Statement on the Principal Adverse Impacts of investment advice on sustainability factors

Banco BPM, as a financial advisor, meaning an investment firm providing investment advisory services, declares that it considers the adverse impacts of investment decisions on sustainability factors pursuant to Article 4 of Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 (“SFDR”).

To this end, the Banco BPM Group has updated its Guidelines on the integration of sustainability risks in the provision of investment services, already adopted, by including the principal adverse impacts of investment decisions on sustainability factors.