Culture, Research and Innovation
The Group is an integral part of the communities where we work. For us, promoting culture, encouraging innovation and investing in research is a way of supporting those communities. Through our commitment to education and research, we endeavour to help meet the emerging needs of society.
One of our main projects is the MBRES Area, the Group’s economic and financial research centre, which publishes studies and research primarily online and free of charge. As a further part of our efforts to improve financial awareness, since 2012 we have ensured that the Vincenzo Maranghi Historical Archive is kept up-to-date. In addition, we have a historical library of works on the history of Italian and world economic analysis, collected over the years by Enrico Cuccia, Vincenzo Maranghi and Ariberto Mignoli. In 2018, with Mediobanca Private Banking acting as advisor, Liceo Parini Trust Onlus was set up, with the objective of preserving the renowned Milanese high school’s historic and cultural legacy, and at the same time promoting the education and training of students in challenging psychological, physical, social, financial and family situations
In line with this commitment to education approach, continues to support Junior Achievement, with Crescere che Impresa! project, a business and financial education programme targeting students in middle schools in certain poorer areas of Italy. We also promote financial education for women through the Academy for Women and Finance programme run by Compagnie Monégasque de Banque, which supports women clients with the management of family wealth.
Alongside our commitment to financial education, we invest in the promotion of culture in general. In 1978, we began collecting the writings of Cesare Beccaria into a 17-volume series. The series was completed in 2009, encapsulating the ideals of justice and commitment to public life. In 2014, the Group restored the façade of the Accademia dei Filodrammatici theatre. Home of the academy’s drama school, the theatre is a founding member of the École des Écoles, a European network promoting cultural co-operation in the performing arts.
The Group is a partner of the Civita Association, which works to promote and protect Italy’s artistic heritage. Through Compagnie Monégasque de Banque, we sponsor the Monte Carlo Philharmonic Orchestra and the Grimaldi Forum, two of the Principality’s leading cultural institutions, and through CheBanca! we support the Milan Conservatory Orchestra, which serves as a link between the worlds of education and work by including the Conservatory’s students in its ranks, aged 15-22, who have chosen music as their profession.
In the area of scientific research, the Istituto Europeo di Oncologia (IEO) was founded at Mediobanca’s initiative, while in Switzerland, our Group company RAM Active Investments works via RAM Active Philanthropy Foundation (link: https://ram-ai.com/it/philanthropy) which supports numerous projects in the medical and science worlds, including: AISM - the Italian MS association, which supports, directs and finances scientific research into this devastating illness; SwissPKD, which promotes biomedical research into a a genetic disease known as ADPKD (Autosomal Dominant Polycystic Kidney Disease); CANSEARCH Foundation, which has created the first platform for research into paediatric onco-haematology based in Geneva; and ARTC - Association pour la Recherche sur les Tumeurs Cérébrales, created with the principal objective of promoting research into brain tumours by awarding grants to young researchers and providing direct support for research projects at the early stages.
“Crescere che Impresa!”
The second year of the Crescere che impresa! programme Programme has opened with three meetings in the cities of Milan, Rome and Brescia, held at CheBanca! branch offices to coincide with the “Month of Financial Education” project.
The use of an experiential teaching methodology which gives priority to group-based and interactive activities, allows the students to take an active part in the school-based and non-school events, getting to understand what entrepreneurs are like and the traits which distinguish them. The programme also intends to provide young people with tools to explore the opportunities offered by different employment sectors and emerging professions.
The Mediobanca Group’s support for this initiative promoted by JA Italy is testimony to its desire to make a contribution to schools in certain poorer parts of Italy, and confirmation of our commitment to the issue of financial education.
For further information on the project, please go to the website for the “Crescere che Impresa!”.
MBRES Research Area
MB research area comprises the Mediobanca Research Department and Group company Ricerche e Studi – R&S, which have been operative since 1946 and 1970 respectively.
The area is a centre which specializes in economic and financial analysis and research, with a focus on manufacturing enterprise and the industrial economy, issues to which Mediobanca has always ascribed substantial importance, including in connection with its own core business. The area has its own database input with the results of individual restatements of balance-sheet and stock market data acquired exclusively from official and primary sources. Having proprietary data available has enabled the area to construct coherent and consistent historical series, some of which date back to the early 1970s in the case of company data and to the 1930s for the stock market figures. The aim of obtaining and restating the data in this way is to provide the public with an objective and rigorously-compiled benchmark for interpreting structural trends in the Italian industrial economy, publishing annual and sector reports with a view to making knowledge which would otherwise be accessible to only the scientific and professional community available to the general, non-specialist public at no cost whatsoever. To this end, much of the data thus processed is available free of charge at the area’s website (www.mbres.it) which last year was visited by over 40,000 users (3% higher than the previous year), with nearly 60,000 downloads (up 2%).
Engagement activity included media presentations and taking part in events promoted mainly by universities and institutional entities, with around 470 citations on printed paper. The area also regularly shares its databases for purposes of academic research or preparation of university research. Citations in scientific journals on works by the area now number more than 1,500. The outlay incurred by Mediobanca for the area’s activity, measured exclusively by givingback criteria, amounts to around €4.8m per year. The area also manages the Bank’s libraries of books and documents, with approx. 15,000 volumes on economics and finance, and 150,000 Italian and non-Italian journals, plus the financial statements of something like 10,000 Italian and international companies in paper format, often dating back to the 1950s.
These documents can be consulted on request for research purposes.
Vincenzo Maranghi Historical Archive
The objective of Mediobanca’s historical archive is to preserve the Bank’s wealth of documents and make it accessible; indeed, the documents from the institution’s foundation until 31 December 1966 will soon be available.
In 2012 the Archive was given the status of being “of particularly important historical interest”, and as such is linked to the archival and librarian Superintendent’s office for Lombardy.
European Institute of Oncology (IEO)
the IEO was founded in Milan at the initiative of Mediobanca which is a leading shareholder almost 25% of the share capital. The IEO is the leading private comprehensive cancer centre in Italy, combining clinical work with research.
The IEO has a total of 292 beds, and since 1994 has treated something like 850,000 patients; in 2018 some 545 clinical experimental studies were carried out there. It also owns the Istituto Monzino, the leading specialist cardiology centre in Milan. In 2018 a total of €11.6m was invested in oncology-related activities and €4.7m in cardiology-related activities.
Trust Parini Onlus Nuovo
Liceo Parini Trust Onlus was set up in 2018, at the initiative of a group of former students and parents of the high school, with the assistance of the Mediobanca Private Banking division. The objectives identified in the context of activities of “social utility” are as follows:
- To protect, promote and valorize objects of historical and artistic interest, including the library and other assets of which the Liceo Parini has custody from time to time, or in which the school’s teaching takes place;
- To provide support for students and teachers of the Liceo Parini who are disadvantaged in terms of their physical, psychological, financial, social or family conditions;
- To promote the education and training of students of the Liceo Parini who are disadvantaged in terms of their physical, psychological, financial, social or family conditions.