85-27 Charter of Sustainable and Responsible Investment of Italian Finance

Summary

The Responsible Investment Charter sets out the Bank's vision of sustainability and includes the principles and the reference criteria underlying the sustainable management of its financial investments; it also outlines the precise commitments through which it intends to make its work on a sustainable model for economic growth more concrete. The Charter applies to those financial assets managed under the Bank's own responsibility, namely its financial portfolio and foreign exchange reserves investments. It does not apply to monetary policy portfolios, however, as they are managed by the Eurosystem. The principles and criteria set out in the Charter will guide the integration of sustainability assessments with financial ones; furthermore, the Bank seeks to use the Charter to foster greater awareness of these issues in the financial community with the goal of stimulating firms to adopt forms of management that are mindful of the environment, society and the best corporate governance practices.

Thumbnail image for The Responsible Investment Charter sets out the Bank's vision of sustainability and includes the principles and the reference criteria underlying the sustainable management of its financial investments; it also outlines the precise commitments through which it intends to make its work on a sustainable model for economic growth more concrete. The Charter applies to those financial assets managed under the Bank's own responsibility, namely its financial portfolio and foreign exchange reserves investments. It does not apply to monetary policy portfolios, however, as they are managed by the Eurosystem. The principles and criteria set out in the Charter will guide the integration of sustainability assessments with financial ones; furthermore, the Bank seeks to use the Charter to foster greater awareness of these issues in the financial community with the goal of stimulating firms to adopt forms of management that are mindful of the environment, society and the best corporate governance practices.

Issuer

Italy

Year

2012

Region

Europe

Issuer (type)

Assogestioni Association of managed savings (Associazione del risparmio gestito); Italian Banking Association (Associazione Bancaria Italiana); National Association of Insurance Companies (Associazione Nazionale fra le Imprese Assicuratrici); Banks Insurance Finance (Banche Assicurazioni Finanza) (Industry)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Voluntary

Main industries targeted

Finance & Insurance
Public administration

Restrictiveness

Very Low

Sustainable Development Goals (SDGs)

SDG 1: No Poverty
SDG 2: Zero Hunger
SDG 4: Quality Education
SDG 8: Decent Work and Economic Growth
SDG 9: Industry, Innovation, and Infrastructure
SDG 10: Reduced Inequality
SDG 12: Responsible Consumption and Production
SDG 15: Life on Land