Sustainability governance
To be able to effectively pursue our sustainability objectives, we have created solid governance and effective internal management tools.
The Board of Directors has tasked the General Manager with supervising sustainability activities and the actions to be implemented and monitored, with the support of the management ESG Committee, to ensure that the Bank is correctly positioned on these issues in its various reference areas. The Chief Executive Officer also holds the position of General Manager.
On 19 September 2019, the Board of Directors adopted a resolution approving the institution of a Board Sustainability Committee, to have responsibility for preliminary analysis of sustainability issues and drafting proposals to be submitted to the Board’s attention. At a Board meeting held on 5 November 2025, the Directors of Mediobanca established a Risks and Sustainability Committee.
The Risk and Sustainability Committee monitors, advises and supports the Board of Directors with respect to risk management and ESG risks (with a particular focus on climate and environmental risks), and the internal control and accounting/reporting model; instructive duties on sustainability matters to be submitted to the Board of Directors.
With regard to Sustainability matters, Committee with consultative, instructive duties to be submitted to the Board of Directors.
These include the Management ESG Committee, which oversees social responsibility issues and ensures Mediobanca is positioned correctly on these issues. This Committee is responsible for:
- Defining the Sustainability Policies, and expressing its prior opinion on plans to reduce the portfolio’s carbon footprint and on sector objectives;
- Supervising activities aimed at preparing the Sustainability Report, including updating the Double Materiality analysis; – Choosing the solidarity initiatives and the budget for them, and monitoring their progress;
- Assessing products which, because of their characteristics, enhance the offering in terms of ESG products, and expressing a prior opinion on PAI (“Principal Adverse Impact”) reduction targets for individual portfolio management services.
Group Sustainability oversees sustainability-related activities and the management of social responsibility issues, including the definition of ESG strategies, ensuring the Bank is positioned correctly in the various reference areas.
The Mediobanca Group updated its Group Sustainability Policy, adopted some management tools that allow us to circulate and promote a culture geared towards ethics, integrity and sustainability of the business, not just internally, but also along the entire chain of value.
The Sustainability Policy, adopted with the aim of formally defining the group's commitment in non-financial areas, complements the numerous instruments already in place to guarantee the ethics and integrity of the business, such as the Code of Ethics, the Code of Conduct and the Organizational Model instituted pursuant to Italian Legislative Decree 231/01, reinforcing the principles laid down in them.