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Commitment to environment and climate

Main objectives and results

Net Zero objective - net emissions 0

own by 2030, in terms of loan and investment portfolios, asset management and insurance by 2050

88% renawable elecricity purchased

versus total purchases. In line with 2021 objective

3.200 t paper saved

Objective: responsiblie use of resources

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 for lending operations in the unconventional 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

Objectives and results: 2018-2021 Business Plan
2018-2021 Business Plan targets
Description Achievement (data as at 31/12/2021, where not specified)
Transition to a sustainable, green and circular economy

Support the transition with dedicated financial instruments

Creation of a Plafond of 6 billion euro for credit to companies for circular economy projects

Sustainability Linked Loans (S-Loan) development with a reward mechanism for companies based on ESG KPIs

About €8.7bn loans disbursed for the Green and Circular Economy (11.2% of total loans, 2.9% in 2020)  

€5.5bn disbursed since the launch of the Plafond in 2019 

€1.3bn S-Loans disbursed since the launch in July 2020

Containment of CO2 emissions
(1)
Improvement of energy efficiency and use of renewable energies for the containment of emissions 

88% electricity from renewable sources on the total electricity purchased

-9.1%  electricity consumption vs 2020

-3.7% CO2 emissions vs 2020 (- 40% vs 2012 including UBI)

Responsible management of resources Responsible use of resources

Purchased paper: -11.7% vs 2020

ISO 14001 and 50001 certified scope: 100% of Intesa Sanpaolo branches and buildings in Italy

New Headquarters: Green Building Council LEED certification - Platinum level - in the sustainable building management category

(1) The 2020 figures were redetermined to include the UBI Banca Group for the entire year.

2022-2025 Business Plan: objectives
  • Net-Zero emissions in 2050 for loan and investment portfolios and Asset management and Insurance
  • Net-Zero aligned targets for 2030 in the following high-emitting sectors(1) (2030 target(2) against the 2019 baseline(3)):
    • Oil & Gas(4) (Scope 1,2,3): reduction from 64 to 52-58 gCO2e/MJ
    • Power generation (Scope 1,2): reduction from 214 to 110 kgCO2e/MWh
    • Automotive (Scope 3): reduction from 162 to 95 gCO2e/vkm
    • Coal mining (exclusion policy): exposure reduction from 0.2 billion euro to zero by 2025
  • Net-Zero own emissions target already in 2030 with 100% purchased renewable energy at Group level in 2030
  • Commitment to planting 100 million trees, directly and through dedicated financing to clients
  • Adoption of a specific policy on biodiversity

(1) Sectors consistent with Net-Zero Banking Alliance. Reference scenario: IEA Net-Zero 2050. 
(2) Targets may be updated over time following the evolution of the emission calculation methodology, the regular updates required by NZBA, SBTi and any issuance of new external guidelines. 
(3) Portfolio composition as of 30.6.21, latest available emissions data as of FY19. 
(4) The Group already has a policy in place to phase out unconventional oil&gas by 2030.

Latest news

Insights into environmental challenges

ESG Transition

A wide and various offer of financing and consulting products, attentive to the protection of the environment around us.

Documents and indicators

Documents relating to environmental reporting and information relevant to the investors are available below.

Documents
Bond issued in August 2022:  
Green, Social and Sustainability Bond Framework - June 2022
Second Party Opinion ISS - June 2022
Investor presentation 
Press note
   
Climate Change Action Plan 
Consolidated Non-financial Statement 2021:
 
Transition to a sustainable, green and circular economy
Climate Change
Environment indicators - pdf
Environment indicators - excel
Consolidated Non-financial Statement as at 30 June 2021:
 
Environmental and Climate Change indicators
Consolidated Non-financial Statement 2020:
 
Environmental and Climate Change 
Environment indicators - pdf
Environment indicators - excel
Consolidated Non-financial Statement as at 30 June 2020:
 
Environmental and Climate Change indicators
 
Green Bond Report 2021
 
Bond issued in March 2021:
 
Green, Social and Sustainability Bond Framework 
Second Party Opinion
Bond Investor Presentation
Press release
   
Bond issued in November 2019:  
Green Bond focused on Circular Economy Report - 2020
Press Release
Intesa Sanpaolo Sustainability Bond Framework
Second Party Opinion by ISS ESG 
Investor presentation
 
Bond issued in June 2017:
 
Green Bond Report 2020
Green Bond Report 2019
Green Bond Report 2018
Green Bond Framework
Green Bond Presentation
Green Bond Press Release
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