The role of gender diversity in sustainability strategies: an Analysis of Italian companies

This chapter analyzes the role of gender diversity in developing sustain-ability strategies within Italian companies. Specifically, we examine whether the presence and representation of different genders among board members impact the formulation and implementation of sustainability strategies through the publication of a sustainability plan. Additionally, the study aims to identify trends in gender inclu-sivity within board positions, shedding light on patterns and progress in fostering diverse leadership within corporate sustainability. We conducted a logistic regression analysis. Our sample consisted of 95 Italian companies subject to European Directive 2014/95/EU, commonly known as the Non-Financial Reporting Directive (NFRD). Data collection involved the sustainability plans of the companies in our sample. The analysis was conducted during the year 2022. This chapter has both theoretical and practical implications. Specifically, it contributes to the existing body of literature on gender diversity studies in the Italian context. Our study highlights the advantages of having gender diversity on the board and supporting a progressive approach. Further-more, our study is directed toward academics, managers, and decision-makers. The originality of this chapter lies in addressing a gap in existing literature. Specifically, it examines whether the existence of a gender-diverse board in Italian companies affects the publication of sustainability plans. By focusing on the impact of board gender composition within the Italian context, this chapter contributes to the literature on sustainability planning and strategies.