Own emissions reduction plans
The greenhouse gas emissions that the Intesa Sanpaolo Group reports as CO2 equivalent (CO2e) in accordance with the international Greenhouse Gas Protocol (GHG Protocol) are made up of direct Scope1 emissions (heating fuel, fleet, F-GAS leaks ) and indirect Scope2 emissions (central air conditioning system and electricity).
Since 2009 Intesa Sanpaolo has pursued medium-to-long-term goals to reduce its own emissions with action plans centred on energy savings, economic savings and lowering of CO2 emissions.
With the Climate Change Action Plan, in 2017 it set itself CO2 emissions reduction goals connected with its activities for 2022 and 2037, taking 2012 as its benchmark year. Considering also the expansion of the reporting scope following the acquisition of the UBI Banca Group, the targets for 2022 were met comfortably.
UN SDGs SUPPORTED
88% in 2021
compared to maintaining a >1,000 MWh per year target
The self-production of energy from renewable sources comes from the photovoltaic plants in Italy, 9 of which with a capacity under 20 kWp and 10 of large size, and from two plants in Slovenia. In 2022 the Intesa Sanpaolo Group self-produced 1,344 MWh of energy, saving around 186,000 euro on the purchase of electricity and avoiding 633 tonnes of CO2 emissions.
Given its participation in the Net-Zero Banking Alliance and the increasing strategic significance of the issue of CO2 emissions, in 2022 Intesa Sanpaolo published a new plan, the Own Emissions Plan in replacement of the previous Climate Change Action Plan, setting new targets for 2030 that also respect the requirements of the SBTi.
offsetting of remaining emissions in 2023 through specific projects
The Group’s strategy to reduce Scope 1 and 2 own emissions produced significant results in the reduction of its energy consumption in 2022 as well, in accordance with the goals set in the Plan.
thanks to energy efficiency measures, reorganisation of the sales network and streamlining of premises
excluding consumption for trigeneration
The reduction of thermal energy consumption was influenced by various factors as well as the Group’s emissions reduction target, international energy crisis and the national regulations aimed at reducing energy consumption and the opening of the new high-performance trigeneration power plant at the Parma site which, though making it possible to produce over 25 GWh of electricity, also resulted in an increase in gas consumption.
Scope 1 + Scope 2 Market-based: the Scope 2 data on purchased electricity considers the contribution, agreed contractually, of the guaranteed renewable source certificates, which therefore have zero emissions.Contributing factors to the reduction in overall greenhouse gas emissions include the continuous improvement in energy efficiency, the increase in purchases of electricity from renewable sources by the international subsidiaries, and the commercial reorganisation that took place during the year (sale of former UBI Group branches and closures due to mergers).
As well as reducing the need to commute through the consolidation of flexible work and training (e.g. remote working), Intesa Sanpaolo assists people with their daily commutes, improving their quality and promoting sustainable forms of transport.
As well as a Mobility Manager, as required by the regulations, the Group organisation includes a coordination team and a Local Mobility Manager for every town to ensure extensive monitoring of the issues which is in line with the widespread presence of Intesa Sanpaolo.
The main projects and services are aimed at reducing private individual transport and related CO2 emissions and renewing the company fleet according to criteria that promote respect for the environment.
Mobility management initiatives
Forecast savings of over 735 tonnes of CO2 in Italy
(1) Fluorinated gases used as refrigerants in the refrigeration, air conditioning and heat pump sector (e.g. hydrofluorocarbons, HFCs), isolation gases in electricity grid connections (e.g. sulphur hexafluoride, SF6) and in the electronics and pharmaceuticals sectors (e.g. perfluorocarbons, PFCs).
Last updated 30 May 2023