Banca Popolare di Sondrio and the other companies in the Group conduct their business in full compliance with the values and principles in their Code of Ethics, in full awareness that correctness, transparency, integrity and professionalism are essential conditions for sustainable economic development of the Community.

In the light of the new European regulations in the field of sustainable finance, the Bank's commitment to update its strategies and implement its processes is increasingly strong, in order to better integrate sustainability into the business, particularly regarding climate aspects.

The Bank's Code of Ethics outlines the values and principles of conduct, policies and regulations governing the Bank's activities and applies to each person operating or representing the Bank directly or indirectly, contributing to the implementation of corporate social responsibility.

The Sustainability Policy, approved by the Board of Directors in 2021, is our ‘guiding’ document for integrating sustainability into the Group’s business and operations, in terms of:

Sustainability Policy in terms of: social issues, environmental protection, human resources development, human rights protection and fight against corruption

 

With our 2025-2027 Sustainability Plan, we are strengthening our commitment to a more responsible and inclusive future. Over the next few years, the Bank’s efforts and actions will be guided by measurable objectives: from sustainable credit to the energy transition, with a strong focus on the valorization of people and the integration of ESG criteria into corporate processes.

Business

Credit

€2.4bn of new financing with positive environmental and social impact

Green, Social and Sustainable Bonds

€1.0bn of new bond issuances

Insurance Products

Development of the offering of insurance policies against catastrophe risk and health plans for businesses

People and Community

Training

Mandatory annual training on Sustainability topics for employees and governing bodies

Financial education

Financial and Sustainability education for 1,500 students; free training is also planned for stakeholder

Supply Chain and Operations

Reduction of operational GHG emissions

14% of Scope 1 and 2 emissions reduction by 2030 (-7% by 2027)

Renewable electricity

100% of electricity purchased from renewable sources from 2026

Suppliers evaluation

80% of purchases in terms of total spending evaluated with Sustainability criteria

Other Sustainability Iniziatives

NZBA Targets

We are pursuing the Net-Zero targets in line with our commitments to the Alliance and the publication of the first set of targets (December 2024)

Remuneration

We are strengthening the Sustainability criteria in top management's incentive systems

Diversity, equal opportunities and inclusion

We are implementing initiatives in favour of gender equality, parenthood and inclusivity

In line with this path, BPS has joined the financial partnership of the United Nations Environment Programme (UNEP FI) and the initiatives Principles for Responsible Banking (PRB) and Net-Zero Banking Alliance (NZBA).
These memberships allow us to express our traditional values of closeness to the territory and the communities in a renewed commitment to facing contemporary challenges.

UNEP FI, PRB, NZBA