“Net Zero”: the Intesa Sanpaolo Group confirms its commitment to the climate

Intesa Sanpaolo's asset management companies - Eurizon Capital SGR, Fideuram Asset Management SGR and Fideuram Asset Management (Ireland) - have signed the Global Investor Statement to Governments on the Climate Crisis: this is the most comprehensive statement to date, calling on governments to strengthen their climate policies and limit the rise in temperatures to within 1.5°C.

Signed by 534 financial institutions, managing over $29,000 billion in assets, the Global Investor Statement to Governments on the Climate Crisis is sponsored by The Investor Agenda and network partners, including UN PRI and IIGCC.

Already in 2021, the Intesa Sanpaolo Group decided to pursue the Net Zero goal by 2050 by joining all major Net-Zero initiatives of the Unep FI. It now takes a further step to promote broader international cooperation on this global challenge.

The statement calls for a whole-of-government approach across five critical policy groupings:

• enacting economy-wide public policies
• implementing sectoral strategies, especially in high-emitting sectors
• addressing nature, water and biodiversity-related challenges contributing to and stemming from the climate crisis
• mandating climate-related disclosures across the financial system
• facilitating further private investment into climate mitigation, resilience, and adaptation activities in emerging markets and developing economies.