Commitment to environment and climate

Act today for the climate
to achieve the goals of today and tomorrow

Intesa Sanpaolo has chosen to pursue the "Net Zero" goal by 2050 - for its own emissions, for loans and investments portfolios, asset management and insurance business - through the adhesion in 2021 to the main Net-Zero initiatives promoted by UNEP FI.

In the 2022-2025 Business Plan, the commitment was confirmed through the publication of the carbon neutrality target for own emissions already in 2030 l, targets aligned with net zero by 2030 in the following sectors (Oil&Gas, Power Generation, Automotive, Coal mining) and by protecting and regenerating natural capital.

In 2024, Intesa Sanpaolo has completed the publication of its 2030 decarbonisation targets in the highest emitting sectors, defined by NZBA and it has obtained the validation of these targets by SBTi, in Janunary 2025.

Intesa Sanpaolo has always been committed to promoting environmental sustainability by integrating this objective into its strategy with an important commitment to support the green transition which aims at supporting businesses and the circular economy as well as reducing its emissions.

The ecological transition is an innovation process that promotes the transition from an economic, social and environmental model that is dissipative and extraneous to the environmental context in which it is inserted, to a system of regenerative production and consumption that has economic, social and environmental sustainability as its goal.

The path towards ecological transition and Net Zero commitments are fundamental to guaranteeing a future for present and next generations. It is necessary to set concrete objectives to overcome the difficult challenge of climate change.

Main objectives and results

-16% absolute financed emissions

vs 2023 in high emissions sector defined by NZBA

-35% Scope 1 and 2 emissions

compared to 2019

92.8% of Group electricity

purchases coming from renewable sources

Data referred to 2022-2025 Business Plan and, where not otherwise stated, are data as at 31.12.2024

Environmental protection and attention to climate change are key dimensions of the Intesa Sanpaolo Group's responsibility and the importance of this commitment is first of all reaffirmed in the group's values and in the codes and rules that guide its way of operating.

Clear examples of this are the Code of Ethics, the Rules for the environmental and energy policy, the Guidelines for the governance of environmental social and governance risks (ESG) and, in order to support the transition to a low-carbon economy, also the Rules for the coal sector and the Rules on Oil&Gas sector.

Thanks to these foundations, the Bank is able to set up action plans and processes that allow it to manage its activities, environmental risks and related mitigation actions in an integrated and constructive way.

Environment and climate change: discover all the objectives and the results

2022-2025 Business Plan: 2024 results

ESG Initiatives	Business Plan Targets for 2022-2025	2024 main results/cumulative value since 2022
Accelerating towards net-zero emissions	Net-Zero emissions in 2050 for loan and investment portfolios and asset management and insurance Carbon neutrality for own emissions in 2030(2) with 100% of energy acquired from renewable sources at Group level in 2030 Commitment to securing the validation of its emissions reduction targets from the Science Based Target initiative (SBTi)	Financed emissions reduction: in 2024, additional intermediate targets to 2030 set for Iron and Steel, Commercial Real Estate, Residential Real Estate, Cement, Aluminium, Agribusiness- Primary farming Own emissions reduction (2024): -35% Scope 1 and 2 emissions compared to 2019; 92.8% of Group electricity purchases coming from renewable sources Intesa Sanpaolo obtained the validation of its emission reduction targets from the Science Based Target initiative (SBTi) in January 2025, following the submission of documentation in March 2024
Protecting and restoring natural capital	Adoption of a specific policy on biodiversity	Development of a Policy on Biodiversity and Nature Think Forestry project: up to 2024 nine interventions were carried out across various areas in Italy
	Responsible management of resources	Paper purchased (2024): 3,696 t (-9.7% vs 2023) Waste (2024): 3,349 t (-11.4% vs 2023) ISO 14001 and 50001 certified scope: 100% of Intesa Sanpaolo sites

^(*) -53% vs 2019 attraverso specifiche azioni di medio-lungo termine volte alla riduzione dei propri consumi di gas naturale, gasolio ed energia elettrica tradizionale.