Corporate Responsibility

Investor Relations

Business Internal Stakeholders Communities

Corporate Responsibility

Banco Indusval & Partners believes that, before any external action, sustainability must be incorporated into the Bank's own principles and guidelines, which should include prioritizing seriousness, ethics, transparency, responsible business practices and respect for all stakeholders.

Playing an active role in economic development, the Bank seeks to be fair, balanced and consistent with its values when granting credit so that it can share growth opportunities and constantly increase its contribution to each of the pillars of sustainability:

In Business

Banco Indusval's Social Environmental Responsibility Policy reaffirms its commitment to ethical business practices and sustainable development, in addition to encouraging suppliers, partners and customers to adopt responsible practices that lead to social development and promote citizenship and respect for the environment. Among other initiatives, in 2009, Banco Indusval started mapping its portfolio to identify customers interested in environmental credit.

The purpose is to combine its effort to promote economic development with a willingness to adopt measures contributing to environmental issues. Indusval's Social Environmental Management System (SEMS) for credit granting was designed to ensure that all loan and financing operations comply with the social environmental legislation and observe the exclusion list of the World Bank. Banco Indusval & Partners does not grant loans to companies that use child or slave labor, whose activities directly or indirectly promote gambling or prostitution, and those that produce substances that may threaten the health and safety of people, animals or plants.
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Of Internal Stakeholders

Indusval companies invest in staff training and adopts a fair salary and benefit policy, compatible with the duties performed and the market, to foster motivation and willingness to grow professionally among its employees. The Bank also offers several benefits to improve its employees‘ and their dependents’ quality of life, as well as attract and retain talents. Remuneration and benefits totaled R$ 49.0 million in 2009, which corresponds to 67% of the total value added by BIM’s business to society.

The Bank believes that its mission includes undertaking inclusion initiatives and providing opportunities for young people who want to enter the job market. As a result, it consolidated its existing Apprentice, Intern, Trainee and Professional Training for People with Disabilities programs.

Meanwhile, Indusval promotes awareness of measures such as reducing consumption and avoiding waste to help diminish society‘s impact on the environment. Moreover, it encourages its professionals to become spontaneously engaged in social projects.
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Of Communities

Indusval community development initiatives focus on education, culture and basic development. Emphasis is given to comprehensive education of children, youth and adults. The Bank develops these initiatives through organizations that have structured projects or helps organizations needing support in project development. The purpose is to prepare participants for full-fledged citizenship and bring about a long-lasting change in the communities involved.

Social investment came to R$ 900,000 in 2009, in initiatives focusing on:

Education – student counseling, reading skills and education improvement for children and youth
Sports – Promoting citizenship and skills building in communities, with an educational and social focus
Culture – Bringing youth and educators in contact with different forms of art and artist’s professional lives, coupled with encouraging artistic expression
Entrepreneurship – Support for the Fashion and Design Group, an income generation project about to become emancipated
Community Development - Development of collective skills and critical thinking through improvements in local communities
Environment – A proposal was designed in 2009 for an environmental education project for children and youths and awareness of their families living in the Parque dos Pinheiros community, in Taboão da Serra (Greater São Paulo) and areas in the vicinity of the Pirajuçara Creek, which include damaged land and areas which are constantly flooded

In 2009 the Bank has supported 15 projects developed by Non-Governmental Organizations through the Indusval Multistock Sustainability Institute. These projects benefited 5,627 children, youth and adults directly and 23,675 people connected to the projects and communities indirectly.

Supported Organizations:

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Last Update: July 30, 2010

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