Training and capacity building on structuring the ESG strategy of Tuscan Cooperative Credit Banks

Title Training and capacity building on structuring the ESG strategy of Tuscan BCCs

Location Italy

Partner  Federazione Toscana Banche di Credito Cooperativo

 

Context

ESG criteria – Environment, Social and Governance – are indicators of great importance for cooperative credit banks as they allow them to analyse their activities, beyond financial aspects, also from an environmental, social and good governance perspective.

Co-operative credit banks are founded on community values and it is also for this reason that they must demonstrate a tangible commitment to the different dimensions of sustainability in order to maintain the trust of their members.

Integrating a sound ESG strategy not only improves their public image and investment attractiveness, but also reduces long-term financial risks and promotes sustainable development at the local level.

By steering their ESG strategy towards a more equitable and resilient future, banks can play an important role in catalysing positive change in society.

 

General Objective

ARCO was involved to increase and strengthen the knowledge and skills on ESG criteria of the employees of the Federazione Toscana BCC and its other member institutions.

 

Our contribution

The Social Economy and Sustainability Management Unit held two training courses for employees of the Federazione Toscana delle Banche di Credito Cooperativo. The first one focused on sustainability and diversity management.

The second, dedicated more specifically to the banks’ ESG Ambassadors, focused on two of the three ESG criteria: E, environment, with an in-depth look at environmental certifications, and S, social, with a particular focus on the impact of the banks’ activities in their communities of reference, the construction of strategies capable of having a social impact, and the learning and evaluation of the same.

The training will be accompanied by consultancy initiatives for each bank to meet their specific needs.

Read more on the Social Economy & Sustainability Managment