The Corporate Social Responsibility,set up in order to monitor and coordinate the various issues relating to social and environmental responsibility, reports through the Chief Financial Officer to the Managing Director and CEO and Board of Directors. It collaborates with a network of Delegates within the various departments in Italy and abroad.
The Board of Directors approves the annual Consolidated Non-financial Statement and the updates to the Code of Ethics, supported by the Risk Committee.
The Risk Committee analyses and evaluates corporate social responsibility's matters, contributing to ensure, also in this respect, the best risk control.
The Management Control Committee, with the support of the Corporate Social Responsibility and Internal Audit functions, monitors the compliance with the principles and values contained in the Code of Ethics.
CHIEF EXECUTIVE OFFICER
Through the Chief Financial Officer, the CEO governs sustainability performance.
CHIEF FINANCIAL OFFICER Corporate Social Responsibility CSR Delegates
Corporate Social Responsibility is responsible for:
supporting Top Management and Corporate Bodies in the definition of CSR policies and strategies;
updating the Code of Ethics and monitoring its application;
presiding with the competent structures the dialogue and relations with the financial community of Socially Responsible Investors;
collaborating with other Group structures in the assessment of social and environmental risks in business development;
providing to the social and environmental reporting;
presiding the dialogue with stakeholders on the issues of competence;
setting environmental guidelines, by developing with the competent departments long-term plans of action, monitoring their implementation;
supporting training and communication activities on social and environmental issues.
The Code of Ethics, adopted in 2007, expresses the identity of the Bank, its mission and values and the principles adopted in the relationship with stakeholders.
Corporate Social Responsibility reports periodically to the Management Control Committee on theapplication status of the Code of Ethics, on critical elements and on stakeholders’ reports, as well as on the consequent corrective actions envisaged.
Assessment of the critical elements is based on the results of periodic analyses conducted by an independent specialised consulting company to assess consistence of the corporate management processes with the values of the Code of Ethics. The report to the Governance Bodies also includes a summary of reports from stakeholders of any violation of the corporate principles and values.