Page 28 - Consolidated Non Financial Statement

Banca Ifis

| 2020 Consolidated Non-Financial Statement
2.1 The 2020 materiality analysis

According to the principle of “materiality”, the topics potentially relevant for the purposes of non-financial reporting are
those that reflect the economic, social, and environmental impacts of an organisation and/or can substantively influence
the decisions of its stakeholders .
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2020 has been characterised by the crisis connected with the spread of the COVID-19 pandemic. Aware of the
possible impact on people’s everyday lives and economic business, the Banca Ifis Group immediately acted to address
the phenomenon, taking initiatives to protect employees and support customers.

Considering the close link between what the Group considers to be material topics and the medium-term
corporate strategy, as well as the instability of the macroeconomic context, for FY 2020, the Group intends to
confirm the materiality matrix identified in 2019, thereby guaranteeing the consolidation of the indicators reported
and a timely comparison of performance with the previous year, thus protecting the transparency of information in
addition to the impacts of the COVID-19 pandemic on the non-financial performance of the Banca Ifis Group.

The process carried out in 2019 to update the materiality analysis was pursued with the aim of satisfying the demands
of the GRI Standard and the regulatory indications, first and foremost as set out in Italian Legislative Decree no. 254/2016
and the European Commission Communication “Guidelines on non-financial reporting” (2017/C 215/01).

The materiality analysis was divided into four stages:

• identifying material topics;
• prioritisation of the topics identified;
• definition of the materiality matrix;
• validating the materiality matrix.

Identifying material topics
[GRI 102-49]
For the 2020 materiality analysis, the topics identified as “potentially relevant” during 2019, were confirmed. These can
be traced - as for the previous year - back to six macro areas, of which five coincide with those required by 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 potentially material to assuring the understanding of the Group’s
business by its stakeholders. Finally, the topics are related to Banca Ifis's four sustainability pillars, which correspond to
the subsequent sections of this statement.

Topic prioritisation
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.

The GRI Sustainability Reporting Standards also suggest considering a combination of internal and external factors
when assessing the relevance of the different topics, and recommend several “materiality tests” to take into account.

In line with these references, in order to prioritise the potentially material topics and identify those to be addressed in
the Non-Financial Statement, different types of data have been collected in order to assess two dimensions of
relevance (internal and external). In particular:

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