The first Consolidated Non-financial Statement was published, pursuant to D.Lgs 254/2016, that introduced the obligation for certain companies and large groups to communicate non-financial information.
The document includes and extends the content of the previous Sustainability Report and is the result of long and well-established tradition and experience in sustainability reporting.
The Consolidated Non-financial Statement confirmed the position of Intesa Sanpaolo as a real economy Bank, with a specific attention paid to financial inclusion, vulnerable groups of customers, households and businesses affected by the financial crisis or earthquakes and environmental disasters in Italy, with the disbursement of loans with a high social impact in 2017 and a high commitment on environmental issues, with the activities to contain CO2 emissions and to support the renewable energy and energy efficiency sector.
Intesa Sanpaolo was confirmed in the main indices and rankings of sustainability and was the only Italian company inclused by Bloomberg in the Gender equality Index (GEI) focused on the theme of gender equality. For its sustainability performance Intesa Sanpaolo was also included in the Robeco SAM Sustainability Yearbook 2018.
Task Force on Climate-related Financial Disclosures (TCFD)
Intesa Sanpaolo supports the recommendations of the TCFD (Task Force on Climate-related Financial Disclosures), established in December 2015 by the Financial Stability Board (FSB) – an international body that monitors the global financial system. In June 2017, the Task Force published a Final Report with eleven recommendations regarding four areas: Governance, Strategy, Risk Management, Metrics and Targets. Many organizations have already expressed their support for TCFD recommendations.
Network of CSR Delegates
The support of the CSR Delegates’ network continued, both for the monitoring of the application of the Code of Ethics and in the process of collecting contributions for the Consolidated Non-financial Statement.