Intesa Sanpaolo increases use of renewable energy, reducing own emissions

The image accompanying the News on Intesa Sanpaolo's acceleration in reducing its emissions through an agreement with A2A on the use of energy from renewable sources, portrays a large installation of photovoltaic panels shot against the light

Intesa Sanpaolo is accelerating the reduction of its own emissions by increasing the use of energy from renewable sources.

Under a new agreement with A2A, electricity will be sourced from two photovoltaic plants, which will meet about 10% of the Group's annual needs in Italy (about 30Gwh) for 10 years.

The two newly constructed photovoltaic plants are located in Sicily and will come into operation during 2024.

For the bank led by Carlo Messina, the initiative represents an effective contribution to the decarbonisation process, diversifying the sources of energy supply and stabilising the purchase price for part of its needs.

Highlights of the Intesa Sanpaolo Group's ESG commitment in 2022/2023: