The Organismo Italiano Contabilità has published its comment letter to the EFRAG consultation on the connectivity connectivity of financial and sustainability reporting.

The connectivity between financial and sustainability information is useful for improving the overall consistency and credibility of corporate reporting as a whole, however the OIC would like to draw your attention to the following specific aspects:

• Update of the Research Scope, the companies are now progressively maturing greater operational experience, this research would be beneficial to accurately capture the progress made by the market and would enable decisions on potential amendments to the standards and connectivity requirements to be based on more mature evidence;

• deferring any reporting requirements on anticipated financial effects until adequate measurement methodologies are defined by the EFRAG Sustainability/Financial Reporting Board and the IFRS Foundation;

• delineate the information to be included in the notes to the financial statements rather than in the management report, retain financial data supported by objective evidence.

For further details see the attached comment letter.