The word "climate change" is referred to the increase in the average temperature of the atmosphere and the oceans. The cause of this change is scientifically proven to derive mainly from the accumulation of greenhouse gases in the atmosphere. Its impact goes well beyond the environmental issue and involves many different aspects, from economy to technology, from safety to biodiversity, with significant repercussions on equality and the respect of human rights.
Intesa Sanpaolo is fully aware of the importance to pursue a clear and effective strategy to contrast climate change and set precise qualitative and quantitative targets. In particular, with reference to greenhouse gases emission, Intesa Sanpaolo Group has an impact both direct (through independent heating or the use of corporate fleet vehicles) and indirect (use of electricity, centralised heating, business trips, etc.). Emissions into the atmosphere of greenhouse gases resulting from combustion residues are reduced every time technological innovations for the modernisation of plants introduce more energy-efficient systems. Intesa Sanpaolo Group for years has been committed to reducing its emissions through:
implementation of optimisation and energy efficiency measures (reduction of lighting and air conditioning consumption, choice of more energy-efficient office equipment, plant maintenance, waste recycling, use of recycled products, etc.);
participation in important international initiatives to encourage dialogue between companies, international organizations and civil society and to pursue the respect of the environment. Collaboration with several international organisations for the development and application of sustainability guidelines to the financial sector (including the World Business Council for Sustainable Development and Global Legislator Organisation for a Balanced Environment in the European Parliament);
Our commitment and the projects aimed at reducing the emissions generated and the objectives for the future are accurately monitored and reported through the key stakeholder communication tools: Consolidate Non-Financial Statement , CDP reporting, Group website, etc.
Furthermore, from October 5, 2018 Intesa Sanpaolo decided to support the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), established by the Financial Stability Board. The Task Force published a report in June 2017 containing indications for the dissemination of transparent reporting on risks and opportunities related to climate change, to be included in the framework of financial information for stakeholders.
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Our commitment to the environment (Italian version)