Table 3.

Examples of risk disclosure the Italian integrated reports

CompanyExample sentenceType of disclosureCharacteristicsCoding
A“[Company’s name] sees the management of business fraud as an important part of its approach to business management, striving to protect the reputation and image of the company, as well as giving its maximum attention and commitment to stakeholders in application of the code of ethics and behavioural rules” (Company A, p. 76)Integrity riskNon-monetary
Present
Neutral news
5bcf
F“Structural risk elements in the [region name] area persist, particularly in the political-economic scenario of [country name], and in [country name], where political-social instability is still high and has led, in recent years to an alteration of normal market dynamics and, more generally, of operating of business conditions, which, in turn, have led, with reference to [Company’s name] to the deconsolidation from 31 December 2015” (Company F, p. 43)Strategic riskNon-monetary
Past
Bad news
6bdh
G“From the collection and examination of statistical data on accidents at work, there is a decrease in the number of injuries in the current year compared to the previous year” (Company G, p. 185)Operations riskNon-monetary
Present
Good news
2bcg
H“Internal capital determined for market risk increases by € [omissed] thousand (+ 100%) due to the increased risk of position on debt and equity instruments” (Company H, p. 183)Financial riskMonetary
Past
Bad news
1adh

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