Greenhouse gas emissions

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 training of our employees.

As evidence of the strategic importance of climate change, since 2021 the Group has joined 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, and, through Intesa Sanpaolo Assicurazioni, the Net-Zero Asset Owner Alliance (NZAOA). In 2024, Intesa Sanpaolo Assicurazioni also joined the Forum for Insurance Transition to Net-Zero (FIT).

The Intesa Sanpaolo Group in 2022 defined a plan for the reduction of its own Scope 1 and 2 emissions, called the “Own Emissions Plan”, following the Science Based Targets initiative (SBTi) protocol, which requires maintaining global temperature increase below 1.5°C compared to pre-industrial levels, as established by the Paris Agreement.

In this section, the emissions of the main greenhouse gases produced by Intesa Sanpaolo and the conversion factors used for their calculation are summarised. It also reports: the annual monitoring of reduction actions under the environmental plans and the CDP questionnaires, a non-profit organisation that monitors corporate energy policies and performance and their ability to manage related economic opportunities and climate risks.

¹In October 2025, the Net Zero Banking Alliance changed its structure, shifting from a voluntary membership-based alliance to a reference framework aimed at continuing to provide guidelines to support the transition in line with the Paris Agreement.

²On 13 January 2025, NZAMI launched a review of the initiative to ensure its suitability in the new global context, temporarily suspending monitoring and reporting activities of signatories. On 29 October 2025, the review concluded with the relaunch of the initiative and the adoption of an updated framework introducing greater flexibility in target setting, while maintaining commitments to transparency and annual reporting. The Group’s commitments have been reconfirmed following the relaunch of NZAMI.

³The Forum was announced by the United Nations Environment Programme Finance Initiative (UNEP FI) following the announcement of the cessation of the Net Zero Insurance Alliance, which took place on 25 April 2024.