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| Overall Assessment |
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Banca Popolare di Sondrio provides extensive information about its internal climate strategies and its participation in voluntary initiatives such as the Net-Zero Banking Alliance, but it does not reveal any attempts to influence public policy. The disclosures name no specific climate-related laws, regulations or government proposals, and they do not indicate that the bank has approached legislators, regulators or other policymaking bodies. Likewise, the reporting offers no description of how the bank might lobby—no reference to meetings, letters, trade-association activity, or consultation responses—and it identifies no institutional targets for such engagement. Finally, the bank does not articulate any external policy changes it hopes to secure; its stated ambitions are limited to internal decarbonisation goals. Taken together, the disclosures give no visibility into climate-policy lobbying activities or intentions.
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| Overall Assessment |
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Banca Popolare di Sondrio SPA discloses a detailed ESG governance structure, where “the Board of Directors (the ‘BoD’)... is responsible for defining the guidelines, targets and strategies at the Group level on climate-related and environmental issues,” the “Sustainability Board Committee... analyses the Sustainability disclosures prepared by the Bank,” and “the Internal Audit Service... verifies compliance with Sustainability policies and the adherence of corporate and Group operations with them.” The bank also “actively participated in the specific Working Groups (so-called WGs) promoted by the Italian Banking Association,” demonstrating engagement with industry stakeholders on climate issues. However, we found no evidence of a governance process to align direct or indirect lobbying activities with its climate strategy, no description of how lobbying positions are reviewed or monitored, and no disclosure of any individual or committee responsible for overseeing lobbying alignment.
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