BANCA GENERALI S.P.A. ESG Presentation 2024
To be the No. 1 private bank, unique by
value of service, innovation and sustainability
Banca Generali in a nutshell
ESG framework
ESG strategy and commitment
3
BANCA GENERALI AT A GLANCE
2023 Key financial data
Banca Generali stands apart within the Italian finance sector for the role
played in the financial advisory and wealth planning services
1 | One of the fastest-growing asset gatherers in Europe1 and the | |
third player in the private banking space in Italy2 | ||
2 | Capital-lightbusiness model based on a network of more than | |
2,260 Financial Advisors ranked at the top of the industry3 | ||
by quality and productivity | ||
3 | Open banking and open architecture approach leveraging on | |
both in-house capabilities and the best partners over time | ||
4 | Listed on the Italian Stock Exchange since November 2006 and | |
owned by Assicurazioni Generali with a stake of 50.2% | ||
Tot. Assets | €92.8 | Net Profit | €326.1 |
bn | m | ||
TCR | 19.0% | Net Inflows | €5.9 |
bn | |||
Market cap4 €4.5 | Div. Yield5 5.6% |
bn |
Key commercial data
FAs | 2,260 | Branches | 52 |
Employees 1,065 | Clients | 349k |
3 NOTE: Data as of 31 December 2023; 1) Banca Generali estimates on last 10 years sector data; 2) Source: Magstat, based on last available data (end-2022); 3) Based on assets/FA comparison;
4) Source: Bloomberg, based on market price as of 24 June 2024; 5) Dividend yield based on the dividend deliberated on 2023 net income and market price as of 24 June 2024
4
OUR ESG AMBITION
V i s i o n
To be the No. 1 private bank, unique by Value of Service, Innovation and Sustainability
M i s s i o n
Trusted professionals always by the
Customers' side, developing and looking after their life plans
P u r p o s e
To protect and improve the lives of people and
businesses by enhancing the management of their
assets and savings
To be the ESG reference point
for all our Stakeholders
4
5
OUR ESG JOURNEY AND MAIN ACHIEVEMENTS
2009 - 2012 | 2013 - 2016 | 2017 - 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
First
sustainability
report published
in 2009
Oscar for financial reporting won in 2013 for the
transparency and
quality of the
economic, social
and
environmental
accounting
Heightened
Sustainability
focus of the
Nomination,
Governance &
Sustainability
Board Committee
Launch of new FA training platform BGLab
2019-2021
Business Plan
with an increased
focus on
sustainability
Launch of SDGs aligned investing platform
COVID response: 92% of employees working from home within 2 weeks.
100% business
continuity
Training &
Innovation Hub
Aligning
corporate policies in all management
committees
Responsible
Investment
strategy: finance,
investment &
banking
New 2022-2024 ESG Strategy
ESG training for all employees and
ESG upskilling
for specific
functions and
the BoD
Acquisition of a
9.8% interest in the
ESG rating and
advisory company
MainStreet
Partners
Launch of BG
Sustainable
Advisor, a new FA professional identity with a distinctive ESG focus
Adhesion to the
UN Global Compact
Start of engagement and voting activities
post Active
Ownership Policy adoption in 2023
Establishment of the
Sustainability and
Innovation
Committee
FIRST STEPS | AWARENESS | INTEGRATION | ENABLER | STRATEGIC DRIVER | |||||
EVOLVING ROLE OF SUSTAINABILITY | |||||||||
5
To be the No. 1 private bank, unique by
value of service, innovation and sustainability
Banca Generali in a nutshell
ESG framework
ESG strategy and commitment
7
OUR SUSTAINABILITY FRAMEWORK
Sustainability Strategy
Clients & FAs
Shareholders & Authorities
Employees
Community & Future Generations
7
Corporate Governance
Focus on Board of Directors
Independent
Auditors
Board of Statutory
Auditors
Internal
Audit
Compliance
& AFC
Risk Management
Shareholders
Meeting
Chairman
Board of
Directors
CEO & General Manager
Management
Board of
Committees
Sustainability &
Innovation
Committee
Nomination &
Governance
Committee
Internal Audit & Risk Committee
Remuneration
Committee
Credit Committee
Agile structure: 9 members, of which 1
executive (CEO only)
66% independent Board members
44% less represented gender
Split roles for Chair and CEO
International profiles and leading roles
8 NOTE: Data as of AGM of 18 April 2024
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SUSTAINABILITY BY DESIGN
RESPONSIBILITY FOR SUSTAINABILITY OVERSIGHT
Disclosure
Materiality
Oversight and Implementation of Sustainability | Sustainable Governance milestones | |
Hybrid organisational model1
ESG initiatives delivered throughout various bank departments and across the Group, coordinated by a dedicated structure - Banking Group Sustainability - within the General Counsel and Sustainability Area
General Counsel and Sustainability | |
2018 | Area responsible for sustainability |
matters | |
Advise on
ESG matters
Board of
Committees
Sustainability &
Innovation Committee
Nomination &
Governance Committee
Internal Audit & Risk
Committee
Remuneration
Committee
Credit
Committee
Sets
ESG strategy
Board of Directors
Implement
ESG strategy
Executive
Committee
Banking Group Sustainability
2021
2022
2024
Sustainability integrated in the
Managing Committee and in all Board Committees
Articles of Association integrated to expressly acknowledge the consideration by the Board of Directors of sustainable development
when defining corporate strategies
Sustainability and Innovation Committee, established in April, has investigative, advisory and propositional functions, in support of the Board of Directors, on sustainability and innovation.
9 NOTE: Data as of AGM of 18 April 2024; 1) Definition in light of the Bank of Italy's supervisory expectations for climate-related and environmental risk.
Antonio Cangeri
Chairman
Birth date: 18.06.1966
Gian Maria Mossa
Chief Executive Officer and
General Manager
Birth date : 08.11.1974
Skills: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17
Azzura Caltagirone
Non-executive Director
Birth date : 10.03.1973
Skills: 1, 3, 4, 7, 10, 11, 13, 14, 16, 17
Lorenzo Caprio
Independent, Non-executive Director
Birth date : 19.11.1957
Committees:
Skills: 1, 2, 3, 4, 5, 6, 7, 8, 10, 13, 14, 15, 17
Paolo Ciocca
Independent Director
Birth date : 17.04.1963
Committees:
Skills: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17
Skills: 1, 2, 3, 4, 5, 6, 7, 8, 10, 13, 14, 15, 16, 17
Legend
Alfredo Maria De Falco
Independent, Non-executive Director
Birth date: 17.03.1971
Committees:
Skills: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17
Anna Simioni
Independent Director
Birth date: 27.02.1963
Committees:
Skills: 1, 2, 3, 4, 5, 6, 7, 8, 14, 15, 16
Cristina Zunino
Independent Director
Birth date: 13.07.1972
Committees:
Skills: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17
Roberta Cocco
Independent, Non-executive Director
Birth date : 01.06.1966
Committees:
Skills: 1, 3, 4, 6, 8, 9, 10, 11, 12, 13, 14, 15, 16
Sustainability & Innovation Committee
Nomination & Governance Committee
Internal Audit & Risk Committee
Remuneration Committee
Credit Committee
1 | Financial Markets | 7 | Banking and financial activity and products |
2 | Banking and financial sector regulations | 8 | Accounting and financial reporting |
3 | Guidance and strategic planning | 9 | IT |
4 | Organisational structures and | 10 Experience and knowledge of the fields | |
Corporate governance | of reference in which the Bank operates | ||
5 | Risk Management | 11 Knowledge of digital, innovation, | |
6 | Internal control systems | fintech and alternative investment issues |
12 Knowledge of digital, ICT and/or cybersecurity issues
13 Understanding of the global dynamics of the economic/financial system
14 Business strategy and model
- ESG
-
Human Capital/Resources
17 Knowledge of the credit field
10 NOTE: Data as of AGM of 18 April 2024
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Disclaimer
Banca Generali S.p.A. published this content on 25 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 June 2024 13:24:13 UTC.
