Commitment to environment and climate

Carbon neutrality of own emissions by 2030¹

Net Zero by 2050 with regard to both its own emissions and those relating to the loan and investment portfolios, asset management and the insurance business - with participation in the Net-Zero Banking Alliance (NZBA), the Net-Zero Asset Managers Initiative (NZAMI), the Net-Zero Asset Owner Alliance (NZAOA) and the Net-Zero Insurance Alliance (NZIA)

Scope1 + 2 Market-based^2: 75,869 tCO₂ eq -5.8% vs 2021

This result was achieved through continuous improvement in terms of energy efficiency, the purchase of more electricity from renewable sources by international subsidiaries and, in part, also through the commercial reorganisation that took place during the year; the downtrend in electricity consumption was also confirmed, coming in at -6% compared to the previous year. Also considering the extension of the reporting scope (with the entry of the UBI Banca Group), a 42% reduction in total emissions linked to energy consumption (direct and indirect with 2012 baseline) was achieved, amply exceeding the target set in the 2012-2022 Climate Change Action Plan (against a target of 36% for 2022)

100% renewable energy at Group level in 2030 (level already reached in Italy in 2021)

Maintenance of electricity production levels from photovoltaic energy

Renewable electricity purchased versus total purchases: ~91% (~88% in 2021)

Electricity produced from renewable sources: 1,344 MWh

Paper purchased: 4,327 t, -24% vs 2021

Environmentally-friendly paper purchased (including recycled paper) vs total: 89.1% (79.7% in 2021)

ISO 14001 and 50001 certified scope: 100% of Intesa Sanpaolo sites in Italy and CIB Bank in Hungary

Commitment to restoring and increasing natural capital with over 100 million trees planted, directly and with loans dedicated to corporate customers

Adoption of a specific policy on biodiversity

New lending to support the ecological transition: 76 billion euro's worth of loans in line with the National Recovery and Resilience Plan (2021- 2026)

Customer support through the ESG/climate transition

8 billion euro dedicated to the circular economy

Continuous expansion of the range of S-loan products dedicated to SMEs to finance projects aimed at improving their sustainability profile 

~32 billion euro of new lending to support the ecological transition in 2021-2022

Funding for the green and circular economy: 6.3 billion euro, of which 2.6 billion euro Green Mortgages

Circular economy credit plafond: 3.1 billion euro disbursed 

 3.5 billion euro granted since launch, of which 2.2 billion euro in 2022