Sustainability Statement

The Sustainability Statement was prepared at the consolidated level in accordance with the ‘European Sustainability Reporting Standards – ESRSs’. This report is included in the Report on Operations.

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General information
Environment
Social
Governance

General information

The report describes the group’s strategy in the area of sustainability and the results achieved in the D.O.E.S. Business Plan that has come to an end; the report includes the impacts, risks and opportunities that we consider relevant in the area of E-S-G that emerged from the double materiality analysis. Our commitment translates into a disclosure in the three areas of environmental, social and governance, in which we detail the main policies and management methods, targets, relevant initiatives and significant metrics.

In each of these dimensions, we take a structured and integrated approach. On the environmental side, we work to strengthen resilience to climate and environmental risks and drive the transition to low emissions by setting specific reduction targets. In the social field, we promote inclusion and value people throughout the value chain with concrete initiatives. In governance, we build a culture that focuses on ethics and transparency, supported by control systems and incentives linked to regulatory compliance. It is a model that combines sustainability and value creation.

Double materiality results

The findings of the double materiality analysis showed that, for each ESRS and related sub-topic, relevant risks, opportunities and impacts were identified in terms of impact materiality and financial materiality, for own operations and for the value chain over different time horizons.

In particular, for the environmental dimension, E1 – Climate Change was detected material for both own operations and the value chain over a medium- to long-term horizon, while E4 – Biodiversity and Ecosystems was detected material only for the value chain, again over a medium- to long-term horizon.

As concerns the social dimension, S1 – Own workforce, was identified as material only for own operations, over a medium-term horizon, while S2 – Workers in the value chain, S3 – Affected communities and S4 – Consumers and end-users, were identified as material for the value chain over a medium-term horizon (which also includes the long term for S4).

Finally, with reference to the governance dimension, G1 – Business Conduct, was material only with reference to own operations over a short to medium-term time horizon.

Environment

We have adopted environmental policies aimed at reducing the direct and indirect impacts of our activities, integrating sustainability principles into our business processes and strategic decisions.
We also developed a resilience analysis with respect to environmental risks, which guided us in defining a Transition Plan with concrete strategies to decarbonise the credit portfolio and actions for energy efficiency. Our priority objectives include the reduction of emissions – both direct and related to the financed portfolio – and the preservation of biodiversity, confirming a solid and long-term environmental commitment.

Policies

ESG Policy

Describes the Group’s ESG commitments and the guidelines it applies in the area of sustainability, consistent with the principles and values set out in the Group’s Code of Ethics.

Environmental Policy

Describes the Group’s environmental commitments, with particular reference to direct environmental impacts.

Credit Policy

Describes the principles and guidelines that the Banca Ifis Group intends to apply in granting credit, including any ESG considerations on counterparties.

Actions and metrics

Energy transition and Decarbonisation

100% energy from renewable sources for Italian owned sites
New 180Kwp photovoltaic plant (Mondovì site)

Sustainable mobility

57 electric vehicle charging points installed at company premises
Financial products for sustainable mobility and energy efficiency

Biodiversity and ecosystem protection

Protection of biodiversity within the 22-hectare Villa Fürstenberg Sculpture Park, which includes more than 3.400 trees

Targets

Own emissions

Reduction of Scope 1 emissions by 10% by 2030

Financed emissions

Cars: from 130 to 85 gCO₂e/km by 2030
Trucks: from 52 to 37 gCO₂e/tkm by 2030
Auto manufacturers: from 153 to 85 gCO₂e/km by 2030

Social

We are committed to respecting universally recognised human rights, which we consider an essential pillar of our sustainability strategy. With this in mind, we take action every day to protect and promote diversity and inclusion, to ensure the health and safety of Ifis People and to enhance their growth and development, integrating these commitments into the management of our activities and in our dialogue with employees and stakeholders. In this way, we reinforce an ethical and responsible approach that guides us in every area of operation.