Through its leadership in the logistics, financial, insurance and payment services sectors, Poste Italiane plays a key role in the creation of economic value both for the stakeholders directly impacted by its business activities and for the country as a whole.
In particular, the activities carried out by Poste Italiane generate impacts on GDP, employment income, employment and contributions to PA. Impacts can be distinguished into:
- Direct impacts: impacts generated by the operating activities carried out directly by Poste Italiane;
- Indirect impacts: impacts generated along the supply chain as a result of Poste Italiane’s spending on goods and services (€3.8 billion in 2023) from Italian suppliers;
- Induced impacts: impacts generated by consumer spending that is realised through the income earned by workers employed directly and indirectly by the Group.
THE PROCESS OF CREATING POSTE ITALIANE’S ECONOMIC VALUE
Title: Poste Italiane's Economic Value Creation Process
General Description: The infographic shows the process of economic value creation by Poste Italiane, represented through a series of colored circles and arrows indicating economic flows. At the center of the infographic is a map of Italy, which serves as the background for the various elements.
Main Elements:
Direct Impact (yellow circle):
Text: Poste Italiane Group
Description: Contributions closely linked to the Group's operational activities carried out in the country.
Arrow to the blue circle on the right (Indirect Impact): Represents purchases from suppliers in Italy.
Indirect Impact (blue circle on the right):
Text: Suppliers
Description: Contributions generated by companies thanks to the Group's expenditure on goods and services.
Induced Impact (light blue circle in the center):
Text: Companies
Description: Contributions due to consumer spending thanks to the income earned by workers employed by the Group.
Arrow downwards: Indicates consumer spending in Italy.
Contributions to the PA (icon of a gray building):
Description: Represents contributions provided to the Public Administration.
Employment (icon of green people):
Description: Indicates the employment generated by the Group.
GDP (icon of a blue chart on the left):
Description: Represents the impact on Gross Domestic Product (GDP).
Labor Income (icon of a yellow piggy bank on the left):
Description: Indicates the labor income generated.
Main Flows:
From the yellow circle (Direct Impact) to the blue circle (Indirect Impact): Purchases from suppliers in Italy.
From the blue circle (Indirect Impact) to the light blue circle (Induced Impact): Consumer spending in Italy.
In 2023, the Poste Italiane Group had an impact on the country’s economy, in terms of Gross Domestic Product (GDP), of €13.7 billion and, employed a total of roughly 197 thousand people and contributed around €2.7 billion to the income of the Public Administration in terms oftax revenue. Furthermore, it is estimated that Poste Italiane contributed directly and indirectly to the distribution of income to workers, totalling €7.3 billion.
Poste Italiane’s creation of value is based on the contribution that the Group’s individual people make through their daily work and commitment. In fact, in 2023, each person at Poste Italiane contributed to the creation of economic impacts for the region amounting to €114 thousand of GDP, €61 thousand of income for families, €22 thousand of tax contributions and the employment of 1.6 people.
Title: Poste Italiane's Contribution for 2023
General Description: The infographic presents four bar charts illustrating Poste Italiane's contributions to Gross Domestic Product (GDP), labor income, the Public Administration (PA), and employment for the year 2023. Each chart is accompanied by a representative icon and a brief descriptive text.
Main Elements:
Poste Italiane's Contribution to Gross Domestic Product - 2023:
Icon: Blue line chart
Bar Chart:
Direct GDP: €8,891 million (blue bar)
Indirect and induced GDP: €4,813 million (light blue bar)
Total GDP: €13,704 million (yellow bar)
Descriptive Text: Each person at Poste Italiane, through their work and daily commitment, contributed to the creation of €114,000 in GDP during 2023.
Poste Italiane's Contribution to Labor Income - 2023:
Icon: Yellow piggy bank
Bar Chart:
Direct labor income: €5,170 million (blue bar)
Indirect and induced labor income: €2,142 million (light blue bar)
Total labor income: €7,312 million (yellow bar)
Descriptive Text: Each person at Poste Italiane, through their work and daily commitment, contributed to the distribution of €61,000 to households during 2023.
Poste Italiane's Contribution to the PA - 2023:
Icon: Gray building
Bar Chart:
Direct contribution to the PA: €1,149 million (blue bar)
Indirect and induced contribution to the PA: €1,507 million (light blue bar)
Total contribution to the PA: €2,656 million (yellow bar)
Descriptive Text: Each person at Poste Italiane, through their work and daily commitment, contributed to the generation of €22,000 in tax revenue during 2023.
Poste Italiane's Contribution to Employment - 2023:
Icon: Green people
Bar Chart:
Direct employment: 120,155 (blue bar)
Indirect and induced employment: 77,118 (light blue bar)
Total employment: 197,273 (yellow bar)
Descriptive Text: Each person at Poste Italiane, through their work and daily commitment, contributed to the employment of 1.6 people during 2023.
Poste Italiane’s commitment to serving the country’s economic system is not limited to 2023, but is embedded in a path of annual value creation. In fact, from 2018, the Poste Italiane Group has generated overall impacts on the country of roughly €76 billion in Gross Domestic Product (GDP), €44 billion in employment income, and €13 billion in tax revenue. In addition, on average, the Group contributed to the creation of 187 thousand jobs between 2018 and 2023.
Title: Poste Italiane's Contribution between 2018 and 2023
General Description: The infographic presents four bar charts illustrating Poste Italiane's contributions to Gross Domestic Product (GDP), labor income, the Public Administration (PA), and employment for the period from 2018 to 2023. Each chart shows the annual trend of contributions and is accompanied by a representative icon.
Main Elements:
Poste Italiane's Contribution to Gross Domestic Product between 2018 and 2023:
Icon: Line chart
Bar Chart:
2018: €11,908 million
2019: €12,572 million
2020: €12,226 million
2021: €12,482 million
2022: €12,935 million
2023: €13,704 million
Descriptive Text: Total GDP generated between 2018 and 2023: €75,827 million.
Poste Italiane's Contribution to Labor Income between 2018 and 2023:
Icon: Piggy bank
Bar Chart:
2018: €7,505 million
2019: €7,534 million
2020: €7,443 million
2021: €7,275 million
2022: €7,003 million
2023: €7,312 million
Descriptive Text: Total labor income generated between 2018 and 2023: €44,074 million.
Poste Italiane's Contribution to the PA between 2018 and 2023:
Icon: Building
Bar Chart:
2018: €1,680 million
2019: €2,116 million
2020: €2,058 million
2021: €2,035 million
2022: €2,123 million
2023: €2,656 million
Descriptive Text: Total contribution to the PA between 2018 and 2023: €12,668 million.
Poste Italiane's Contribution to Employment between 2018 and 2023 (average):
Icon: People
Bar Chart:
2018: 183,699
2019: 188,767
2020: 191,228
2021: 182,596
2022: 180,563
2023: 197,273
Descriptive Text: Average employment between 2018 and 2023: 187,354
Impacts generated in individual Territorial Areas in 2023
Considering the region of the registered office of suppliers, the indirect impacts generated by them in each Territorial Area in 2023 have been identified.
Title: Poste Italiane's Contribution in Different Geographic Areas
General Description: The infographic represents the economic contribution of Poste Italiane divided by different geographic areas of Italy: North West, North East, North Central, Central, South, and Sicily. Each area is illustrated with a chart indicating the GDP generated, labor income, and employment.
Main Elements:
North West Area:
GDP: €1,400 million
Labor Income: €589 million
Employment: 19,497
North East Area:
GDP: €182 million
Labor Income: €79 million
Employment: 3,033
North Central Area:
GDP: €202 million
Labor Income: €97 million
Employment: 3,684
Central Area:
GDP: €884 million
Labor Income: €395 million
Employment: 14,809
Southern Area:
GDP: €376 million
Labor Income: €186 million
Employment: 6,719
Sicily Area:
GDP: €74 million
Labor Income: €46 million
Employment: 1,601
The various areas examined generated GDP values of between roughly €70 million and €1.4 billion. This results in an employment level of no less than one 1,600 people and total employment income between €45 million and €590 million approximately.
Impacts of Italian SME suppliers
Considering the parameters defined by the European Commission, the Italian suppliers that are characterised as Small and Medium Enterprises (SMEs) and the indirect impacts attributable to them have been identified.
Title: Impacts of Italian SME Suppliers
General Description: The infographic summarizes the main economic contributions of Poste Italiane, divided into four categories: Gross Domestic Product (GDP), Employment, Labor Income, and Contributions to Public Administrations (PA). Each category is represented with an icon and the related economic data.
Main Elements:
Gross Domestic Product (GDP):
Value: €1.3 billion
Employment:
Value: 23,000 employed
Labor Income:
Value: €650 million
Contributions to Public Administrations (PA):
Value: €414 million
In 2023, SMEs impacted the level of Gross Domestic Product for a value of €1.3 billion, leading to the employment of 23,000 people and an income distribution of around €650 million.
Finally, €414 million has been generated in terms of tax revenue.
The economic value generated and distributed by the Poste Italiane Group
The economic value created in 2023 amounts to over €12 billion, roughly 84% distributed to stakeholders.
Title: Distribution of Generated Economic Value and Allocation of Distributed Economic Value
General Description: The infographic presents two doughnut charts showing the distribution of the economic value generated by Poste Italiane and the allocation of the distributed economic value. The charts are accompanied by percentages indicating the different categories of distribution and allocation.
Main Elements:
Distribution of Generated Economic Value:
Retained economic value: 16%
Distributed economic value: 84%
Allocation of Distributed Economic Value:
Categories and Percentages:
Percentage of economic value distributed to employees: 48.48%
Percentage of economic value distributed to suppliers: 32.07%
Percentage of economic value distributed to shareholders: 9.96%
Percentage of economic value distributed to the Public Administration: 8.63%
Percentage of economic value distributed to financiers: 0.82%
Percentage of economic value distributed to the community: 0.04%