With over 15 years of experience in sustainability disclosure , and with the aim of integrating ESG aspects into our business model, since 2018 we have included a Sustainability Report in the Directors' Report on Operations within Banca Generali's Consolidated Financial Statements, hereinafter the Annual Integrated Report.
The Sustainability Report, also known as “Sustainability Statement”, has been prepared in compliance with the Corporate Sustainability Reporting Directive (CSRD) and in accordance with the European Sustainability Reporting Standards (ESRS) and the requirements of the European Taxonomy Regulation.
The Sustainability Statement is structured into four sections: general, environmental, social, and governance. Each section describes the policies adopted, the initiatives undertaken, and the related objectives for each of the topics identified as 'material' from the Double Materiality Analysis.
The material topics for the Banking Group are:
- climate change (mitigation and adaptation);
- enhancement of human capital (employees and financial advisors), cybersecurity and data protection, and the quality of information;
- corporate culture (active and passive corruption, business conduct, protection of whistleblowers);
- wealth protection and value of service
The Sustainability Statement, included in the Annual Integrated Report, has been audited by the independent auditing firm KPMG S.p.A., which performed a limited assurance engagement.
Our focus on transparency in disclosure and the communication of our ESG performance allows specialized rating agencies to evaluate our sustainability journey. The results of these analyses serve as an important reference for our continuous improvement.
