|Date joined:||13 September, 2019|
|Initiatives:||Principles for Responsible Banking|
Founding Signatory to the Principles for Responsible Banking
Founded in 1472, Monte dei Paschi di Siena is the world’s oldest bank still in business. Today it leads one of the major Italian banking groups. with significant market shares in all areas of business in which it operates. The Montepaschi Group is active across Italy and in the major international financial markets with operations centred around traditional retail and commercial banking services and with a particular focus on households and small and medium businesses.
The Group operates through its own specialised companies in all key business areas: leasing, factoring, corporate finance and investment banking.
The insurance-pension sector is covered by a strategic partnership with AXA, while asset management activities are based on the placement of investment products created by independent third parties.
The Group combines traditional services, offered through its network of branches and specialised centres, with an innovative self-service and digital services system. enhanced by the skills of the network of financial advisors through Banca Wldlba,
Foreign banking operations are focused on supporting the internationalisation of corporate clients in all major foreign financial markets.
With more than 1,500 branches and 200 specialist centres, Banca Monte del Paschi di Siena offers its services to 4.5 million customers.
Summary of sustainability strategy
Promoting sustainable development has always been a fundamental purpose of the action of the bank. It is building an integrated business strategy which unites financial and economic targets together with environmental, social and human capital targets. In this context, a working group focused on sustainability, composed of members coming from all bank departments, is endeavoring to promote the integration of sustainability within the Group’s business strategy and to foster the evaluation and disclosure of adopted policies.
Why did the bank join UNEP FI as a member?
By becoming a member and signing the Principles for Responsible Banking, the bank intends to strengthen its commitment to a sustainable development model and share excellent practices with a network of financial institutions allied in pursuing these goals.