Slide 1: ESG Investor Presentation
ESG INVESTOR PRESENTATION BORSA ITALIANA SUSTAINABILITY CONFERENCE JUNE 2021
Slide 2: Contents
CONTENTS AREAS OF FOCUS Our Vision: 3-8 Business and Sustainability Overview To Be the 9-12 Clients and Sustainable Investments No.1 Private Bank Our People - Financial Advisors 13-14 unique by Value of 15-18 Our People - Employees Service, Innovation 19 Digital Strategy and Sustainability 20-21 Sus
Slide 3: Banca Generali's Financials in a Nutshell
BANCA GENERALI’S FINANCIALS IN A NUTSHELL KEY FACTS & FIGURES Vision, Mission and Purpose Key financial numbers, 2020 VISION To be the No. 1 private bank, unique by value of Service, AUM €74.5 Net Profit €274.9 TCR 18.4% Innovation and Sustainability bn bn MISSION Trusted professionals always by the
Slide 4: Banca Generali's Sustainability Evolution
BANCA GENERALI’S SUSTAINABILITY EVOLUTION TIMELINE 2017 2018 2019 2020 2021 Establishing Sustainability as a core part Heightened 400 BG 2019-2021 Business COVID response: Best Financial of decision-making aligning corporate Sustainability employees Plan with an increased 92% of employees Advisor po
Slide 5: 2021 Materiality Matrix
2021 MATERIALITY MATRIX IDENTIFYING KEY MATERIAL ISSUES KEY TAKEAWAYS Governance of Business Sustainability Continuity Our 2020 materiality analysis identifies 11 Innovation of Development of Sustainable material issues, 10 of Human Capital Products which had already been identified in previous ye
Slide 6: Banca Generali's Sustainability in a Nutshell
BANCA GENERALI’S SUSTAINABILITY IN A NUTSHELL SUSTAINABILITY PERFORMANCE & FOCAL POINTS Our Governance of Sustainability The Board of Directors, with the advice of the Nomination, Governance and Sustainability Committee, sets the sustainability strategy of the Group. The implementation of the stra
Slide 7: Sustainability Continues to Drive Our Business
SUSTAINABILITY CONTINUES TO DRIVE OUR BUSINESS KEY DATA TRENDS ESG Growth Managing Asset Growth Financials1 ESG Ratings Managed ESG Assets, % ESG Assets under management Global Value Added MSCI Scores assets on total products (€ billion) (€ million) on a scale from CCC to AAA 10% Target for 2021 13.
Slide 8: ESG Rating and Relevant Initiatives
ESG RATING AND RELEVANT INITIATIVES SUSTAINABILITY CREDENTIALS on a scale from CCC to AAA Rating Corporate Governance: 1 24.3 Environment: 2 Medium Risk Agencies BBB 26th subindustry percentile Social: 1 (Quality Score Badge) As of May 2021 As of April 2021 As of June 2021 Full Investment Grade
Slide 9: Delivering for Our Clients
DELIVERING FOR OUR CLIENTS CARING FOR OUR CLIENTS’ BEST INTERESTS Client growth Knowing our clients PROTECTING Banca Generali is launching an enhanced individual client profiling CLIENT DATA 7.7% process as part of MIFID II client sustainability preferences beside: Knowledge and experience of prod
Slide 10: Sustainability for Banca Generali: Responsible Investments
SUSTAINABILITY FOR BANCA GENERALI RESPONSIBLE INVESTMENTS % of ESG products2 on Managed ESG Integration Alignment to the SFDR1 and EU Taxonomy Solutions Company exclusions: Banca Generali is in the process of labelling its 13,0% Violation of the UN Global financial products according to SFDR’s Art
Slide 11: Clients of Banca Generali Have an ESG Focus
CLIENTS OF BANCA GENERALI HAVE AN ESG FOCUS MEASURING IMPACT ACCORDING TO THE SDGS Based on our proprietary ESG platform we can analyse the positive impact of our clients’ sustainable investments, and which SDGs clients focus on. Our clients’ sustainable investment feats in 2020: Our clients have ac
Slide 12: Wealth Management Approach
WEALTH MANAGEMENT APPROACH INVESTMENT OPTIONS & ADVANCED ADVISORY Real estate Financial assets Assets under Advanced Open architecture Advisory* (€bn) Advisory and % of total assets In-house funds Valuation Bespoke financial 8.1% Agency & insurance solutions Banking platform 6.8% Famil
Slide 13: Our People – The FA Network
OUR PEOPLE – THE FA NETWORK FINANCIAL ADVISORS Overall <35 Year Old 2,087 financial advisors Male 82% 70% +2.3% since 2019 Female 18% 30% 149 customers per FA €35.1m AuM per FA +2 since 2019 + €2.3m since 2019 54h average training Offices 170 hours by FAs Branches 46 MIFID 2, anti-money laundering &
Slide 14: Training for Financial Advisors
TRAINING FOR FINANCIAL ADVISORS ONGOING FOCUS ON TRAINING Double edged training strategy Average training for FAs Which dropped primarily due to in- Training for FAs is organised into two areas: managerial training in support of FAs, person events being cancelled and technical/commercial training wh
Slide 15: Our People - The Employees
OUR PEOPLE - THE EMPLOYEES BG PEOPLE IN A NUTSHELL 962 people Male 51% +12 since 2019 Female 49% Italy 94% Average age 45 Abroad 6% Senior Managers 7% Middle Managers 33% Almost 49,000 training hours Average of 51 hours per employee Employee 60% SUSTAINABILITY Our People are one out of five pillars
Slide 16: Our People: Diversity & Inclusion
OUR PEOPLE DIVERSITY & INCLUSION 2020 Remuneration ratio: Women vs. Men1 Focuses of our D&I programme Women Average Percentage Pay vs. Men (=100%) FOCUS ON THE AGE/GENERATIONS THEME 97% Inter-functional projects aimed at knowledge sharing 76% 81% and mentoring programmes to promote intergeneration
Slide 17: Our People: Training Activity
OUR PEOPLE TRAINING ACTIVITY 52 53 48,805 51 49 48 Key Training training hours Figures in 2020 Managers Executives Employees Women Men (vs 48,021 hrs in 2019) Avg training hours by Avg training hours by role gender Key training subject goals Key training projects MANAGERIAL AND BEHAVIOURAL SKILLS
Slide 18: Our People: Employee Performance, ESG Champions & Welfare
OUR PEOPLE EMPLOYEE PERFORMANCE, ESG CHAMPIONS & WELFARE INITIATIVES Employee benefits and welfare Goal setting INDUSTRY LEADING HEALTHCARE BENEFITS Expense reimbursements for employees or their Individual Performance dependent family members. Development appraisal In 2020 Plan 99% of “PURE” WELFA
Slide 19: Digital Strategy
DIGITAL STRATEGY ENHANCED DIGITAL TOOLS FOR FAS & CLIENTS Wealth advisory portal (BGPA) with a comprehensive view on financial and non-financial wealth (real-estate, corporate, succession planning, family protection, art advisory) IT solution dedicated to AuC investments with the aim of supporti
Slide 20: Governance and Sustainability Focus within the Board
GOVERNANCE AND SUSTAINABILITY FOCUS WITHIN THE BOARD RESPONSIBILITY FOR SUSTAINABILITY OVERSIGHT Board of Directors Capital-focused competencies of board members Agile structure: 9 members (1 executive (CEO) only) Board competencies relating to the 6 asset types Name Role as stated by the Internat
Slide 21: Sustainability Embedded within Remuneration
SUSTAINABILITY EMBEDDED WITHIN REMUNERATION LINK TO SUSTAINABILITY PERFORMANCE LTI remuneration best practice: a) ESG component b) paid in shares. c) 2:1 cap on variable to fixed remuneration for CEO and other selected roles. d) shares in variable remuneration subject to deferral, retention, and per
Slide 22: Environmental Impact
ENVIRONMENTAL IMPACT FOCUS ON CLIMATE 2020 Environmental 2019-2020 GHG EMISSION Performance BREAKDOWN Other (paper, waste, water) 1,330 2% tCO2eq Mobility (Scope 1, 2 & 3) 5% Vs 1,403 tCO2eq in 2019 Electrical power 100% 46% 1,330 Heat ELECTRICITY 27% tCO2eq Emissions from renewable sources* -74% Na
Slide 23: Community Projects
COMMUNITY PROJECTS IMPROVING THE LIVES OF OTHERS Community involvement "O-Fire" Observatory ("Impact finance and its economic Milano Art Week (Sept 2020): main partner to implications"), partnership with the Bicocca University of Milan the Milano Art Week, the week of special art and AIFI, the I
Slide 24: Sustainability & Governance Policies
SUSTAINABILITY & GOVERNANCE POLICIES KEY DOCUMENTS SUSTAINABIL RESPONSIBLE RESPONSIBLE RESPONSIBLE ANTI-MONEY RULES OF RULES OF RULES FOR -ITY INVESTMENT INVESTMENT INVESTMENT LAUNDERING & CORPORATE INTERNAL SELECTION OF CHARTER & POLICY POLICY POLICY TERRORISM COMMITTEES GOVERNANCE & EXTERNAL POLIC
Slide 25: Staying in Touch
STAYING IN TOUCH ESG PRIORITY CONTACTS Banca Generali S.p.A. Giuliana Pagliari Piazza Tre Torri, 1 Head of Investor Relations 20145 Milano, Italy giuliana.pagliari@bancagenerali.com bancagenerali.com/ Carmelo Reale General Counsel & Head of Sustainability carmelo.reale@bancagenerali.com 25
Slide 26: Legal Disclaimer
LEGAL DISCLAIMER BANCA GENERALI ESG PRESENTATION This document, created by Banca Generali S.p.A., shall under no circumstances constitute an offer of investment services or a recommendation or solicitation to invest. This document contains certain statements of future expectations and other forward-