We are fully aware of the environmental and social impacts of our activities, as well as of the importance of maintaining collaborative relationships with all our stakeholders. For this reason, ethics, integrity and transparency are foundational to our identity and guide our everyday operations.
Our Code of Ethics sets out the principles and rules of conduct relating in particular to legality, impartiality and fairness, community support, respect for individuals, quality and professionalism. These values, shape our culture and inform our behaviour. They are essential to ensuring our long-term credibility and reputation, and to strengthening the trust of all our stakeholders.
For further information on governance issues, please refer to the attached document .
Our Commitment to Sustainable Finance
The integration of environmental, social and governance factors into investment processes is, for us, a key driver in generating long-term sustainable value.
Our financial companies, BancoPosta Fondi SGR and Poste Vita, have set objectives aligned with our commitment to sustainable growth.
They are driven by the belief that the asset management sector, through the integration of ESG factors, can play a key role in creating value, by protecting society, fostering innovation, and supporting economic progress.
BancoPosta Fondi SGR and Poste Vita have adopted specific policies and guidelines aimed at supporting key sustainability goals, including tackling climate change and safeguarding human rights, through their investment decisions and day-to-day operations.
Both companies are signatories of the Principles for Responsible Investment (PRI), which promote the integration of ESG criteria into investment strategies and across portfolio companies.
As of 2024, 100% of Poste Vita’s investment products incorporate ESG elements.
Our financial companies, BancoPosta Fondi SGR and Poste Vita, have set objectives aligned with our commitment to sustainable growth.
They are driven by the belief that the asset management sector, through the integration of ESG factors, can play a key role in creating value, by protecting society, fostering innovation, and supporting economic progress.
BancoPosta Fondi SGR and Poste Vita have adopted specific policies and guidelines aimed at supporting key sustainability goals, including tackling climate change and safeguarding human rights, through their investment decisions and day-to-day operations.
Both companies are signatories of the Principles for Responsible Investment (PRI), which promote the integration of ESG criteria into investment strategies and across portfolio companies.
As of 2024, 100% of Poste Vita’s investment products incorporate ESG elements.
We Prevent and Combat Corruption
We have adopted specific policies to ensure fairness and prevent corruption in our relationships with public authorities, associations, political and trade union organisations, suppliers and partners.
In particular, we do not provide any benefits or contributions, either directly or indirectly, to political parties, movements, or political and trade union organisations. We have also established clear principles and prohibitions regarding gifts and hospitality, facilitation payments, charitable donations and sponsorships, recruitment and hiring, as well as mergers, acquisitions and significant investments.
Anti-corruption policy
Specifically with regard to the activities carried out for the prevention of corruption, Poste Italiane SpA undertakes to satisfy the requirements of the Anti-Bribery Management System according to ISO 37001:2016 standard, and, together with the companies directly or indirectly controlled by it, carry out its activities through the following general principles:
Anti-corruption-related activities
Compliance with the general and specific anti-bribery & anti-corruption principles adopted by Poste Italiane must be guaranteed by the presence of a culture of integrity and transparency spread throughout the value chain. For this reason, Poste Italiane invests in training and information activities for its staff. In order to ensure a minimum level of knowledge on anti-bribery by its employees, Poste Italiane organizes a mandatory online and classroom training program for all staff on anti-bribery & anti-corruption principles and, in particular, on reporting mechanisms and on any significant changes to the anti-bribery & anti-corruption principles regulations and/or the regulatory system adopted.
As part of our anti-corruption efforts, from July 2023 to the end of 2024, we launched the online course “The Integrated Management System: The Rules of the Game”, which was attended by 95,000 employees.
In particular, we do not provide any benefits or contributions, either directly or indirectly, to political parties, movements, or political and trade union organisations. We have also established clear principles and prohibitions regarding gifts and hospitality, facilitation payments, charitable donations and sponsorships, recruitment and hiring, as well as mergers, acquisitions and significant investments.
Anti-corruption policy
Specifically with regard to the activities carried out for the prevention of corruption, Poste Italiane SpA undertakes to satisfy the requirements of the Anti-Bribery Management System according to ISO 37001:2016 standard, and, together with the companies directly or indirectly controlled by it, carry out its activities through the following general principles:
- Ensure conduct based on the criteria of fairness, loyalty and moral integrity that prohibits corruption;
- Comply with all anti-bribery laws, rules and regulations;
- Conduct its activities in such a way as not to commit any act of corruption in any form, whether direct or indirect, and not to facilitate or risk involvement in illegal situations, with public or private entities;
- Provide a framework for the identification, review and achievement of anti-bribery objectives;
- Encourage the reporting of suspicions in good faith or on the basis of a reasonable belief, without fear of retaliation and ensuring that no whistleblower is discriminated against with effects on working conditions linked to the reporting;
- Prosecute any conduct that does not comply with the policy for the prevention of corruption through the application of the company disciplinary system;
- Encourage every possible effort to prevent corruption by third parties connected to them, including joint ventures and entities upstream and downstream of the supply chain (e.g. agents, intermediaries, vendors, contractors, suppliers);
- Ensure that the “Anti-Bribery Compliance Function” has the appropriate expertise, status, authority and independence to carry out its role of overseeing the design and implementation of the system, advising staff on anti-bribery matters, ensuring compliance with ISO 37001:2016 and reporting to Senior Management on the performance of the system.
Anti-corruption-related activities
Compliance with the general and specific anti-bribery & anti-corruption principles adopted by Poste Italiane must be guaranteed by the presence of a culture of integrity and transparency spread throughout the value chain. For this reason, Poste Italiane invests in training and information activities for its staff. In order to ensure a minimum level of knowledge on anti-bribery by its employees, Poste Italiane organizes a mandatory online and classroom training program for all staff on anti-bribery & anti-corruption principles and, in particular, on reporting mechanisms and on any significant changes to the anti-bribery & anti-corruption principles regulations and/or the regulatory system adopted.
As part of our anti-corruption efforts, from July 2023 to the end of 2024, we launched the online course “The Integrated Management System: The Rules of the Game”, which was attended by 95,000 employees.
We have adopted a structured system for collecting and managing whistleblowing
In line with our values, we have established a Whistleblowing System and a Whistleblowing Committee responsible for handling reports of any unlawful or suspicious conduct, irregularities in the company’s management, or any act that may constitute a breach of external or internal regulations or of our Code of Ethics.
We have drawn up specific Guidelines, updated in 2024, which set out the procedures for submitting whistleblowing reports.
The Whistleblowing System includes:
Our Whistleblowing System has obtained a certificate of conformity with the ISO 37002:2021 Guideline, which is reviewed annually.
We have drawn up specific Guidelines, updated in 2024, which set out the procedures for submitting whistleblowing reports.
The Whistleblowing System includes:
- A Portal, accessible to all our stakeholders, both internal (our people) and external
- The Whistleblowing Committee, responsible for receiving, reviewing and assessing all submissions, ensuring that reports are handled confidentially and with due care. In doing so, we protect the identity of the whistleblower and prevent and counter any form of retaliation against employees who submit reports.
Our Whistleblowing System has obtained a certificate of conformity with the ISO 37002:2021 Guideline, which is reviewed annually.
Training in Support of Corporate Culture
To promote a corporate culture based on ethics, legality and compliance with regulations, we continuously carry out training initiatives addressed to all our people.
- Since February 2024, we have launched the online course “The New Code of Ethics of Poste Italiane”, which provides a comprehensive overview of the Code’s principles, objectives and practical implementation.
- In July 2024, we launched the course “Galassia 231: A Challenge Among the Pillars of the Organisation, Management and Control Model”, with the aim of addressing recent developments in the relevant regulatory framework and aligning the 231 governance system with the best practices of listed companies.