The assessment of environmental risk in the granting of loans regards not only big projects but also loans granted to all types of Bank customers. A careful assessment of these potential risks also mitigates the risk of involvement in environmental crimes. Intesa Sanpaolo’s 231/2001 Model has included environmental crimes as a sensitive area, acknowledging that the illegal acts governed by criminal law to protect the environment implies administrative liability of the relative entities and, consequently, indirect liability of the Bank with regard to the activities of its customers.
With the objective of identifying the most effective methods to assess any environmental risks connected to the activities of corporate customers as well as the most significant indicators to measure them, a work group comprising all bank departments involved was promoted. The work group prepared an analytical questionnaire with the aim of verifying potential environmental risks associated with our customers’ activities and a pilot project is under way to test validity on a sample of significant companies. An analysis was also developed of the product sectors into which the Bank’s loans portfolio is divided, to assign an environmental risk rating - low, medium or high - according to their potential negative impact on the environment. This rating allows an initial assessment of businesses in each sector and implementation of a suitable risk analysis process.