing the public interest. I am sure that the CNDCEC can contribute to the evolution of integrated thinking applied to public sector organizations.”
The Consiglio Nazioanle dei Dottori Commercialisti e degli Esperti Contabili (CNDCEC) is the national body representing the accountancy profession in Italy. It is an entity established and regulated by the law, and operating under the oversight of the Ministry of Justice.