Page 112 - Consolidated Non Financial Statement

EY S.p.A. Tel: +39 045 8312511
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37126 Verona ey.com

Independent auditors’ report on the consolidated disclosure of non-
financial information in accordance with Article 3, par. 10, of Legislative
Decree 254/2016 and with Article 5 of CONSOB Regulation adopted
with Resolution n. 20267 of January 2018
(Translation from the original Italian text)

To the Board of Directors of
Banca Ifis S.p.A.

We have been appointed to perform a limited assurance engagement pursuant to Article 3, paragraph
10, of Legislative Decree 30 December 2016, n. 254 (hereinafter "Decree") and article 5 of CONSOB
Regulation adopted with Resolution 20267/2018, on the consolidated disclosure of non-financial
information of Banca Ifis S.p.A. and its subsidiaries (hereinafter the "Group") for the year ended 31
December 2020 in accordance with article 4 of the Decree approved by the Board of Directors on 11
March 2020 (hereinafter "DNF").

Responsibilities of Directors and Board of Statutory Auditors for the DNF
The Directors are responsible for the preparation of the DNF in accordance with the requirements of
articles 3 and 4 of the Decree and the “Global Reporting Initiative Sustainability Standards” published in
2016 by GRI - Global Reporting Initiative (hereinafter “GRI Standards”) identified by them as a
independent reporting methodology.

The Directors are also responsible, within the terms provided by law, for that part of internal control
that they consider necessary in order to allow the preparation of the DNF that is free from material
misstatements caused by fraud or not intentional behaviors or events.
The Directors are also responsible for identifying the contents of the DNF within the matters mentioned
in article 3, par. 1, of the Decree, considering the business and the characteristics of the Group and to
the extent deemed necessary to ensure the understanding of the Group’s business, its performance, its
results and its impact.

The Directors are also responsible for defining the Group's management and organization business
model, as well as with reference to the matters identified and reported in the DNF, for the policies
applied by the Group and for identifying and managing the risks generated or incurred by the Group.

The Board of Statutory Auditors is responsible, within the terms provided by the law, for overseeing the
compliance with the requirements of the Decree.
Auditors’ independence and quality control

We are independent in accordance with the ethics and independence principles of the Code of Ethics for
Professional Accountants issued by the International Ethics Standards Board for Accountants, based on
fundamental principles of integrity, objectivity, professional competence and diligence, confidentiality
and professional behavior. Our audit firm applies the International Standard on Quality Control 1 (ISQC
Italia 1) and, as a result, maintains a quality control system that includes documented policies and
procedures regarding compliance with ethical requirements, professional standards and applicable laws
and regulations.

EY S.p.A.
Sede Legale: Via Lombardia, 31 - 00187 Roma
Capitale Sociale Euro 2.525.000,00 i.v.
Iscritta alla S.O. del Registro delle Imprese presso la C.C.I.A.A. di Roma
Codice fiscale e numero di iscrizione 00434000584 - numero R.E.A. 250904
P.IVA 00891231003
Iscritta al Registro Revisori Legali al n. 70945 Pubblicato sulla G.U. Suppl. 13 - IV Serie Speciale del 17/2/1998
Iscritta all’Albo Speciale delle società di revisione
Consob al progressivo n. 2 delibera n.10831 del 16/7/1997
A member firm of Ernst & Young Global Limited