Financial inclusion
Supporting Third sector
Through the Impact Department of Banca dei Territori, Intesa Sanpaolo supports the activities of the Third Sector with a dedicated commercial offer. The Solidarity and Development Fund facilitates, with methods like those of the Fund for Impact, the granting of credit to organizations with good outlooks but difficulties in accessing credit.
UN SDGs SUPPORTED
€2.8 bn loans in the Third Sector
€252 m loans disbursed during the year
2023 Impact report
(RIM) Impact Detector
Using a special version of the RIM, Intesa Sanpaolo notes the expected effects of financing to the Third Sector supported by the Solidarity and Development Fund. In 2023, results for 2022 were published. A total of 662 questionnaires were filled in, which correspond to loans of around 261 million euro and the first results highlight that:
- in 56% cases there would have been no alternatives to the loan from Intesa Sanpaolo
- every million euro lent will generate 14 new jobs and preserve another 58
- over 19 thousand jobs will be created within the funded organizations, with an additional 9,000 as indirect effect on target communities
- Overall, 1.2 million people will benefit, in the long run, from the activities financed by Intesa Sanpaolo.
In June 2024, the 2023 report was published with the results of the social and environmental impact of 662 initiatives promoted by non-profit organizations and financed with 189 million euros during 2023.
The main results:
- 1.2 million potential beneficiaries per year, considering all initiatives at full capacity
- 25,800 jobs (created or preserved) related to the funded initiatives (of which 18,800 in the funded organizations and 7,000 with a direct effect on the reference communities)
- 4 macro-sectors most benefited: social assistance and civil protection (50 million euro), education and training (37 million euro), healthcare and healthcare (35 million euro)
- Intesa Sanpaolo credit is considered fundamental by customers: for 59% of the initiatives there would have been no alternatives to financing from the Bank.
Crowdfunding
For Funding is the Group’s social crowdfunding platform aimed at non-profit organisations that want to start a fundraising campaign to support high-impact projects, a unique and distinctive model in the world of social crowdfunding and financing for nonprofit projects..
Initiatives are selected by an internal team which assesses the beneficiary organisation and the type of projects in order to highlight the most deserving ones. Every transaction is free of charge to the donor and the beneficiary.
To stimulate donations and increase their impact, Intesa Sanpaolo is personally committed through its own donations, including through the devolution of a portion of its margins on some products subscribed by customers to For Funding projects with a mission consistent with that of the products themselves (e.g. Green Loan, S-Loan, “Exclusive” credit card).
€10.2 m raised from donation
€30 given by the Bank for each Green Mortgages
for project of environmental sustainability
€200 given by the Bank for each S-Loan
for projects with high social impact
50% of the interchange fees on the “Exclusive” credit card are donated by the Bank
for the support to projects aimed at aiding social vulnerabilities
Donations trough Intesa Sanpaolo platform For Funding
Destination of donations
Formula Program
Within the For Funding platform, the program supports projects focused on environmental sustainability, social inclusion, and access to the job market for disadvantaged individuals. Each quarter, the Group's territorial structures identify outstanding local nonprofit organizations that carry out interventions for community relief and development in their respective areas. The bank collaborates with these organizations to define a dedicated project and launches a fundraising campaign to support it through the For Funding platform. Additionally, the Bank contributes to the support by allocating 1.5 euro (increased to 2 euro since July 1, 2023) for many of the products purchased by customers online and promotes donations through its own channels.
€7.1 m raised from donations from the Bank and its customers
Including €740,000 allocated to local projects supported under the Formula in the last quarter of 2023 and disbursed in January 2024.
€5.9 million allocated to 52 local projects
Inclusive of €740,000 designated for projects supported under the Formula in the last quarter of 2023 and disbursed in January 2024.
€1.2 million allocated to two national initiatives of relevance by the Don Carlo Gnocchi Foundation
Initiatives "Guardians of Beauty" and "Digital Innovation alongside the Lives of the Most Vulnerable"
A year of sustainability
Last updated 15 July 2024
