Transparency and accountability
Green Oleo is committed to meeting high standards of social and environmental performance.
Green Oleo, Benefit Company
Benefit Companies represent an innovative business model that, while operating for profit, integrates into its statute the commitment to generate a positive impact on society and the environment.
In 2023 Green Oleo S.p.A. 2023 announced its intention to become a Benefit Company. This decision reflects the Company’s growing commitment to sustainable and responsible business practices, aimed not only at profit, but rather at creating value for all stakeholders.
Benefit Companies are profit-making entities that are also committed to pursuing objectives that benefit stakeholders, the environment and society as a whole. These objectives of common benefit are included in the Company Bylaws, and in accordance with the provisions in, paragraphs 376 – 384, of Law no. 208 of 28 December 2015 governing Benefit Companies in Italy, the latter are required to prepare an annual impact report that is attached to their financial statements and published on their website. Through the Impact Report, Benefit Companies provide:
- A description of the specific objectives, processes and actions put in place to pursue the objectives of common benefit and any circumstances which may have prevented or slowed this down.
- An assessment of the impact generated using an external assessment standard.
- A section describing the new objectives the Business intends to pursue in the following financial year.
Green Oleo S.p.A. decision to become a Benefit Company represents an important step to better align with its corporate values of sustainability and social responsibility. The Company is thus committed to meeting high standards of social and environmental performance, ensuring transparency and accountability.
