Standard Ethics raised Banco BPM’s corporate rating from the previous “EE-” to “EE”. The bank led by Giuseppe Castagna has its roots in the experience of the great Italian popular banks, analysts explain, and this legacy is the basis of the intense relationship it has with the territory and its stakeholders. Over the last few years, sustainability strategies have been added to this report that have impacted corporate governance, risk management, internal policies, the same way of dealing with the market. In the course of 2020, the report continues, also with the help of the committees and functions responsible for sustainability, that implementation path in the Esg (Environmental, Social and Governance) field was strengthened, which involves all the business units of the Group.
From Standard Ethics they point out that the guidelines followed, including by the multi-year plans, take into account the voluntary international guidelines of the UN, the OECD and the EU. Non-financial reporting appears to be well structured and aligned with best practices in the sector. The medium-long term outlook remains positive.