Guided by our cooperative values, we promote the definition of a sustainable path to achieve the well-being of shareholders, people and local areas in which we operate in order to pass it on to future generations.
We have developed a path consistent with our Mission and nature as a Cooperative Banking Group, also pursuing the Sustainable Development Goals (SDGs) of the 2030 Agenda defined by the United Nations. The path is guided by a structured ESG Governance model consisting of the Board of Directors, the Risks and Sustainability Committee and the Parent Company's ESG Steering Committee. The model is complemented by the Governance and the ESG-related organisational oversight functions of the Affiliated Banks and Subsidiaries.
Along the path we have taken, “Sustainability” means:
as
Banks
ensuring prudent and balanced management to continue fulfilling our role of serving the local Communities in which we operate.
as
Cooperative Credit
Banks
enhancing our first-hand knowledge and privileged relationship with cooperating members, resulting from our deep territorial roots as local banks.
as
Group
combining the autonomy of our banks with the economies of scale and synergies that derive from being a cooperative banking group.
The Cassa Centrale Group's Sustainability Plan
The Group's Sustainability Plan:
- identifies strategic objectives in line with the Group's Mission, Strategic Plan, industry best practices and expectations of legislators and the Supervisory Authority on ESG issues;
- is updated annually and submitted for approval to the Parent Company's Board of Directors after the favourable opinion of the Risks and Sustainability Committee;
- is monitored periodically.
The process of updating the Sustainability Plan, based on an approach aimed at integrating developments and strengthening its strategic role, involved the identification of new projects and at the same time a rationalisation of previous ones. The projects of the Plan thus identified include specific indicators and positioning targets for the three-year period 2023-2026.
The ESG areas of the 2023-2026 Sustainability Plan , its strategic objectives and main activities are outlined below.
Strategic Objective: promote efficient and responsible consumption of resources and reduce the carbon footprint.
Main activities:
- Energy efficiency;
- Setting decarbonisation targets;
- Obtaining environmental certification systems.
Strategic Objective: fostering financial inclusion and supporting local growth.
Main activities:
- Promotion of awareness-raising initiatives in favour of financial inclusion;
- Updating the supplier evaluation, selection and monitoring process with ESG criteria;
- Enhancement of good practices implemented by Affiliated Banks.
Strategic Objective: strengthen ESG oversight by aligning it with best practices and ensure transparent reporting.
Main activities:
- Compliance of non-financial reporting with regulatory requirements and expectations of the Supervisory Authority;
- Definition of performance management systems with progressive integration of ESG objectives;
- Ongoing assessment of compliance with international standards and initiatives.
Strategic Objective: enhancing skills, developing an open and inclusive environment and improving well-being.
Main activities:
- Updating of specialised training programmes;
- Adoption of Diversity and Inclusion initiatives;
- Identification of new welfare instruments.
Strategic Objective: integrating the offer with ESG solutions and fostering digital transformation.
Main activities:
- Development of an ESG credit product portfolio;
- Expansion of ESG investment product portfolio;
- Improving the customer experience through new digital solutions.
