Chief Executive Officer
On 14 June 2017, the Board of Directors assigned to the Chief Executive Officer, the oversight of activities relating to sustainability and the actions to be implemented and monitored. These responsibilities contribute to the assessment of his/her personal performance and contribute to the definition of his/her remuneration.
Responsibility of the CEO
- Defines the group policies regarding Corporate Social Responsibility (CSR) to be presented to the Board of Directors;
- Promotes the implementation of procedures consistent with the Sustainability Policy;
- Proposes and monitors the CSR budget at group level;
- Prepares the draft Consolidated Non-Financial Disclosure and the methods of communication;
- Periodically informs the Board of Directors on the activities carried out.
- Selects projects with a social and environmental impact to be implemented
The Corporate Social Responsibility Committee is an internal board committee appointed in 2019 with preliminary duties on the sustainability issues to be presented to the attention of the Board of Directors. In addition, the Committee oversees the validation of some strategic sustainability documents, such as the Group CSR Policy and the Non-Financial Disclosure prepared by the managerial Committee.
Managerial Sustainability Committee
The Managerial Sustainability Committee is appointed by the Chief Executive Officer with the objective of supporting him in the fulfilment of his CSR responsibilities. In consideration of the strategic role it plays, the Committee is composed of key company figures who ensure consistency between business development and the attainment of the group sustainability objectives.
The Committee meets every two months and, depending on the issues discussed, involves the managers of specific functions.
Members of the CSR Committee
- Chief Executive Officer
- General Manager
- Compass and CheBanca! CEO
- Planning, Budget and Reporting
- Group HR and Organisation
- Group Sustainability
- Investor Relations
- Corporate Affairs
Group Sustainability Function
The Group Sustainability function reports directly to the CEO to support him in managing all the group sustainability matters and in achieving the objectives in the different focus areas.
In order to strengthen governance and the responsibilities identified, at Mediobanca, over time we have adopted some management tools that allow us to circulate and promote a culture geared towards ethics, integrity and sustainability of the business, not just internally, but also along the entire chain of value.
The Group Sustainability Policy, was adopted with the objective of formally defining the non-financial areas of group commitment. The Policy augments, by strengthening their principles, the numerous tools already present - like the Code of Ethics, the Code of Conduct and the 231 Organisation Model - aimed at guaranteeing the ethics and integrity of the business.