Coal sector policy is approved
Intesa Sanpaolo has issued a policy that defines limitations and exclusion criteria with reference to credit operations in the coal sector for the Group. The policy applies to lending operations provided by the Group, in all the countries where it operates, in the sectors of thermal coal mining and Coal Fired Power Plants (CFPPs).
Intesa Sanpaolo will continue to finance companies that demonstrate a documented medium/long-term strategy for the progressive reduction of the use of coal or request financing directly related to coal transition objectives, for example in the form of “green loan”, “sustainable loan” or “transition loan”.
The policy defines the limitations and exclusion criteria for the Group's credit operations in the coal sector. Download the short version of the policy
Intesa Sanpaolo is therefore confirmed as the engine of sustainable and inclusive growth not only in Italy but also abroad, as demonstrated by its positioning within the main indices and social and environmental sustainability rankings.
Last updated 1 June 2020 at 15:33:39