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The aim of this chapter is to show whether the presence of a sustainability committee has a positive or negative influence on a company’s environmental risk management. The analysis relied on a sample of Italian public companies for which data had been gathered by Refinitiv for 6 years (2017–2022). Although sustainability committees have been widely established, managerial procedures are not strongly rooted in firms. However, this study demonstrated that the presence of a sustainability committee has a positive and significant influence on attitudes towards the management of environmental risk. The originality of the study lies in its significance for environmental, social and governance risk management practices (e.g. regarding the Italian Civil Code) since, nowadays, such risk management is considered a vital component of corporate governance structures to maintain companies as going concerns.

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The Role of the Sustainability Committee in the Environmental Risk Management: Evidence from Italian Public Companies

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  • 发表日期：

    2025年

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  • Fabio Rizzato,
  • Alberto Tonelli,
  • Alain Devalle

摘要

The aim of this chapter is to show whether the presence of a sustainability committee has a positive or negative influence on a company’s environmental risk management. The analysis relied on a sample of Italian public companies for which data had been gathered by Refinitiv for 6 years (2017–2022). Although sustainability committees have been widely established, managerial procedures are not strongly rooted in firms. However, this study demonstrated that the presence of a sustainability committee has a positive and significant influence on attitudes towards the management of environmental risk. The originality of the study lies in its significance for environmental, social and governance risk management practices (e.g. regarding the Italian Civil Code) since, nowadays, such risk management is considered a vital component of corporate governance structures to maintain companies as going concerns.