diff --git a/src/core/include/openvino/op/identity.hpp b/src/core/include/openvino/op/identity.hpp
index 6fc625340f46aa..0f63631b6bcdea 100644
--- a/src/core/include/openvino/op/identity.hpp
+++ b/src/core/include/openvino/op/identity.hpp
@@ -17,22 +17,13 @@ class OPENVINO_API Identity : public Op {
     OPENVINO_OP("Identity", "opset15");
     Identity() = default;
     /**
-     * @brief Identity operation is used as a placeholder. It either passes the tensor down to the next layer,
-     * or copies the tensor to the output.
-     *
-     * @param copy Boolean that determines whether to copy the input to the output, or just return the output.
+     * @brief Identity operation is used as a placeholder. It copies the tensor data to the output.
      */
-    Identity(const Output<Node>& data, const bool copy = false);
+    Identity(const Output<Node>& data);
 
     bool visit_attributes(AttributeVisitor& visitor) override;
     void validate_and_infer_types() override;
     std::shared_ptr<Node> clone_with_new_inputs(const OutputVector& new_args) const override;
-
-    bool get_copy() const;
-    void set_copy(const bool copy);
-
-private:
-    bool m_copy;
 };
 }  // namespace v15
 }  // namespace op
diff --git a/src/core/reference/include/openvino/reference/identity.hpp b/src/core/reference/include/openvino/reference/identity.hpp
index d33c5249a80e8b..319cf2bb3eb1a7 100644
--- a/src/core/reference/include/openvino/reference/identity.hpp
+++ b/src/core/reference/include/openvino/reference/identity.hpp
@@ -17,18 +17,9 @@ namespace identity {
  *
  * @param input Input matrix (matrices) pointer.
  * @param output Output matrix (matrices) pointer.
- * @param copy Boolean that determines whether to return the input as output or
- * copy the input to a new memory address.
  **/
-template <typename T>
-void identity(const T** input, T** output, const Shape& shape, const bool copy) {
-    const auto total_elements = shape_size<Shape>(shape);
-
-    if (!copy) {
-        *output = *input;
-    } else {
-        std::memcpy(*output, *input, total_elements * sizeof(T));
-    }
+void identity(const char* input, char* output, const size_t size_in_bytes) {
+    std::memcpy(output, input, size_in_bytes);
 }
 }  // namespace identity
 }  // namespace reference
diff --git a/src/core/src/op/identity.hpp b/src/core/src/op/identity.hpp
index 800e5034fa0c30..db4a3de389c00b 100644
--- a/src/core/src/op/identity.hpp
+++ b/src/core/src/op/identity.hpp
@@ -14,13 +14,12 @@ namespace ov {
 namespace op {
 namespace v15 {
 
-Identity::Identity(const Output<Node>& data, const bool copy) : Op({data}), m_copy(copy) {
+Identity::Identity(const Output<Node>& data) : Op({data}) {
     constructor_validate_and_infer_types();
 }
 
 bool Identity::Identity::visit_attributes(AttributeVisitor& visitor) {
     OV_OP_SCOPE(v15_Identity_visit_attributes);
-    visitor.on_attribute("copy", m_copy);
     return true;
 }
 
@@ -36,14 +35,6 @@ std::shared_ptr<Node> Identity::Identity::clone_with_new_inputs(const OutputVect
     OV_OP_SCOPE(v15_Identity_clone_with_new_inputs);
     check_new_args_count(this, new_args);
 
-    return std::make_shared<Identity>(new_args.at(0), m_copy);
-}
-
-bool Identity::get_copy() const {
-    return m_copy;
-}
-
-void Identity::set_copy(const bool copy) {
-    m_copy = copy;
+    return std::make_shared<Identity>(new_args.at(0));
 }
 }  // namespace ov
diff --git a/src/core/tests/type_prop/identity.cpp b/src/core/tests/type_prop/identity.cpp
index 8764ecb0e68373..65c9fe462585b5 100644
--- a/src/core/tests/type_prop/identity.cpp
+++ b/src/core/tests/type_prop/identity.cpp
@@ -24,5 +24,4 @@ TEST_F(TypePropIdentityV15Test, default_ctor) {
     EXPECT_EQ(op->get_output_size(), 1);
     EXPECT_EQ(op->get_output_element_type(0), ov::element::f64);
     EXPECT_EQ(op->get_output_partial_shape(0), ov::PartialShape({2, 2}));
-    EXPECT_EQ(op->get_copy(), false);
 }
diff --git a/src/core/tests/visitors/op/identity.cpp b/src/core/tests/visitors/op/identity.cpp
index ade79b499fd6e2..ced50d57a69892 100644
--- a/src/core/tests/visitors/op/identity.cpp
+++ b/src/core/tests/visitors/op/identity.cpp
@@ -15,11 +15,10 @@ TEST(attributes, Identity) {
     NodeBuilder::opset().insert<ov::op::v15::Identity>();
     const auto data = std::make_shared<ov::op::v0::Parameter>(ov::element::f32, ov::Shape{2, 2});
 
-    const auto op = std::make_shared<ov::op::v15::Identity>(data, true);
+    const auto op = std::make_shared<ov::op::v15::Identity>(data);
     NodeBuilder builder(op, {data});
     auto g_identity = ov::as_type_ptr<ov::op::v15::Identity>(builder.create());
 
-    constexpr auto expected_attr_count = 1;
+    constexpr auto expected_attr_count = 0;
     EXPECT_EQ(builder.get_value_map_size(), expected_attr_count);
-    EXPECT_EQ(op->get_copy(), g_identity->get_copy());
 }
diff --git a/src/plugins/template/backend/ops/identity.cpp b/src/plugins/template/backend/ops/identity.cpp
index 9fab43a2db867d..0c40ee5569fc5f 100644
--- a/src/plugins/template/backend/ops/identity.cpp
+++ b/src/plugins/template/backend/ops/identity.cpp
@@ -14,9 +14,12 @@ inline bool evaluate(const std::shared_ptr<ov::op::v15::Identity>& op,
     using T = typename ov::element_type_traits<ET>::value_type;
 
     const std::vector<ov::PartialShape> input_shapes{op->get_input_shape(0)};
+    const auto total_size = get_shape_size(out_shape);
+    const auto total_size_in_bytes = total_size * inputs[0].get_dtype().get_element_size();
+
     outputs[0].set_shape(input_shapes[0]);
 
-    ov::reference::Identity<T>(inputs[0].data<const T>(), outputs[0].data<T>(), out_shape, op->get_copy());
+    ov::reference::Identity(static_cast<const char*>(inputs[0].data()), static_cast<char*>(outputs[0].data()), total_size_in_bytes);
     return true;
 }
 
diff --git a/src/plugins/template/tests/functional/op_reference/identity.cpp b/src/plugins/template/tests/functional/op_reference/identity.cpp
index a5a2e51e751ce7..fc9a249851539c 100644
--- a/src/plugins/template/tests/functional/op_reference/identity.cpp
+++ b/src/plugins/template/tests/functional/op_reference/identity.cpp
@@ -12,11 +12,9 @@ namespace {
 struct IdentityParams {
     IdentityParams(const reference_tests::Tensor& matrices, bool copy, std::string name)
         : matrices{matrices},
-          copy(copy),
           test_case_name{std::move(name)} {}
 
     reference_tests::Tensor matrices;
-    bool copy;
     std::string test_case_name;
 };
 
@@ -27,7 +25,6 @@ class ReferenceIdentity : public testing::TestWithParam<IdentityParams>, public
         function = CreateFunction(params);
         inputData = {params.matrices.data};
         refOutData = {params.matrices.data};
-        m_copy = params.copy;
     }
 
     static std::string getTestCaseName(const testing::TestParamInfo<IdentityParams>& obj) {
@@ -37,26 +34,15 @@ class ReferenceIdentity : public testing::TestWithParam<IdentityParams>, public
         name << obj.param.matrices.type;
         name << "_shape_";
         name << obj.param.matrices.shape;
-        name << "_copy_";
-        name << obj.param.copy;
         return name.str();
     }
 
-    void Validate() {
-        CommonReferenceTest::Validate();
-
-        bool pointers_match = refOutData[0].data() == actualOutData[0].data();
-        ASSERT_EQ(pointers_match, !m_copy);
-    }
-
 private:
     static std::shared_ptr<ov::Model> CreateFunction(const IdentityParams& params) {
         const auto in_matrices = std::make_shared<ov::op::v0::Parameter>(params.matrices.type, params.matrices.shape);
-        const auto identity = std::make_shared<ov::op::v15::Identity>(in_matrices, params.copy);
+        const auto identity = std::make_shared<ov::op::v15::Identity>(in_matrices);
         return std::make_shared<ov::Model>(identity->outputs(), ov::ParameterVector{in_matrices});
     }
-
-    bool m_copy;
 };
 
 template <ov::element::Type_t ET>
@@ -91,10 +77,8 @@ std::vector<IdentityParams> generateIdentityParams() {
                                                            0.0f});
 
     std::vector<IdentityParams> params;
-    params.emplace_back(matrices_2_2, false, "single_simple");
-    params.emplace_back(matrices_2_2, true, "single_simple");
-    params.emplace_back(matrices_2_3_3, false, "many_simple");
-    params.emplace_back(matrices_2_3_3, true, "many_simple");
+    params.emplace_back(matrices_2_2, "single");
+    params.emplace_back(matrices_2_3_3, "many");
 
     return params;
 }
diff --git a/src/tests/functional/plugin/conformance/test_runner/op_conformance_runner/src/op_impl_check/single_op_graph.cpp b/src/tests/functional/plugin/conformance/test_runner/op_conformance_runner/src/op_impl_check/single_op_graph.cpp
index d24be9c9e2a250..ca8af030c88063 100644
--- a/src/tests/functional/plugin/conformance/test_runner/op_conformance_runner/src/op_impl_check/single_op_graph.cpp
+++ b/src/tests/functional/plugin/conformance/test_runner/op_conformance_runner/src/op_impl_check/single_op_graph.cpp
@@ -527,7 +527,7 @@ std::shared_ptr<ov::Model> generate(const std::shared_ptr<ov::op::v0::Interpolat
 
 std::shared_ptr<ov::Model> generate(const std::shared_ptr<ov::op::v15::Identity>& node) {
     ov::ParameterVector params{std::make_shared<ov::op::v0::Parameter>(ov::element::f32, ov::Shape{4, 4, 4})};
-    const auto identity = std::make_shared<ov::op::v15::Identity>(params[0], false);
+    const auto identity = std::make_shared<ov::op::v15::Identity>(params[0]);
     ov::ResultVector results{std::make_shared<ov::op::v0::Result>(identity)};
     return std::make_shared<ov::Model>(results, params, "Identity");
 }