ESG

Cautionary Note

Information in this site is not an offer for sale of securities. This site has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities and should not be treated as giving investment advice. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein. Any opinions expressed in this site are subject to change without notice and neither Itaú Corpbanca (the “Bank”) nor any other person is under obligation to update or keep current the information contained herein. The information contained herein does not purport to be complete and is subject to qualifications and assumptions, and neither the Bank nor any agent can give any representations as to the accuracy thereof. The Bank and its respective affiliates, agents, directors, partners and employees accept no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of this site. 

Certain statements in this site may be considered forward-looking statements. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "believe", "expect", "plan", "intend", "forecast", "target", "project", "may", "will", "should", "could", "estimate", "predict" or similar words suggesting future outcomes or language suggesting an outlook. These forward-looking statements include, but are not limited to, statements regarding expected benefits and synergies from the merger of Banco Itaú Chile with and into Corpbanca, the integration process of both banks, anticipated future financial and operating performance and results, including estimates for growth, as well as risks and benefits of changes in the laws of the countries we operate. 

These statements are based on the current expectations of the Bank’s management. There are risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, (1) problems that may arise in successfully integrating the businesses of Banco Itaú Chile and Corpbanca, which may result in the combined company not operating as effectively and efficiently as expected; (2) the combined company may be unable to achieve cost-cutting synergies or it may take longer than expected to achieve those synergies; (3) the credit ratings of the combined company or its subsidiaries may be different from what the Bank or its controlling shareholders expect; (4) the industry may be subject to future regulatory or legislative actions that could adversely affect the Bank; and (5) the Bank may be adversely affected by other economic, business, and/or competitive factors. 

Forward-looking statements and information are based on current beliefs as well as assumptions made by and information currently available to the Bank’s management. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections and other forward-looking statements will not be achieved. 

We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions expressed in such forward-looking statements. More information on potential factors that could affect Itaú Corpbanca’s financial results is included from time to time in the "Risk Factors" section of Itaú Corpbanca’s Annual Report on Form 20-F for the fiscal year ended December 31, 2021, filed with the U.S. Securities and Exchange Commission (the "SEC"). Furthermore, any forward-looking statement contained in this site speaks only as of the date hereof and Itaú Corpbanca does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this site are expressly qualified by this cautionary statement. 

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The information contained herein should not be relied upon by any person. Furthermore, you should consult with own legal, regulatory, tax, business, investment, financial and accounting advisers to the extent that you deem it necessary, and make your own investment, hedging and trading decision based upon your own judgment and advice from such advisers as you deem necessary and not upon any view expressed in this site. 

The Bank is an issuer in Chile of securities registered and regulated by the Commission for the Financial Market (Comisión para el Mercado Financiero or the "CMF"). Shares of our common stock are traded on the Bolsa de Comercio de Santiago, or the Santiago Stock Exchange, and the Bolsa Electrónica de Chile, or Electronic Stock Exchange, which we jointly refer to as the 

"Chilean Stock Exchanges", under the symbol "ITAUCORP". The Bank’s American Depositary Shares are traded on the New York Stock Exchange under the symbol "ITCB". Accordingly, we are currently required to file quarterly and annual reports in Spanish and issue hechos esenciales o relevantes (notices of essential or material events) to the CMF, and provide copies of such reports and notices to the Chilean Stock Exchanges and the SEC. All such reports are available at www.cmf.cl, www.sec.gov and in this site. 

Itaú Chile Headquarters - Santiago, Chile

With the vision of being the leading bank in sustainable performance and customer satisfaction, we declare our commitment to sustainable development and assume the challenge of stimulating social, environmental and economic development in a balanced and responsible manner, without compromising future generations.

Learn about our environmental, social and corporate governance (ESG) Initiatives

Highlights

Corporate Governance

"The main objective of our Corporate Governance is to create an efficient set of incentives and monitoring mechanisms to ensure that members of administration are always aligned with the best interests of our shareholders in a sustainable manner."

Responsible Investment

"In line with our commitment, over the years we have formally incorporated ESG factors within our investment process, as well as within our policies and practices."

Itaú Foundation

"We are a committed institution that works for the development and integration of the most vulnerable segments of our society."

ESG Integrated Annual Report

ESG Library

Indices and ESG ratings

We are part of market index portfolios for companies with recognized ESG practices.

ESG Indices

Emblem_All
Sello
Eiris

ESG Ratings

14/04/2021

FTSE4Good

22/03/2021

msci

09/04/2021


Dialog and Transparency

We focus on initiatives that cultivate long-term relationships built on trust with all our stakeholders. This helps generate shared value and improve our businesses.

Socio-Environmental Risks and Opportunities

We focus on initiatives that generate business opportunities and reduce socio-environmental risks, considering both market trends and stakeholder needs.

In Itaú, through its Sustainability Policy, we commit ourselves to sustainable development and assume the challenge of stimulating social, environmental and economic development, in a balanced, responsible and sustainable way. Aware of this, we have been developing actions and procedures aimed at mitigating the socio-environmental risks of the clients we finance.

In order to give greater depth and scope, during 2018 we perfected the analysis of socio-environmental risk, using our own approach applied to the loan portfolio, both for the Wholesale Banking and for the Retail Banking, incorporating also international standards in social and environmental matters, such as the Equator Principles and the Performance Standards of the International Finance Corporation (IFC)

Principles of the Socio-environmental Risk Policy

1

We include socio-environmental risk assessment criteria as an additional component of credit risk assessment.

2

We use segment-specific procedures to monitor the socio-environmental risk of customers who are subject to this policy.

3

We comply with the Ecuador Principles as a management framework for assessing social and environmental risks and International Finance Corporation (IFC) Performance Standards for project financing transactions

4

We avoid financing activities that contradict Itaú’s social or environmental values, especially those that concern people, ethics and customer benefits.

Our Socio-environmental Risk Assessment System is based on 3 pillars

We are signatories to the Equator Principles and the Principles for Responsible Investment.

Below are some summary examples of the application of the bank's Socio-Environmental Risk policies and procedures in client financing (available only in Spanish).

For more information, review our Climate Change and Socio-Environmental Policy (available only in Spanish).

Financial Literacy

We focus on initiatives designed to ensure that our customers are financially sound, providing them with information and identifying services that meet their needs.

In order to offer knowledge to a key segment - not only for Itaú but also for the country - and to complement our financial offer with initiatives that add value to our clients, this business advisory program for small and medium-sized enterprises ("SMEs") was created. The project consists of training that, through talks and workshops, allows SMEs to identify new opportunities for their business.

Below, you can review and download each of our training modules.

Press Training

We created the Press Training project in 2017 in order to provide tools, clarify doubts about the financial market and support the field of journalism, and consequently improve society’s understanding of the economic world. The project invites select journalists to a series of presentations from speakers from diverse areas of the bank and outside institutions.

In 2018, the program's second year, more than 30 journalists from several major media outlets attended these financial literacy talks. Presenters included the Chairman of Santiago Exchange, Juan Andrés Camus; the CFO of Itaú, Gabriel Moura; the Macroeconomic Coordinator and Chief Advisor for the Ministry of Finance, Hermann González; and the Dean of the School of Economics and Business at Universidad de Chile and former president of the Central Bank of Chile, José De Gregorio.

In 2020 and 2021, we developed four "Finance-Macro" meetings and two "Robotics" meetings.

  • Reading of company balance sheets
  • Financial industry balance sheet reading
  • Main Macro Indicators
  • Robotics

Our Causes

Our commitment to serve as an agent of transformation, leads us to support major causes such as urban mobility, culture, sports and education, through sponsorships, partnerships and projects for the benefit of the community.

sports

Sports

urban_mobility

Urban Mobility

education

Education

culture

Culture

society

The Environment and Society

To learn more about our initiatives, visit www.fundacionitau.cl

Agreement for the electronic waste circularity

Since 2017, we have maintained a collaboration agreement with Chilenter, a non-profit foundation that promotes education and social use of technologies, with the aim of circulating our electronic waste. Through the alliance, our unused computers are reviewed and donated to different vulnerable schools in the Metropolitan Region of Santiago.

Certificate of electronic waste delivery (January 2018)

Recycled e-waste

2018 2019 2020
14.038 kg 1.272 kg 16.319 kg