Page 8 - Consolidated Non Financial Statement

Banca Ifis

| 2020 Consolidated Non-Financial Statement
Methodological background

1
Italian Legislative Decree no. 254/2016, which transposed Directive 2014/95/EU into Italian law, introduced the
requirement for large companies or groups and public-interest entities in Italy to disclose information relating to
2
environmental, social and employee-related matters, respect for human rights, and anti-corruption and bribery matters
that are material to each entity based on its business and characteristics.

These entities are required to prepare a Non-Financial Statement if they had more than 500 employees on average
during the financial year and, at the reporting date, exceeded at least one of the following limits: total balance sheet
exceeding 20 million Euro and/or total net revenue from sales and services exceeding 40 million Euro.

As a public-interest entity of a size that falls under the scope of said legislation, starting from the year 2017, the Banca
Ifis Group publishes a Consolidated Non-Financial Statement in accordance with Italian Legislative Decree no. 254/16.

This commitment represents the natural evolution of the route that led to the voluntary integration, starting with the
introduction to the 2016 Consolidated Financial Statements, of the corporate disclosure containing information on the
Group’s approach to sustainability.

The 2020 Non-Financial Statement is prepared on a consolidated level by the Parent Company Banca Ifis S.p.A. and
3
includes all fully consolidated companies falling within the scope of the Consolidated Financial Statements, with the
exception of those established/purchased in the approach to year-end, for which it has not been possible to promptly
4
and effectively organise the collection and reporting of non-financial information. More specifically, for Farbanca S.p.A. ,
acquired on 27 November 2020, the choice was made to start consolidating non-financial information as from FY 2021,
in line with the approach explained in Assonime Circular no. 13 of 12 June 2017 and in the 2018 Consob Regulation
20267.

This document also considers the Attention Note no. 1/21 of 16-2-2021 of Consob on the disclosure to be provided by
the companies that publish the 2020 Non-Financial Statement relative to the impact of the COVID-19 pandemic on non-
financial matters.

In the document, the terms “Banca Ifis”, “Bank” or “Parent Company” all refer to the company Banca Ifis alone, whilst
the terms “Banca Ifis Group” or “Group” refer to the entire scope of consolidation.

Any exceptions to the foregoing criteria shall be specified in the individual sections of the document and the GRI content
index.

Please see the Methodological Note in this document for more information on the reporting method, how indicators were
calculated, any assumptions made, and the preparation process for the 2020 Non-Financial Statement.

1 Directive 2014/95/EU, amending Directive 2013/34/EU as regards disclosure of non-financial and diversity information by certain large
undertakings and groups.
2 "Public-Interest Entities" means the entities set out in Article 16, paragraph 1, of Italian Legislative Decree no. 39 of 27 January 2010, that
is: Italian issuers of securities admitted to trading on regulated markets in Italy and the European Union; banks, insurance undertakings as
per Article 1, paragraph 1, letter u) of the Italian Code of Private Insurance; reinsurance undertakings as per Article 1, paragraph 1, letter cc)
of the Italian Code of Private Insurance with registered office in Italy, and the Italian branch offices of non-EU reinsurance undertakings as
per Article 1, paragraph 1, letter cc-ter) of the Italian Code of Private Insurance.
3 For a detailed list of the entities included in the scope of consolidation, please see part A - Accounting Policies in the Notes to the Consolidated
Financial Statements.
4 Employees of Farbanca S.p.A., which is excluded from the scope, account for 1,8% of all Banca Ifis Group employees.

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