The Institute du Capitalisme, which cooperates with the International Integrated Reporting Council (IIRC) and MEDEF (the general confederation of French Industry), works to promote best business practice, rewarding companies that excel in forward thinking and integrated reporting.
The Integrated Thinking Award acknowledges the work of DESPAR Northeast Italy in successfully producing and integrated report, which combines their sustainability report with their annual report, which the company started back in 2012.
“Integrated Reporting is an extraordinary reporting and communication tool which has also become a process of corporate co-ordination,” said Raffaele Trivellato, CFO of DESPAR Northeast Italy.
“We have succeeded in developing a report which is no longer a mere legal fulfilment but rather a publication that connects our financial and non-financial data – reflecting the equally important intangibles that are part of the company’s performance.
“Our integrated report is a tool which over time has come to support our company with internal coordination, helping to upgrade the tools for reporting whilst contributing to the improvement of the decision-making process.”
Raffaele Trivellato who, since the beginning was the company’s trailblazer for this new form of reporting, was invited to represent DESPAR and narrate its journey in integrated reporting at the conference held by the Institute du Capitalisme Responsable in Paris.
About DESPAR Italy
SPAR International first granted a SPAR Brand licence to DESPAR Italy in 1959. The first store opened in the latter part of 1960 and with it, SPAR became the first partnership of retailers and wholesalers to operate in Italy. DESPAR Italy licenses regional partners, all of whom work together to grow the brand across the country.