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Last update on 13/09/2019 07:32:53

         
 

 

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Sustainability policies

UBI intends to create the vision of a bank that is distinguished by quality: sound, reliable, efficient, and convenient; a bank that makes life easier for people and that supports the local economy, finding new solutions to meet the demands of customers, the local community, and investors, to improve relations with staff and suppliers.

         


 


    

The Environmental Policy identifies the means by which the UBI Banca Group expresses its commitment to managing its own long term environmental responsibilities both towards the communities in which it operates and towards future generations.

    


 Environmental Policy (PDF, 343,8 KB)  (PDF, 343,8 KB)

 

The Policy on weapons is intended to regulate the UBI Banca Group's transactions with counterparties who perform operations connected with weapons and military goods sectors. It bans business relations with companies involved in the production, development, storage, marketing and/or sales of weapons of mass destruction and other controversial weapons (e.g. mines) and it involves an authorisation regime, subject to rigorous controls for transactions involving international weapons trade. The policy applies to all the Group’s activities – with the exception of asset management, where the investment decisions are made with reference to market benchmarks and therefore cannot be based on screening on specific issues – and it involves periodic assessment of the foreign countries to which weapons are destined or from which they come.       


 Policy on weapons (PDF, 482,5 KB)  (PDF, 482,5 KB)












 


UBI Banca, being one of the main players in the Italian gold market, wanted to adopt a specific Policy for the responsible supply of gold bullion.
The Policy is based on the main regulatory sources and best practice guidelines in force at international and EU level, whose main purpose is to ensure that companies, through a constant, proactive and reactive process known as due diligence, exercise the duty to control of the supply chain, where they are supplied in areas of conflict and characterized by unstable situations, in order to guarantee respect for human rights and their extraneousness to the conflicts or negative effects consequent to them.
In particular, the UBI Banca Policy recognizes the crucial role of the foundries / refineries, which transform any material with a gold content into marketable form (whether it is waste or mineral material) and reaffirms the strong international commitment to ensure that the foundries / refineries carry out adequate due diligence on the metal supply path.
Therefore UBI Banca only procures and sells gold bars produced by refineries with international certifications attesting compliance with the due diligence practices on its suppliers and that almost all of them are registered on the London Good Delivery list, internationally recognized as the market standards.
The principles of the Policy are reflected in agreements with suppliers, in accordance with Annex I of the OECD Guidelines on due diligence duties for a supply chain responsible for minerals coming from conflict zones or high-risk areas.



 

No official policies are pursued with regard to other economic sectors which may present high risks from a social and environmental viewpoint or which are nevertheless considered critical by rating agencies and investors who employ ethical criteria. Nevertheless, close attention is paid throughout the Group to avoid involvement in transactions which may present reputational risks, in compliance with general principles and rules of conduct in the management of relations with customers contained in the Code of Ethics and the related Code of Conduct.

More specifically, with regard to business in the gaming and betting sector, the Parent Bank has invited the network banks to limit this business to a totally marginal level and to employ extremely rigorous conduct in assessing loan applications: parties operating in this sector must not only meet appropriate credit rating criteria, but must also be already known to and approved of by the Bank and in possession of the qualities of absolute integrity, seriousness and reliability.