Track Description
Public administrations are currently experimenting with advanced forms of integrated planning oriented towards institutional sustainability, such as the Piano Integrato di Attività e Organizzazione (PIAO), which combines performance, anti-corruption measures, personnel management, and risk management within a unified operational framework. This experience fits into a broader international debate concerning the relationship between governance instruments, risk management capacity, and the generation of public value. The evolution of Public Value Accounting, sustainability reporting, and impact assessment models marks an essential step towards forms of accountability oriented to transparency, the measurement of outcomes, and the construction of trust-based relationships with stakeholders. These processes enhance the legitimisation of public action and mitigate reputational risks, supported not only by reporting practices but also by increasingly digital-oriented communication – dialogic, dynamic, and bidirectional – based on technological innovation. The evolution of the national and international regulatory and organisational framework, together with the adoption of independent assurance practices and the development of accounting and auditing standards, is reshaping the institutional environment. These changes promote initiatives aimed at strengthening the credibility of public administrations while consolidating the economic, social, and environmental sustainability of public action and mitigating reputational risks. Furthermore, the democratisation of innovation marks a shift from Schumpeterian closed systems – where value is created by producers and users remain passive – to open innovation ecosystems, as theorised by von Hippel and Chesbrough, grounded in collaboration and active user participation. This paradigm, originally developed in the private sector, now extends to the public sphere, where the co-creation of public value emerges as a strategic factor for understanding and guiding administrative innovation.
The track unfolds along four complementary directions:

• • Sustainable governance, accountability, and integrated reporting as tools to strengthen transparency, resilience, and trust in public institutions;
• The integration of circular economy principles and risk management in public processes to reduce environmental and operational risks and optimise resource allocation;
• Public Value Accounting and impact models as instruments for measuring and communicating public value, linking sustainability, performance, and institutional legitimacy;
• The application of algorithmic methodologies and governance practices originating in the private sector, adapted to the public sphere to support evidence-based decision-making and more effective impact evaluation.

Drawing on the Italian experience and in dialogue with other institutional models, the track seeks to foster an international discussion on how risk management, reporting, sustainability, organisational and technological innovation, and impact models can jointly contribute to the creation of public value.