INTESA SANPAOLO PUBLISHES VOLUNTARY 2024 SUSTAINABILITY REPORTS

The main results include:

·       € 20.4 billion of social lending disbursed in 2022-2024

·       € 9 billion of green mortgages disbursed in 2022-2024

·       16% overall reduction, compared to 2023, of absolute financed emissions in the sectors covered by decarbonisation targets

·       54.1 million interventions related to the Food and shelter programme for the people in need from 2022, exceeding the Business Plan target of 50 million interventions

Turin, Milan, 22 April 2025 - Intesa Sanpaolo has published an integrated and articulated set of voluntary sustainability reports disclosing the ESG performance and results achieved in 2024 by the Group led by Carlo Messina, in particular in the climate and social areas:

o   SDGs Report reports on the Group's contribution to the UN Sustainable Development Goals, from this year a stand-alone document focusing on targets, actions, initiatives and results that contribute to the SDGs;

o   Climate Report dedicated to the disclosure of climate-related information;

o   Responsible Banking Progress Statement presents the progress achieved in respect of the UNEP FI Principles for Responsible Banking, the United Nations Environment Programme dedicated to the financial sector.

These voluntary documents are in addition to the Consolidated Sustainability Statement included in a dedicated section of the Report on Operations of the Consolidated Financial Statement, as required by the legislation that implemented the EU Corporate Sustainability Reporting Directive - CSRD - in Italy.

The wealth of information available demonstrates Intesa Sanpaolo's ability to be among the most solid and profitable European banks capable of generating benefits for all stakeholders.

The main achievements of the sustainability commitment as at 31 December 2024, compared to the targets defined in the ESG pillar of the 2022-2025 Business Plan, include:

·       € 20.4 billion in social lending (including urban regeneration) disbursed in the period 2022-2024, compared to a target of € 25 billion over the entire period of the Plan;

·       € 9 billion of green mortgages disbursed in the period 2022-2024, compared to a target of € 12 billion over the entire period of the 2022-2025 Business Plan;

·       € 12.6 billion of loans disbursed over the period 2022-2024 in relation to the € 8 billion plafond dedicated to the Circular Economy;

·       decarbonisation targets set for the Residential Real Estate, Agriculture-Primary Farming, Cement and Aluminium sectors, completing the definition of the 2030 targets in the highest emitting sectors set by the Net Zero Banking Alliance, which add to those already published in previous years (Oil & Gas, Power Generation, Automotive, Coal Mining, Iron and Steel, Commercial Real Estate);

·       an overall reduction of 16%, compared to 2023, in absolute financed emissions in the sectors covered by target setting;

·       92.8% energy purchased from renewable sources at Group level in 2024;

·       Rules on biodiversity and nature published;

·       further strengthening of the offer of sustainability-conscious investment products, with 76% penetration of Eurizon asset management products (Articles 8 and 9 of the Sustainable Finance Disclosure Regulation - SFDR), out of total Assets under Management;

·       646 innovation projects launched in the period 2022-2024, compared to a target of 800 over the period of the Business Plan;

·       54.1 million interventions from 2022 related to the Food and shelter programme for the people in need, exceeding the Business Plan target of 50 million interventions;

·       754,000 visitors to the Gallerie d'Italia during 2024, of which 131,000 kids and teenagers;

·       6,900 Group’s people involved in the upskilling/reskilling plan, over the period 2022-2024, aimed at improving skills and professional retraining;

·       975 Group people enrolled in Leader of the Future talent management programmes in the period 2022-2024;

·       40.7 million hours of training delivered in the period 2022-2024.

In April last year, a new governance area, called “Chief Sustainability Officer Area”, assigned to Paola Angeletti, was established to guide and strengthen sustainability strategies as a factor for competitiveness and growth.

Intesa Sanpaolo continues to be a reference model at European level for sustainability, as demonstrated by its positioning in the main international indexes and rankings: it is the only Italian bank included in the Dow Jones Best-in-Class Indices and the first bank in Europe and second in the world in Corporate Knights' 2025 'Global 100 Most Sustainable Corporations in the World' index.

For more information on Intesa Sanpaolo's sustainability reporting: https://group.intesasanpaolo.com/en/sustainability/sustainability-reporting

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Intesa Sanpaolo

Intesa Sanpaolo, with €422 billion in loans and €1.4 trillion in customer financial assets at the end of December 2024, is the largest banking group in Italy, with a significant international presence. It is a European leader in wealth management, with a strong focus on digital and fintech. The Group will provide €115 billion of Impact lending by 2025 to support communities and the green transition, together with a €1.5 billion program (2023-2027) to help people in need. The Bank's network of museums, the Gallerie d'Italia, hosts its owned artistic heritage and cultural projects of recognized value.  

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