Long-term plan

Combine Itaú and Unibanco’s sustainability policies to achieve the new bank’s continual creation of value

For Itaú Unibanco, sustainability means maintaining our business over the short, medium and long-term, to deliver continual value to our stakeholders.

Itaú Unibanco is building its sustainability governance structure based on the experiences of its founding institutions. Prior to the merger Itaú and Unibanco had similar sustainability strategies and visions which emphasized the ongoing creation of value, a commitment to sustainable development and transparent relationships with all groups involved with or affected by their operations.

The convergence between the banks’ strategies enabled the creation, in late 2008, of the Itaú Unibanco Sustainability Policy, which establishes guidelines for all business and relationship activities.

The policy also proposes to ratify the commitment of the institution to sustainable development and promote innovations, reviews and adjustments in business based on best practices in sustainability.

To achieve its objectives the Sustainability Policy establishes guidelines for strategic issues in order to raise the level of employee awareness and engagement. The document provides for the inclusion of social and environmental aspects in organizational management, product development and relationships with customers and suppliers. To ensure the participation of all stakeholder groups in its activities and provide proper disclosure, the bank follows internationally recognized standards such as AA 1000 and the Global Reporting Initiative (GRI) reporting framework.

Four internal groups support the strengthening of the sustainability agenda in Itaú Unibanco’s decision-making process. The Sustainability Monitoring Committee, which is currently being formed, is comprised of members of the Board of Directors, and monitors the implementation of the policy and related practices, and oversees the alignment of the organization’s values with the market’s leading standards. The Executive Sustainability Commission is made up of members of the Executive Committee and is responsible for integrating sustainability into Itaú Unibanco’s business practices and culture.

The Sustainability Committee comprises Managing directors and other directors and is responsible for setting Itaú Unibanco’s operating strategies, in compliance with the policies and guidelines established by the Executive Sustainability Commission. Finally, the Sustainability Commission, which is composed of superintendents and managers, promotes the development of Itaú Unibanco’s sustainability agenda, analyzes market risks
and opportunities, and proposes solutions and projects.