The paper examines the European directive on sustainability due diligence from both an economic and legal perspective, analysing the content and the scope of the financial and non-financial companies involved. In addition, it discusses the effectiveness of the directive in improving the sustainability of business activity and the potential economic effects on the companies involved.
The paper describes the obligations required by the directive and estimates that in Italy they could affect 12 significant and 8 non-significant banks, 2 non-bank intermediaries and approximately 650 non-financial companies, as well as the companies in their chain of activities. The overall impact of the new discipline and its effectiveness will depend to a large extent on how it is implemented in practice.
