ESG Ratings and Indexes

The main public ESG ratings of Banco BPM are shown below. These ratings reflect the assessment of Banco BPM’s results in its sustainability path by the ESG analysis companies. This path includes the commitment to maintain a constant relationship with analysts and investors interested in the ESG issues and to take into account the market interest in business activities and reporting.

 

Morningstar Sustainalytics is a leading ESG research, ratings and data firm that supports investors around the world with the development and implementation of responsible investment strategies.

Banco BPM improved its overall ESG Risk Rating score from 13.4 to 13.2 (with risk category confirmed at “Low”), signaling a reduced level of unmanaged risks and a lower likelihood of ESG issues adversely affecting the company’s economic value (updated in August 2024).
For further information www.sustainalytics.com

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Standard Ethics is an independent European rating agency on ESG issues. It provides ratings and gap analysis for companies and countries which intend to compare their positioning with respect to the indications of sustainability and corporate governance promoted by the EU, the OECD and the UN.

Standard Ethics has confirmed Banco BPM’s Corporate Sustainability Rating at “EE+”. Additionally, it has positively revised the estimated time frame for improving the rating level to EEE-, shortening it to 1-2 years.
This assessment takes into account the continuation of our sustainability journey: during 2023, we improved our IT, cybersecurity, and data governance measures, strengthened ESG finance, and achieved carbon neutrality. It is also considered that the Board of Directors is largely independent and that gender equality is ensured within it; sustainability governance and ESG risk management are aligned with best practices (updated in July 2024).
For further information www.standardethics.eu

 

S&P Global is an international provider of benchmarking, research and analytic services in the global capital markets, credit ratings as well as of ESG solutions.

Banco BPM achieved an S&P Global CSA Score of 57 (updated in October 2023) an improvement compared to 56 in 2022.
For further information www.spglobal.com

 

CDP is an international non-profit organization that manages an environmental measurement and reporting system, supporting thousands of companies and other counterparties, in measuring and managing risks and opportunities in the environmental field.

Banco BPM has been assigned a rating of B (updated in December 2022).
For further information www.cdp.net

 

ISS (Institutional Shareholder Services) is a global provider of corporate governance and responsible investment solutions, market information and fund services, events and editorial content to institutional investors and corporations.

Banco BPM has an overall ESG Corporate rating equal to C-, confirming the level assigned last year (updated in November 2023).

ISS also confirmed to Banco BPM a Governance Quality Score of 1, assigned last year (updated in December 2022).
For further information  www.isscorporatesolutions.com
Finally, ISS carried out the Second Party Opinion on Banco BPM’s Green, Social and Sustainability Bond Framework (for more information)

 

MSCI provides MSCI ESG rating that evaluates companies according to their exposure to industry-specific ESG risks and their ability to manage those risks relative to their peers.

Banco BPM obtained a rating of A, an improvement vs BBB assigned last year. (Updated as at March 2023).
For further information www.msci.com

DISCLAIMER – The use by Banco bpm of any MSCI ESG research LLC or its affiliates (“MSCI”) data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of Banco BPM by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided ‘as-is’ and without warranty. MSCI names and logos are trademarks or service marks of MSCI.

 

Banco BPM entered the Bloomberg Gender Equality Index with a score of 73.9, and with the maximum attributable regarding the breadth and level of transparency of the data.
This is an international index that measures the commitment of companies to promote and support gender policies within it and in the communities in which it operates. It includes 418 companies headquartered in 45 countries.
For further information www.bloomberg.com

Banco BPM stock became part of the MIB ESG Index, the first ESG index launched on 18 October 2021 by Euronext and Borsa Italiana and dedicated to Italian blue chips showing ESG best practices.
The composition of the index is based on the liquidity of the securities and on the analysis of ESG criteria by Vigeo Eiris (VE), a Moody’s ESG Solutions company, which identifies, among the 60 most liquid companies on the Italian market, the top 40 on the based on sustainability criteria and corporate social responsibility, in line with the principles of the United Nations Global Compact.
For further information www.borsaitaliana.it

Banco BPM is part of the SE Italian Index and the SE Italian Banks Index.
For further information www.standardethics.eu