Eurizon and Fideuram join Net Zero Asset Managers Initiative

Intesa Sanpaolo joins the Net Zero Asset Managers Initiative (NZAMI) through its asset management subsidiaries Eurizon Capital SGR, Fideuram Asset Management SGR and Fideuram Asset Management (Ireland).

Adhering to the NZAMI is a further step that strengthens Intesa Sanpaolo's commitment to "Net Zero" emissions by 2050 - which extends to the Group’s subsidiaries and covers both the Group’s operations and the Group’s lending and investment portfolios - announced on 20 October, when the Group also announced its adherence to the Net-Zero Banking Alliance (NZBA).

Eurizon Capital SGR and Fideuram AM SGR are the only Italian asset managers to have joined NZAMI to date. The initiative, launched in December 2020, currently has 220 signatories representing over $57 trillion in assets under management. It is made up of international asset managers committed to supporting the goal of net zero greenhouse gas emissions by 2050 or earlier, in line with efforts to limit global warming to 1.5 degrees Celsius, and to supporting investments in line with that target. The progress achieved must be reported in a TCFD Report, prepared in accordance with the Recommendations of the Task Force on Climate Related Financial Disclosures.

NZAMI is a partner of "Race to Zero", a United Nations-led campaign that brings together a coalition of initiatives (representing 733 cities, 31 regions, 3,067 companies, 173 major investors and 622 higher education institutions) committed to achieving zero net emissions by 2050 at the latest.

Eurizon also joined the Institutional Investors Group on Climate Change (IIGCC), the European body for the collaboration of investors on climate change, which act to promote the reduction of carbon emissions.