Please wait a minute before you try to comment again. Exposure refers to the extent to which a company is exposed to different material ESG issues. Even negative opinions can be framed positively and diplomatically. The use of them is for editorial purposes only and does not imply any affiliation or endorsement. Sustainalytics ESG Risk Ratings are typically updated once per year. FinecoBank S.p.A. is a joint-stock autonomous and independent public company listed on Italian Stock Exchange (MTA segment) organised and managed by Borsa Italiana S.p.A. All Rights Reserved. We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.

It is not a stock broker and does not give advice concerning specific investment decisions or tax or legal advice. These goals included in their strategy are fully driven and enhanced by FinecoBanks digital approach.

Our management score assesses the robustness of a company's ESG programs, practices and policies. The company was founded in 1999 and is headquartered in Reggio Emilia, Italy. Sustainability and healthy growth are at the heart of their business model since inception. Include punctuation and upper and lower cases. of the company's historical and forecasted financial In addition, some financial ratios derived from these reports are featured. This new Governance has the task to define, monitor and oversee a sustainability strategy fully integrated in FinecoBanks Multi-Year Plan.

The business model is structured into three areas of integrated activities: Banking, Investing and Brokerage. The strategy defines a path to be undertaken across all corporate functions in topics such as Human Resources, Responsible Finance, Financial Education and Environment, in order to further integrate ESG criteria in their Core Business, strengthening their ESG offer characterized by fair pricing and no performance fees and providing financial education to both FinecoBanks clients and financial advisors. Your ability to comment is currently suspended due to negative user reports. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks. It serves primarily through a network of personal financial advisors, and online and mobile channels. Highest Controversy level that has impacted FinecoBank SpA's ESG Risk Rating in the last three years. Disclaimer: This website is a data portal, which aggregates information about public companies. Management refers to how well a company is managing its relevant ESG issues. Leverage Sustainalytics' ESG Risk Ratings to understand and promote your corporate ESG performance with internal and external stakeholders. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. FinecoBank joined the UNEP FI as a member in order to foster positive environmental and social impact within the Financial sector and create sustainable value in the long term. In terms of transparency, FinecoBank was ranked as the most transparent player in Mifid2 reports by ADUC, an Italian consumer association. This comment has already been saved in your, Stocks gain for fifth straight session, euro advances after ECB rate hike, Wall Street closes higher boosted by strong Tesla earnings, Stock Market Today: Dow Closes Higher on Surge in Tech, Opening Bell: U.S. Futures Edge Lower On ECB, Italian Crisis, Slowing Asia, Vanguard Total Bond Market II Index Fund Investor, PIMCO Commodity Real Return Strategy Institutional, SG FTSE MIB Gross TR 5x Daily Short Strategy RT 18, Vontobel 7X Long Fixed Lever on Natural Gas 8.06, Direxion Daily Junior Gold Miners Bull 2X Shares, To use this feature, make sure you are signed-in to your account, Make sure you are signed-in with the same user profile. Partnership between United Nations Environment and the global financial sector to promote sustainable finance. ), and/or any other comment that contains personal contact specifcs or advertising will be removed as well.

Are you sure you want to block %USER_NAME%? All Rights Reserved. FinecoBank SpA's Management of ESG Material Risk is Strong. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc. any of each other's Investing.com's posts. The Banks transactional platforms and advisory services are developed in-house using proprietary technologies to make customer experience a more fluid and intuitive experience on all channels. By way of exception, usage is permitted only to the rated company, limited to a single reference of its own information in annual reporting and sustainability website, mentioning Sustainalytics as a source. This will result in immediate suspension of the commentor and his or her account. Net interest income after loan loss provision totaled to EUR107.5M. In addition, any of the above-mentioned violations may result in suspension of your account. It enables you to easily find, valuate and track your stock investments with the help of reliable financial data and transparent analysis tools. Net Income available to Common Shareholders, Accumulated Other Comprehensive Income (Loss), Other Cashflows from Investing Activities.

As of December 31, 2020, the company operated 410 financial shops. These insights can be used to identify areas of ESG improvement to help inform future management decisions that align with your organization's sustainability goals. Since 1 April 2016 it has been included in the FTSE Mib stock index and in the Stoxx Europe 600 index since 2017. The company offers banking services, including current account and deposit services, payment services, mortgages, and personal loans, as well as debit, credit, and prepaid cards; and brokerage services comprising order execution services. with InvestingPro. Since youve just unblocked this person, you must wait 48 hours before renewing the block. It may therefore take some time before it appears on our website. These three macro-areas are interdependent but the business model is designed to ensure a high level of integration between the different activities. EU Sustainable Finance Action Plan Solutions, Morningstar Sustainability Rating for Funds, Learn more about our Peer Performance Insights solution, Connect with us about an ESG Risk Rating License, Download our product brochure to learn about our product solutions. Unlock access to over 1000 metrics The company also provides asset management services, such as placement and distribution services of various products, including mutual funds and SICAV sub-funds, and insurance and pension products, as well as investment advisory services. The Bank was founded in 1999 on three main pillars: innovation, in order to look ahead to the main trends emerging in the society and position in advance; operating efficiency, to build up a Fintech DNA and deliver an outstanding customer experience; finally, fairness and transparency with their clients in order to build a long-lasting relationship based on trust and quality services at fair price: for this reason they decided not to overcharge clients with performance fees. on behalf of customers with direct access to global equity markets, as well as to trade on currencies, indices, shares, bonds, commodities, futures, options, bonds, ETFs, and certificates. Net interest income after loan loss provision reflects increase in interest earning assets and decrease in interest bearing liabilities. On a national level, FinecoBank Group operates in 20 Italian regions, with a network of around 400 Fineco Centres (offices where consultants carry out their activities) distributed throughout Italy. Usage as a credit rating or as a benchmark is not permitted.

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Banks and lenders can use our ESG Risk Ratings and data as a part of a broader analysis of their clients as well as for innovative product solutions such as sustainability linked loans. Unless otherwise explicitly agreed in writing, usage for products and services, index creation, derivative work, portfolio or fund management, or any other usage are not permitted. Avoid profanity, slander or personal attacksdirected at an author or another user.

The Registered Office and the Headquarters are located in Italy, respectively in Milan and Reggio Emilia. Net income increased 30% to EUR123.5M. Sustainalytics' Peer Performance Insights gives an in-depth analysis of your company's ESG strengths and weaknesses compared to your competitors and industry performance. Economic Events and content by followed authors, * In Millions of EUR (except for per share items), Write your thoughts about FinecoBank Banca Fineco SpA. Replace the attached chart with a new chart ? Material ESG issues are issues that are considered to be financially material to a given company in a relevant sub-industry. Thanks for your comment. Our exposure score takes into consideration subindustry and company-specific factors such as its business model. A brief financial summary of FinecoBank Banca Fineco SpA as well as the most significant critical numbers from each of its financial reports. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse. Fineco is a leading bank in brokerage in Europe, and an important player in private banking in Italy, offering advanced and tailor-made advisory services.

growth rates and metrics that provide an in-depth view It is the Parent Company of the FinecoBank Banking Group, which includes the Irish asset management company, Fineco Asset Management Designated Activity Company (hereinafter also Fineco Asset Management DAC or FAM), founded in 2017. Your status will be reviewed by our moderators. The company operates through Banking, Brokerage, and Investing segments. FinecoBank is also one of the most important players in the Italian private banking sector, owing to a consultancy approach tailored to the needs of individual clients, which includes advice on fiduciary services, protection and succession planning of personal and corporate assets and, more in general, discontinuity events management. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. performance. Valuu provides insights and tools for self-directed stock investors. FinecoBank is a direct, multi-channel bank and a leading FinTech bank in Europe, supplying financial products and services through the most advanced information technology.

Notice: The information provided is for informational, non-commercial purposes only, does not constitute investment advice and is subject to conditions available in our Legal Disclaimer. These pillars provide a clear guide to their long term growth-path, and drive them in achieving the highest possible Shareholders value by running the business in a safe, robust and sustainable way. Innovation and Digitisation, always inscribed in Finecos DNA, definitely are the key drivers for their sustainability strategy, helping them delivering the best long-term value possible, in terms of quality for their clients, financial stability, protection of their clients and people. Racism, sexism and other forms of discrimination will not be tolerated. 2007-2022 Fusion Media Limited. However, in order to maintain the high level of discourse weve all come to value and expect, please keep the following criteria in mind: Stay focused and on track.

Are you sure you want to delete this chart? Even negative opinions can be framed positively and diplomatically. This commitment is even stronger since FinecoBank became a public company last year, and they quickly caught the opportunity to set up their Governance of Sustainability: FinecoBank has established Sustainability Committees both at Board and Executive level, and created a Sustainability Team. It is the leader in Italy for equity trading. It offers a single account with banking, trading and investment services, on transactional and advisory platforms developed with proprietary technologies. The Banks services (banking and investment) are delivered in coordinated and integrated way through its network of financial advisors and on online and mobile channels. : Spam and/or promotional messages and comments containing links will be removed. Only post material thats relevant to the topic being discussed. Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.coms discretion. Net income was partially offset by Trading Revenue. The ESG Risk Ratings can help investors to identify, understand and manage ESG risks at the security and portfolio level with the aim of improving the long-term performance of their equity and fixed income securities. View advanced insights on financial statements, including All data is provided "as-is" with no guarantee for correctness and/or completeness. For the three months ended 31 March 2022, FinecoBank Banca Fineco SpA interest income increased 74% to EUR107.5M. Avoid profanity, slander or personal attacks. Please note that all comments are pending until approved by our moderators. Understand how exposed companies are to specific material ESG issues and how well companies are managing these issues. Get Actionable Insights with InvestingPro+: Sign up to create alerts for Instruments, By doing so, you and %USER_NAME% will not be able to see FinecoBank Banca Fineco S.p.A. provides banking and investment products and services. %USER_NAME% was successfully added to your Block List. Copyright 2022 Sustainalytics.

Users can opt to see 4 periods of either annual or quarterly information. United Nations Environment Programme - Finance Initiative. However, scoring and qualitative assessments can be updated more frequently due to events assessment changes and corporate governance assessment changes, which are updated according to more frequent and different update cycles. Only post material thats relevant to the topic being discussed. Outside Italy, the subsidiary Fineco Asset Management DAC is based in Dublin; the Group also has a representative office in London. Comments that are written in all caps and contain excessive use of symbols will be removed. It offers a business model which combines platforms with a large network of financial advisors. FinecoBank SpA is a FinTech bank in Europe.