Download ENVIRONMENTAL POLICY BANCO PICHINCHA C.A.

(SEAL) Banco Pichincha
Type of Macro Process:
Support
Macro Process:
Management System
Processes:
Social Responsibility
Management
Code:
SG-RS-31
Version:
1.1
Custodian:
Sustainable Development
Area
ENVIRONMENTAL POLICY
BANCO PICHINCHA C.A.
Approved by:
Fernando Pozo
General Manager
Approval Signature:
signature
Date of Approval: 2015/08/11
(seal) Banco
Pichincha
Banco Pichincha C.A. Environmental Policy
SG-RS-31
EXCHANGE CONTROL
VERSION DETAIL
PREPARED
BY:
1.1
David Grey
(Signature)
Sustainable
Development
Responsible
Initial
Version
Carla Dueñas
(Signature)
Environmental
Development
Office
DATE OF
APPROVAL
PREVIOUS
VERSION
REVIEWED BY:
Fausto Manjarrez
(signature)
Internal Control
Responsible
Álvaro Carrera
(signature)
Risk Operational
Officer
Jaime Mancheno
(signature)
Compliance Unit
Responsible
The information described herein is reserved and for exclusive use of BANCO PICHINCHA C.A. Its
reproduction is prohibited without prior authorization or use in other purpose for which was delivered.
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Banco Pichincha C.A. Environmental Policy
SG-RS-31
INDEX
1. OBJECTIVE
2. SCOPE
3. RESPONSIBLES FOR COMPLIANCE
4. POLICIES
5. GLOSSARY
6. ATTACHMENTS
The information described herein is reserved and for exclusive use of BANCO PICHINCHA C.A Its
reproduction is prohibited without prior authorization or use in other purpose for which was delivered.
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(seal) Banco
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Banco Pichincha C.A. Environmental Policy
SG-RS-31
1. OBJECTIVE
This policy establishes the general framework for action on environmental issues for
Banco Pichincha and integrates any policy or initiative of environmental nature of the
organization.
2. SCOPE
This Policy applies to all operations of Banco Pichincha, as well as all processes,
products and services.
3. RESPONSIBLES FOR COMPLIANCE
The implementation of this policy represents the commitment of senior
management on environment. It is the responsibility of all employees, suppliers and
customers of Banco Pichincha to comply with the Environmental Policy.
4. POLICIES
Banco Pichincha is an Ecuadorian financial institution providing financial
intermediation services to individuals and businesses.
Banco Pichincha has adopted a responsible attitude towards the environment and
society, planning to achieve its business goals, so that a not only financial profitability
criterion is considered. This approach involves proper management of own
environmental aspects of the Bank's operations, such as the use of resources or energy
consumption and associated emissions that contribute to Climate Change. But it also
requires consideration of the environmental opportunities and risks associated to the
business of its customers and suppliers, over which Banco Pichincha can favorably
affect.
Statement of Principles
Nature is affected by the impacts of human activities, both local and global, which
endangers the conservation of the benefits to society.
• The financial system should contribute to the protection of the environment through
proper management of its activities and the influence they can have on its
stakeholders, especially customers, suppliers, partners and local and foreign
counterparts.
• Prevention is the main focus of environmental protection as it seeks to avoid or
minimize environmental damage before they occur. Prevention does not try to
prevent development but to establish conditions that make it compatible with
conservation.
•
The information described herein is reserved and for exclusive use of BANCO PICHINCHA C.A Its
reproduction is prohibited without prior authorization or use in other purpose for which was delivered.
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•
•
Banco Pichincha C.A. Environmental Policy
SG-RS-31
New technologies and knowledge is a basic element in achieving environmental
improvement, opening new alternatives for development with less environmental
impact.
Compliance with environmental requirements based on regulations determines the
basis of environmental protection from which the continuous improvement process
is established.
Declaration of Commitment
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Develop the Bank’s activities in accordance with the environmental requirements
established in the regulations and other programs to which it is a member.
Adopt the principle of environmental protection in order to avoid or minimize
foreseeable environmental impacts, and then apply corrective measures or
compensation of not avoided impacts.
Integrating environmental variable into the design and development of financial
products and services.
Identify and implement efficiency measures in the use of resources and energy, so
that savings are achieved and the Bank's contribution to Climate Change is reduced.
Integrate environmental protection criteria in the selection process of suppliers,
partners and risk assessment associated with customers to reduce indirect
environmental impact of Bank, encourage them the implementation of measures to
improve and expand an environmental culture.
Establish and periodically review compliance with environmental objectives, for the
progressive and continuous improvement of environmental performance.
Implement and maintain an updated Environmental Management System based on
internationally recognized standards.
Contribute to environmental awareness of its employees and other stakeholders by
publishing this policy and maintaining permanent communication channels.
5. GLOSSARY
Environmental aspect: element of the activities, products or services of an institution
that can interact with the environment, such as energy consumption that contributes to
climate change or resource consumption that contributes to overexploitation of these
and the generation of waste is a result.
Climate change: is a change attributed directly or indirectly to human activity that
alters the composition of the global atmosphere and that is in addition to the natural
The information described herein is reserved and for exclusive use of BANCO PICHINCHA C.A Its
reproduction is prohibited without prior authorization or use in other purpose for which was delivered.
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Banco Pichincha C.A. Environmental Policy
SG-RS-31
climate variability observed over comparable periods of time. This is the most important
environmental problem that humanity faces.
Environment: in which an organization operates, including air, water, soil, natural
resources, flora, fauna, humans and their interrelationships.
Environmental Impact: Any change in the environment, whether adverse or beneficial,
which occurs as a result of total or partial environmental aspects of Banco Pichincha.
Environmental Management System: Set of interrelated elements that are part of the
management system of an institution whose objective is to develop and implement its
environmental policy and manage its environmental aspects.
Counterparts: In the financial sector, it refers to brokers, investment banks, jointly
responsible banks and other dealers, who act as the contracting party to complete
financial transactions.
6. ATTACHMENTS
Meeting Minutes of the Corporate Governance, Competition and Sustainability
Committee, CGCCS-2015-002.
The information described herein is reserved and for exclusive use of BANCO PICHINCHA C.A Its
reproduction is prohibited without prior authorization or use in other purpose for which was delivered.
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