Relations with national, European and international institutions and advocacy actions
Intesa Sanpaolo, through the International and Regulatory Affairs Department, develops and oversees relations with stakeholders, institutions, legislative bodies and supervisors at the national, EU and international level, with the aim of supporting, on the one hand, the Group, its partners and customers in their sustainable development path over time and participate, on the other, in the discussion on new regulatory proposals, ensuring knowledge and updating on regulations and significant consultation processes, as well as timely implementation of corrective measures required by the supervisory authorities.
During 2016, the definition of the measures related to the resumption of economic growth was closely monitored (with particular reference to those aimed at facilitating access to credit), to stimulating investment in research and innovation, to completion of the process of liberalisation of economic activities and to the strengthening of the international projection of the business system.
Great importance was given to the issue of the Circular Economy via:
monitoring and timely information on events that have an impact on the activities carried out by colleagues and on the Group's strategies and activities in this area;
support in organising a Conference in collaboration with ENEA on "The Italian way to the Circular Economy";
monitoring of national and regional legislation on the circular economy, waste management and the sharing economy.
Intesa Sanpaolo accepted the invitation of the Ministry for the Environment, Land and Sea and of UNEP-United Nations Environment Programme to prepare the National Dialogue on Sustainable Finance involving, at the national level, the main stakeholders active in the sustainable finance sector: the Ministry of Foreign Affairs, the Ministry of the Economy and Finance, the main regulatory Authorities (Bank of Italy, Consob, Antitrust, Covip, IVASS), various trade associations (ABI, ANIA, ACRI, Confindustria) and a number of industry players (in addition to Intesa Sanpaolo, UniCredit, Generali and Cassa Depositi e Prestiti).
The initiative of the Ministry of the Environment is part of the broader framework of activities carried out globally by UNEP which, since 1992, has activated the UNEP Finance Initiative, a partnership between the United Nations and the financial sector with over 200 members, including banks, insurance companies and investment funds. The full Report, to which Intesa Sanpaolo has contributed with the drafting of the chapter "Greening the Equity and Debt Capital Market" in collaboration with the Italian Stock Exchange, was officially presented on 6 February 2017 to the Bank of Italy and represents the proposal of a possible common process between the Ministry of the Environment and banks/insurance companies/enterprises to talk about sustainable finance at the national level.