Corporate Social Responsibility. Theoretical analysis and practical implications

Over recent years, there is a growing debate over the global climate change and the consequences it can produce on companies and on the ways in which they operate. Climate-related issues can increase company costs, such as water, energy, sources, products, services but also cause changes on supply chains, technology, consumer and investor behaviors as well as affecting financial performance. In this perspective, climate information became relevant for investors and shareholder to understand the risks and the opportunities related to climate change and to make more informed decisions concerning capital allocation and to evaluate the equity risk premium. This implies the need to understand ever more profoundly the consequences coming from climate changes, and identify, assess and manage the risks and the opportunities that arise from them, by enhancing the level of company non-financial disclosure.