Relations with national, European and international institutions and advocacy actions
Intesa Sanpaolo, through the Chief Institutional Affairs and External Communication Officer Governance Area, mantains and develops relations with national, European and international institutions, regulators, supervisors and stakeholders, with the aim of supporting the Group, its partners and customers in its sustainable development path over time. It takes part in the debate on new regulatory proposals by sharing the the knowledge across the relevant internal Functions and updating them on the developments of the legislative process and on relevant consultations processes, as well as the timely implementation of corrective measures required by supervisory authorities.
Intesa Sanpaolo Group contributes, within the Italian Banking Association (ABI), to specific Working Groups (WGs), active on the relationship between financial risks and climate change, socially responsible investing or social investment, sustainability and non financial reporting. In 2018 analysis and studies of the WGs focussed primarily on themes related to the Commission's action plan on sustainable finance and to taxonomy, an EU classification system to determine whether an economic activity is environmentally sustainable.
In 2018, Intesa Sanpaolo Group also participated to:
the consultation launched by the Italian Ministry for Environment, Land and Sea Protection (MATTM) on indicators for measuring the circular economy
the Circular Economy Working Group promoted by the COTEC Foundation which has the objective to promote and to encourage innovation and technological development in Italy
to the work of the Italian Observatory for Sustainable Finance promoted by the MATTM which brings together national relevant stakeholders from the public and private sector including banks, investment funds and insurance companies.