Climate Change
Intesa Sanpaolo's commitment to combat climate change.
Environment and climate change
Intesa Sanpaolo has set itself the objective of reducing CO2 emissions related to its business and is committed to supporting the transition to a low-emission economy also by supporting green initiatives and projects in favor of its customers, with dedicated financing and development of a credit Plafond dedicated to the Circular Economy. As confirmation of its commitment, as of October 2021, Intesa Sanpaolo has joined all the Net Zero Alliance initiatives promoted by the United Nations, with the desire to align itself with the Net Zero goal by 2030 for own emissions and by 2050 for loan and investment portfolios and for asset management and insurance.
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Commitment to environment: targets and results
| 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 | 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 (- 33% vs 2012) |
| 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 |
We consider as a responsibility of the Bank the implementation of specific action plans and of projects and procedures to understand and manage in a rigorous and constructive way both business activities and social and environmental risks and mitigation actions.
Environmental protection and attention to climate change are a key dimension of our commitment to responsibility, reiterated and clarified in the Group's Code of Ethics, in the Rules for the environmental and energy policy, in the Guidelines for the governance of environmental social and governance risks regarding lending operations 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.
The commitments declared refer to both direct and indirect impacts, with the aim of assessing risks and opportunities related to the environmental issues, reducing our ecological footprint and that of our customers and suppliers.
Intesa Sanpaolo undertakes to observe the principles of sustainable development and has adhered to important international initiatives aimed at promoting dialogue among companies, international organisations and society in general so to pursue the respect for the environment.
Green economy and Circular Economy
A wide and various offer of financing and consulting products, attentive to the protection of the environment around us.
Direct environmental impacts
Actions aimed at the mitigation of direct emissions and the support to green initiatives and projects.
International working groups
International initiatives and working groups aimed at promoting dialogue on the environmental sustainability and climate change issues.
| Documents | |
| Climate Change Action Plan |
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| Consolidated Non-financial Statement 2021: |
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| Transition to a sustainable, green and circular economy | |
| Climate Change | |
| Environment indicators - pdf |
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| Environment indicators - excel |
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| Consolidated Non-financial Statement as at 30 June 2021: |
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| Environmental and Climate Change indicators |
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| Consolidated Non-financial Statement 2020: |
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| Environmental and Climate Change | |
| Environment indicators - pdf |
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| Environment indicators - excel |
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| Consolidated Non-financial Statement as at 30 June 2020: |
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| Environmental and Climate Change indicators |
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| Green Bond Report 2021 | |
| Bond issued in March 2021: |
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| Green, Social and Sustainability Bond Framework |
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| Second Party Opinion |
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| Bond Investor Presentation |
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| Press release |
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| Bond issued in November 2019: | |
| Green Bond focused on Circular Economy Report - 2020 | |
| Press Release | |
| Intesa Sanpaolo Sustainability Bond Framework |
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| Second Party Opinion by ISS ESG |
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| Investor's presentation | |
| Bond issued in June 2017: |
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| Green Bond Report 2020 | |
| Green Bond Report 2019 |
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| Green Bond Report 2018 |
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| Green Bond Framework |
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| Green Bond Presentation | |
| Green Bond Press Release |
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Last updated 3 June 2022 at 12:21:11
