Code of Ethics, Guidelines and Governance
The application of our Code of Ethics combined with an effective Governance system allows us to integrate Sustainability in the Group’s business model.
We have created important units: the Sustainability Committee at board level, the ESG Committee at executive level and the corporate Transition & Sustainability unit. They work together to stimulate and improve all activities, defined in our Sustainability Strategy, including the implementation of Policies on the various ESG aspects, the strengthening of the integration of ESG objectives in the incentive plans of Top management and the realization of a framework for issuing green, social and sustainable bonds.
CODE OF ETHICS
The Code of Ethics identifies the principles and values that
underpin our corporate culture and inspire the daily actions of
everyone in our team.
The document states that the Group and all of those that operate with us are committed to respecting human rights, job protection, and the fight against corruption, organised crime and terrorism.
BOARD OF DIRECTORS
The Group’s sustainability is monitored by the Board of Directors which defines the management and coordination policies regarding non-financial disclosure, the socio-environmental policies and approves annually the Consolidated non-financial statement and the associated materiality analysis.
SUSTAINABILITY COMMITTEE
Internal board committee that supervises the Bank’s sustainability objectives, in coordination with the Internal Control and Risks Committee.
ESG COMMITTEE
Established by the Board of Directors, the Environmental, Social and Governance (ESG) Managerial Committee is chaired by the Chief Executive Officer and counts two Joint General Managers among its permanent members.
Its main tasks include evaluating the Group’s positioning and coordinating all the activities required to achieve the strategic sustainability objectives.
TRANSITION & SUSTAINABILITY UNIT
Reports directly to the Co-General Manager – CFO and coordinates all the activities performed by internal functions. The unit is organized into two functions:
ESG STRATEGY FUNCTION – Responsible for ESG approaches, methodologies, metrics, KPIs and disclosure;
ESG BUSINESS ADVISORY FUNCTION – Supports all the Group’s companies in implementing the ESG strategy.
ESG AMBASSADORS
The main contacts on sustainability issues within the various corporate structures and share the main issues to be addressed with the sustainability structure.
Guidelines and commitments
In order to operate in full transparency, we publish the guidelines and commitments that govern our business and corporate operations and which have been developed according to the principles defined in the Code of Ethics, which is the milestone of our governance system.