How we report
We started reporting on our commitment to contribute to society fourteen years ago through our Sustainability Report, published annually and approved by the Group’s Board of Directors. For the last three years we have also published an Integrated Report, which makes clear to all our stakeholders how sustainability underpins our business development and its results.
In 2018, the Group presented its value creation process in the long term in the 2017 Annual Integrated Report and Consolidated Financial Statements, in an organic way, connecting financial and non-financial information. This approach is in line with our Charter of Sustainability Commitments and with the goal of integrating sustainability into the business.
A number of functions across the company have collaborated in defining and implementing a common reporting approach. The Integrated Report contains a Consolidated Non-Financial Statement in compliance with Legislative Decree no. 254 of 31 December 2016 implementing Directive 95/2014/EU on the “disclosure of non-financial and diversity information by certain large undertakings and groups”. The Statement includes certain non-financial information, previously in the Sustainability Report, and identified through a specific materiality process. Additional non-financial information previously contained in the Sustainability Report will be made available on the Group website, informing our stakeholders of our commitments, actions and performances in the social and environmental spheres, which also underline our support for the United Nations Sustainable Development Goals.
In 2014 we launched a process to identify the most important issues on which to concentrate our attention and efforts, in line with the GRI-G4 guidelines. This activity enabled us to define the materiality matrix, which pinpoints material aspects that can have a significant economic, social and environmental impact on the Group’s activities and which, influencing the expectations, decisions and actions of stakeholders, are perceived as relevant by the latter.
We report in line with the core principles of balance, comparability, accuracy, clarity, timeliness and reliability, and identify our stakeholders according to the AA1000 standard. In our Annual Integrated Report we also reference selected GRI Standards from GRI Sustainability Reporting Standards, issued in 2016 by GRI (Global Reporting Initiative), as well as indicators from GRI G4 Financial Services Sector Disclosures. We also publish a GRI Content Index in accordance - core option, which gives an overview of our sustainability reporting both in the Annual Integrated Report and on our website.
DATA AND INFORMATION
The information and data mainly refer to the year that ended on 31 December 2017. To guarantee the comparability of the most significant indicators over time and to enable readers to compare our results, the current values are compared against those of the previous period using graphics and tables.
The information refers to the Group’s consolidation scope. Where this is unavailable, it refers to the scope specified.