Authority: Consob’s first report on sustainability
A 65-page document analysing all of Consob’s ESG initiatives. The report forms part of the authority’s 2025–2027 strategic plan
First sustainability report for Consob. The Italian regulator has published the 65-page document, which analyses all the initiatives aimed at reducing energy consumption and the carbon footprint, enhancing human capital and organisational wellbeing, and strengthening safeguards for integrity, transparency and fairness in the conduct of institutional activities.
The report forms part of the 2025–2027 strategic plan, “which regards the sustainable transition, alongside the digital transition, as a key component of strategic and operational planning”, according to the Consob statement.
The E and S sizes
Consob uses the well-known ESG framework to categorise its sustainable activities. ‘The climate and energy dimension,’ it explains, ‘has been analysed across the three levels set out by the GHG Protocol — direct emissions (Scope 1), emissions from purchased energy (Scope 2) and emissions along the value chain (Scope 3). Scope 2 emissions have been reduced to zero through the use of certified renewable energy sources. The majority of Scope 3 emissions (around 80 per cent of the total) are attributable to staff travel, with particular reference to commuting and business travel.”
Then there is the ‘S’ for social. In this regard, the document highlights, for example, ‘substantial gender parity in the workforce (out of 672 employees, 50.6 per cent are men and 49.4 per cent are women), including at management level (56.6 per cent men; women 43.4 per cent). During the year, initiatives dedicated to diversity and inclusion were also strengthened, with the establishment of a Joint Committee and the pilot launch of a counselling service for staff’.
The G in governance
The ‘G’ for governance could not be left out. In this regard, the Consob document highlights ‘the consolidation of safeguards for transparency, integrity and cyber security’. During the two-year period 2024–2025, there were no reports of whistleblowing or personal data breaches, whilst investment continued to strengthen the institution’s cyber defence capabilities’.
