1.2 Scope of reporting

Completeness: the issues reported on, and the scope of the Statement, enable stakeholders to make a full judgement of the Group’s principal social and environmental impacts.

Balance between positive and negative aspects: the Statement presents both aspects in which the Group shows positive results and trends, and areas which reflect margins for further improvement.

Comparability: the indicators have been used in such a way as to allow results to be constructed and reconstructed over time, enabling them to be monitored on an ongoing basis.

Accuracy: the reporting has been based on data recorded directly, limiting the use of estimates as far as possible.

Timeliness: the Statement is prepared annually and published at the same time as the consolidated financial statements.

Reliability: all the data and information shown have been validated by the heads of the relevant company units and have been processed on the basis of substantiated evidence which is sufficient to prove the existence, completeness and accuracy of such data and information.

Clarity: the Statement contains information presented in a way that is understandable and accessible to all the organization’s range of stakeholders.

1.2 Scope of reporting

[GRI 102-10], [GRI 102-45], [GRI 102-47], [GRI 102-48], [GRI 102-49], [GRI 102-50]

The qualitative and quantitative data and information contained in the Statement refer to the performances by the Mediobanca Group in the financial year ended 30th June 2022. As provided by Article 4 of Italian Legislative Decree 254/16, the scope of reporting for the CNFS covers virtually the entire consolidated financial statements for FY 2021-22.1

Companies with no employees or which are not operative or in liquidation are excluded from reporting non-financial data.

The following developments which have occurred during the reporting period should be noted:

Acquisition of the Bybrook group by Group Legal Entity Cairn Capital Group Limited;

Incorporation of RAM UK (not yet operative), 100%-owned by RAM GVA;

Incorporation of SPV CMB Real Estate Development SAM, owned as to 40% by Mediobanca and as to 60% by CMB MONACO;

Incorporation of Revalea S.p.A., 100%-owned by Compass;

Removal of Group Legal Entity Ricerche e Studi from the Companies’ Register in July 2021.