Adherence to international standards - Intesa Sanpaolo
Adherence to international standards
Intesa Sanpaolo undertakes to observe the principles of sustainable development and has adhered to important international initiatives aimed at promoting dialogue among firms, international organisations and society in general and to pursue respect for the environment and human rights.
Intesa Sanpaolo formalised, in 2007, its adherence to the UN Global Compact, a voluntary initiative launched by the United Nations, which aims at promoting corporate social responsibility through the adherence to ten fundamental principles relating to human rights, labour, the environment and the fight against corruption. Intesa Sanpaolo participates in the Global Compact Italian Network by adhering to the GCNI Foundation.
Intesa Sanpaolo has taken part in the United Nations Programme for the Environment in the finance sector (UNEP FI) since 2007; this initiative intends to involve a wide range of banks in a constructive dialogue on economic development, environment protection and sustainable development.
Intesa Sanpaolo is one of over 130 leading banks across the world and the largest Italian bank, among the institutions that signed the "Principles for Responsible Banking (PRB)" from UNEP FI, the United Nations Environment Programme Finance Initiative. These are principles that establish the role and responsibility of the banking sector in supporting a sustainable future.
In 2007 the Group adopted the Equator Principles, a set of voluntary international guidelines and benchmarks for the financial sector in identifying, assessing and managing the environmental and social risks in projects. The guidelines have been developed by a group of international banks on the basis of the IFC safeguard policies (International Finance Corporation - a subsidiary of the World Bank).
Carbon Disclosure Project (CDP) is an international non-profit organization providing companies and states with a global information system regarding climate change. Counting on the support of 650 institutional investors representing $ 87 trillion in assets, CDP monitors companies' policies and energy performances as well as their ability to manage the related economic opportunities and climate risks. The Group adheres as a signatory to CDP through Eurizon Capital SGR and the Intesa Sanpaolo Group Pension Fund.
Global Reporting Initiative: organisation whose mission is to develop sustainability guidelines recognised globally through a multi-stakeholder process. Intesa Sanpaolo is accredited since 2010 as a GRI Gold Community Member.
Intesa Sanpaolo joined in 2013 the LBG, an internationally recognized standard for companies’ reporting of community investments.
The Principles for Responsible Investment (PRI) are principles geared to achieving a sustainable global financial system, born from the partnership between the UNEP-FI and the UN Global Compact. The Intesa Sanpaolo Group adheres as a signatory to the Principles through Eurizon Capital SGR and the Intesa Sanpaolo Group Pension Fund.