Code of Ethics The process of monitoring the implementation of the Code of Ethics continued on the basis of the ISO 26000 Guidelines, implemented in 2013 and carried out on an annual basis by an independent third party (Bureau Veritas). The activity was conducted from November 2017 to January 2018 with an update of previous assessments further to analysing documentation and policies related to priority themes, interviewing the functions more closely involved in CSR issues (in Italy) and proposing questionnaires for self evaluation (in the foreign banks) - (Assurance Statement over the governance on Corporate Social Responsibility - PDF - 461 KB).
Policy In December, the Board of Directors approved the "Principles on Human Rights" consistent with the UN Guidelines on Business and Human Rights. The policy defines the Group's commitment to human rights in the relationship with all internal and external stakeholders and clarifies the main areas of responsibility towards each of them.
Training A video principles and values of the Code of Ethics was created for the Managers’ School platform and a training course on the topic was also made available. The training initiative dedicated to International banks on managing reports of non-compliance with the Code of Ethics continued, involving the Serbian bank Banca Intesa Beograd. Sustainability Report The Global Reporting Initiative released the verification statement of the Report's contents adherence to the G4 standard, in accordance with the "core" option. Alongside the Sustainability Report, the publication Stakeholder Engagement 2015 and Improvement Objectives 2016 (PDF - 3,746 KB) was issued. The second edition of the Community Paper (PDF - 2,373 KB) was also published.
Sustainability indices Intesa Sanpaolo was confirmed in the indexes where it was included and was encompassed by the Carbon Disclosure Project in the "Climate A list 2017", which includes 112 listed companies selected for the advanced approach to climate change mitigation. For its sustainability performance Intesa Sanpaolo was also included in the Robeco SAM Sustainability Yearbook 2017 and received the Bronze Class Sustainability Award 2017.
Climate Change Action Plan Climate Change Action Plan, a new multi-year Environmental Sustainability Plan, has been set up with targets up to 2022 and 2037. In the new Plan the Group states CO2 emission targets linked to its activities, taking 2012 as the reference year. The objectives to be reached by 2022 are supported by targeted actions, in Italy and in some foreign Banks, with the quantification, in various cases, of economic savings and avoided CO2 emissions.
Green Bond The Intesa Sanpaolo Group has launched its first green bond for a total amount of € 500 million, earmarked for financing environmental sustainability initiatives and projects. This operation is in line with the Group's strategy which sees the environment as a cornerstone of its commitment to sustainability.