The value creation process at Poste Italiane

The year 2022 marked a decisive point in the country’s recovery after more than two years of the Covid-19 health crisis,
during which Poste Italiane was able to further confirm its centrality in supporting the community and the territory in which
it operates. Thanks to its widespread presence throughout the country, the Group was a point of reference for the country
at a time of defining new post-pandemic balances, as well as humanitarian and energy crises due to the conflict in Ukraine.
Poste Italiane has strengthened its collaboration with institutions, supporting the public administration on the one hand and
small municipalities on the other, contributing to the country’s digital and sustainable transition.

Poste Italiane’s business model is characterised by the combination of strategy, value creation and the generation of financial and non-financial capital, as exemplified in the figure below.

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The main forms of capital Poste Italiane uses to create value over time
Poste Italiane’s business is based on heterogeneous capitals characterised by their own identity and certain qualities. This
feature makes it possible to both specifically analyse and measure them through performance indicators. The unique
characteristics of each capital, including references to the paragraphs in this document where a broader description is
given, are outlined in the following table.

CAPITAL    KEY INPUT   OUTCOMES 
Financial
  • Business continuity plan resources
  •  Equity and liabilities
  • GRI 201-1 Economic value generated, distributed and retained
  • FS11 Percentage of assets subject to positive and negative environmental or social screening regarding social/environmental aspects
Physical-structural
  • Corporate fleet data
  • Air transport fleet data
  • GRI 2-7 Widespread presence
 
  • Number of digital services offered
  • Number of contacts handled
  • GRI 305 Emissions
  • GRI 306 Waste
  • GRI 305-4 Intensity of GHG emissions related to real estate facilities
  • Wastewater reporting
  • Dematerialisation of procedures and corresponding transactions
Intellectual
  • Business continuity plan resources
  • GRI 205-1 Companies assessed for risks related to corruption and percentage of operations audited for risks related to corruption
  • Specific training on procedures and policies of anti-corruption
  • 207-1 Approach to tax
  • GRI 205-3 Reports managed by the Whistleblowing Committee
  • GRI 418 Customer Privacy 
  • IT security and cyber security breaches
  • Number of customers involved in IT security breaches
  • Cases of bribery and corruption and corrective actions y Anti-competitive practices
  • Anti-competitive practices
  • GRI 415-1 Political contributions
Human
  • GRI 2-7 Number of personnel by contract
    type and gender
  • GRI 2-8 Number of non-employees by contract type and gender
  • GRI 401 Employment
  • GRI 403-5 Worker training on occupational health and safety
  • GRI 404 Training and Education
  • GRI 405 Diversity and Equal Opportunity
  • GRI 412 Human rights Assessment
  • Number of participants in development programmes
  • Average hours of training for employees by gender and category
  • Training programmes and career development
 
  • Workforce trends (employee turnover)
  • GRI 403-9 Occupational accidents
  • Diversity
  • Number of cases of non-compliance with labour standards
  • Disputes
Social-relational
  • Suppliers with an ISO 14001 or EMAS certified environmental management system
  • GRI 402 Labor/Management Relations
  • GRI 203-1 Corporate giving and/or corporate citizenship initiatives
  • Existing tenders which incorporate specific social criteria
  • Number of contacts handled
  • Customer satisfaction
  • GRI 203 Indirect economic impacts
  • Quality of the Universal Postal Service
  • Customer experience in Post Offices
  • Customer complaints by type
  • Monthly complaints
  • Settlements
  • New customers in the categories most at risk of financial exclusion as a percentage of total new acquisitions
  • FS14 ATMs for inclusion
  • FS14 Post Offices for cultural integration
Natural
  • GRI 301 Materials
  • GRI 302 Energy
  • GRI 303 Water and Effluents
  • Total cost of energy purchased for real estate facilities
  • Existing tenders which incorporate specific environmental criteria
  • GRI 305 Emissions
  • GRI 305-4 Intensity of GHG emissions related to real estate facilities
  • GRI 306 Waste
  • Wastewater reporting
  • Weight of electricity consumption relating to real estate facilities by type of business