The Charity Fund, and social and cultural initiatives
In keeping with a longstanding tradition, Intesa Sanpaolo S.p.A.'s Articles of Association provide for the allocation, through the “Charity Fund for social and cultural initiatives", of a share of the distributable profits to supporting projects that revolve around solidarity, social utility and value of the individual.
The Fund management and use methods are governed by a Regulation approved by the Bank's Board of Directors in a transparent manner and consistently with the commitments set out in the Intesa Sanpaolo Group Code of Ethics. These principles are aimed at sharing with the community attention to the person as well as human rights, economic and social solidarity, sustainable development, environmental protection and support to culture.
In the choice of sectors and projects, special attention is paid to the guiding values, the merit of the initiatives under proposal, and the importance of the social needs to be tackled.
The activities are carried out according to transparent and accountable methods, adopting procedures that avoid any possible conflicts of personal or business interests.
Steps are taken to guarantee that the donations made are free from any commercial interests.
Governance e staff
Chairman of the Board of Directors
The Chairman of Intesa Sanpaolo's Board of Directors sees to the overall management of the Fund.
His duties include the preparation, with a two-year horizon, of the Guidelines on social and cultural initiatives supported by the Group, with the support of the Managing Director and a Technical-Scientific Committee. The Guidelines, which identify goals, strategic priorities and key themes, are approved by the Board of Directors and are implemented in a Two-Year Plan of which the Chairman ensures the implementation and monitoring through the Chairmanship's Technical Secretariat.
The Chairman also proceeds to authorise the central donations (amount exceeding 5,000 euro) within the limits under his responsibility.
He reports on the Fund management to the shareholders' meeting and the public through the Bank's website and in the Sustainability Report.
Technical Secretariat of the Chairman
The Technical Secretariat of the Chairman assists the Chairman in drafting the Guidelines, and planning, organisation and monitoring of the Charity Fund's initiatives.
Divisione Banca dei TerritoriIt develops the Two-Year Plan, which interprets the Guidelines in actionable terms.
It reviews requests, carrying out checks on the applicant entity, considering the track record of the applicant to ascertain the probability of success, performing an ex-ante impact assessment of projects, and passing on requests for authorisation. Following approval, it monitors the projects undertaken.
It coordinates the activities of Charity Funds which are independent from the Intesa Sanpaolo Group banks in Italy and international subsidiary banks.
Banca dei Territori Division
The Banca dei Territori Division supervises local donations (sums of up to 5,000 euro) which are made through the Regional Governance Centres.
The Regional Governance Centres examine donation requests for up to 5,000 euro per project in their own regions, carrying out checks on applicant entities and their initiatives, and tracking down all necessary documentation. If an application is deemed worthy, these centres authorise the donations.
Types of donations
The donations are categorised, on the basis of the contribution requested, as:
- "Local donations" (up to a maximum of 5,000 euro), which are mainly directed to the support of projects and initiatives with a direct local impact, and are also aimed at promoting the sharing of international solidarity projects appropriate to the local community. They are managed and authorised in a decentralised manner by the Banca dei Territori Division through the Regional Governance Centres;
- "Central donations" (for sums over 5,000 euro, up to a maximum of 500,000 except in particular cases). These support large-scale projects with significant social value; they are managed by the Technical Secretariat of the Chairman and authorised by the Chairman, following a precise procedure which is outlined in the Fund Regulation.
Last updated 14 November 2019 at 15:21:28