Unipol Group presents the first Integrated Report
The document, based on the International Integrated Reporting Framework model, combines the information of traditional financial statements with the Group’s significant non-financial performance.
Today, at UNA Hotel Scandinavia in Milan, the first Integrated Report of the Unipol Group was presented with the participation of important institutional, academic and business personalities, including Carlo Cimbri, Chief Executive Officer of the Unipol Group, Butch Bacani, Programme Leader of UN Environment Principles for Sustainable Insurance Initiative, Stefano Zambon, Full Professor of Business Administration at UNIFE and Secretary General of NIBR, Raffaele Jerusalmi, Chief Executive Officer of the Italian Stock Exchange, Andrea Viganò, Managing Director, Country Head of BlackRock Italia and Franco Biscaretti di Ruffia, Secretary General of AIAF .
The Unipol Group’s first Integrated Report was prepared on the basis of the principles contained in the International Integrated Reporting Framework, issued by the International Integrated Reporting Council (IIRC) in December 2013. The document therefore combines in an overview the information contained in traditional financial statements with the representation of the company’s environmental, social and governance performance, illustrating the business model based on capital analysis and representing any factors, including the reputational value, which materially affect the company’s ability to generate value.
This is a model that implies a commitment not only to safeguarding the company’s assets and profitability, but also the security of people and their assets. It also protects savings and promotes a sustainable and balanced development of the area in which the Unipol Group operates.
In 2016, the Company’s commitment was translated into significant results:
- fairness in the distribution of the value created, with €3,830m distributed by the Group to various stakeholders (employees, agents, suppliers, public administration, shareholders and lenders);
- contribution to reducing the effects of climate change, with a reduction of CO2 emissions per employee by 4.9% compared to last year;
- support for and promotion of the green economy, with €105m invested by the Group in companies operating in that industry;
- contribution to the growth of the Country, supporting the development of SMEs and the increase in insurance awareness. This was thanks to the creation of coverage for catastrophic risks with integrated business continuity services, the development of coverage for and advice on cyber risk, the increasing use of telecommunications and of the Internet of Things, and finally, the commitment to building an expanded awareness and knowledge of the insurance world with the project “Eos-Being Aware of Your Insurance”, conducted in schools, on the web and on social media.
This resulted in increased trust in the Group and its appeal for different audiences, as recently reported by the Reputation Institute, which named Unipol the top Italian company in terms of reputation in the financial sector (banking and insurance) with a score of 69 / 100 according to the 2017 Italy RepTrak® ranking (ratings among the general public).