Benefit Corporation
On May 3, 2023, CBI took a further step in its innovation journey by becoming a Benefit Corporation. A legal status that allows the company, in conduct of its business, to pursue, in addition to profit objectives, one or more goals of common benefit and to operate in a responsible, sustainable, and transparent manner towards people, communities and environment.
In the economic scenario, the importance of pursuing, in all sectors, the UN “17 goals of the 2030 Agenda” for "Sustainable Development" is increasingly evolving/emerging1.
In this regard, CBI has started a process of measuring its sustainability performance and developed an evolution plan with the support of NATIVA, a Regenerative Design Company that supports hundreds of companies in a radical evolution of their business towards regenerative economic models, in order to evaluate how its role as an industry utility can bring value in terms of ESG (Environmental, Social, Governance) for the whole Italian financial industry.
The evolution into a Benefit Corporation is one of the main steps of this virtuous path.
By becoming a Benefit Corporation, CBI has thus strengthened its commitment of adopting a regenerative business paradigm, flanking its corporate purpose with a series of significant initiatives of common benefit, such as:
building of a corporate culture that values inclusion and diversity of talents, investing in the development of individuals to their full potential;
the interconnection of people, corporates and the Public Administration in an interdependent digital ecosystem, that aims financial inclusion, in addition to fostering economic, social, cultural and ethical growth for the shared wellbeing of the community;
innovation through digitilization, both as a mean to reduce carbon footprints, for positive environmental impact and as a tool for business change management, thus meeting European objectives on carbon neutrality and and national goals on climate transition
CBI looks at the future in a responsible way, to help build a better tomorrow.
CBI intends to continue in this important path undertaken, believing it to be of extreme value to its customers, its employees, its shareholders and the communities in which it operates, by managing its activities in a sustainable and responsible way, whilst implementing further actions that improve its positioning in ESG terms, and consequently its contribution in regenerative terms.
For more information on the legal status of a Benefit Corporation click here.
CBI supports FAI (a nonprofit foundation protecting Italy's historical, artistic landscape heritage) through its corporate membership as a Golden Donor. Together with FAI, we wish to develop an ambitious project and cultural challenge, one that aims to protect our environment, whilst making Italy a better place in which to live, work and raise our children. The landscape and cultural heritage, which FAI safeguards and promotes, represents an unique capital globally and the key resource in which to invest in order to reawaken, develop and enhance our wonderful country!
CBI supports OlivaMi, a non profit organization, that promotes the adoption of Salento olive trees as a solution for restoring both landscape and employment in Salento. Over the last 5 years, the Xylella pathogen, has destroyed over 21 million olive trees in Salento, thus erasing the main source of CO2 for that region. With this initiative, CBI gives life to the “CBI garden,” a new form of sustainable and engaged form of olive farming, that encourages the reforestation of our territory while simultaneously supporting farmers. Through this initiative, CBI has also offset its carbon footprint, equal to its Scope 1 and 2 emissions.
Furthermore, through the project “CBILL per il Sociale”, for several years CBI has been supporting non-profit organisations and bodies that are continuously striving to give a better future to those who really need it.
1 1. No poverty; 2. Zero hunger; 3. Good health and well-being; 4. Quality education; 5. Gendere equality; 6. Clean water and sanitation; 7. Affordable and clean energy; 8. Decent work and economic growth; 9. Industry, innovation and infrastructure; 10. Reduced inequalities; 11. Sustainable cities and communities; 12. Responsible consumption and production: 13. Climate action; 14. Life below water; 15. Life on land; 16. Peace, justice and strong institutions; 17. Partnerships for the goals
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