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PROCEDURE FOR THE ACQUISITION OF THE PRIOR OPINION OF THE EG ADVISOR ON THE PROPOSAL FOR THE APPOINTMENT OF INDEPENDENT DIRECTOR/S OF RACING FORCE S.P.A.Document approved by the Board of Directors on 29 October 20211.Foreword1.1.Article 6bis, Part One, of the Issuers\' Regulations of Euronext Gowth Milan approved by Borsa Italiana S.p.A. (\"Borsa Italiana\") and entered into force on 1 March 2012, as subsequently amended and supplemented (the \"EGM Issuers\' Regulations\"), provides that: \"The
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How to fill out consolidated non-financial statement

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How to fill out consolidated non-financial statement

01
Gather data from all relevant departments within the organization.
02
Identify key performance indicators (KPIs) related to non-financial aspects such as environmental impact, social responsibility, and governance practices.
03
Ensure that the data collected is reliable and aligns with the reporting standards (e.g., GRI, SASB).
04
Compile the data into a comprehensive format, highlighting the organization’s commitments and achievements in non-financial areas.
05
Include stakeholder engagement strategies and how the organization addresses their concerns.
06
Review and validate the information with management and relevant stakeholders.
07
Prepare the final document, ensuring clarity and transparency in the reporting process.
08
Publish and communicate the consolidated non-financial statement to stakeholders.

Who needs consolidated non-financial statement?

01
Investors who want to evaluate the sustainability practices of a company.
02
Regulatory bodies requiring adherence to non-financial reporting standards.
03
Stakeholders interested in the ethical practices of a company, including customers, employees, and the community.
04
Companies seeking to enhance their transparency and build trust with stakeholders.

Understanding the Consolidated Non-Financial Statement Form

Understanding the consolidated non-financial statement form

A consolidated non-financial statement form is an essential document that aggregates various non-financial performance indicators of an organization into a single format. These indicators encompass numerous aspects such as environmental impact, social responsibility, and governance practices, providing stakeholders with insights beyond mere financial metrics. Such statements play a vital role in evaluating a company's operational sustainability and ethical stance, helping to paint a comprehensive picture of its overall health.

The importance of non-financial statements lies in their ability to enhance transparency and accountability among organizations. Stakeholders including investors, customers, and regulators increasingly demand transparency as it correlates with trust. By presenting a holistic view of a company’s operational impacts, businesses can foster stronger relations with these stakeholders.

Sustainability reports detailing energy consumption, waste management, and resource utilization.
Social impact disclosures that include community involvement and employee welfare metrics.
Governance information detailing board diversity and ethical practices.

Who needs a consolidated non-financial statement form?

Various individuals and teams within organizations are tasked with completing consolidated non-financial statements, particularly those focused on sustainability, social governance, and ethical practices. Corporate social responsibility (CSR) teams often spearhead these initiatives, working closely with sustainable development departments to ensure accurate reporting.

Stakeholders interested in a company’s non-financial performance also benefit from the completion of this form. Investors, for instance, view non-financial indicators as critical data points that influence their decision-making. In addition to financial performance, they seek insights into a company’s ethical implications and long-term viability.

Enhances transparency with stakeholders, building trust and credibility.
Supports compliance with increasing regulations and sustainability standards.
Facilitates better decision-making internally and externally by providing a clear picture of non-financial performance.

Detailed breakdown of the consolidated non-financial statement form

Completing a consolidated non-financial statement form involves addressing several critical sections about the organization. Each section highlights specific non-financial areas, ensuring a holistic view of the company’s operational impacts.

Company Overview

This section provides essential information about the company, including its mission, vision, and core values. This context helps stakeholders understand the objectives driving the company’s operations and its commitment to sustainability.

Governance and management approach

Articulate how policies and practices are established to govern the organization's operations. This section should discuss risk management strategies, ethics policies, and the organizational structure that facilitates responsible decision-making.

Environmental impact

This part should include metrics for environmental performance, such as greenhouse gas emissions, water use, and waste generation. Documenting these figures helps illustrate the company's commitment to environmental stewardship.

Social Responsibility

Documenting community engagement initiatives, diversity and inclusion efforts, and employee welfare programs falls under this section. It’s crucial to showcase how the organization contributes positively to society and promotes equitable practices.

Preparing to fill out the form

Before starting to fill out a consolidated non-financial statement form, gathering the necessary information is key. Accurate data collection will ensure completeness and validity in reporting. Collecting existing sustainability reports, community feedback, and internal audits can provide a solid foundation.

Key stakeholders to involve

Involving the right contributors within the organization is essential for a well-rounded statement. Collaboration with departments such as human resources, operations, and marketing will yield diverse perspectives, ensuring all aspects of non-financial performance are covered.

Step-by-step instructions for completing the form

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Editing fields and text

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Tips for efficient completion

Adopt best practices while filling the form. For instance, allocate specific sections to relevant teams to enhance efficiency. Encourage collaboration in drafting to ensure comprehensive coverage of all necessary content.

Common errors and how to avoid them

When completing a consolidated non-financial statement form, certain errors tend to arise frequently. These common mistakes include oversights in data entry, misreporting metrics, or failing to involve essential stakeholders in content creation.

To solve these issues, implement a robust review process. Ensure all entries are double-checked and validated. Developing a checklist can be an invaluable tool in ensuring each section has been addressed appropriately.

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Managing feedback through pdfFiller emphasizes the importance of continuous improvement. Regularly gather stakeholder feedback and integrate suggestions to evolve the document, ensuring its relevance and accuracy over time.

Final steps: reviewing and finalizing your non-financial statement

Once the form is filled out, an internal review process is paramount. Designate team members to perform final checks before submission to ensure accuracy and completeness. This review phase should involve cross-referencing all data for consistency.

Keeping your document updated is also crucial. Plans should be in place to revisit the consolidated non-financial statement form annually or quarterly to reflect recent changes and improvements in non-financial performance.

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Additionally, pdfFiller offers a suite of interactive tools and templates that aid in the management of various documents, including the consolidated non-financial statement form. Users can explore resources designed to enhance their documentation processes and adapt templates to fit their unique needs.

Moreover, educational content and support are readily available, offering quick guides and FAQs related to non-financial reporting. These resources empower users to navigate the complexities of reporting with confidence.

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A consolidated non-financial statement is a report that provides a comprehensive overview of a company's non-financial performance, including aspects such as environmental, social, and governance (ESG) factors, but does not include financial data.
Typically, large companies and those operating in specific sectors such as mining, energy, or listed on a stock exchange are required to file consolidated non-financial statements, as mandated by regulatory authorities or governments.
To fill out a consolidated non-financial statement, organizations should gather relevant data on sustainability performance, stakeholder engagement, risk management, and other ESG metrics, and then present this data in a structured format that meets regulatory requirements or guidelines.
The purpose of a consolidated non-financial statement is to enhance transparency regarding a company's sustainability practices, communicate performance against non-financial goals to stakeholders, and demonstrate accountability to investors and the public.
Information typically required includes details on environmental impact, social responsibility initiatives, governance practices, diversity and inclusion efforts, compliance with laws and regulations, and stakeholder engagement activities.
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