Anchored in our values,
projected towards a sustainable future
NFS 2023 - HIGHLIGHTS
OUR JOURNEY
The implementation of the ESG Plan - part of the Group's Business Plan - strengthens our increasing commitment to integrating Sustainability into our business.
Update of the Sustainability section of our corporate website
Publication of the first TCFD Report
Identification of the preliminary CO2 reduction targets in the credit portfolio
Creation of
the Board
Sustainability
Committee
ESG training with a focus on D&I
Start of collaboration with Feduf
Participation in Valore D and signing of
Integration of a C&E Score in the Bank's processes
ESG ratings and questionnaires
- Standard Ethics has upgraded BPS's corporate rating to "EE+", from the previous "EE"
- CDP Score - Climate: A-, Leadership Level
ABI's "Women
in Banking"
Charter
Second Green | Increase in the presence |
Bond issue | of women |
(7/15) and of independent | |
members (9/15) in the BoD |
2023 activities 2024 activities
Approval
of ESG
Investment
Policy
ESG assessment of counterparties
Adhering to the PRBs and joining the Net-Zero Banking Alliance
ESG Data Lake project
Drafting of new
Home-Work
Travel Plans
Analysis of the environmental performance of the Group's real estate assets
Launch of the
Sustainable
Mobility Plan
ESG assessment of suppliers
CSRD assessment
Collaboration with Feduf
Financial education projects in schools
C&E risks | Publication of the |
New Strategic and | NFS, the Summary |
Operational Plan for C&E | Report and the |
Risks, New materiality analysis | Highlights video |
The fight against climate change and the support to our customers' green transition are one of the primary challenges of our Sustainability Plan, in which we strongly believe. We are aware that maximising utility at a micro level can contribute, in a logic of positive contamination, to the achievement of global results.
Mario Alberto Pedranzini
CEO AND GENERAL DIRECTOR
(Letter to stakeholders - 2023 Non-Financial Statement)
Our achievements
Signatory to the Net-Zero Banking Alliance
CDP Score: A -
(Leadership)
2,380 loans in the Green Bond portfolio avoided the production of
63,000 tCO2e
11 lines
of "next" green loans
80% of the non-financial corporate portfolio with
ESG Score
98% renewable eletric energy for BPS buildings
30% access points in low-populatedareas (municipalities with less than 5,000 inhabitants)
In 20% of the municipalities where BPS operates, it is the only bank
349 new hires
77% of whom <29 years old
99% employees with open-endedcontract
More than 1,600 treasury services including 438 educational institutions and universities
Commitment to Principles for Responsible Banking
>1.5 bln € funds ESG
screened in the Banking Book (11% of total debt securities)
Establishment of a
Sustainability Committee
in the BoD
+4,000 stakeholders involved in ESG-related topics
6 ESG indicators related to remuneration policies of Top Managers
Our commitment
Close to the areas we serve, we consider it essential to interact with our stakeholders, participate in working groups, and collaborate with national and international organisations, which are a central point of reference to ensure constant updating on ESG-related topics.
We have been part of the UN Global Compact network since 2004 and, since 2018, we have been a founding member of the UN Global Compact Network Italy, to ensure constant updating on ESG-related issues.
The most relevant SDGs for our activities: | Moreover, we |
strongly support: |
At the end of 2023 we joined the UNEP FI international financial initiative promoted by the United Nations, thus becoming one of the signatory banks of the
Principles for Responsible
Banking and Net-Zero
Banking Alliance.
The Principles for Responsible Banking, issued by UNEP FI in 2019, are six voluntary principles designed to bring purpose, vision and ambition to Sustainable Finance.
The signatory banks are committed to embracing the Principles in all their business areas.
The Net-ZeroBanking Alliance (NZBA) was launched in 2021 and includes more than 140 banks from around the world among its members. By joining this initiative they confirm their commitment to defining decarbonisation strategies and targets in line with the Paris Agreement.
Through the identification of sector-specific targets, NZBA's members commit to doing business in a manner consistent with the purpose of limiting global heating to 1.5°C.
In 2023, we updated the list of the most relevant Sustainability topics, asking over 4,000 stakeholders to evaluate the importance attributed to the impacts deriving from the Bank's activities or its business relationships.
MATERIAL TOPICS
ENVIRONMENT | GOVERNANCE | SOCIAL | ||
1 Environment, climate change and C&E* risks management
2 Financial solidity and economic performance
3 Enhancement of human resources
4 Sustainable finance and responsible credit
5 Diversity and equal opportunity
6 Support to the community and ties with the local area
7 Innovation and digital transformation
8 Human rights
9 Privacy and IT security
10 Integrity and fight against corruption
* Climate-related and environmental
FINANCED EMISSIONS
7.9
mln tCO2e
596
tCO2e/€mln
turnover
(emission intensity)
Environment: the commitment to the climate
As a Group, we consider environmental protection and the fight against climate change as key priorities, viewing the role of the financial sector as fundamental in supporting a transition economy towards the objective of net zero emissions by 2050.
Calculation of CO2 emissions deriving from our portfolios (credit, asset management, and proprietary)
We have refined the calculation methodology that leads to the definition of our carbon footprint and extended the calculation scope:
Manufacturing | Energy, gas | Mining and quarrying |
(high energy intensity) | and steam supply |
13.0% | 5.5% | 0.5% |
62.2% | 1.8% | 0.4% |
Exposure, % of the total credit portfolio | Financed emissions, % of the total credit portfolio |
11 lines
of green loans that support investments protecting the environment
INDIVIDUALS
- green housing
- green energy
- sustainable mobility
BUSINESSES
- wind power • solar power
- hydroelectric power
- bioenergy • energy efficiency
- circular economy • sustainable mobility • green buildings
New Green Bond issue
In September 2023, the Bank successfully placed a new Senior Preferred Green Bond issue, for an amount of €500 million and reserved for institutional investors. The transaction was part of the EMTN (Euro Medium Term Notes) programme and follows the first issue for the same amount, which took place in July 2021.
ESG TRAINING IN FIGURES
OVER
50 HOURS
provided
AT LEAST
6 HOURS for each ESG contact person
4.5 HOURS
provided to Directors and Statutory Auditors
38 HOURS
dedicated to D&I topics, with
3 HOURS
of ESG training for all permanent employees available on the online platform
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Banca Popolare di Sondrio Scpa published this content on 24 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 April 2024 14:44:23 UTC.