Gender diversity in the non-financial reporting of Italian banks

Emanuela Atripaldi (), Nicole Gila (), Alessia Musco () and Ulrike Sauwervald ()
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Emanuela Atripaldi: Bank of Italy
Nicole Gila: Valore D
Alessia Musco: Bank of Italy
Ulrike Sauwervald: Valore D

No 671, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: Corporate social responsibility reporting on environmental, social and governance (ESG) sustainability allows analysts and investors to better assess firms’ risk exposure to these factors and their long-term profitability. Gender diversity in the workplace is an important element of firms’ sustainability strategy and deserves to be properly addressed and communicated to the public. We analyse how and to what extent Italian banks disclose their stance on these issues in their non-financial reporting (NFR), as required by the current regulatory framework for larger public interest entities. The analysis of NFR finds that diversity and inclusion (D&I) is material for most institutions, albeit with some differences in the granularity of information and in the way in which the information is presented. The paper identifies some aspects that banks could use in each of the three main areas considered in the reports (materiality process; D&I management; publication of quantitative information on D&I) to enhance their activities related to D&I.

Keywords: gender diversity; diversity & inclusion; non-financial reporting; Italian banks; sustainable finance (search for similar items in EconPapers)
JEL-codes: D63 G21 M14 (search for similar items in EconPapers)
Date: 2022-02
New Economics Papers: this item is included in nep-ban
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