TONDINI MARIKA – Forlì Campus
The Integrated Report and the evaluation of SMEs performance: some case studies
This dissertation seeks to analyse the evolution of Corporate Reporting determined by the changing needs
of stakeholders, examining the information limits of the Financial and Sustainability Reports.
In order to face these limits, Integrated Reporting has been introduced, based on a multi-capital value
creation model, which brings a series of benefits for businesses and stakeholders, but which still faces
several challenges for its widespread implementation on a large scale. The characteristics of human capital,
the difficulty of its evaluation and its link with performance were further explored.
In addition, the Standards, the guidelines and the scope of Integrated Reporting were examined, dealing in
particular with ISO 2600, the SR Guidelines G4 issued by the GRI, the IR Framework of the IIRC, the EU
Directive 2014/95 on non-financial information, and the D. Lgs. 254/2016 with which it became applicable
Finally, the reasons for the low diffusion of Integrated Reporting in small and medium-sized enterprises
were explained, analysing the Sustainability Reports of two innovative SMEs: Kolinpharma and Health Italy.