6  Address by Governor Ordinary General Meeting of Shareholders  BANCA D’ITALIA  Investment assets, amounting to € billion, consist mainly of bonds and, to a lesser extent, equity shares. Since last year, the Bank has modified its investment strategy, integrating Environmental, Social and Governance (ESG) factors into the management of its equity portfolio.
Shares of companies that operate mainly in sectors not compliant with the principles of the UN Global Compact have been excluded, those of companies with the highest ESG scores favoured. The Bank is already looking into extending this new investment strategy to corporate bonds as early as this year.