Intesa Sanpaolo’s commitment to sustainability and culture
The Consolidated Non-Financial Statement is a document that gives account of the Group’s commitments and achievements in the ESG (environmental, social and governance) field, that meet the expectations of the various stakeholders involved in a systematic process of engagement and dialogue.
Intesa Sanpaolo’s Non-Financial Statement is drawn up in accordance with Section 4 of Italian Legislative Decree no. 254/2016 and with GRI (Global Reporting Initiative) Standards. Consideration was also given to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), adopted by Intesa Sanpaolo in October 2018, for the voluntary dissemination of transparent reporting on the risks and opportunities linked to climate change. In keeping with applicable rules, the document contains information on environmental, social, employment and human rights issues, and on the fight against active and passive corruption: for each of these issues, the company’s management and organisational model is presented together with the risks generated and sustained, the corresponding methods of risk management, the policies adopted and the key performance indicators.
Italian Legislative Decree no. 254/2016, deriving from the European Directive on non-financial reporting, introduced the obligation for public-interest entities of a certain size to publish a non-financial statement. Intesa Sanpaolo publishes a Non-Financial Statement insofar as it comes within the scope of the Decree; however, it already has a long history of publishing sustainability reports, going back to the Group’s foundation in 2007. The Consolidated Non-Financial Statement is thus in keeping with this approach, adopted on a voluntary basis.
Intesa Sanpaolo governs the process of preparing, approving and publishing the Non-Financial Statement through specific guidelines (accompanied by the corresponding operational guide), approved by the BoD.
Content of the 2018 Consolidated Non-Financial Statement
The Non-Financial Statement opens with a letter to stakeholders, signed by both the Managing Director and CEO, and the Chairman: this letter describes the Group’s identity and business profile, its governance and risk management systems, and then offers details of all those questions of importance for the Bank and its stakeholders that emerge from the annual materiality analysis.
The relevant issues are reported below: more specifically, details are given of the projects, indicators, actions and results obtained in 2018, together with the targets to 2021 established by the Plan, for each relevant issue.
The Consolidated Non-Financial Statement is forward-looking, and features a section given over to targeted improvements, which incorporates the content of the 2018-2021 Business Plan, in keeping with the undertaking to create value for all stakeholders, and to reinforce its leadership in Corporate Social Responsibility.
In this sense, the Group, including in its strategy, takes into consideration the Sustainable Development Goals (SDGs) set by the United Nations, and in the Consolidated Non-Financial Statement it proposes a concrete response to 11 SDGs whose results have now become an integral part of the Bank’s sustainable and responsible business model.
Finally, the document includes certification by the Independent Auditors KPMG. l’attestazione della società di revisione KPMG.
June 2019
