Corporate Social Responsibility and the banking sector
February 15, 10 by Mark75[AUTOMATIC TRANSLATION - SEE NOTE]
In recent days there was the CSR Forum 2010, during which it emerged that Italian banks show a growing concern for the environment and to adopt and promote environmentally sustainable behaviors. CSR Forum is the event that ABI (Italian Banking Association) dedicated to corporate social responsibility (CSR is precisely for Corporate Social Responsibility). 73.5% of branches in Italy have in their offer financial products that “would help combat climate change and global warming.”
In general, it appears banks also devote much attention to financing to promote renewable energy and energy efficiency. Add, for completeness, perhaps one of the reasons is the fact that the ‘environment’ is often an important business opportunity, but this is not necessarily a “fault”, even denies (finally) the alleged antagonism between business and social and environmental sustainability.
The practice of Corporate Social Responsibility also urge attention to a direction of sustainability, not necessarily only “environmental”. And it is one of the shortcomings of sustainable economic system, which suffered under a dangerous concentration on short term – although it is acknowledged that Italian banks have been less “myopic” than other countries.
From this point of view is undoubtedly shared the said John Sabatini, Director General of the ABI at the opening of the Forum, namely, that strategy is’ Improving transparency in management and business communication for better risk control and market stability in the long term. “And not only clearly in the banking sector: it is hoped that a real transition from good intentions to action as quickly as possible.
