Audit interventions in 2009 to verify the implementation of environmental and social policies

Of note in terms of controls performed in 2009 by the Parent Company Audit Department are:

  • the initiation of intervention to discover the adequacy of the solutions adopted by the Corporate Social Responsibility Unit to enact whatever improvements might be needed in the light of in previous audit checks;
  • verification of the application method by the International Subsidiary Banks on the laws and Group Policy regarding the “Unarmed Banks” policy (to be completed in 2010).

Additionally, during periodic compliance audits on the purchase of goods and services, the Audit Department confirmed that the Bank and the Group companies involved, in encouraging environmentally responsible conduct, had included specific clauses in the purchasing agreements signed with suppliers calling on them to respect the principles defined in Intesa Sanpaolo’s Environmental Policy.