On 4 December 2021, the Shareholders' Meeting of the Delegates of Reale Mutua approved the amendments to the Articles of Association necessary to obtain the qualification of Benefit Company, ratified by IVASS on 11 February 2022.
The qualification of Benefit Company, together with the mutual nature of Reale Mutua, expresses one of the ways through which the Company pursues its purpose/ social object.
Being a Benefit Company is therefore added to being a mutual; these are two aspects that give strength to each other while remaining differentiated from each other, attributing a greater impact also to the external communication of what it means to be mutual and of the values/ objectives that are pursued when you have that nature.
Mutua and Benefit are two elements at the base of the business model of Reale Mutua: the Parent Company aims at the creation of long-term value, does not pursue the maximization of profit as its ultimate goal, However, this factor is essential to ensure the company’s solidity and permanence and returns part of the wealth generated to the Members/Policyholders and the Communities in which it operates.
The common benefit purpose
Reale Mutua intends, starting from the pivotal principle of mutuality, to generate positive and measurable impacts, not only towards its Members/Insured Persons, but also in favour of all those directly or indirectly involved (Stakeholders) in its activities, committing itself to concretize its commitments indicated in the purposes of common benefit indicated in art. 4 of the Articles of Association.
To offer products and services aimed at the constant improvement of the relationship with members/insured persons that generate economic, social and environmental value and enhance the mutual dimension of the Company.
Develop projects and initiatives aimed at promoting health, well-being and inclusion.
To support the human and professional growth of its employees, collaborators, administrators, also through educational and cultural activities and the development of corporate welfare initiatives.
Mitigate the environmental impacts of its activities, in order to contribute to the protection of the environment and the ecosystem.
Act responsibly and transparently towards business partners and suppliers, adopting preferential selection criteria against entities that manage environmental and social impacts responsibly.
Contribute to the realization of projects of collective interest also in collaboration with public institutions, local authorities, businesses and private profit and non-profit, in order to create shared value for the territory and the community.
Sustainability has been confirmed as a distinctive factor in the strategic positioning of Reale Group. The new Plan represented a step forward in terms of adopting a holistic approach to sustainability through the ever-increasing integration of sustainability into planning processes, business objectives and their measurement, in the choice of investments, in the content of the products and services offered to Members/Insured Persons and Customers and in the communication both within and outside the Group.
In the field of sustainable finance, Reale Group also selects its investments by integrating financial considerations with social, environmental and governance (ESG) considerations, aware that this strategy as well as generating a concrete impact on society and contributing to more sustainable development, it promotes the pursuit of positive financial results in the long term.
In June 2022, Reale Mutua became a member of Assobenefit, the National Association for Benefit Companies that brings together more than 150 Benefit Companies in Italy.
From the year 2022, in compliance with the provisions of article 1 paragraph 382 of Law 28 December 2015, n. 208, the Company draws up the Annual Report on the pursuit of its Common Benefit Purposes.
This document provides evidence of the specific objectives, modalities, actions and results achieved and the impact generated in the pursuit of the six Common Benefit Goals.