This chapter considers sustainability issues in Italian business law. In particular, it focuses on the two main approaches the lawmaker uses: creating no- or low-profit organisations (such as benefit companies), with specific labels; and setting down rules on special reports and statements that some companies must or may prepare in order to show their commitment in the field of sustainability. Following a normative analysis, the Italian system is shown to be ineffective, as the approach towards sustainability is always seen as an exception to a full-profit rule, even if the full maximisation approach comes from a social norm rather than a legal one. The chapter concludes that a much more effective measure would have been to change the basic norm on partnerships and companies, delivering such concepts from the need of profit purpose.

The Unsuccessful Pursuit for Sustainability in Italian Business Law / Bartolacelli, A.. - (2019), pp. 290-303. [10.1017/9781108658386.027]

The Unsuccessful Pursuit for Sustainability in Italian Business Law

Bartolacelli, A.
2019

Abstract

This chapter considers sustainability issues in Italian business law. In particular, it focuses on the two main approaches the lawmaker uses: creating no- or low-profit organisations (such as benefit companies), with specific labels; and setting down rules on special reports and statements that some companies must or may prepare in order to show their commitment in the field of sustainability. Following a normative analysis, the Italian system is shown to be ineffective, as the approach towards sustainability is always seen as an exception to a full-profit rule, even if the full maximisation approach comes from a social norm rather than a legal one. The chapter concludes that a much more effective measure would have been to change the basic norm on partnerships and companies, delivering such concepts from the need of profit purpose.
2019
The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
B. Sjåfjell C.M. Bruner
9781108473293
Cambridge University Press
REGNO UNITO DI GRAN BRETAGNA
The Unsuccessful Pursuit for Sustainability in Italian Business Law / Bartolacelli, A.. - (2019), pp. 290-303. [10.1017/9781108658386.027]
Bartolacelli, A.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11380/1326590
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