Sustainability and recognition

Stock exchange, the ESG-Sole 24 Ore Observatory award to six companies

They are Italmobiliare, Sesa, El.En, Iren, Sit and Masi Agricola. The prizes awarded on the basis of parameters elaborated by Bicocca University

by Elisabetta Moscatelli

1 July 2025

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2' min read

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Costs, bureaucracy and above all an excess of compliance. This is the perception of the word sustainability in the business world, not only in Italy. A tangle of regulations to comply with and consultancy costs. So much so that in Brussels, the von der Leyen Commission is about to give a decisive chop to green directives and regulations.

Right? Wrong? The fact is that despite the number of regulations, there are Italian companies that have resolutely embarked on the road to sustainability without backtracking.

The prize

To highlight perseverance on the sustainability front, an award was presented to six companies of the Milan Stock Exchange that have participated for at least two consecutive years, in the last three years, in the Esg Observatory on companies listed on Piazza Affari, realised by the Study Centre of Il Sole 24 Ore and the editorial staff of Plus24.

The awards were presented as part of the web event 'Sustainability 2.0: a perspective beyond standards'.

The companies were awarded on the basis of a ranking based on the average of three indicators, developed by the Bicocca University of Milan: Awareness, Monitoring and Governance, which are calculated through a series of answers regarding the policies and strategies adopted in terms of Environment, Social and Corporate Management.

The data collection is carried out by the Study Centre of il Sole 24 Ore and the editorial staff of Plus24 through a questionnaire, drawn up together with the Bicocca University, which is forwarded to companies on the Euronext and Egm markets, except for the forty underlying the Ftse Mib index.

Company Identity Kits

Here are the award-winning companies: in first place Italmobiliare followed by Sesa. In third place ex aequo El.EN, Iren and Sit.

All companies answered the questionnaire voluntarily and operate in different sectors. Italmobiliare in particular is a financial holding company while Sesa deals with technological innovation. El.En on the other hand produces lasers for industry and the medical sector while Iren and Sit are respectively a multi-utility in the energy sector and a manufacturer of control systems for gas heating appliances.

Egm's small ones

A prize was also awarded to Masi Agricola, an Egm company: the award was given considering a version of the Governance index that only takes into account mechanisms that can be implemented even by micro-small companies; in fact, the variables considered for the calculation of this indicator are fewer and made ad hoc for companies that do not have certain regulatory obligations.