Banca Passadore & C. - Social responsibility

social responsibility

The Bank devotes a continuous care to corporate social responsibility towards customers, staff, shareholders, suppliers, contractors and local communities in general. Ethics, transparency and responsibility represent a constant landmark for Banca Passadore in all its relations and such values are implemented in the Ethical Code adopted by our Board of Directors.

The Bank is involved in several charitable initiatives as well as in activities of social utility. Banca Passadore historically takes part in interesting initiatives aimed to promote our landscape and our cultural-historical heritage with special attention to a careful environmental protection.

Corporate welfare

The Bank is strongly committed to the improvement of the work environment and promotes initiatives for its staff in order to enhance a positive attitude and a sense of belonging. As a result of the significant investments made in this view, the Bank offers to its staff a range of benefits which represents a unique model in the Italian banking community.

Coordinated by a dedicated unit, welfare initiatives include:

A modern and exclusive "trattoria" for the headquarters staff, featuring 90 seats, table service, and a bar area.
Corporate nursery for employees' families residing in the Genoa Municipality and nursery grants for those residing elsewhere
"Concierge service", through which employees can dispatch everyday errands and pick up their grocery shopping, which may be ordered online directly from their workstations
"Fitness area" at Genoa headquarter, provided with high-end gym equipment and a dedicated trainer
Two Relax Areas dedicated to work break moments: one outdoor area equipped with tables and umbrellas, and one indoor area with a ping pong table, foosball, and a TV corner.
Several school grants for employees’ children and awards for high achievements in education
Health insurance policy, supplementary to contractual provisions, covering the employee and his/her family as well as a special program of corporate "flexible benefits"
Sport and social events dedicated to employees, among which the "Kid's day", a special day during which employees’ children get the chance to experience the Bank.

Sustainability

ENVIRONMENTAL CARE AND "PLASTIC-FREE" INITIATIVES

The solutions adopted by the Bank in its organization set it at the forefront of the banking community for environmental respect. Among these, a specific process for waste treatment and paper usage reduction: the areas for employees' off duty time are now all plastic-free, as every employee has been provided with aluminum water bottles; packaging and plastic glasses in all "snack and drink" areas have been replaced with biodegradable alternatives.

ENERGY SOLUTIONS

As part of the renovation and expansion works of the Genoa Headquarters, completed in 2025, the Bank carried out numerous initiatives aimed at improving the building’s sustainability. Among these, the creation of a striking rooftop garden equipped with a rainwater recovery and filtration system for irrigation, and the installation of a photovoltaic system consisting of 105 panels of 550W and 200 tiles of 80W, with an estimated annual output of 75 MWh.
A geothermal system was also installed for climate control, featuring 12 probes and a capacity of 70 kW for both heating and cooling. The old diesel burners were replaced with 4 high-efficiency, low-noise heat pumps.

ESG INVESTING

GP&G "PIANETA"

Banca Passadore offers, among its investment solutions, a new balanced investment management profile in accordance with "ESG" (Environmental, Social, Governance) criteria. According to the specific aim of such profile, asset allocation is performed taking into account environmental impact on both a global and local scale, as well as the specific corporate solutions adopted by issuers in terms of ethics and transparency. The Bank's offering has been expanded as a result of the introduction of the new GP&G "Pianeta". Part of the fees generated by the Fund are donated to specific environmental sustainability initiatives and projects promoted by FAI - Fondo Ambiente Italiano.

For further details please refer to the section about Investment services.

ECO-FRIENDLY PAYMENT CARDS

The Bank issues Carta Banca Passadore and CARTA CONTO made with a special eco-friendly material, representing a perfect alternative to plastic thus respecting our Planet.
For the first time in Italy, the Bank adopted this innovative material for payment instruments largely used by its Customers, making a positive step in the direction of environmental care More details here

The Bank issues, among the cards produced with the same material, its CARTA CONTO co-branded with FAI - Fondo Ambiente Italiano. For Customers under 25 years of age, the card is free of charge and (only case in Italy) no fees are applied to cash withdrawals throughout Europe.

ENVIRONMENTAL TRANSITION LENDING

As part of its mortgage-backed loans offering, the Bank has introduced two new types of loans aimed to:

promote the purchase of properties with high energy efficiency standards;
improve the energy efficiency of purchased properties;

providing discounts at the origination and on the interest rate applied, if certain energy efficiency conditions are respected.

Banca Passadore's eco-friendly payment cards

Banca Passadore & C. introduces, for the first time in Italy, Carta Banca Passadore and CARTA CONTO in eco-friendly material, an alternative to plastic respecting our Planet.

The body of the Cards - manufactured for Banca Passadore by G+D Mobile Security - is made of minimum 90% poly lactic acid (PLA), a material made from vegetables (mainly corn). Our Eco-Friendly Cards are produced from renewable biomass and perfectly fit today's environmentally friendly policies and the preference for renewable resources. This is the first case in Italy of a widespread usage of this innovative material for payment cards and represents a significant positive step in the direction of environmental care.

Banca Passadore's eco-friendly payment cards

PLA, an eco-friendly material

PLA is a bio-sourced (made from vegetables) and compostable material.

Plant growth consumes CO2. This CO2 compensates the possible release of CO2 in the end of life of the plant, thus creating a zero-sum CO2 product.

PLA used for Carta Banca Passadore and CARTA CONTO is according EN 13432, an European standard which covers the following fields of metrics:

Degradability in compostable environment (at minimum temperature, pressure, and humidity)
Absence of heavy metals
Eco toxicity: it doesn’t affect ecosystems

Corn used to produce the PLA is a mix of GMO and non-GMO corn. PLA manufacturer compensates the use of GMO corn buying the equivalent quantity of non-GMO corn.
PLA material used is produced according to sustainable biomass (ISCC PLUS certified).
The manufacturer of the PLA sheets used in Natural cards certificates the sheets are 90% PLA minimum.

How PLA is obtained?

Selected vegetables (mainly corn) are put through a milling process extracting the starch (glucose)
Enzymes are added to convert the glucose to dextrose via a process called hydrolysis
Microorganisms then ferment this dextrose into lactic acid
A two-step process transforms lactic acid molecules into rings of lactide, which is a valuable chemical on its own and the core of the customizable platform of chemical intermediates
In the process of polymerization, the lactide ring is opened and linked together to form the long chain of polylactide polymer called PLA
This long chain of PLA is shaped into pellets

How are Carta Banca Passadore and CARTA CONTO manufactured?

PLA pellets are shipped to the film supplying partner which turns them into PLA films, according to G+D Mobile Security's process and specific parameters. PLA films are brought to the producer's manufacturing facilities, where cards are produced and then provided to the Bank.