Climate action and responsible resources use
Financed emissions reduction
The Group’s commitment towards net-zero objective was confirmed in 2021 through the adhesion to the main Net-Zero initiatives promoted by UNEP FI and was further reinforced in the 2022-2025 Business Plan. Intesa Sanpaolo has chosen to pursue the net-zero objective by 2050 for all its main business lines, including its own emissions, the lending and investment portfolios, the asset management and insurance divisions.
UN SDGs SUPPORTED
Target Net-Zero
- Net-zero objective by 2050 for all main business lines: credit, investments and insurance sector;
- Intermediate targets by 2030 were set since 2022 in a number of sectors, with reference to financed emissions from lending activities. During 2024, the Group finalised the definition of decarbonisation targets for all key high-emission sectors: oil and gas, automotive, energy production, residential real estate, commercial real estate, agriculture - primary agriculture, aluminium, cement, iron and steel and coal mining, the latter with a gradual phase-out by 2025.
- Sectors covered by target setting accounted at the end of 2024 for 74% of the financed emissions of the portfolio of non-financial corporations (NFCs) in the sectors identified by the NZBA
- Targets are supported by actions identified and summarised in a sectoral transition plan, which integrates and updates the Group’s decarbonisation strategy, further extended and strengthened in November 2024 with the finalization of target setting
For further information on the targets defined both in the area of financed emissions and with reference to investment and insurance activities, please refer to Climate Report 2024.
The Group’s environmental commitment is also reflected in its participation in international working groups and international initiatives, in particular on climate change
A year of sustainability
Last updated 21 July 2025
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