ESG CRITERIA INTEGRATED INTO BUSINESS PLAN

QUANTITATIVE ESG OBJECTIVES SET AND INCLUDED
IN SENIOR MANAGEMENT REMUNERATION SCHEMES

The Group is structuring its sustainability pathway by adopting an integrated strategy, which can combine growth in business and financial solidity with social and environmental sustainability, creating value over the long term.

Our sustainability objectives have been included in our strategic plan as proof of our commitment to incorporating CSR into the Group’s industrial and financial strategies. Mediobanca has set its targets with the intention of contributing to six of the seventeen  Sustainable Development Goals, committing itself to help make a positive change at the global level.

The commitments made by the Group are focused on certain priority areas, and have been translated into qualitative and quantitative targets that are measurable over time, including:

  • Responsible investing: ESG screening for 100% of new Group investments/loans;
  • Diversity: guaranteeing equal gender representation;
  • Supporting energy transition: issuance of €500m green bond
  • Reduction of direct environmental impact: CO2 emissions to be cut by 15%, and hybrid cars to make up 90% of the company car fleet;
  • Contribution to growth of the economy: €700m to be invested in small and medium-sized Italian companies;
  • Support to local community: €4m to be invested each year in projects with social and environmental impact.

 

Training
  • Avg. training hours up 25%, to enhance employees’ competences
Diversity
  • Approx. 50% of female candidates to be considered for external hirings
  • All suitable female candidates to be considered
Sustainable and Responsible Investment
  • AM: 100% of new investments screened using ESG as well as financial criteria
  • €700m to be invested in outstanding Italian SMEs
  • ESG qualified products in client portfolios up 30%
Local communities
  • €4m per year in projects with positivesocial/environmental impact
  • MB Social Impact Fund: AUM increase at least by 20%
Responsible procurement/production
  • 40% of procurement expenses assessed with CSR criteria
  • Customer satisfaction: CheBanca! CSI1 on core segment; @73, NPS1  @25 Compass: CSI @85, NPS @55
Environment
  • Energy: 92% from renewable sources, CO2 emissions down 15%; hybrid cars @90% of MB fleet
  • ESG bond issue: €500m
  • RAM: issue of a carbon neutral fund
  • CheBanca! green mortgages up 50%