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and product design

The values for the exposures refer to the Gross Carrying Amount as at 30 June 2022.

The exposures which go to make up the numerator of the “Proportion of exposures financing taxonomyeligible activities as compared to total assets” KPIs are as follows:

Exposures to financial counterparties obliged to publish non-financial information96, the Taxonomyeligible proportion of which97 has been identified with reference to the indicators reported in the counterparties’ respective FY 2021 Non-Financial Statements;

Exposures to non-financial counterparties obliged to publish non-financial information98, the Taxonomy-eligible proportion of which has been identified with reference to the turnover- and capexbased KPIs reported in the counterparties’ respective FY 2021 Non-Financial Statements;

Loans to householdse99 secured by mortgages over residential properties and loans granted to renovate buildings or homes;

Exposures to local public entities100 in order to finance public residential building or other types of financing for which the use of proceeds is one of the economic activities listed in the Climate Delegated Act;

Properties used as collateral, commercial and residential, recovered or held for sale.

It should also be noted that for loans and financing to financial and non-financial counterparties, all exposures for the first year of application have been treated as “general lending”; the eligible percentage therefore relates to the counterparty and not to the projects and/or assets involved in specialized lending.

12.3 Taxonomy Regulation in the Mediobanca Group’s corporate strategy and product design

The Mediobanca Group, aware of the material direct and indirect impacts it has, and as proof of its commitment to incorporate sustainability into its industrial and financial strategies, has included qualitative and quantitative sustainability objectives in its 2019-23 Strategic Plan to contribute to achieving six of the 17 Sustainable Development Goals (SDGs): SDG 4 – Quality education, SDG 5 – Gender equality, SDG 8 Decent work and economic growth, SDG 11 – Sustainable cities and communities, SDG 12 – Responsible consumption and production, and SDG 13 – Climate action.

Mediobanca’s determination to pursue ESG objectives, is further demonstrated by its application of the Green and Sustainable Bond Framework, which defines rules and procedures to identify eligible projects and initiatives. The framework is aligned with the Green Bond Principles (2021), the Social Bond Principles (2021) and the Sustainability Bond Guidelines (2021) issued by the ICMA (International Capital Market Association), and will also pursue, where feasible and on a best-efforts

96. The first step in identifying counterparties obliged to publish non-financial information was the list published by Consob, before other European counterparties meeting all the following conditions were also added: i) EU company; ii) listed company; iii) staff headcount > 500; iv) Total revenues > €40m, or alternatively Total assets > €20m. The final step was to include also other counterparties for which it was possible to establish their status as public interest entities. 97. The eligible proportion, where no distinction is made between turnover and capex, should be assumed to have been included in the calculation of the turnoverbased KPIs only. 98. See footnote 95. 99. The eligible proportion of individual exposures to private individuals has been used to compile both the turnover-based and the capex-based KPIs. 100. The eligible proportion of individual exposures to local public entities has been used to compile both the turnover-based and the capex-based KPIs.

basis, alignment with the technical standards laid down in the EU Taxonomy Regulation delegated acts and in any relevant future updates applicable from time to time, including any update to the regulations and/or new standards proposed by the EU authorities.

Numerous organizational and training initiatives have been implemented, to raise awareness and increase capabilities in ESG areas within the Group, including as follows:

The ESG Project, which in the Disclosure strand includes a specific focus on the Taxonomy Regulation, and which has been the starting point for more indepth reflections on the impact that the Regulation will have on the Group’s business;

The ESG Working Group, which reports to the management Sustainability Committee, includes members from various business and staff units, as well as representatives of the main Group Legal Entities. The Working Group itself is sub-divided into thematic sub-groups, namely Reporting, which is focused on quantifying and monitoring the financial KPIs for ESG products, and Business. The main task of the Business sub-unit is to factor ESG risks and opportunities into strategy, and the first concrete step in this direction was to prepare the Group ESG Catalogue, which is available on the official Mediobanca website,101 providing an overview of the whole range of sustainable products offered. The Working Group intends increasingly to incorporate the technical standards to be established in the EU Taxonomy Regulation delegated acts into definition of the ESG products included in the Catalogue.

Training: among the numerous initiatives that have been launched, mention should be made in particular of the cycle of training sessions on the Taxonomy Regulation organized for members of the Mediobanca CIB Debt Division.

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