Sustainabiliy-conscious investments

The global financial system can decisively influence the future of the planet, directing capital flows towards sustainable activities to create an economy that respects the climate and the environment.

The Intesa Sanpaolo Group, a conscious interpreter of the change underway, has integrated ESG factors into its investment process in the belief that these elements, in addition to fostering sustainable economic and social development, can contribute positively to the financial results of customer portfolios, whilr reducing the risks.

With the 2022-2025 Business Plan, the Group aims to be a leader in Wealth Management, Protection & Advisory, with a strong commitment to the ESG field. It has declared among its objectives the expansion of the offer of sustainability-conscious products in asset management, its objective is the further development of Eurizon's proprietary ESG scoring and the development by Fideuram of consultancy services with an ESG focus.

Intesa Sanpaolo Assicurazioni Group is committed to developing an ESG offering dedicated to casualty and to enriching the ESG/climate offering within the Intesa Sanpaolo Assicurazioni Vita range.

UN SDG SUPPORTED

The Group's asset management company offers investors a broad and diversified range of funds that integrate the consideration of sustainability risks in investment choices. 

As part of the 2022-2025 Business Plan, Eurizon has strengthened its commitment to sustainability by expanding the range of Articles 8 and 9 SFDR funds.

In 2024, most of the UCITS funds launched by Eurizon Capital SGR S.p.a., Eurizon Capital S.A. and Epsilon SGR S.p.a. have integrated ESG factors into the investment analysis, selection and monitoring process, in line with the strategies established within the Eurizon Sustainability Policy. These strategies are based on the following main criteria: negative screening, positive screening and active shareholder base - engagement.

With reference to institutional mandates, the investment process takes into account the integration of ESG criteria within investment choices, in compliance with the provisions of Regulation (EU) 2019/2088; Currently, all institutional mandates comply with the exclusion criteria. In addition to direct financial support, the International Banking Division continues to expand its offer of sustainability-focused investments across all its networks. ESG investment products, already available at VÚB Banka (Slovakia), Intesa Sanpaolo Bank (Slovenia), Privredna Banka Zagreb (Croatia) and CIB Bank (Hungary), were further extended in 2024 to Intesa Sanpaolo Bank Albania.

Eurizon pays particular attention to the policies implemented by issuers, encouraging comparison with the companies in which it invests. The Italian Stewardship Principles are inspired by the Stewardship Principles promoted by the European Fund and Asset Management Association (EFAMA), of which Eurizon Capital SGR is a member, and which aim to encourage, at a European level, the development of good corporate governance practices.

* The amount indicated does not include Master funds established by the Asset Management Division, which are worth approximately 0.5 billion euro

It has adopted policies on the integration of sustainability risks and provides periodic information on the main negative effects on sustainability factors related to the selection of issuers, the definition of the financial product catalogue and the provision of investment and insurance distribution consultancy services. In order to ensure the dissemination of ESG products among customers, the Private Banking Division has set progressively more challenging objectives in the period 2022-2025, both with respect to the number of managed savings products marketed classified as SFDR articles 8 and 9 on the total of products placed, and with respect to the number of new managed savings products classified as articles 8 and 9 on the total of financial management products. new products being introduced.

Regarding products and services already part of the portfolio, Fideuram Asset Management SGR brought 44 discretionary portfolio mandates under Article 8 SFDR (2 Fideuram Fogli, 17 Fideuram Omnia and 25 Wealth Collection) and enriched the investable universe of Il mio Foglio ESG (Art. 8 SFDR). This product allows clients to build their portfolios starting from a specific list of strategies with strong ESG characteristics (all classified as Articles 8 or 9 SFDR) or to use predefined model portfolios (guided paths) identified by risk level and built according to the ‘High Conviction’ approach, linked to the tactical selection of specific ESG themes. Fideuram Asset Management Ireland expanded its range of Article 9 SFDR fund offering, launching the Fonditalia Clean Energy Solutions fund in June, and introduced the D-X ETF platform featuring 6 solutions (7 ISINs) in equities and bonds classified under Article 8 SFDR.

The Intesa Sanpaolo Assicurazioni Group has expressed its commitment to strengthen the integration of sustainability principles within its strategy and has established methodologies to select and monitor investments according to sustainable investment criteria. The Group is committed to expanding its range of products, investment options and services with sustainability features to be achieved through the placement of pension and insurance investment products and by supplementing customer documentation with detailed information. The Assicurazioni Group also incorporates environmental, social and governance aspects in its investment processes in financial instruments underlying the insurance products in its portfolio, with the aim of generating a positive impact while also encouraging the companies in which it invests to move along this direction. In particular, the Group’s commitment is reflected in the definition of a Policy for incorporating ESG factors and the principles of Sustainable and Responsible Investments (SRI) within the investment process. The Policy provides for, inter alia, the exclusion from the investment portfolio or restricted investment in issuers engaged in sectors that are deemed not socially responsible and in critical issuers.

¹ Which promote, among other characteristics, environmental and/or social ones, or which have sustainable investment objectives, classified pursuant to articles. 8 and 9 of the SFDR.

² On 13 January 2025, NZAMI initiated a review of the initiative to ensure its suitability for the new global context. During this review phase, the initiative will suspend activities aimed at monitoring implementation and reporting by signatories.