The support and respect of human rights is a fundamental element of our organization’s sustainability. As such, the topic is explicitly covered in a number of our codes and policies including our Code of Ethics, the Sustainability Policy, the Mediobanca Group Human Resources Management Policy and the Group ESG Policy.
We continuously strive to promote a culture of social responsibility both internally and in our relations with external stakeholders.
Internally, we assess all our operations for risks related to violations of internationally recognised human rights. Furthermore, we raise awareness surrounding the impacts our business may have in the area of Human Rights and vigorously pursue the protection of our employees' rights including respect for diversity and non-discrimination, safeguarding the right and freedom of association and collective bargaining, ensuring high standards of occupational health and safety, rejecting forced and child labour any kind of harassment in the workplace. A dedicated “Sustainability and Human Rights” course is available for Group employees and explores the concept of indirect impact, with a focus on respect for human rights.
We also consider the impact our business may have beyond our direct operations by establishing good relationships based on transparency and cooperation with customers, suppliers and business partners, especially in areas, situations and operations that are more prone to be affected by potential conflicts or human rights violations.
All suppliers are required to comply with regulations that protect the rights of workers employed as part of our services. New suppliers are asked to sign a declaration which states that they will condemn any kind of harassment, discrimination, forced or child labour, all whilst guaranteeing respectful working conditions.
In order to manage our indirect impacts, we assess risks related to the protection of internationally recognised human rights and avoid dealing with parties involved in illegal activities that could lead to potential violations or abuses. This precaution is supported by the organization’s ESG Policy, which includes protection of human rights as a criterion when assessing counterparts in the credit or investment decision-making process.