Sustainability

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Itaú Corpbanca 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 more about our intiatives.

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)

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 Socio-Environmental Risk 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.

Business Advisory Program

With the aim of offering knowledge to a key segment – not only for Itaú but also fot the country – and complement our offering of financial services, we developed the Business Advisory Program, an initiative that provides value for small and medium-size enterprise (SMEs) customers.

The program consists of training that, through talks and workshop, allows SMEs to identify new opportunities for their Company. Next, review the contents of the program (available only in spanish):

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.

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. Find out more about some of our initiatives below:

sports

Sports

urban_mobility

Urban Mobility

education

Education

culture

Culture

society

The Environment and Society

#BiciEscuelita Itaú

This initiative, open to the whole community, consists of the installation of a road circuit on a scale, where younger children can learn to ride their bikes with help from counselors and, those who mastered their riding skills can learn more about traffic rules and signs.

Until now, the project has been developed in the CicloRecreoVía, specifically in Costanera Andrés Bello Avenue at the height of Pedro de Valdivia Street.

In addition to providing the infrastructure for the circuit, Itaú loans helmets to any children who require them and a free hydration and rest area.

With projects such as #BiciEscuelita, Itaú upholds its commitment to promoting urban mobility through the use of sustainable means of transport. This in the context of fostering projects that have a positive and transformative impact on people's quality of life.

At the close of its second edition (March 2019), about 1,000 children between 3 and 9 years old have “graduated” in the BiciEscuelita.

Experiencia Empresa

Experiencia Empresa is an educational orientation program that introduces participants to the job world. Its main objective is to expose at-risk students to the reality and challenges of the job market facing them once they graduate from a technical-professional institute.

The program offers students between the ages of 15 and 17 in the first year of their specialty program (11th grade) at select institutes a two-week, mini-internship at Itaú. During their time at the bank, the students work in their specialty area and have all the rights and responsibilities of a hired employee. They are supervised by a bank employee that volunteers to mentor them.

Lee para un Niño

At Itaú, we are aware of the important role reading plays in forming citizens with critical thinking skills. Therefore, we have developed the “Lee para un Niño” program to encourage reading in children ages three to seven living in at-risk conditions.

In order to create a space for them to become fascinated with reading, bank volunteers engage in reading-related activities at numerous educational centers and shelters. While there, the volunteers spend time with the children and read to them in a playful setting that enables the kids to construct their own stories, create, imagine, learn, get to know other realities and make sense of their day-to-day experiences.

Agreement with Chilenter

In 2017 we signed a collaborative agreement with Chilenter, a non-profit foundation that fosters technology education and social use. Through this partnership, we are involved in several initiatives to recycle electronic waste.

Certificate of electronic waste delivery (January 2018)