On December 4, 2021, Reale Mutua's Delegates’ Meeting approved the bylaws amendments required to acquire the status of Benefit Corporation, which was subsequently approved by IVASS on February 11, 2022.
This status, combined with Reale Mutua’s mutualistic nature, reflects how the Company pursues its institutional mission and corporate purpose.
Operating as a Benefit Company thus complements its mutual nature. These two distinct dimensions reinforce each other, bringing greater impact to how the company communicates its mutual identity and the values and goals pursued through this unique nature.
Mutuality and Benefit are the two pillars of Reale Mutua's business model. The Parent Company aims to generate long-term value through the common benefit purposes formalized in its Bylaws. Rather than pursuing profit maximization as an end in itself—though profitability remains essential to guarantee the Company’s solidity and longevity—the Company allocates concrete resources and benefits to its members and policyholders, while promoting social and environmental impact projects across local communities. These initiatives are reported annually in the Impact Report and the Consolidated Integrated Financial Statements.
The common benefit purpose
Building on its core principle of mutuality, Reale Mutua aims to generate positive and measurable impacts, not only for its members/policyholders, but also for all stakeholders directly or indirectly involved in its activities, committing itself to fulfilling the pledges outlined in the common benefit purposes set forth in Article 4 of its Bylaws:
Purpose 1: Offering products and services aimed at continuously improving the relationship with Members/Policyholders that generate economic, social and environmental value and promote the mutualistic dimension of the Company.
Purpose 2: Developing projects and initiatives aimed at promoting health, well-being and inclusion.
Purpose 3: Supporting the personal and professional growth of its employees, collaborators and directors, also through training and cultural activities and the development of corporate welfare initiatives.
Purpose 4: Mitigate the environmental impacts of its activities, in order to contribute to protecting the environment and the ecosystem.
Purpose 5: Operate in a responsible and transparent way in relation to commercial partners and suppliers, adopting preferential selection criteria for parties that manage environmental and social impacts responsibly.
Purpose 6: Contribute to the implementation of projects of collective interest, also in collaboration with public institutions, local authorities, business and private profit and non-profit individuals, in order to create shared value for the territory and the community.
In June 2022, Reale Mutua became a member of Assobenefit, the National Association for Benefit Companies in Italy.
Starting from the 2022 financial year, in compliance with Article 1, Paragraph 382 of Italian Law no. 208 of December 28, 2015, the Company drafts and publishes an annual Impact Report detailing the pursuit of its common benefit purposes.
This report provides objective evidence of the specific goals, methods, actions, results achieved, and overall impact generated in pursuing the six common benefit purposes, ensuring maximum transparency for members and the market.