Intesa Sanpaolo subscribes to the United Nations’ principles
Intesa Sanpaolo subscribes to the principles of responsible banking (PRB) from UNEP FI (the financial institution section of the United Nations Environment Programme).
The Principles provide the framework for a banking system that is sustainable, that acts in a transparent manner when creating value for all stakeholders, and is capable of making a significant contribution to resolving the major questions concerning sustainability. More specifically, they indicate the undertakings to be made in order to align the banking sector with the UN Sustainable Development Goals and with the 2015 Paris Agreement on climate change.
In underwriting the Principles on the eve of the UN General Assembly, thus including Intesa Sanpaolo among the founding signatories, the CEO and Managing Director Carlo Messina said: “Intesa Sanpaolo has been a member of UNEP FI and the UN Global Compact since the founding of the Group in 2007. For a bank like ours, which has established sustainability among the objectives of the 2018-2021 Business Plan, subscribing to the Principles was a natural step to take. We are implementing important commitments such as the 5-billion-euro Circular Economy Fund, in regard to which we have planned the market placement of our second Sustainability Bond".
“Confirmation of the commitment to sustainability, for which the Bank has received various forms of international recognition, such as its inclusion in the Dow Jones Sustainability Index”
The Principles are:
the alignment of business strategy with the UN’s sustainable development objectives, in keeping with the company’s requirements in diverse local contexts
the management of the impact of the company’s business on individuals and the environment; • supporting customers who promote sustainability and the prosperity of present and future generations
the pro-active involvement of, and cooperation with, stakeholders in order to achieve objectives
the promotion of a form of governance and a company culture aimed at the achievement of the objectives
the monitoring of the application of principles, and transparency concerning the results achieve
The commitment of Intesa Sanpaolo, one of the soundest and most profitable banks in Europe, to the questions of social and environmental sustainability, has been prestigiously recognised on various occasions over the years. For the ninth year running, Intesa Sanpaolo has been included – as the only Italian bank – in the Dow Jones Sustainability Index Europe and Dow Jones Sustainability Index World, which are among the most important global and European stock exchange sustainability indices.
September 2019
