green social sustainability bonds framework

The 2023 update of Banco BPM's Green, Social and Sustainability Bonds Framework includes expanded company description and updated sustainability positioning. The introduction section has been substantially expanded to provide more detailed context about the bank's operations, employee base, business model integration, stakeholder approach, and explicit commitment to ESG strategic roadmap. The framework structure and core sections remain consistent between versions, but the 2023 version demonstrates a more comprehensive articulation of the bank's sustainability commitment and organizational scope.

• expanded Company Description and Sustainability Positioning — Introduction expanded to include detailed information on bank's employee base (~20,000), updated franchise statistics (76% in northern Italy vs. prior 80%), and explicit integration of ESG strategic roadmap into business model and mission.
• expanded Stakeholder Engagement — 2023 version explicitly articulates mission reflecting interests of shareholders, customers, partners, and local communities, with emphasis on supporting people, businesses, and non-profit organizations.
• expanded Business Model Definition — Enhanced description of multi-channel approach integrating branch franchise with digital banking activities, and explicit mention of strategic partnerships and joint ventures across various business lines.