The Corporate Social Responsibility,set up in order to monitor and coordinate the various issues relating to social responsibility, reports through the Chief Governance 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 Risk Committee supports the Board of Directors:
in the evaluation and in-depth analysis of the corporate social responsibility's matters, contributing to ensure, also in this respect, the best risk control
in approving the Code of Ethics
in the supervision of the Bank's information and communication process, including the information about corporate social responsibility.
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 Governance Officer, the CEO governs sustainability performance.
Corporate Social Responsibility CSR Delegates
Corporate Social Responsibility is responsible for:
ensuring the effectiveness of the strategies and actions taken with regard to social and environmental responsibility
updating the Code of Ethics and monitoring itsimplementation
ensuring the drafting of the Sustainability Report and other thematic Papers
monitoring the dialogue and relationship with the Socially Responsible Investors’ financial community and ensure them a timely feedback on ESG issues (Environment, Social and Governance)
setting environmental guidelines consistent with corporate policies and strategies, developing long-term plans of action and monitoring the activities generating environmental impacts (Energy Manager)
promoting and spreading a "sustainability culture"
guaranteeing the updated mapping of our stakeholders' interests and legitimate expectations.
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.