Corporate Social Responsibility Policy

1y ago
396.01 KB
6 Pages
Last View : 13d ago
Last Download : 1y ago
Upload by : Axel Lin

Corporate SocialResponsibilityPolicy2018

01 BackgroundThis document contains an update of the Corporate Social Responsibility Policy that wasapproved by the Board of Directors of Banco Bilbao Vizcaya Argentaria, S.A. (hereinafter,"BBVA" or the "Bank") in February 2008 and subsequently updated in December 2015, inorder to align it with best practices and recommendations on the matter (the "CorporateSocial Responsibility Policy" or the "CSR Policy").This Policy, which replaces the previous ones, has been approved by the Board of Directors,and it is published on the corporate website.02 Definition, objectives and scope of applicationBBVA understands corporate social responsibility (hereinafter, “CSR”) as the Bank’sresponsibility arising from the impact of its activity on people’s lives and society. To complywith this responsibility, BBVA integrates social, environmental and ethical concerns, as well asthose on human rights and stakeholders, into its daily business and relations with them.Through its CSR Policy, the BBVA Group should contribute to the following objectives:To carry out its main activity in a responsible manner, placing people at the core ofits purpose.To maximise the creation of sustainable and shared value for its shareholders and for theother stakeholders, and the whole of society in which it operates.To prevent and mitigate the possible negative impacts derived from its activity.To manage BBVA’s reputation.This CSR Policy intends to create a framework that helps defining and promoting behavioursallowing for value creation for all stakeholders (clients, employees, shareholders, suppliersand society) within the framework of a culture of social responsibility that turns out in thedevelopment of a “Responsible Banking” in all BBVA Group.Corporate Social Responsibility PolicyThis English version is a translation of the original in Spanish for information purposes only. In case of discrepancy, the Spanish original will prevail.2

03 PrinciplesBBVA has the purpose of bringing the age of opportunity to everyone. To do so, one of theGroup’s objectives is to develop a different way of banking through a business model called“Responsible Banking”, based on the search for profitability adjusted to ethical principles, incompliance with the laws, the best business practices and the long-term value creation for allstakeholders. This represents an overview of the Group’s actions.This CSR Policy is aligned with BBVA’s Code of Conduct, which establishes behaviouralguidelines in accordance with BBVA’s values.The principles that rule the CSR Policy are:Integrity, as a manifestation of ethics in BBVA s actions and relations with allstakeholders.Prudent risk management.Transparency as an aim to offer access to clear and true information.04 Responsible commitments andpractisesIn order to comply with these principles, BBVA has implemented the following specificcommitments:a) ClientsTo place clients at the core of its activity, in order to establish long-lasting relationshipsbased on mutual trust and value contribution.To promote transparent, clear and responsible communication and financial education tofacilitate well informed financial decisions and enhance people’s financial health.To encourage the development of products and services with a high social orenvironmental impact, adapted to the context in which its clients live.To foster financial inclusion and the universalisation of responsible access to financialservices.Corporate Social Responsibility PolicyThis English version is a translation of the original in Spanish for information purposes only. In case of discrepancy, the Spanish original will prevail.3

b) EmployeesTo respect diversity and promote the equality of opportunities, in addition to the nondiscrimination due to gender, age, disability or any other circumstance.To promote work-life balanced practices.To implement practises to guarantee the staff’s safety and ensure all employees’health.To encourage a culture of social commitment and shared values between theemployees, facilitating the conditions so that volunteering activities can be carriedout.c) Shareholders and investorsTo promote transparency, truthfulness, immediacy and homogeneity in disclosinginformation.To facilitate awareness of those issues that may be necessary to enable an appropriateexercise of shareholders’ rights.To publish the information continuously, periodically, punctually and made available ontime.To Guarantee equality of treatment of all shareholders and investors that are in the sameposition.To use of a variety of communication instruments and channels that enableshareholders to access the Bank in the easiest and most convenient wayd) Society and environmentTo support the development of the societies where the Bank is present through financialactivity, as well as to social programmes focused on education, financial literacy,entrepreneurship and knowledge.To define and implement a strategy of climate change and sustainable development forachieving the United Nations Sustainable Development Goals, and aligned with the ParisClimate Agreement.To participate in initiatives and collaborate with regulators and otherorganisations to promote and disseminate responsible practices.To define and apply a Commitment to the Environment in accordance with theprogressive implementation of the recommendations from the Task Force on Climaterelated Financial Disclosures (TCFD), which includes, among others, risk management inthis area, the progressive integration of environmental variables in developing products,collaboration with other actors and promoting eco-efficiency along with managing directimpacts.e) SuppliersTo define and apply a Responsible Procurement Policy that includes, among others,providing complete and transparent information in the supply processes, respectinghuman and labour rights in the supply chain, and stimulating demand in sociallyresponsible products and services.Corporate Social Responsibility PolicyThis English version is a translation of the original in Spanish for information purposes only. In case of discrepancy, the Spanish original will prevail.4

f)Fiscal responsibilityTo carry out its activity by adequately complying with its tax obligations and avoid anypractise that involves illicit tax evasion or losses for the public treasury. To do so, thegroup has a Fiscal Strategy in accordance with the principles of integrity, transparencyand prudence.g) Prevention of illegal behavioursTo encourage compliance with the legal obligations and avoid behaviours that are contraryto the internal standards and policies, or that may damage BBVA’s patrimony, image orreputation.h) Respect for Human RightsTo define and apply BBVA s Commitment to Human Rights, which includes respect forhuman rights in accordance with the International Bill of Human Rights, United NationsGlobal Compact, and the principles of action and recommendations for carrying outbusiness activity published by the United Nations, the Organisation for Economic Cooperation and Development and the International Labour Organisation.To participate in the sector initiatives to apply the United Nations Guiding Principles tofinancial activity, like the informal group of banks, referred to as the “Thun Group”.i)Other subscribed international commitmentsBBVA is committed with the standard international principles regarding CSR, such asthe United Nations Global Compact, the Equator Principles, the Principles forResponsible Investment, the Financial Initiative of the United Nations ProgrammeEnvironmental Programme for Financial Institutions, in addition to other relatedinitiatives that the Responsible Business department takes into consideration.05 Channels of communication,participation and dialogueBBVA has multiple channels and tools of communication, participation and dialogue with allstakeholders. These tools guarantee that the stakeholders have the adequate channels to beattended.These channels are detailed and updated in the annual responsible banking informationpublished on BBVA’s website. In addition, the Bank has instruments and channels forcommunication and contact with shareholders and investors that are available to the public onthe corporate website and that are managed by a specific Investor Relations department.BBVA encourages transparency when disseminating information to stakeholders,adopting at all times responsible communication practices.Corporate Social Responsibility PolicyThis English version is a translation of the original in Spanish for information purposes only. In case of discrepancy, the Spanish original will prevail.5

06 Governance modelThe approval of the Corporate Social Responsibility Policy of BBVA corresponds to the Boardof Directors of the Bank, in accordance with its Regulations.The specific actions and initiatives for the development and implementation of the CorporateSocial Responsibility Policy will be established at the executive level, which will be reported bythe Global Responsible Business area to the Board of Directors and the Board ExecutiveCommittee.Once the responsible business plans to be undertaken are specified at a corporate level, theGlobal Responsible Business area will be responsible for coordinating the execution of saidplans with the areas involved, both at the global level and in the different geographies in whichthe BBVA Group operates, in a consistent manner with the established guidelines. These planswill also be coordinated with the units responsible for the operational risk management, inorder to ensure that they do not contravene and are aligned with the action plans that theseunits are adopting to carry out their function.The Global Responsible Business area will also collaborate within the scope of itscompetences, with the areas of the Bank responsible for the management of non-financialrisks, accordingly to the distribution of functions in the Group.The actions developed within the framework of the Corporate Social Responsibility Policy areconsidered voluntary for the Bank and do not arise from any regulatory obligation or normativeduty.Corporate Social Responsibility PolicyThis English version is a translation of the original in Spanish for information purposes only. In case of discrepancy, the Spanish original will prevail.6

Corporate Social Responsibility Policy" or the "CSR Policy "). This Policy, which replaces the previous ones, has been approved by the Board of Directors, and it is published on the corporate website. 02 Definition, objectives and scope of application. BBVA understands corporate social responsibility (hereinafter, “ CSR ”) as the Bank’s

Related Documents:

Business review: Corporate social responsibility Corporate social responsibility Richemont has a long-standing commitment to doing business responsibly. Building trust in Our MaisonsTM and our operating companies lies at the heart of the way we work. Since 2006, Richemont has reported its Corporate Social Responsibility ('CSR') progress .

Corporate Social Responsibility Policy 4 3. Applicability The policy shall be applicable to all activities undertaken by the Bank towards fulfilling its corporate social responsibility objectives. The policy shall also apply to the employees of the Bank or its Group undertaking CSR activities, whether operating out of the Head Office, Zonal

At Eltek, we believe that a strong emphasis on corporate social responsibility (CSR) and corporate governance creates long-term benefits for our business and for the global . Corporate Social Responsibility Policy Security level: Internal use Page 7 of 7 Modified: 2018-01-10 : 1.8.4 Competitors . Eltek's competitors shall always be met in .

corporate owners beyond shareholders as a result of an influential book by R. Edward Freeman, Strategic management: a stakeholder approach in 1984. . (Corporate Social Responsibility Policy) Rules, 2014 as amended from time to time. The Committee will have the responsibility of formulating CSR Policy to be approved by the

Nestlé India Corporate Social Responsibility Policy (As amended on 16th February 2021) I. Corporate Social Responsibility (CSR) Policy Nestlé India Limited (“the Company”) is a publicly listed Company in India. This document articulates the Comp

Corporate Social Responsibility(CSR) as a key component of its operating philosophy. Section 135 of the Companies Act 2013 (hereinafter referred to as "the Act"), read with the Companies (Corporate Social Responsibility Policy) Rules 2014, as amended from time to time, lays down the legal framework for the Company‟s CSR policy.

Corporate Social Responsibility Report 2019. Table of Contents 1. 2. 3. A LETTER FROM OUR CEO ABOUT US STAR GARMENTS 19. OUR ROADMAP AHEAD. RESPONSIBILITY 5. SOCIAL COMPLIANCE . 2019 CORPORATE SOCIAL RESPONSIBILITY A LETTER FROM OUR CEO When I joined the company almost 40 years back, Komar had over 1000 employees in five factories, and

Celestica Corporate Social Responsibility Page 3 Welcome to Celestica's first Corporate Social Responsibility Report. This Report showcases our commitment to social responsibility on a global scale - including the policies we value and uphold, the progress we have made and the key mile-stones we are working to achieve.

Corporate Social Responsibility Report 2018 WuXi AppTec at a Glance Responsibility for Healthcare Industry Responsibility for Environment and Community Responsibility for Employees Data Corporate History WuXi AppTec has evolved from a laboratory of 650 square meters with four founders to an international company with over 18,000 employees.

Corporate social responsibility has become a business imperative. For Alcatel-Lucent, CSR is not merely a set of policies: it is a key component of the company's business strategy. Patricia Russo - Chief Executive Offi cer 02 —— Alcatel-Lucent Corporate Social Responsibility Report 2007 Alcatel-Lucent Message from the CEO

the Unspent Corporate Social Responsibility Account, and such amount shall be spent by the company in pursuance of its obligation towards the Corporate Social Responsibility Policy within a period of three financial years from the date of such transfer, failing which, the company shall transfer the same to a Fund specified

The legal provisions with respect to the Corporate Social Responsibility are specified in Section 135 of the Companies Act, 2013 read with Companies (Corporate Social Responsibility) Policy Rules, 2014 including any statutory modification, amendment and notification as may be issued from time to time.

2017 Corporate Social Responsibility Report Loblaw Companies Limited 2017 Corporate Social Responsibility Report 1 Message to Stakeholders I believe that business has both the opportunity and responsibility to have a positive effect in the community. Sometimes, that positive effect takes the form of a company engaging civil society and adopting

company’s Corporate Social Responsibility and Compliance department in 2000. According to Nike, as of December 2007, there were 120 Nike employees working exclusively on corporate social responsibility. In its fiscal year 2005–06 corporate social responsibility report, Nike identified three

Corporate Social Responsibility Report 2016-2017 04 real madrid c.f. 13 CORPORATE SOCIAL RESPONSIBILITY AT REAL MADRID 18 FULFILLMENT OF COMMITMENTS IN 2016-17. Corporate So C ial r e S pon S

community along but companies itself (Jomo, Lindberg, and Nowland, 2017). Corporate social responsibility has become one of the fundamentals for companies in gaining ownership, people's and government's recognitions (Wang and Sarkis, 2017). In Nigeria corporate social responsibility started late

stock prices has been a challenging area for researchers.There have not been wide studies in Nigeria that examined the relationship between and effect of corporate social responsibility on corporate stock prices. This study is an attempt toexaminethe relationship between corporate social responsibility and stock pricesand its .

This corporate responsibility report highlights Investec's corporate responsibility performance over the period 1 April 2016 to 31 March 2017. We incorporate . This commitment to corporate responsibility means integrating social, ethical and environmental considerations into our day-to-day operations. A key element of this is solid

Worley releases its corporate responsibility reports annually according to the financial year (1 July to 30 June). Last year's Corporate Responsibility Performance Report for the period from 1 July 2017 to 30 June 2018 was released in August 2018. Definitions and clarifications are provided for the corporate responsibility indicators.

Hydrostatic Tank Gauging API MPMS Chapter 21.2, Electronic Liquid Volume Measurement Using Positive Displacement and Turbine Meters API MPMS Chapter 22.2, Testing Protocols–Differential Pressure Flow Measurement Devices 3 Definitions For the purposes of this document, the following definitions apply. 3.1 Automatic Tank Gauge (ATG) An instrument that automatically measures and displays liquid .