Commitment to environment and climate
Act today for the climate
to achieve the goals of today and tomorrow
Intesa Sanpaolo has chosen to pursue the "Net Zero" goal by 2050 - for its own emissions, for loans and investments portfolios, asset management and insurance business - by joining: the Net-Zero Banking Alliance (NZBA), through Eurizon Capital SGR, Fideuram Asset Management SGR and Fideuram Asset Management Ireland, to the Net Zero Asset Managers Initiative (NZAMI) and through Intesa Sanpaolo Vita to the Net Zero Asset Owner Alliance (NZAOA) and the Net-Zero Insurance Alliance (NZIA).
In the 2022-2025 Business Plan, the commitment was confirmed through the publication of the carbon neutrality target for own emissions already in 2030 with 100% of energy purchased from renewable sources at Group level, targets aligned with net zero by 2030 in the following sectors (Oil&Gas, Power Generation, Automotive, Coal mining) and by protecting and regenerating natural capital.
Intesa Sanpaolo has always been committed to promoting environmental sustainability by integrating this objective into its strategy with an important commitment to support the green transition which aims at supporting businesses and the circular economy as well as reducing its emissions.
The ecological transition is an innovation process that promotes the transition from an economic, social and environmental model that is dissipative and extraneous to the environmental context in which it is inserted, to a system of regenerative production and consumption that has economic, social and environmental sustainability as its goal.
The path towards ecological transition and Net Zero commitments are fundamental to guaranteeing a future for present and next generations. It is necessary to set concrete objectives to overcome the difficult challenge of climate change.
Main objectives and results
-9% emissions Scope1+2 vs 2021
Carbon neutrality of own emissions by 2030, Net-Zero by 2050 relating to the loan, investment portfolios and wealth management
-22% absolute financed emissions
vs 2022 in high emissions sectors defined by NZBA
Think Forestry project
commitment to restoring and increasing natural capital
Data referred to 2022-2025 Business Plan and, where not otherwise stated, are data as at 31.12.2023
Environmental protection and attention to climate change are key dimensions of the Intesa Sanpaolo Group's responsibility and the importance of this commitment is first of all reaffirmed in the group's values and in the codes and rules that guide its way of operating.
Clear examples of this are the Code of Ethics, the Rules for the environmental and energy policy, the Guidelines for the governance of environmental social and governance risks (ESG) and, in order to support the transition to a low-carbon economy, also the Rules for the coal sector and the Rules for lending operations in the unconventional oil&gas sector.
Thanks to these foundations, the Bank is able to set up action plans and processes that allow it to manage its activities, environmental risks and related mitigation actions in an integrated and constructive way.
Environment and climate change: discover all the objectives and the results
| Plan Objectives for 2022-2025 |
Description | Results as at 31 December 2023 (where not specified) |
| Containment of CO2 emissions |
Carbon neutrality of own emissions by 20301 Net Zero by 2050 with regard to both its own emissions and those relating to the loan and investment portfolios, asset management and the insurance business - with participation in the Net-Zero Banking Alliance (NZBA), the Net-Zero Asset Managers Initiative (NZAMI), the Net-Zero Asset Owner Alliance (NZAOA) and the Net-Zero Insurance Alliance (NZIA) |
Scope1 + 2 Market-based2: 69,067 tCO2 eq -9% vs 2022 This result was achieved through continuous improvement in terms of energy efficiency, space optimisation and progressive transition of the company fleet to hybrid and electric vehicles. This is also confirmed by the downtrend in electricity consumption, which stood at -8% compared to the previous year. |
| Energy consumption |
100% renewable energy at Group level in 2030 (level already reached in Italy in 2021) Maintenance of electricity production levels from photovoltaic energy |
Renewable electricity purchased versus total purchases: ~88.2%
|
| Responsible management of resources | Responsible use of resources | Paper purchased: 4,094 t, -5.4% vs 2022 ISO 14001 and 50001 certified scope: 100% of Intesa Sanpaolo sites in Italy and CIB Bank in Hungary |
| Natural capital protection and restoration | Commitment to restoring and increasing natural capital with over 100 million trees planted, directly and with loans dedicated to corporate customers Adoption of a specific policy on biodiversity |
Launch of Think Forestry, a project dedicated to reforestation and the preservation of natural capital, to promote environmental sustainability and the transition towards a net zero economy |
| Transition to a sustainable, green and circular economy | New lending to support the ecological transition: 76 billion euro's worth of loans in line with the National Recovery and Resilience Plan (2021- 2026) Customer support through the ESG/climate transition
|
~44.9 billion euro disbursed in 2021-2023
Circular economy credit plafond: €5.6 billion euro disbursed
5.2 billion euro granted since launch |
1-53% vs 2019 through specific medium-long term actions aimed at reducing its consumption of natural gas, diesel oil and traditional electricity.
2 Market-based: the Scope2 data for purchased electricity considers the contribution, agreed contractually, of the guaranteed renewable source certificates, which therefore have zero emissions.
Latest news
Insights into environmental challenges
Climate Change
Intesa Sanpaolo's commitment to combat climate change.
Direct environmental impacts
Actions aimed at the mitigation of direct emissions and the support to green initiatives and projects.
International working groups
International initiatives and working groups aimed at promoting dialogue on the environmental sustainability and climate change issues.
ESG Transition
A wide and various offer of financing and consulting products, attentive to the protection of the environment around us.
Documents and indicators
Documents relating to environmental reporting and information relevant to the investors are available below.
| 2023 Documents | |
| 2023 Climate Report | |
| Consolidated Non-financial Statement 2023: | |
| Transition to a sustainable, green and circular economy | |
| Climate change | |
| Environment indicators - pdf | |
| Environment indicators - excel | |
| Green and Social Bond Report 2023 | |
| Documents of previous years | |
| 2022 TCFD Report |
|
| Consolidated Non-financial Statement 2022: | |
| Transition to a sustainable, green and circular economy | |
| Climate Change | |
| Environment indicators - pdf | |
| Environment indicators - excel | |
| 2022 Green Bond Report |
|
| Green Bonds Documents | |
| Bond issued in March 2023: | |
| Green, Social and Sustainability Bond Framework - June 2022 | |
| Second Party Opinion ISS - June 2022 | |
| Press note | |
| Bond issued in February 2023: | |
| Green, Social and Sustainability Bond Framework - June 2022 | |
| Second Party Opinion ISS - June 2022 | |
| Press note | |
| Social Bond issued in October 2022: | |
| Green, Social and Sustainability Bond Framework - June 2022 | |
| Second Party Opinion ISS - June 2022 | |
| Investor presentation | |
| Press note | |
| Bond issued in August 2022: | |
| Green, Social and Sustainability Bond Framework - June 2022 | |
| Second Party Opinion ISS - June 2022 | |
| Investor presentation | |
| Press note | |
| Bond issued in November 2019: | |
| Green Bond focused on Circular Economy Report - 2020 | |
| Press Release | |
| Intesa Sanpaolo Sustainability Bond Framework |
|
| Second Party Opinion by ISS ESG |
|
| Investor presentation | |
| Bond issued in June 2017: |
|
| Green Bond Report 2020 | |
| Green Bond Report 2019 |
|
| Green Bond Report 2018 |
|
| Green Bond Framework |
|
| Green Bond Presentation | |
| Green Bond Press Release |
|
| 2023 Documents | |
| 2023 Climate Report | |
| Green and Social Bond Report 2023 | |
| Bond issued in March 2023: | |
| Green, Social and Sustainability Bond Framework - June 2022 | |
| Second Party Opinion ISS - June 2022 | |
| Press note | |
| Bond issued in February 2023: | |
| Green, Social and Sustainability Bond Framework - June 2022 | |
| Second Party Opinion ISS - June 2022 | |
| Press note | |
| Social Bond issued in October 2022: | |
| Green, Social and Sustainability Bond Framework - June 2022 | |
| Second Party Opinion ISS - June 2022 | |
| Investor presentation | |
| Press note | |
| Bond issued in August 2022: | |
| Green, Social and Sustainability Bond Framework - June 2022 | |
| Second Party Opinion ISS - June 2022 | |
| Investor presentation | |
| Press note | |
| Climate Change Action Plan |
|
| Consolidated Non-financial Statement 2022: | |
| Transition to a sustainable, green and circular economy | |
| Climate Change | |
| Environment indicators - pdf | |
| Environment indicators - excel | |
| Consolidated Non-financial Statement 2021: |
|
| Transition to a sustainable, green and circular economy | |
| Climate Change | |
| Environment indicators - pdf |
|
| Environment indicators - excel |
|
| Consolidated Non-financial Statement as at 30 June 2021: |
|
| Environmental and Climate Change indicators |
|
| Green Bond Report 2021 | |
| Bond issued in March 2021: |
|
| Green, Social and Sustainability Bond Framework |
|
| Second Party Opinion |
|
| Bond Investor Presentation |
|
| Press release |
|
| Bond issued in November 2019: | |
| Green Bond focused on Circular Economy Report - 2020 | |
| Press Release | |
| Intesa Sanpaolo Sustainability Bond Framework |
|
| Second Party Opinion by ISS ESG |
|
| Investor presentation | |
| Bond issued in June 2017: |
|
| Green Bond Report 2020 | |
| Green Bond Report 2019 |
|
| Green Bond Report 2018 |
|
| Green Bond Framework |
|
| Green Bond Presentation | |
| Green Bond Press Release |
|
Last updated 10 April 2024 at 16:18:38
