Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Following the release of the new ESG Strategy in which Climate Change is one of the driver, we have adapted the Group ESG Roadmap to embed 20 key workstreams reflecting the key strategic actions and underlining drivers presented above. Workstreams are led by colleagues across all functions that act as ESG Reference points for the entire organization.
Our public positioning on ESG and Climate Related topics, as part of our engagement activity with the stakeholders, is part of our Group ESG Roadmap, and is the outcome of a structured internal process that starts with a bottom-up analysis of rules and regulation performed by relevant company structures involved in providing technical support to the advocacy activities, defined business activities and goals, followed by a top-down alignment with the overall Group guidelines.
Our position on climate change is to advocate for balanced approach that takes into account our customers' financing needs to transition to a net zero carbon economy, on one side, and protecting the fundamentals of banking sectors, on the other. More broadly, our activities with policy makers on climate change are the outcome of a joint effort
between our Group Regulatory Affairs department, which is the owners of the formal institutional positioning vis à vis regulators and public institutions, and Group Sustainability, the knowledge point on climate change.