Page 96 - Consolidated Non Financial Statement

Banca Ifis

| 2020 Consolidated Non-Financial Statement
6.3 Direct environmental impacts

Policies and other reference documentation
• Group Environmental Policy
• Code of Ethics
• Integrated Safety and Environment Manual

The Banca Ifis Group endeavours to disseminate and consolidate a culture of environmental protection, promoting
responsible practices, providing adequate information and training, and requiring employees to report any deficiencies
or failures to comply with applicable regulations in a timely manner.

All employees must fully and substantially comply with legal provisions concerning the environment, as set out in the
Code of Ethics and the Group Environmental Policy. To this end, each employee shall carefully assess the
environmental consequences of how they conduct themselves in the discharge of their duties in terms of resources
consumed as well as emissions and waste generated.

As part of the implementation of the Organisational Model pursuant to Italian Legislative Decree no. 231/01 and in order
to prevent criminal offences, Banca Ifis, and all the Group subsidiaries, have adopted the “Integrated Safety and
Environment Manual” (originally issued in 2009 and most recently updated in 2019), as approved by the respective
Boards of Directors. The Manual is regularly updated by incorporating:

• changes to applicable laws;
• changes in the Group's structure and the positions responsible for the environment and safety.

The Manual brings together all the procedures for managing environmental (as per Italian Legislative Decree no. 152 of
3 April 2006) and health and safety aspects. The responsibility for explaining, spreading awareness of and promoting
the essential principles and criteria on environmental protection for the prevention of environmental crimes, like the
Environmental Policy, lies with the Employer. Verification of the correct incorporation of its principles, by means of the
application of the Manual procedures, is the responsibility of the Safety, Environment and Real Estate Projects Service
within the General Services Department. The Group manages the impacts generated by its operations in accordance
with the Integrated Manual and applicable laws.

The most material direct environmental impacts are the electricity consumed for air-conditioning and to power office
equipment, the natural gas consumed for heating, and the emissions generated by the Group's vehicle fleet. In 2020, a
clear reduction in consumptions and the related emissions was seen due to the activation of smart working and the
reduction of business transfers, due to the COVID-19 pandemic.

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