Code of Ethics implementation and governance - Intesa Sanpaolo
Implementation and governance
Intesa Sanpaolo has adopted an implementation and governance system aimed at promoting the integration of company strategies, policies and procedures with the principles and values stated in the Code of Ethics, through an uttermost sharing and diffusion of its contents.
The model from which the Intesa Sanpaolo Group draws inspiration is based on the self-responsibility of departments that pursue and defend the reputational value of socially responsible behaviour. Each company department develops its actions and activities being inspired by the principles and values of the Code of Ethics. Every department is therefore directly responsible, within its own sphere of influence, for determining and formalising the goals, as well as the consequent plan of actions and projects.
Within each department and Subsidiary Bank, Corporate Social Responsibility (CSR) Delegates are appointed who, operating within their department and in network, cooperate with Corporate Social Responsibility by identifying the social responsibility objectives within their own structure, managing, monitoring, and periodically reporting on the projects in progress and maintaining relations with the reference stakeholders.
Corporate Social Responsibility
on the one hand, monitors the effectiveness of dissemination and information through tools identified each time starting from internal assessments focused on measuring knowledge and awareness highlighting areas of weakness and possible intervention; on the other hand, in case of sensitive ethical and reputational areas provides and shares company's policies and guidelines;
supports and advises departments within the company;
in agreement with the responsible functions identifies and reports specific indicators to assess the level of achievement of social and environmental goals compared to the commitments undertaken;
cooperates with the Human Resources Department in the development and diffusion of the culture and values contained in the Code of Ethics;
monitors, with the support of the Chief Audit Officer, the compliance with the principles and values contained in this Code of Ethics, reporting annually to the Management Control Committee and to the Supervisory Body in accordance with Legislative Decree 23/2001;
proposes the appropriate changes to make the Code consistent with the current company’s situation
The implementation process of the Code of Ethics – integrated with the management processes underlying the Sustainability Report – envisages an evaluation and a third-party assessment in accordance with the principles and contents of the ISO 26000 standard. The statement on the CSR governance level in the Intesa Sanpaolo Group describes the method applied and the results, with separate assessment of respect for human rights.
Assurance Statement over the governance on Corporate Social Responsibility - January 2019
Audit interventions to verify the implementation of the Code of Ethics
Compliance with the principles and values of the Code of Ethics was monitored with the support of the current Chief Audit Officer, so that it could be reported annually to the Management Control Committee and the Surveillance Body pursuant to Legislative Decree 231/2001. Audits were conducted on 20 risk areas that also considered social and environmental responsibility aspects and implications including:
transactions with Related Parties and associated entities;
personnel remuneration and incentive systems (in various Group companies) and the policies for the selection/hiring of Employees;
reporting on the Research and Development Special Fund financing; management of the Sustainable Growth Fund and more generally the disbursement of loans in specific segments or business areas (involving an assessment of social and environmental elements);
system of controls on health and environmental safety (Safety and Protection Department);
tests on investment tools (e.g. PIR- Individual Savings Plans) or on mechanisms safeguarding depositors (e.g.: National Interbank Deposit Guarantee Fund) for certain contexts in the Fideuram Group;
management of purchasing procedures (i.e. centralised purchasing or for specific companies and activities), of monitoring and qualification of suppliers and of the significant outsourced processes of important operational functions;
local sponsorships and donations from the Charity Fund of the Banca dei Territori Division;
fraud prevention activities (Fideuram) and compliance with the Group's Internal Code of Conduct (Banca dei Territori Division).
The audits did not identify any breaches or critical issues.