According to the definition proposed in the report “Our Common Future” (Brundtland Report) published in 1987 by the World Commission on Environment and Development (WCED) of the United Nations, sustainable development is the kind of development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
Banca Popolare di Sondrio, always supportive to the territories in which it operates, is committed to promoting sustainable economic development of the Community, through attentive and personalized support to small entrepreneurs, ordinary citizens, medium and large enterprises.
The Bank has adopted an articulated sustainability governance structure with the direct involvement of the Board of Directors, which defines the strategies at Group level and supervises the correct monitoring of these issues, also with the support of the Sustainability Management Committee, which is responsible for coordinating the related activities. At an operational level, a dedicated organisational unit (Sustainability Office) monitors regulatory developments and manages specific initiatives in the ESG field, assisting the various corporate functions involved.
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 is the cornerstone of the model adopted by the Bank, identifying the commitment and approach followed to maximise the creation of shared value over the long term through economically, environmentally and socially sustainable development. The Policy defines the principles, guidelines and relevant sustainability issues that are identified, implemented and monitored in order to take into account the interests of all stakeholders, both internal and external, with a view to continuous evolution.
The Environmental Policy identifies the Bank’s approach in the management of the environmental themes, highlighting the measures and the interventions it intends to adopt over time. The Bank considers the environmental impacts as a relevant topic and consequently aims to reduce the effects on the environment generated by the consumption of resources, the generation of waste and other activities with direct impact and also to manage the effects arising from activities with indirect impact, related to products and services for the customers.
The BPS Group frames its sustainability reporting by linking its material issues to the SDGs of reference.
The 2030 Agenda for Sustainable Development is an action program for people, the planet and prosperity, signed in September 2015 by the governments of the 193 UN member countries, which encompasses 17 Sustainable Development Goals (SDGs).