Banca MPS (ESG Company Profile) | End of governance dispute paves the way for Mediobanca integration

研报英文原文证据摘录

Banca MPS (ESG Company Profile) | End of governance dispute paves the way for Mediobanca integration

ESG profile: Banca MPS

Italy | Banks & Asset Managers | MCap: EUR27.0bn

Release date: 28 May 2026

Luigi Tramontana In coordination with ESG Research Team

Equity Research Analyst Josep Pujal | +33 1 53 65 35 26

+39 02 85 50 72 19 Alina Moldovan | +33 1 70 98 85 84

ltramontana@keplercheuvreux.com Anastassios Adamopoulos | +44 207 621 5187

ESG Highlights: End of governance dispute paves the way for Mediobanca integration

Governance: The board renewal approved by the AGM in April 2026 normalises BMPS’s governance and stabilises the group

management team ahead of the integration of Mediobanca.

Legal risks: While progressively reducing, legal risks remain material and should be monitored.

Environment: Membership of the Net Zero Banking Alliance forms a key pillar of BMPS’s environmental policy.

Social: The acquisition of Mediobanca has significantly increased the gender pay gap.

ESG scoring 3.2/5

Governance factors Environmental and Social factors

ESG scoring synthesis

Topic Score (1/5) Weight Comments

Board 3.9 10.0 Board renewal in 2026 stabilises group management

Remuneration 3.0 10.0 Well-designed remuneration structure

Shareholder's rights 4.0 10.0 No special rights or restrictions

Integrity/reporting 3.8 10.0 Several one-offs are well explained

Ethics/corruption 2.8 10.0 Legal risks remain material and should be monitored

Subtotal Governance 3.5

Own footprint 3.0 20.0 Emissions progressively reducing

Positive climate change impact 2.5 20.0 Low level of Green Asset Ratio

Subtotal Environment 2.8

Health & Safety 4.0 2.5 Excellent management

Working conditions 3.0 2.5 Gender pay gap increased by Mediobanca acquisition

Product responsibility 2.8 2.5 Substantially adequate