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Greenhouse gas emissions

Emissions into the atmosphere of greenhouse gases resulting from combustion residues are reduced every time technological innovations for the modernisation of plants introduce more energy-efficient systems. 
Some gases, of natural origin or from the chemical industry, are able to trap a portion of solar energy in the atmosphere causing a warming of the air. These gases are commonly called “greenhouse gases”.  Among the most damaging to the environment are the carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), sulphur oxide (SO2) and hydrofluorocarbons (HFC).

Intesa Sanpaolo Group for years has been committed to reducing its emissions through:

  • purchase of electricity from renewable sources
  • implementation of optimisation and energy efficiency measures (reduction of lighting and air conditioning consumption, choice of more energy-efficient office equipment, plant maintenance, waste recycling, use of recycled products, etc.)
  • responsible management of environmental and energy impacts through the Environmental and Energy Management System
  • development of mobility management initiatives that reduce emissions due to commuting and business meetings
  • promotion of environmental products and services
  • evaluation of the environmental risks associated with business customer lending
  • realization of studies and publications on the subject
  • participation in important international initiatives to encourage dialogue between companies, international organizations and civil society and to pursue the respect of the environment. Collaboration with several international organisations for the development and application of sustainability guidelines to the financial sector (including the World Business Council for Sustainable Development and Global Legislator Organisation for a Balanced Environment in the European Parliament)
  • the ongoing traininof our employees.

In 2017, a Pluriennial Environmental Sustainability Plan – Climate Change Action Plan – was prepared with targets for 2022 and 2037. In the new Plan, the Intesa Sanpaolo Group declines CO2 emission reduction targets, linked to its activities, taking 2012 as the reference year. The 2022 targets are supported by targeted actions. In 2018, the first monitoring of the Environmental Plan showed a trend that was broadly in line with the forecasts for CO2 reduction.

This section summarizes the main emissions of greenhouse gases produced by Intesa Sanpaolo, processing factors used for their calculation and reduction activities implemented.

Summary table of direct and indirect emissions of greenhouse gases -tCO2

  2018 2017 2016
  Group Group Group
Scope1 57,165.42 40,749.36 40,225.81
Scope2 43,460.90 38,235.40 35,865.54
Scope3 - Upstream      
Paper 5,861.26 5,659.21 6,879.52
Office machine 8,748.14 19,331.70 9,919.61
Energy carriers 52,221.87 44,793.65  
Cash-in-transit 11.38    
Waste 272.40 169.60 265.24
Business Travel 10,871.13 10,234.98 9,794.20
Employee Commuting (Italia) 49,008.63 45,760.36 54,620.38
Scope3 - Downstream
     
Internet Banking 175.98 236.35 1,009.34

Intesa Sanpaolo group – GHG emissions

Intesa Sanpaolo Group – Historical trend of CO2 emissions by source

2018 avoided emissions: 179.341 tCO2

5.978.030

The equivalent in new trees

116.004

Compensation of CO2 emissions generated by more than 116k houses (3kw)

108.620

Medium sized cars

Long term target

As a demonstration of the Intesa Sanpaolo Group's commitment, the medium and long-term targets set by the Group within the Climate Change Action Plan are shown below.

Scope Base year

% of emissions

in scope

Base year

emissions covered

by target

(tCO2eq)

Target 

year

% reduction

from 

base year

(*)

Scope 1+2 (Location based)** 
2012 
 89%
(Natural gas for independent heating, Electricity)
249,171
2022
28%
Scope 1+2 (Market based)**
2012 
73%
(Natural gas for independent heating, Electricity)
82,675
2022
42%
Scope 1  2012
21%
(Fleet)
12,431
2022
27%
Scope 3Paper
2012 
100%
16,608
2022
26%
Scope 3
Business Travel
2012
67%
(Trains, Air Flights)
9,920
2022
34%

Scope 1+2
(Location based)**

2012

89%
(Natural gas for independent heating, Electricity)   

249,171
2037
41%
Scope 1+2 (Market based)** 2012
73%
(Natural gas for independent heating, Electricity) 
82,675
2037
50%

Scope 1+2
(Market based)**

2012
100%
113,533
2022
37%
Scope 1+2
(Market based)**
2012
100%
 113,533
2037
43%

Climate Change Action Plan: Scope1 + Scope2 objectives (Market-based)

Documents
Climate Change Action Plan 
Consolidated Non-financial Statement as at 30 June 2019: 

 
Environmental and Climate Change indicators
Consolidated Non-financial Statement 2018: 

 
Environmental and Climate Change 
Environment indicators
Green Bond:
 
Green Bond Report 2019
Green Bond Report 2018
Green Bond Framework
Green Bond Presentation
Green Bond Press Release
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