(Finance) – Standard Ethics has raised the Corporate Standard Ethics Rating (SER) Of BPER Bank to “EE+” from the previous “EE” with “Positive” Outlook. This is the seventh notch out of nine on the scale used by the London-based independent rating agency focused on sustainability.
It is emphasized that, over the past five years, “the transformations have been significant“, not only in terms of size but also in relation to the shareholder structure, corporate governance and industrial planning.
In line with the changes, the bank has strengthened and improved the governance system of sustainability to ensure alignment with the indications from the UN, the OECD and the European Union, preparing it for the new challenges in the ESG (Environmental, Social, Governance) area.
The suggested goals by the Guidelines on Corporate Standard Ethics Rating (SER) were reached in the three-year period 2019-2022 impacting the top management structure (such as the quality and composition of the BoD), governance (such as the Code of Ethics), reaching the more operational level (policy, ESG target and extra-financial reporting). The long-term view is positive.