Risk Management Process: How firms manage climate risk

For some time now, companies have been evaluated from a financial point of view and also from the point of view of sustainability. In particular, two types of indicators have been created: ESG and SDG. They are above all taken into consideration both by investors and in the credit disbursement phases. Companies are therefore encouraged to implement sustainable actions. On the other hand, Benefit Companies, compared to other companies, are born with the very aim of undertaking sustainable actions for the benefit of society. The goal of the paper is to understand how benefit companies have better assessments in environmental terms than other companies, with the same fundamentals. The approach is qualitative and will be based on the analysis of the sustainability reports of two companies. The paper has implications of a theoretical nature as it contributes to the literature on benefit corporations which is not yet very developed and implications of a managerial nature, as it suggests to managers eventually to improve their own sustainability performance. From the analysis of the contents, it appears that Lavazza, despite not being a Benefit Company, has a more detailed sustainability report than Illy Caffè.