Ethics Committee

The Etica Sgr Ethics Committee, in office until October 2020.

Why an ethics committee?

In order to guarantee the high level of social responsibility of its funds and their management, Etica Sgr works with an external independent Ethics Committee made up of individuals known for their ethical principles and acknowledged experience in social, environmental, civil, religious and academic fields.

Composition of the ethics committee

The current Ethics Committee which will remain in office until October 2020 is made up as follows.

Leonardo Becchetti – Chairman

Born in Rome in 1965. Msc. in Economics from the London School of Economics and PhD from the University of Oxford. He is ranked by RePEc one of the world’s top 80 economists in terms of number of pages published in specialist journals. Currently coordinator of the MESCI Master’s Degree (Development Economics and International Cooperation), coordinator of the course in European Economy and Business Law and Professor of Political Economics in the economics faculty of University of Rome Tor Vergata. He is also director of the web site www.benecomune.net, spokesperson for the 005 campaign for financial reform, member of the Executive Committee of EconomEtica (university consortium for the study of corporate social responsibility), and a member of AICCON. After having chaired the Banca Etica Ethics Committee for several years, in December 2014 he became Chairman of the Etica Sgr Ethics Committee.

Born in Madrid in 1966. Graduated in Economics and Business, and gained an Executive MBA from the Instituto de Empresa – Madrid Business School. He is a partner – director of Sustentia, a consulting company for the third sector, and the public and private sectors in various fields including human rights.

He worked with the main civil society organizations for more than 15 years, including the CSR Observatory in Spain, where he oversaw 9 editions of the Annual Report on CSR in the annual statements of companies on the Spanish IBEX 35 stock exchange index. An expert in Transparency, Corporate Social Responsibility, Human Rights and Business, he has worked in various areas to do with combating corruption, he is also a member of the Board of Directors of Access Info Europe, a non-profit organization that works for rights of access to information.


Laura Berry – Vice President

Laura Berry is the former Director of the ICCR (Interfaith Center on Corporate Responsibility), an organization working on issues of social justice and responsible investment. Born in Detroit, she graduated from Michigan Technology University and subsequently gained a master’s from the University of Michigan. She subsequently obtained a Financial Planner Certificate from Quinnipiac University. Her first work experience, lasting 5 years, was that of chemical engineer. Subsequently she worked for 17 years on Wall Street as Large Cap Value Portfolio Manager.  During this period she came into contact with the ICCR for the first time and began to explore the issue of socially responsible investment.
In 2001 she left Wall Street to begin a new career as director of development programmes for the local community at New London Development Corporation, a non-profit organization working for social justice in the area of New London, a city in Connecticut. She later worked for 5 years as vice-president at the Community Foundation for Greater New Haven, one of the oldest and biggest institutions non-profit bodies in the United States.  In this job Laura was responsible for managing USD 15 million of philanthropic donations. On ICCR Laura stated: “ICCR allowed me to combine the skills of the financial analyst with an understanding of the symbolic value of money.”


Cecilia Brighi

Born in Rome in 1951. She is currently Secretary General of Italia-Birmania. Insieme and board member of the Friends of China Labour Bulletin. She has over 30 years’ experience in the trades union and CSR area, with particular reference to human and labour rights and environmental protection. From 2002 to 2012 she was Head of the International Policy Department at the CISL (Italian Confederation of Trade Unions), responsible for relations with Asia, the OECD (member of the TUAC delegation to the Committee on Trade and Investment and negotiator for the revised OECD Guidelines for Multinationals), the WTO (responsible for Italian trade policy and member of government delegations to the WTO); ITA (member of the Advisory Board); and the EU (member of the Multistakeholder Forum on CSR). Among other things she sat on the Board of Directors of the ILO (International Labour Organization) and for many years on the Commission on International Labour Legislation.  In this role she handled the case of Myanmar’s breach of international law on forced labour, monitoring adherence to ILO and EU sanctions by international institutions, governments and businesses. For the International Trade Union Confederation she chaired negotiations on the approval of the ILO declaration on sustainable enterprise and, as a member of the ILO Steering Committee on child labour has coordinated projects for ILO/Unicef/Confindustria, and CGIL-CISL-UIL in Pakistan, Bangladesh and Nepal. She has published numerous books and articles in international magazines and newspapers on questions of workers’ protection, sustainable development and the economic and political situation in Myanmar and China.


Carlos Cordero Sanz

Carlos Cordero SanzBorn in Madrid in 1966. Graduated in Economics and Business, and gained an Executive MBA from the Instituto de Empresa – Madrid Business School. He is a partner – director of Sustentia, a consulting company for the third sector, and the public and private sectors in various fields including human rights.

He worked with the main civil society organizations for more than 15 years, including the CSR Observatory in Spain, where he oversaw 9 editions of the Annual Report on CSR in the annual statements of companies on the Spanish IBEX 35 stock exchange index. An expert in Transparency, Corporate Social Responsibility, Human Rights and Business, he has worked in various areas to do with combating corruption, he is also a member of the Board of Directors of Access Info Europe, a non-profit organization that works for rights of access to information.


Enrico Fontana

Enrico FontanaBorn in Rome in 1958. A professional journalist, he has worked for various national publications including La Stampa and l’Espresso. Currently he is Managing Director of La nuova ecologia. From 1994 to 2006, as member of the national secretariat and head of the Environment and Legality Observatory for Legambiente, he edited the Ecomafia Report, a collaboration that continued until 2013.

From 2000 to 2005 he was National Vice President of Lìbera. Associazioni, nomi e numeri contro le mafie, coordinating in particular the social use of assets confiscated from the mafia and the project Libera Terra, to spawn new social cooperatives to use agricultural land seized from criminal organizations. From 2011 to May 2015 he was president of Consorzio Libera Terra Mediterraneo, a charitable social cooperative, where he is currently vice president.


Walter Ganapini

Born in Reggio Emilia, 21 May 1951. A graduate in Chemistry from the University of Bologna, he has held numerous prominent positions in scientific/environmental fields including: from 1975 to 1981 he ran the Department of Environmental and Energy Technologies at the Reggio Emilia C.R.P.A.; as Assistant to the President of the Region of Emilia-Romagna, he drafted the first Regional Energy Plan. From 1982 to 1986 he was a member of the European Commission’s Energy Demonstration and Evaluation Team; from 1988 to 1993 he was an expert in the European Economic and Social Committee; from 1988 to 1994 he chaired the Scientific & Technical Committee on Waste at the Environment Ministry; from 1987 to 1993 he was Director of the Ecoenergetic Systems Division at Lombardia Risorse; from 1990 to 1998 he sat on the boards of various municipal agencies including AMSA of Milan and AMA of Rome; from 1995 to 1997 he was Environment Commissioner for the City of Milan; in 2005 he founded and until 2007 directed Macroscopio, an analysis and certification institute for energy and the environment; from 2008 to 2010 he was Environment Commissioner for the Region of Campania; from 2010 to February 2011 he was Chairman of the Board of Directors of APRI-Ambiente. He has taught at numerous universities in Italy and abroad. He was one of the founders of Legambiente (1978) and was President of Greenpeace Italy. He is the author of numerous books and has published more than 70 articles in international and Italian technical and scientific journals.


Mariantonietta Intonti

Mariantonietta IntontiBorn in Bari in 1971. Following her degree in Economics and Business, she took a research doctorate in Banking and Financial Sciences at the University of Calabria. She is currently associate professor in the department of economics and finance at the University of Bari Aldo Moro, and has worked with Etica Sgr in the past during conferences organized with the Sustainable Finance Forum.

Her studies and research are focused on ethical and sustainable finance, in particular ethical mutual funds and micro-credit, social responsibility in banking, capital adequacy of banks and banking balance sheets, relations between private banking and asset management, proximity banking, sovereign funds and remuneration policy and corporate governance in banking. She has discussed all these issues in numerous essays and conventions as well as stand-alone publications.


Mikhail Maslennikov

Born 1 December 1981. After graduating cum laude in Mathematics from the University La Sapienza in Rome, he completed a master’s in Econometrics & Operations Research at the VrijeUniversiteit of Amsterdam in the Netherlands.

He currently works for Oxfam Italy as policy advisor on tax justice and inequality and is one of the coordinators of the ZeroZeroCinque campaign at the Italian NGO ManiTese, where he has worked as a volunteer for several years. He has also worked on monetary policy analysis at the European Central Bank.


Alessandra Smerilli

Alessandra SmerilliBorn in Vasto (Chieti) in 1974. Graduated in Economics and Business and gained a research doctorate in Political Economics from the faculty of Economics at University La Sapienza Rome, and a PhD in Economics from the School of Economics at East Anglia University. Full-time lecturer at the Pontifical Faculty of Educational Sciences Auxilium, she teaches theory of cooperation and ideal-driven organizations at LUMSA University and economics, ethics and finance in the Faculty of Philosophy at the Salesian Pontifical University, and is a lecturer for the Master’s in Civil and Non-profit Economy at Bicocca University in Milan.

She is Secretary of the Scientific and Organizational Committee of Settimane Sociali dei Cattolici, sponsored by the Italian Episcopal Conference. She takes an active part in conventions and seminars on the broader questions of today’s civil economy ranging from cooperation to development, always with a focus on the person, the family and women as economic subjects for a new model of development.