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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) and hydrofluorocarbons (HFC).

The Intesa Sanpaolo Group for years has been pursuing a progressive systematic reduction of its emissions and its ecological footprint through the adoption of various initiatives:

  • Purchase of electricity from renewable sources with the optimisation of the energy efficiency of the consumption and the responsible management of resources to reduce the impact on the environment
  • Development of mobility management initiatives that reduce emissions due to commuting
  • Promotion of products and services aimed at the protection of the environment
  • Evaluation of the environmental risks associated with business customer lending
  • Participation in important international initiatives and collaboration with several international organisations to encourage dialogue between companies, international organizations for the development of sustainability guidelines
  • The ongoing traininof our employees.

In 2017, a multi-annual Environmental Sustainability Plan – Climate Change Action Plan – was prepared with targets for 2022 and 2037. In the Plan, the Intesa Sanpaolo Group declines CO2 emission reduction targets, linked to its activities, taking 2012 as the reference year. 

As a demonstration of the strategic importance of climate change, in 2021 Intesa Sanpaolo has set itself the goal of achieving net zero emissions by 2050 with reference to both its own emissions and those relating to loan and investment portfolios, for asset management and insurance business, joining the initiatives launched by UNEP FI, ​​in particular the Net-Zero Banking Alliance (NZBA), the Net Zero Asset Managers Initiative (NZAMI), through Eurizon Capital SGR, Fideuram Asset Management SGR and Fideuram Asset Management Ireland, the Net-Zero Asset Owner Alliance (NZAOA) and the Net-Zero Insurance Alliance (NZIA) through Intesa Sanpaolo Vita.

The Bank's commitment to contain CO2 emissions is reflected in the implementation of the new Own Emissions Plan which identifies specific medium-long term actions aimed at reducing its consumption of natural gas, diesel and traditional electricity.

This section summarizes the emissions of the main greenhouse gases produced by Intesa Sanpaolo and the transformation factors used to calculate them. The following are also reported: the annual monitoring of the reduction actions of the environmental Plans and the CDP questionnaires, a non-profit organization that monitors the energy policies and performance of companies and their ability to manage the related economic opportunities and climate risks.

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

  Intesa Sanpaolo Group  
  2021 2022 2023
 

Group

Group

Group

Scope1

49,630

59,030

50,475

Scope2

30,901

16,838

18,591

Scope3 (1)    

 

Paper [Cat. 1]

3,915

2,898

3,733

Office Machine [Cat. 2] (2)

16,066

11,508

5,092

Energy vectors [Cat. 3] (3)

23,448

19,752

28,542

Money transport [Cat. 4]

11,688

11,431

12,481

Waste [Cat. 5]

279

352

325

Business Travel [Cat. 6]

3,032

4,591

5,495

Employee Commuting (Italy) [Cat. 7]

54,275

57,008

58,018

Internet banking [Cat. 11]

n.d.

213

224

Leasing to third parties (Italy) [Cat. 13]

n.d.

n.d.

3,334

Financing  [Cat. 15] Link section Climate Change  

1 Total data reconstituted following changes in the reported categories.
2 Scope3 emissions referring to the production of purchased office machines.
3 Scope3 emissions generated: (a) in the natural gas supply chain, (b) in the production of energy sources used in the electricity mix and (c) in the distribution and transformation of the electricity itself.

Own Emissions Plan

The 2030 targets of the Own Emissions Plan

Scope Base
year

% of emissions
considered compared
to the total Scope

Base year
emissions
(tCO2eq)

Target
year
Reduction
target
vs
base year
2023
Result
Scope 1+2
(Market based)
2019 100% 96,192 2030 -53% -28%
Scope 3
Paper
2019 100% 6,025 2030 -40% -38%
Renewable sources Base
year

Renewable electricity
purchased 
base year (%)

Target
year
Target renewable
electricity (%)
2023 Result
Renewable electricity purchased 2019 87.7% 2030 100% 88.2%

Reporting

The emissions reporting is essential for constant monitoring and the definition of a plan to reduce them.

Furthermore, since 2007 we have responded promptly to the climate change questionnaire of the CDP, a non-profit organization that annually carries out an assessment aimed at evaluating the approach to climate change mitigation. The analysis is based on data and information provided by companies, evaluated on 4 levels on a scale from A to D-. In 2023 Intesa Sanpaolo was confirmed in the leadership level, obtaining the A- score.

CDP CLIMATE CHANGE QUESTIONNAIRES ARCHIVE
CDP questionnaire 2023 [Note 1]
CDP questionnaire 2022
CDP questionnaire 2021
CDP questionnaire 2020
CDP questionnaire 2019
CDP questionnaire 2018  
CDP questionnaire 2017  

CDP questionnaire 2016

CDP questionnaire 2015  
CDP questionnaire 2014  
CDP questionnaire 2013
CDP questionnaire 2012  
CDP questionnaire 2011  
CDP questionnaire 2010  
CDP questionnaire 2009
CDP questionnaire 2008
CDP questionnaire 2007  
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