ESG, Sustainability, and Materiality Analysis in the Factoring Supply Chain
摘要
How much can performance interpreted according to Environmental, Social, and Governance (ESG) factors and not just exclusively financial ones contribute to the creation of a sustainable value chain within the factoring supply chain? We intend to answer this question by illustrating all the possible impacts connected to these factors which manifest themselves at different levels of credit institutions. Factoring operators are required to make important changes in the internal organization, in the business models adopted, in the compliance function, in the risk management processes, with an expansion of risks, primarily climate and reputational, in the management and valorization of personnel, in revisiting the social role in the territory. Through an empirical exercise, we will try to understand which of the three dimensions investigated, environmental, social, and governance-related, produce the most significant impacts on the financial dynamics of the factoring sector.