CSRD in Italy

Italy attached the sustainability-reporting obligation to Art. 193 of the Testo Unico della Finanza — the securities-law penalty article — which already carried substantial maximums for market-abuse-scale conduct.

That existing framework produces a €10 million ceiling in Italy and, at the other end of the traced range, a €5,000 ceiling in Ireland for the same directive breach on paper.

Highest maximum traced to a primary source in the EU, subject to a transitional cap until 25 September 2026.

• Undertaking — €10,000,000

  Administrative fine under Art. 193 TUF, via Art. 10 D.Lgs. 125/2024

• Transitional cap — €2,500,000

  For the first two years from entry into force, entity fines are capped at €2,500,000, natural persons at €150,000 and audit firms at €125,000. Expires 25 September 2026.

• Natural person — €2,000,000

  Applies to individuals separately from the fine on the undertaking.

• Turnover alternative

  5% of annual turnover where turnover exceeds €10,000,000

What is the CSRD fine in Italy?

Up to €10,000,000 on the undertaking under Art. 193 TUF via D.Lgs. 125/2024. A transitional cap of €2,500,000 applies until 25 September 2026.

Is Italy's CSRD penalty the highest in the EU?

It is the highest maximum traced to a primary source. The lowest traced maximum is Ireland's €5,000 — a two-thousandfold difference for the same directive.

Where can I read the full text of IT CSRD?

The authoritative version is the official text: CSRD in Italy. The full text is linked in the "Read the original document" section on this page. This page summarises the obligations; the official text governs.