Relationships - Banco Itaú

Sustainability Vision
• Commitment to
Sustainable Development
Sustainability Governance
Sustainability Monitoring Committee
Board of Directors – Yearly meetings
Executive Sustainability Committee
Executive Committee – Half-yearly meetings
Sustainability Committee
Senior Managers and Directors – Meetings every two months
Sustainability Commission
Superintendents and Managers – Monthly meetings
Monitoring
Guidelines and Policies
Strategic
Operational
Sustainability Policy
The Bank’s Sustainability Policy was released
in early 2009. The initiative is designed to
inform all our strategic relationship groups
of the guidelines that permeate our strategy
and management, and promote innovations,
reviews and adjustments of our operations,
based on the concepts of sustainability.
This document provides operating guidelines
with respect to managing our businesses,
products and services, staff members and
relationships with suppliers, customers, society
and the environment.
To ensure our practices are consistent with the
Sustainability Policy, in 2009 an internal audit
was undertaken to examine the alignment
of our management structure, processes and
sustainability standards to the commitments
required under the policy, taking into account
the following:
• process of approval, disclosure, updating
and scope of the policy;
• governance for sustainability;
• management structure;
• guideline implementation process;
• commitments undertaken by the Bank;
• communication; and
• monitoring.
The audit revealed that the Sustainability Policy
guidelines are being applied in a consistent
and satisfactory manner, albeit at various
stages of implementation across our business
areas. The audit also pointed to improvement
opportunities for the policy, ranging from
establishing the frequency of updates to
defining of corporate processes, procedures
and controls which are structured to identify
and monitor management practices.
Sustainability Governance
The goal of Sustainability Governance is to
ensure we meet our list of commitments, which
allows us to undertake initiatives, promote
the improvement of practices and align the
decision making process. The Sustainability
Governance structure is composed of about
70 executives, from members of the Board of
Directors to managers and coordinators, and is
split into four levels
1. Sustainability Monitoring Committee
Comprised of members of the Board of
Directors, this committee is responsible for
monitoring the following: adoption of the
Sustainability Policy and its related practices;
checking its compliance with our values and
principles; monitoring the progress of our
ongoing strategy of integrating sustainability
into our culture and business management;
plus observing standards, trends and national
and international benchmarks. The Committee,
which meets once a year, can also propose,
whenever it deems necessary, new approaches
to the issues that constitute the sustainability
agenda and which can help the Bank with the
strategic handling of these issues.
22 Itaú Unibanco Holding S.A.