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Cecabank Report 2018
Corporate Culture
CSR
The
Cecabank CSR Policy
takes into account the wholesale nature of the
business and its offering of specialised financial services. The aim is to
reinforce the business and the long-term relationship with the clients and
partners, incorporating their social, environmental and good corporate
governance concerns into the activity.
Cecabank’s extra-financial performance is based on the following:
•
Cecabank’s Principles:
included in the entity’s corporate culture
•
Corporate Social Responsibility Policy:
Cecabank is no stranger to the
environment it operates in, and stresses the importance of considering
ethical, social, environmental, and good governance factors in order to
generate value. The CSR Policy is defined as a lever to directly or indirectly
reinforce the business, the human and material resources and Cecabank’s
relationship with society
•
Ethics and transparency:
Cecabank has an Ethical Code that formalises
the commitment of the entire company’s staff, with the highest standards
of integrity and professional ethics. In addition, the entity has in place
money laundering prevention procedures and control structures, an
Internal Conduct of Conduct regulation in the Securities Market, own codes
for the trading room and a Euribor protocol and a code of conduct
•
Governing Bodies:
lastly, with regard to Corporate Governance,
Cecabank works in line with sector’s best practices and complies with the
regulatory requirements
•
The
wholesale nature of Cecabank’s business
conditions its Corporate
Responsibility Policy and its extent. This approach focuses on the service
to professional clients with a high degree of sophistication in their activity,
with long-lasting relationships and mutual trust
In this framework, the inclusion of social responsibility criteria in the
business is reflected in the following:
•
General control framework:
The organisational structure and internal
control mechanisms are intended to guarantee that the institution’s
activities are streamlined and effective, that the information is reliable,
relevant and complete and that the applicable laws are complied with.
The general control framework shows a united and balanced system, with
controls in all levels of responsibility.
•
Risk policy:
The risk management philosophy is based on rigorous
prudential criteria, in a manner consistent with the commercial strategy,
ensuring the efficient use of the capital assigned to the business units.
Social responsibility aspects are included in the risk management structure
and within the reputational risk analysis framework. Within this scope, an
analysis is carried out on the public information of the potential Cecabank
counterparties, such as the existence of a public CSR and sustainability
policy, their organisational structure and the responsible product and
services offering, among others. This assessment is part of the non-
financial analysis of the potential counterparties.
The purpose of the CSR policy is
to reinforce the business and the
long-term relationship
with clients
Cecabank has an Ethical Code
with the highest standards of
integrity and professional ethics
The philosophy of risk
management is based on
rigorous prudence criteria
3 | 3.2