Mediobanca included in S&P Europe 350 ESG Index
Mediobanca is pleased to announce its inclusion in the S&P Europe 350 ESG index with effect from today.
The Bank’s inclusion is the result of a reshuffle of the index promoted by S&P Dow Jones, which each year selects the best issuers on the basis of sustainability criteria weighted in order to reflect the companies’ respective market capitalization levels.
“Our inclusion in one of the most important ESG indexes globally is testimony to our Group’s commitment in the area of sustainability, and will, we hope, lead to ESG institutional investors being even better represented in the Mediobanca Group’s ownership”, said Alberto Nagel, CEO of Mediobanca. “The pathway for our commitment to the integration of sustainability criteria in our business model has been set out in our Strategic Plan for the years through to 2023, and already in 2021 we have reached some important landmarks in this area, such as carbon neutrality, our first green bond issue, and improvement in the Group’s ESG profile. We are firmly convinced that value creation over the long term must embrace all stakeholders, and combine profitability, financial solidity and good governance practice with promoting social inclusion and protection of the environment”.
Still in the ESG area, Mediobanca has recently been voted best in class in terms of the presence of women on the Boards of Directors (40%), ahead of the market average (37% for listed banks and 15% for unlisted banks). The data comes from a report prepared by a think tank set up jointly by the Bank of Italy and Consob on the presence of women on the management and supervisory boards of Italian companies.
Milan, 3 May 2021