- Connectivity of information
UniCredit’s 2016 Integrated Report publishes a governance discussion which incorporates information on diversity, sustainability and remuneration. Alignment with para. 3.37 of the International <IR> Framework is shown as the language used is concise and the section does not burden the reader with irrelevant information.
The organisation’s governance structure is first depicted in a succinct chart, which shows the division of responsibilities for different groups, alongside brief commentary. The subsequent page then discusses the Board’s composition and provides both diversity data and infographics for gender, age, geography, independence, tenure, attendance, and skills and experience. This aligns with para. 4.9 of the International <IR> Framework which cites that integrated reports should provide insight into the organisation’s leadership structure and diversity of those charged with governance. A ‘Sustainability Governance’ discussion and chart then shows the direct line of responsibility for sustainability at UniCredit and a ‘Board and Top Management compensation’ page explains how the CEO’s and General Manager’s remuneration is “performance-based, market-aware and aligned with [our] business strategy and stakeholder interests” (again aligning with para. 4.9 of the International <IR> Framework).