What does it mean to be a Società Benefit?
In January 2016, Italy became the first European country to legally recognize Benefit Corporations (Società Benefit), a new corporate model that balances profit-making with a commitment to generating a positive impact on society and the environment. By embedding these objectives into their legal corporate purpose, these companies ensure that their mission remains stable and long-term, regardless of changes in leadership. This structure requires management to balance the interests of both shareholders and stakeholders, while maintaining high standards of transparency through the mandatory publication of an annual report detailing their social and environmental performance.