The charter is composed of: Values, Vision and Mission, Code of Ethics and the 10 Principles for the management of impaired loans. These values are the guidelines by which AMCO’s employees, and its partners, act on a daily basis carrying out credit management activities in a responsible way. As such, concepts are transformed into actions and principles into concrete examples.
Our Values Code of Ethics Principles for credit management
The four pillars are the foundations of our sustainability strategy and represent the areas in which, through our actions, we create sustainable value for all our stakeholders.
aligning our people and
our stakeholders to ESG objectives
AMCO’s Governance includes the Stakeholder Engagement & Sustainability function as well as an ESG & Sustainability Committee with proposal and advisory functions to the Board of Directors, in order to promote the 360° integration of ESG best practices into our value chain.
These are our strategic objectives:
Our commitments:
We are committed to align the remuneration plans and ESG principles aimed at ensuring a company-wide understanding of ESG factors
We are committed to include the sustainability criteria within the evaluation of our main suppliers
Managing credit with a sustainable approach, following ethical principles, respecting our clients and supporting the Italian economy
Managing credit sustainably means to adopt a collaborative approach to the credit recovery and the integration of ESG criteria within the NPE credit business, respecting clients and supporting companies.
These are our strategic objectives:
Our commitments:
Our committments:
We are committed to mapping the energy labels of repossessed properties with a view to a potential improvement.
We are committed to contribute to the financial education of corporates to discourage unsustainable indebtedness level.
We have defined 10 Principles for the management of impaired loans: ten guidelines to direct our activities and those of our partners.
Discover the 10 Principles for the management of impaired loans
We actively cooperate with our clients, seeking to reach an extra-judicial settlement through constructive dialogues.
Our sustainable and patient approach is guided by the desire to safeguard business continuity and industrial relaunch, including by providing new financing.
Promoting the enhancement, development and the wellbeing of our people
We support people through the development of skills, well-being and satisfaction, not only in the office.
These are our strategic objectives:
Our commitments:
Our commitments:
Our main initiatives for people wellbeing
For a healthy lifestyle, we have activated a fitness program with Healthy Virtuoso to measure our physical activity and share experiences as a team building.
For every AMCO person who joins, Healthy Virtuoso is committed to plant a tree.
In our break areas we have innovative smart fridges for healthy eating in the office with 100% recyclable or biodegradable packaging.
Surplus food is recovered in collaboration with Too Good To Go and Banco Alimentare.
Aimed at allowing an optimal home/work balance and adopting the smart-working agreement for 10 days a month, allowing our employee to use it in a flexible way.
About the employer benefits, we support families with scholarships to children and bonuses for new parents.
We respect our future with eco-friendly behaviours and responsible resource consumption
The environmental protection is a priority and we want to further increase focus on our consumption to monitor and contain our carbon footprint. Aware of the strength we all have together, we are committed to raising awareness and involving people in virtuous initiatives and projects.
These are our strategic objectives:
Our commitments:
Our commitments:
Our main projects for the environmental protection
To reduce GHG emissions and reduce energy consumption, we use sensor lights in our Milan offices.
Starting from winter 2022, closure of offices during days with high traffic intensity, holiday “bridges”, winter holidays as well as during periods with extremely low temperatures.
Separate waste collection is guaranteed in all offices, we use stationery made of recycled plastic and FSC-certified paper.
We aim for the dematerialisation of all documents starting with business cards for which we already use barcode technology.
In cooperation with Rete Clima, AMCO created a first event in the Milan area on re-forestation in planting a total of 150 trees. We launched a climate coaching programme to reduce our personal impact on the climate.
We launched a project to avoid food waste in collaboration with ThinkAbout NO Waste, which recovers surplus foodstuffs.
In January 2023, we achieved the LEED GOLD certification for the Milan headquarters in Via San Giovanni sul Muro 9, in compliance with the ESG criteria.
AMCO has also applied for the Fitwel certification, testament to its focus on employees’ health and wellbeing.
The materiality matrix shows that the most relevant topics for all stakeholders are related to ethical behaviors in the sustainable credit management and in the development of human capital, which are embedded in the pillars of AMCO’s ESG strategy.
The engagement process with AMCO's main stakeholders led to the identification of topics which are considered material, specific to a sector such as the one in which AMCO operates.