On October 17 at Casa Sartori 1898 took place the event “Creating value through sustainability” organized by our Managing Associate Paolo Dragone and by Marco Pasquotti, Advisor at ESCALUSCAPITAL Ltd and president of ANDAF – Associazione Nazionale Direttori Amministrativi e Finanziari Nord-Est.
The event aimed to investigate the possibility of the CFOs to create value through sustainability and guide the companies in this direction, thanks to their deep-rooted knowledge of the company’s performance and their closeness with the stakeholders.
The key takeaways have been the following ones:
– Concept of value creation and how sustainability can be a tool to create value in the company
– Why CFOs can be key players in transforming business processes towards sustainability
– How companies can concretely create value: tools and insights
The taxation connected to the sustainability choices made by companies is very complex (i.e. supply chain shortening and “reshoring” actions), with effects on transfer pricing, on the taxation of cross-border operations and with complicated customs implications.
With regard to environmental taxes, a reference was made to what, at the moment, appears to be the most articulated one from an applicative perspective, the Cross Border Adjustment Mechanism (CBAM), which entered its transitional application phase last 1st October.
A big thank you to all our speakers and attendees for contributing to such an engaging and informative discussion.