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Climate changes and the deterioration in the natural environment are emergencies that must be tackled collectively and responsibly. We seek to raise awareness of environmental issues among staff members, including in the form of what we call sustainability “pills”, which we publish once a week on the company intranet, providing items of interest and suggestions to promote sustainable use of the resources which all of us are called to steward responsibly.

At Mediobanca, we are committed to reducing our impacts on the environment and the climate, and we do this by involving all our employees. The seriousness of our commitment is borne out by the inclusion of the environment in the strategic areas of our Sustainability Policy.

In particular, we are dedicated to promoting responsible management of resources – such as paper, water and waste – and reducing our carbon footprint generated by our activities, mainly through better management of energy sources and the promotion of energy efficiency of processes and buildings.

The Mediobanca Group has chosen to neutralize its remaining greenhouse gas emissions, which in FY 2019-20 were equivalent to 5,618.81 tonnes of CO2 (tCO2eq) by acquiring carbon credits generated from environmental protection projects in developing countries. In particular, we have decided to support a wind electricity generation project, helping to develop and run one of the largest wind farms in the Philippines. The project addresses three of the SDGs: 7 (clean and accessible energy), 8 (decent work and economic growth), and 13 (action to combat climate change), by generating energy from renewable sources, creating jobs and reducing greenhouse gas emissions.

In addition to the numerous projects in which we are directly the key player, we support authorities and associations who fight to protect the environment and the local area, such as the FAI (Italian Environment Fund), whose mission is to enhance, protect and take care of Italian historical, cultural and artistic heritage.

“MEDIOBANCA BECOMES CARBON NEUTRAL: 5,620 TONS OF CO2 OFFSET AND 1,000 TREES DONATED”

In conjunction with technical non-profit organization Rete Clima, the Mediobanca Group has succeeded in becoming carbon neutral through a project to offset our CO2 emissions remaining after the domestic climate change mitigation action taken, and beating in so doing the objective to reduce our impact on the environment included in the 2019-23 Strategic Plan.

This initiative allows the Mediobanca Group to neutralize its remaining greenhouse gas emissions, which in FY 2019-20 were equivalent to 5,618.81 tonnes of CO2 (tCO2eq) by acquiring carbon credits generated from environmental protection projects in developing countries.

In particular, we have decided to support a wind electricity generation project, helping to develop and run one of the largest wind farms in the Philippines, with an overall capacity of 150 MW (the Burgos Wind Project). The project addresses three of the Sustainable Development Goals: 7 (clean and accessible energy), 8 (decent work and economic growth) and 13 (action to combat climate change), respectively by generating energy from renewable sources, creating jobs and reducing greenhouse gas emissions.

This international certified project has been complemented by our commitment to local forestation which involves donating and maintaining 1,000 trees, to be planted by members of the Bank’s staff in Milan and the surroundinging area in the months between spring and autumn 2021. Learn more about geographic map.

The project, which forms part of the Italian forestry activities promoted by Rete Clima under the patronage of the Italian Ministry for the Environment, will help to increase the natural quality of the Milan urban territory, in order to mitigate the urban heat island, regulate water resource flows, and protect biodiversity and the absorption of CO2 to help combat global climate change.

Learn more about press release

INFOGRAFICA SOSTENIBILITà ENG

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