Sustainable Finance: objectives and results Responsible investments for sustainable growth.

By becoming a signatory of the PRI (Principles for Responsible Investment) and PSI (Principles for Sustainable Insurance), PosteVita and BancoPosta Fondi SGR affirm their commitment to pursue a socially responsible management activity in line with the Group’s strategy.  

• Guidelines for Investment in Sensitive Sectors BancoPosta Fondi SGR
• Guidelines For Exercising Voting Rights And Engagement Activity BancoPosta Fondi SGR
• Responsible Investment Policy of BancoPosta Fondi S.p.A. SGR     
• Poste Vita Group: Guidelines for the investment in sensitive sectors
• Guidelines on the exercise of voting rights and engagement activities of the Poste Vita Group
• Gruppo Poste Vita’s Responsible Investment Policy 
• Gruppo Poste Vita’s Responsible Insurance Policy

The incorporation of environmental, social and governance (ESG) criteria into traditional investment processes forms one of the cornerstones of the Company’s sustainability policies. By implementing effective investment processes, the financial segment can help protect society, promote innovation and support economic growth, making an important contribution to the country’s sustainable development.
   

HIGHLIGHTS
Half-yearly monitoring of the degree of social responsibility and carbon footprint of the portfolios of BancoPosta Fondi SGR and Poste Vita	Widened and strengthened the range of products whose investment decisions take into account ESG factors	Integrated into the information system portfolio analysis tools for ESG data integration and ESG KPI monitoring	Poste Italiane re-enters the Brand Finance Global 500 among the brands with the highest financial value globally (+52 positions y/y)

Sustainable Finance 2023 Data Overview

 

Objectives	Indicator (KPI)	Target	Baseline	Implementation Status 2023
Reduce the Group’s total portfolio emissions in line with the Paris Climate Agreement targets and contribute to limiting global warming to 1.5°C	Net tCO2e	Net zero by 2050	2023	New
Development of sustainable initiatives dedicated to internal stakeholders	No. of initiatives	4 by 2024	2021	5
Development of a dedicated offer for people who would have to disinvest part of their invested capital in the event of a serious illness	Expansion of the offer on the main flagship products of both class I and multi-class	Expansion of offerings by 2024	2022	Launched 4 products including Serious Illness cover
Implementation of a new insurance check-up to tailor proposed cover to each client on by household, and not just by individual, to identify protection needs more precisely, and thus reduce the level of underinsurance of the Italian population	No. of insurance check-ups in production	1 by 2023	2022	Start of production of the dedicated household insurance check-up
Creation of a new model of access to and use of insurance products, with a main focus on personal coverage, to increase awareness and diffusion among the Italian population, in two phases: Rationalisation and simplification of offerings, moving beyond the traditional “coverage” structure towards a “needs” structure; Development of an advisory model that guides the client to the most suitable health facilities for the specific need and generally facilitates the “use” of the policy (i.e. claims management)	Restyling of Persona line by Poste Vivere Protetti  New advisory and benefit management process	Restyling of Persona line by Poste Vivere Protetti by 2023 New advisory and benefit management process by 2023	2022	Restyling of the Poste Vivere Protetti person line, simplifying the structure of the offer and orienting it towards a needs-based logic  New claims consultancy model launched in October
Gradual inclusion of an ESG component in Poste Vita investment products	% of Poste Vita products with ESG elements	100% by 2024	2020	79%
Integrate into at least one fund open to retail a strategy – also in competition with others – aimed at controlling and containing carbon emissions	No. of founds	1 by 2024	2022	30%
Increase ESG indicators against which BancoPosta Fondi SGR’s investment portfolios can be monitored	Define a proprietary synthetic sustainability indicator	Definition of the indicator by 2024	2022	30%
Development of a strategy concept integrating sustainability objectives (pursuant to Art. 9)	No. of strategies with a sustainability objective	1 by 2024	2022	30%
Integration of Poste Vivere Protetti’s Personal Line offer with coverage dedicated to specific targets e.g. caregivers	Dedicated coverage for specific targets e.g. caregivers	Coverage launch by 2024	2023	New
Carrying out a feasibility study on the possibility of extending the target group of insurable people for health coverage to people normally excluded, through greater sophistication of the health declaration required at the time of underwriting	Carrying out a feasibility stufy to expand the target group of people insurable for health coverage	Implementation of the study by 2024	2023	New