To boost and support the green economy, Intesa Sanpaolo has developed a wide and diversified offer of financing and consulting products, dedicated to all types of customers, in Italy and abroad.Intesa Sanpaolo also oversees environmental and social risks in major projects and is working to implement new criteria to address environmental risks connected to the disbursement of loans.
In 2017 the Group allocated 1,256 million euro to the green economy, corresponding to 2% of all Group loans.Total disbursements between 2010 and 2017 came to over 16 billion with an inconsistent trend also due to different incentive policies. The commitment of the Intesa Sanpaolo Group to finance projects linked to the green economy will continue in 2018 as well.
With regard to retail customers, the Bank continued to provide loans and mortgages for environmental purposes in 2017. These loans regarded the replacement of fixtures and high-performance boilers, the renovation of buildings from an energy efficiency perspective, the purchase of environmentally-friendly vehicles and the installation of solar and photovoltaic panels. In addition, Mutuo Case prefabbricate in legno (loan for prefabricated timber-frame houses), meets the needs of customers that are more sensitive to environmental issues, channelling resources into the purchase of wooden buildings that respect specific safety and construction standards. During the year the new Servizio Valorizzazione Immobiliare (Real Estate Enhancement Service), a new service accessory to financing, also aimed at supporting those customers who wish to increase the value of their home through energy requalification. The service is provided through a dedicated platform developed by ISP Casa in collaboration with CasaClima (a specialist in the energy saving sector).
2017 also saw the ongoing disbursement of short and medium/long-term loans in support of projects for the use of photovoltaic panels, biomass plants, hydroelectric plants and energy efficiency works for professionals and businesses. From this point of view, important is the contribution of Mediocredito Italiano the bank of the Group that combines medium-long term loans, leasing and factoring into a single entity. Through the Sustainable Energy and Leasenergy program, "tailor-made" financial solutions and specialist consultancy services are provided for companies that invest in renewable energy production plants or in energy efficiency processes. Mediocredito Italiano's Desk Energycontinues to focus its attention on the issue of energy efficiency, also by taking part in operational tables to compare with the competent institutional subjects and structuring partnership initiatives with dedicated national funding providers with leading national operators. At the end of 2017, the Mediocredito Italiano portfolio in the green sector amounted to over 1.5 billion euro, equal to about 10% of total medium and long-term loans. The Intesa Sanpaolo Group also continued to pursue its Circular Economy project thanks to which numerous initiatives and actions were carried out in 2017 to promote the awareness and adoption of this model.During the year around 40 Italian businesses were subjected to the Circular Economy Standard, created to verify and analyse the level of circularity of businesses along their value chain, i.e. the innovation of their business model according to the principles of the circular economy.
As part of non-profit organizations, Banca Prossima continues to support energy efficiency projects with solutions that help customers optimize the cash flows generated by the investment and reduce the costs of financing. At the end of 2017, the total funding related to the agreement with Federesco (National Federation of ESCo) is equal to 1.5 million euro.
In June 2017 Intesa Sanpaolo issued a 500 million euro Green Bond connected with environmental sustainability projects.The commitments undertaken by Intesa Sanpaolo are defined in a set of guidelines (Green Bond Framework) inspired by the Green Bond Principles, a voluntary protocol that favours the transparency of the operation and involves the close monitoring of the environmental projects that receive the funds. The compliance of the framework with these principles was verified by an external ESG research and analysis company.
Finally, Intesa Sanpaolo, through Banca IMI operates on derivative contracts on CO2 in international markets (EUA), with a business volume of 15 million euro as of end 2017.
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Our commitment to the environment (Italian version)