The importance of climate change for the Montepaschi

Group

Alessandro Santoni – Head of Strategic Planning, Research and Investor Relations

3

BMPS’s role in the Carbon Disclosure Project

CSR at the heart of it corporate values: environmental

protection is part of Corporate Social Responsibility which we

consider to be a driver of innovation and competitiveness for

the benefit of all stakeholders.

It shares the conviction that countering climate change

requires financial markets to encourage companies to

implement sustainable energy policies;

It supports market transparency also in relation to

intangible (non-financial) aspects of its business;

Banca MPS is a partner and main sponsor in the initiative: why?

Energy saving in Banca MPS’s operations

4

Though it does not carry out as many high-energy-consumption

(energivorous) activities as a traditional industrial business,

Banca MPS attaches utmost importance to managing its

own environmental impact.

A careful environmental policy contributes to achieving the

objective of an all-encompassing control of the operating cost

structure, which is not of minor importance considering that

energy accounts for approximately 3% of total administrative

expenses.

Banca MPS helps businesses understand and manage

environmental risks proactively by offering them specific

lending and banking services. There are interests that make all of us richer

We contribute to society’s collective interest in a better quality

of life offering eco-efficient environmental management systems

and risk assessments. With our range of very advantageous

innovative products , we help individuals, businesses and

institutions seize all opportunities lying in energy production from

renewable sources. Because an interest in the environment is in

everybody’s interest.

Banca MPS’s major environmental protection initiatives

5

12 May2009

ATM machines are housed in special enclosures made of

environmentally friendly materials and are self-fuelled with

sun energy captured by solar cells; these fully stand-alone

kiosks can get connected to the bank's wireless network of

services through wi-fi technology.

SOLAR ENERGY ATMS

1st in ItalyGREEN BANK BRANCHES

These branches were built according to criteria designed to save

energy and obtain a high degree of environmental wellbeing.

The structural renovation made it possible to obtain environmentally

sustainable buildings (30% more energy efficient than traditional

ones) with a strong CO₂ reduction  (6,750 kg fewer emissions than a

conventional system).

10 Settembre 2009

6

Electricity is purchased from renewable sources (almost

100% as at 31.12.07), with environmental and economic

savings. This contributed strongly to reducing CO2 emissions.

Replacement of servers in Siena’s data-processing centre

with 352 new machines equipped with highly efficient

INTEL processors. The solution has reduced energy

consumption by more than 1.3 million kWh in one year, with

cost savings totalling 261 thousand euro and CO2

emissions cut by 648 tonnes.

Banca MPS’s major environmental protection initiatives

7

2004 2005 2006 2007 2008* 2009 1H 2010

73

8894 96

64

87

98

2004 2005 2006 2007 2008* 2009 1H 2010

2,066

1,421

1,144

883

1,858

1,315

423

Results achieved

Renewable electricity (%)

* Performance impacted by the acquisition of Banca Antonveneta. Excellent recovery as of the following year.

CO₂ emissions per capita (kg)

Specific policy adopted for on sustainability in the Supply Chain 130 actions planned to support policy implementation (20 CSR KPIs introduced). CSR profile assessment of suppliers Green products and services (2010: € 48,800,000) Finalist in 3 international 2010 CSR supply chain awards (the only Italian company)

8

CSR assessment of suppliers

The assessment involved more than 200 suppliers (90% of invoiced amount).

Average summary rating: 4.9Average value of suppliers assessed: 4.6

A “green” approach in our revision of procurement processes

Environment Labour Supply chain AllFair Business

Good opportunity

Opportunity

In control

Requires monitoring

Points of alert

Our catalogue of “green” products

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“PRESTISOLE” CONSUMER LOANS FOR

SOLAR ENERGY SYSTEMS

MLT unsecured loans with gradual

amortisation of capital at fixed or

floating rate

SOLAR ENERGY AGREEMENTS:

RIELLO, OBI, ENEL.SI, BEGHELLI/ MPS GROUP

Fixed medium-to-long term floating rate

subsidies for consumers with gradual amortisation of capital

WELCOME ENERGY Let’s finance solar

energy

For customers belonging to SMEs, Small

Business, Institutional Clients,

Purchasers of photovoltaic systems

ENERGY SAVINGS LOAN:

Financial assistance consisting in an

MLT loan which may be preceded by

credit in the form of a fixed term

overdraft facility on a special internal

account.

Mutuo Natura: Loan for the financing of home restructuring and renovation with a view to improving the building’s energy efficiency

Tuttofare Natura:

Personal loan for the implementation of

measures to upgrade energy efficiency of real

estate and purchase hybrid, LPG, CNG or ‘Euro 5’ cars

Introduced

in 2011

Introduced

in 2011

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Loans to renewable energy projects (mln €)

2006 2007 2008 2009 1H 2010

131

224

320

379408

Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10

6.05 6.25 6.396.8

7.62 7.848.3

*

Results achieved

Energy products:Market shares (bps)

(*) As of June 2010, data are classified according to the ISTAT ATECO 2007 breakdown which supersedes previous classifications (Circular no. 140/1991). In some cases, this resulted in significant majors realignements.

Listing of MPS in sustainability ratings

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Since 2008

Since 2003

Since 2008

Since 2004

New or confirmed admission

to indexes of companies showing best

sustainability performance

Results of sustainability ratings

12

Environment

Climate change governance

Environmental footprint

37

33

23

69

68

71

Industry average Bmps

(%)(%)

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87 82 82 82 79 79 76 73 73 67 67 66 66 66 63 59 5644 43 36

24

0.1

Carbon Disclosure Score

2006 2007 2008 2009 2010

61 6473 76 75

4848 52 51 50

Bmps Industry average

Score 2010

Bmps Industry range

N.R.

What next

13

Carbon neutral BY END of 2013 (scope 2 GHG emissions)

Improve engagement of key suppliers in sustainability Meet cost saving targets through sustainability performance Introduction of a new Vendor Rating System including CSR criteria (15% weight) Assessment of compliance with the new standard for sustainable procurement (BS 8903)

New carbon investment products will be set up through strategic partnerships (SRI-carbon funds, index-linked policies, mps bonds, climate change benchmark index…) 

Expand the catalogue of lending products and other retail banking services

Thank you for your attention!

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Contacts

Strategic Planning, Research & Investor RelationsAlessandro Santoni (Head)

Piazza Salimbeni, 3

53100 Siena

Tel:+39 0577-296477

Investor Relations Team: Elisabetta Pozzi (Head)

Simone Maggi

Federica Bramerini

Email: Investor.Relations@banca.mps.it

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Disclaimer

This document has been prepared by Gruppo Monte dei Paschi di Siena solely for information purposes and for use in presentations of the Group’s strategies and financials. The information contained herein has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. Neither the company, nor its advisors or representatives shall have any liability whatsoever (in negligence nor otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document. The forward-looking information contained herein has been prepared on the basis of a number of assumptions which may prove to be incorrect and, accordingly, actual results may vary.

This document does not constitute an offer or invitation to purchase or subscribe for any shares and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsover.

The information herein may not be reproduced or published in whole or in part, for any purpose, or distributed to any other party. By accepting this document you agree to be bound by the foregoing limitations.

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