INTESA SANPAOLO PUBLISHES ITS CONSOLIDATED NON-FINANCIAL STATEMENT AS AT 30 JUNE 2020
- approximately 40 billion euro of new medium/long-term loans, of which over 18 billion euro of high social impact loans (46% of the total) and 16.5 billion euro in support of the production system during the health emergency
- over 25% total share of the sustainable investments market in Italy
- a monetary contribution to the community of over 135 million euro, of which 100 million euro donated to support Italy’s National Health Service
Turin, Milan, 28 September 2020 - Intesa Sanpaolo has published its Consolidated Non-Financial Statement as at 30 June 2020, a structured, organic half-yearly report that uses a set of quantitative indicators to present a thorough review of the ESG (environmental, social and governance) projects and initiatives undertaken by the Group in the first half of the year.
The document also details the progress achieved at the level of the sustainability commitments made by the Group, beginning with the United Nations Sustainable Development Goals (SDGs). Intesa Sanpaolo publishes its half-yearly report on a voluntary basis - among the few financial institutions to do so at the international level - in order to provide all its stakeholders and the market with a prompt account of the results achieved during the year.
Among the results attained in the first half of 2020, which was characterised by the crisis relating to the spread of the Covid-19 pandemic, attention should be drawn to:
- approximately 40 billion euro of new medium/long-term loans - up from 26 billion euro in the first half of 2019 - of which over 18 billion euro of high social impact loans (46% of the total), approximately 16.5 billion euro of which in support of the production system during the health emergency;
- over 25% total share of the sustainable investments market in Italy and net funding during the half-year of more than 2 billion euro;
- a monetary contribution to the community of over 135 million euro, up sharply from 29 million euro in the first half of 2019, including, among the most significant initiatives, 100 million euro donated to support Italy’s National Health Service;
- -16.5% reduction in CO2 emissions due to the continuation of the planned energy efficiency initiatives and lesser use of facilities;
- approximately 60,000 Group employees participating in smart working arrangements to ensure safe working conditions and 6 million hours of training provided.
The Group’s performance during the health crisis was rewarded by an improvement in customer satisfaction indicators.
The Consolidated Non-Financial Statement as at 30 June 2020 is available in the Sustainability section of the Intesa Sanpaolo Group’s website.
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About Intesa Sanpaolo
Intesa Sanpaolo is one of the most solid and profitable banks in Europe, providing wealth management, consumer banking, corporate and investment banking, asset management and insurance. As the market leader in Italy, Intesa Sanpaolo serves nearly 12 million customers through digital and traditional channels. The Group’s international subsidiary banks provide for an additional 7.2 million customers in Central Eastern Europe, the Middle East and North Africa. Intesa Sanpaolo is recognized as one of the most sustainable banks in the world.
The Group believes that value creation should be interpreted broadly, supporting social purpose and driving the real economy. As part of its commitment to sustainable growth, Intesa Sanpaolo has created a €5 billion financing facility dedicated to the circular economy. The Group’s large-scale project for economic inclusion and poverty alleviation includes a Fund for Impact to provide €1.2 billion in loans to those parts of society that find access to credit difficult. Intesa Sanpaolo is deeply committed to cultural initiatives that it promotes on its own and together with partners in Italy and abroad, including permanent and temporary exhibits of the vast artistic patrimony at the Gallerie d’Italia, the Group’s three museums located in Milan, Naples and Vicenza.
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Last updated 29 September 2020 at 17:43