Page 108 - Consolidated Non Financial Statement

Banca Ifis

| 2020 Consolidated Non-Financial Statement
[GRI 102-46]

[GRI 102-48]
[GRI 102-50]
[GRI 102-51]
[GRI 102-52]
[GRI 102-53]
Reporting process and calculation methods
As for the process, the business functions and the main Business Areas have been involved in both identifying the topics
to focus the reporting on and gathering the qualitative and quantitative data necessary to prepare the Statement.
Information was gathered through a centralised process as part of which Banca Ifis's functions consolidated the data
received from all subsidiaries under the supervision of the Finance function.

The Non-Financial Statement is prepared annually and includes a comparison with the information provided in previous
years. The report refers to the period from 1 January 2020 to 31 December 2020 (the last report was published in March
2020).

The data is sourced from accounting and non-accounting records as well as the other IT systems in use at the competent
functions, and validated by the relevant department heads. No revisions of data supplied in previous reports are
recorded.

[GRI 102-4]
The Group mainly operates in Italy; internationally it is present in Romania and Poland. Due to the concentration of
34
business on a national level , the data in the document is not presented with a breakdown by geographic area where
required by GRI Standards.

The Non-Financial Statement is audited only to a limited extent by an independent auditor, EY S.p.A., which audits also
the Banca Ifis Group's financial statements.

For information about the contents of the Non-Financial Statement, please contact: comunicazione@bancaIfis.it

Materiality analysis method
The materiality analysis was based on the methodological references set out in the GRI 2016 Sustainability Reporting
Standards and the Communication no. 2017/C 215/01 from the European Commission (“Guidelines on non-financial
reporting”). In addition, the Group also considered the GRI's Financial Services Sector Supplement and the Guidelines
issued by the Italian Banking Association (ABI, Associazione Bancaria Italiana) on the application of the GRI's indicators
and the Social Reporting Standards of the GBS Association (Gruppo di Studio per il Bilancio Sociale) to the bank.

For the purpose of the 2020 materiality analysis, the topics identified as “potentially relevant” in 2019, have been
confirmed. The topics were divided into six macro-areas, of which five match those set out in Italian Legislative Decree
no. 254/2016. The sixth area, which concerns “business topics”, includes the topics that, although not expressly required
by the Decree, were found to be material to assuring the understanding of the Group’s business by its stakeholders.

According to the European Commission's “Guidelines on non-financial reporting”, each company assesses, among the
topics potentially material to its business, which ones are relevant for the purposes of non-financial disclosure, based
on its analysis of how important that information is in understanding its development, performance, position, and impact.
This relevance assessment should take into account internal and external factors .
35

34 For GRI 102-8, 401-1 and 205-2, no breakdown is given of the data by geographic area insofar as operations are mainly concentrated in
Italy with employees abroad accounting for 1,7% of the total.
35 Communication 2017/C 215/01 “Guidelines on non-financial reporting”, European Commission, 2017

100