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Community stakeholding, for managing local services

In Italy, the Municipality of Peccioli’s refuse disposal plant is considered to be an excellent example of a public company and of advanced environmental management.

The company Belvedere S.p.A., established by the Municipality of Peccioli to run the plant, uses a resource management model based on community stakeholding. As well as generating proven economic benefits, this model (termed Azionariato diffuso in Italy) represents a fresh way of thinking about the agency role of public authorities. Applied in the case of Peccioli for the management of a refuse dump, community stakeholding can be adopted by local authorities for the management of many resources that generate economic value.

By Renzo Macelloni