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  "notes": "The slide features four EY professionals and a discussion on the shift in investor focus toward non-financial/ESG risks.",
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      "text": "The social and environmental impacts of a company and the way in which these aspects are managed and kept under control influence the decision to invest or not in that company.",
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      "text": "Costanza Monari",
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      "text": "Cristina Pigni",
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      "text": "Riccardo Giovannini",
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      "text": "Research conducted by EY on 320 institutional investors across the globe confirms this trend. The channels and documents through which companies communicate the environmental, social and governance risks that can affect their business model are considered less and less sufficient, while the cases in which nonfinancial factors have a substantial impact on investment decisions are increasing.",
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      "kind": "paragraph",
      "text": "Investors are no longer what they used to be. This statement summarizes, with a little irony, the transformation currently under way in financial circles. Those working in financial circles are becoming more and more inclined to evaluate corporate performances in a holistic manner, and not only from a mere economic standpoint.",
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      "text": "Similarly, stock exchanges across the world are increasingly attentive to the sustainability performance of listed companies and use ESG indices (environmental, social and governance), based on the management of ESG aspects.",
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      "text": "In recent years, investors have demonstrated a growing interest in nonfinancial information to evaluate potential investment opportunities. The social and environmental impacts of a company and the way in which these aspects are managed and kept under control influence the decision to invest or not in that company. The reason for this progressive change has a precise name: \"risk management.\" The increasing demand of data and qualitative elements and the corresponding analytics activities respond to investors' need to gain a deeper knowledge of the possible risks associated with an investment. Recent examples of investments in which such risks actually produced negative outcomes teach us that poor management of social and environmental impacts can have direct repercussions on the economic value of a company, often as a consequence of a deterioration of its reputation. Therefore, for investors, it is better to weigh these aspects before becoming subject to a financial risk exposure.",
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      "text": "Sustainability in the fashion industry",
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      "evidence": "The document emphasizes the need for a 'haute couture' digital approach in luxury and provides examples of its implementation.",
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