Strategy and objectives

Driven by the desire to pursue responsible development of our business, we have defined an integrated strategy able to combine business growth and financial solidity with the principles of social and environmental sustainability, creating long-term value.

Sustainable growth, enhancement of human capital, reduction of direct and indirect environmental impacts and attention to social issues are the four areas of responsibility in which we have incorporated targets and projects for the responsible development of the group and our stakeholders.

In order to effectively incorporate the four strategic areas in all our activities, we have employed specific group policies.

The Group Sustainability Policy was created with the objective of governing our direct impacts, by identifying the roles, responsibilities and priority sustainability issues. Based on the 10 principles of the Global Compact, the Policy applies to all group companies, by integrating with all other guidelines, procedures, directives and provisions connected with the areas identified.

Combatting corruption

We are committed to carrying out our activities in compliance with the highest ethical standards and we do not tolerate acts of active or passive corruption

Protection of Human Rights

We protect and promote Human Rights in conducting our business activities and in managing relations with stakeholders

Environment and climate change

Our choices are based on guaranteeing compatibility between economic initiative and environmental requirements.

Diversity and inclusion

We believe in the importance of developing the various prospects and experiences through an inclusive culture

Financial health and inclusion

We believe in the importance of developing the various prospects and experiences through an inclusive culture

The Group ESG Policy was drafted with the objective of effectively managing our indirect socio-environmental impacts, thanks to the integration of environmental, social and governance (ESG) criteria in our financing, investing and advisory model.

The Board of Directors has approved the update of the 2025-2028 economic and financial projections for the “One Brand - One Culture” Plan.

The quantitative targets will be integrated into the strategic guidelines of the Plan and into performance evaluation and incentive systems across all staff, with a particular focus on top management. The targets identified, which strengthen the integration of ESG elements into the overall strategy, are grouped into two main areas:
 

The Plan objectives will be pursued by offering solutions, products and advisory services to support clients in the transition towards a sustainable economy, helped by training programmes and awareness-raising campaigns to promote increased sensitivity to ESG topics both within and outside the Group.

	OBJECTIVES TO 2026	30/06/24
	Financed emissions intensity (tCO2/M€)	-18%
	Interim sector targets for NZBA	All set
	Carbon neutrality on own emissions2	Carbon neutrality confirmed
	Renewable energy at Group level	100% at Group level
	Incorporating more “Climate & Environment” metrics into risk management processes such as RAF, ICAAP and Stress testing	Fully embedded

	female members of MB Key Function Holders4 female executives women out of total hires advancement rate	20% 21% 38% 10% women vs 12% men
	Employees trained in ESG	98%
	Support to projects with social and environmental impact	€6.4 million (€13.4m in 2023-2025)
	Procurement expenses screened with ESG criteria	70%
	Sustainability bond issuances	3 issuance

	New Long-Term Incentive Plan featuring: 50% of total variable compensation for Group CEO and GM LTI perimeter broadening 20% ESG KPIs weight in LTI	Approved in October 2023. E
	Launch of the first Employee Share Ownership Plan to incentivize engagement and ownership at all levels	Launched
	Full adoption of Tax Control Framework for all the Group Italian banks	Full adoption