Assumptions and general objectives:

• Inclusion
  To involve all the stakeholders identified in order to ensure that the reporting processes and content reflect the viewpoints of the different parties involved (including "mute" parties like the environment and future generations). To give reasons for any exclusions or limitations there may be.
• Transparency
  To make the logic behind the acquisition and classification of the information and the preparation of the document clear to all intended recipients of it - legitimate stakeholders - both in terms of the procedures and methods and with regard to the discretion employed.

Scope of the reporting processes and the information contained in the document:

• Responsibility
  To make the categories of stakeholders to whom the Bank must report to on the consequences of its activities identifiable.
• Identification
  To provide the fullest possible information on the ownership and  governance of the bank, in order to give third parties a clear perception of the relative responsibilities. To communicate the ethical standards of the bank (Mission, Vision, Values and Principles).
• Completeness
  No area of the bank's activity must be deliberately and systematically excluded. Reasons must be given for any exclusions or limitations there may be. All information considered useful for readers in assessing the economic, social and environmental performance must be included.

Perspective from which to view the information acquired and presented in the document:

• Significance and relevance
  To take account of the actual impact that economic and other events have produced on the reality surrounding them. To include all information and only that information which stakeholders can use to judge the ethical and social performance of the bank in its specific context and business sector. Any estimates or subjective assessments there may be must be based on explicit and reasonable assumptions.

Timing of the reporting process:

• Periodical nature
  Reporting must be regular, systematic and prompt (by complying with the standards set by the GBS, the periodical corporate social reporting of UBI Banca is in line with that of its individual company and consolidated financial reporting.
• Timing basis
  Social effects must be recognised at the time when they occur and not when the financial transactions which originated them occur.