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.
Integration of ESG factors in our business
In 2021, we developed an ESG governance system that involves continuous dialogue between the various bodies to overseeing and managing Sustainability integration.
Sustainable management cannot be achieved without adequate training and information: this is why a first training module for the Board of Directors and Sustainability Committee was organised in the last quarter of 2021.
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:
Our commitment to the 2030 agenda
The BPS Group frames its sustainability reporting by linking its material issues to 12 SDGs of the 17 reference SDGs.
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).
UN Global Compact
The United Nations Global Compact is the world’s largest strategic corporate citizenship initiative, born from the desire to promote a sustainable global economy: respectful of human and labor rights, environmental protection and the fight against corruption.
It was proposed, for the first time in 1999, at the World Economic Forum in Davos, by former UN secretary Kofi Annan, who invited the world’s economic leaders present at the meeting to sign with the United Nations a "Global Pact", in order to address the most critical aspects of globalization in a logic of collaboration. Thus, in July 2000, the United Nations Global Compact was launched to which, since then, more than 18,000 companies from 160 countries around the world have joined, giving life to a new reality of worldwide collaboration.
Banca Popolare di Sondrio has been participating in this project since 2004, thus accepting the invitation of the United Nations to synergistically involve the world of business and non-governmental organizations in the great challenges of humanity. Furthermore, in 2018, the Bank renewed its support for the Global Compact project by joining, as a founding member, also the Italian network (Global Compact Network Italia - GCNI).
The Ten Principles of the Global Compact have always been part of Banca Popolare di Sondrio's strategy and corporate culture, as well as of the banking and financial activities it carries out on a daily basis. Therefore, as every year, our bank confirmed its support for the United Nations Global Compact and reiterated its commitment in the field of corporate sustainability by publishing its Communication on Progress (COP).