The Bank of Italy sets the course for sustainability

To give priority to environmentally friendly investments

The Bank of Italy, in order to contribute to a sustainable economic development, has decided to give priority in its investment choices to “the businesses applying environmentally friendly production methods which ensure inclusive working conditions mindful of human rights and adopt the best standards of company governance.”
A message informs that for this purpose the Bank has revised the management methods of its equity investments giving more weight to the factors increasing the sustainability (ESG factors, acronym of Environmental, Social and Governance).
The Bank’s commitment to this issue also includes membership in international organizations, such as the Network for Greening the Financial System, established in late 2017 among some of the world's main central banks and supervisory authorities, with the aim of coordinating the initiatives related to the management of environment and climate risk in the financial sector.

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21 May 2019 - 09:50 CEST