The assessment of environmental and social risk in the granting of loans is integrated not only in the assessment of big projects that fall under the scope of application of the Equator Principles, but also applies to loans granted to all types of Bank customers. The rating assessment model includes a question on the exposure of the company to social and environmental risks. In addition, since January 2016, following a pilot phase carried out in 2015, environmental risks will be considered and integrated in the credit facility application as qualitative elements - with an effect on the assessment of the creditworthiness - through an analytical questionnaire which must be completed and recorded by the customer company's manager. For 2016 the integration of a blocking control in the credit facility application is envisaged that will make the completion of the questionnaire mandatory for companies belonging to the sectors most exposed to environmental risk.
A careful assessment of the environmental risks also helps mitigate the risk of environmental offences being committed by customers. Actually, Intesa Sanpaolo’s 231/2001 Model has included environmental crimes as a sensitive area for some time, acknowledging that the illegal acts sanctioned by criminal law to protect the environment imply administrative liability of the relative entities and, consequently, indirect liability of the Bank with regard to the activities of its customers.