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 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 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 and collaboration with several international organisations to encourage dialogue between companies, international organizations and civil society for the development and application of sustainability guidelines
- the ongoing training of 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. The 2022 targets are supported by targeted actions.
This section summarizes the main emissions of greenhouse gases produced by Intesa Sanpaolo, processing factors used for their calculation. Also reported are: annual monitoring of Environmental Plan reduction actions and reporting questionnaires to CDP Worldwide ("CDP"), a non-profit organisation that monitors companies' energy policies and performance and their ability to manage related economic opportunities and climate risks.
The Carbon Footprint, that is the analysis and accounting of greenhouse gas emissions caused by an organisation, is now an important indicator at global level. By calculating its Carbon Footprint, an organisation is able to launch activities to reduce its emissions as well as to be transparent with its stakeholders in relation to its environmental impact.
Intesa Sanpaolo Group CO2 emissions are divided, according to the classification proposed by the international standard GHG Protocol, into Scope1, Scope2 e Scope3. The division in scope reflects the degree of control that the organisation has on its own emissions.
In 2020, an anomalous year from the point of view of consumption in consideration of the COVID-19 emergency which affected both energy and resource consumption, the Intesa Sanpaolo Group's commitment to reduce its environmental footprint not only materialized in the offer of sustainable investments and in financing in favor of the Green and Circular Economy but also in the actions to improve efficiency and reduce the Group's environmental impact which led to a reduction in CO2 emissions of over 13% for Scope1 + Scope2 Market-based.
Summary table of direct and indirect emissions of greenhouse gases - tCO2
2018 | 2019 | 2020 | 2020 | |
Group | Group |
Gruppo | ISP+UBI* | |
Scope1 | 57,165.42 | 45,398.34 |
36,925.04 | 41,852.48 |
Scope2 | 43,460,90 | 33,708.67 |
31,799.96 | 32,597.07 |
Scope3 - Upstream | ||||
Paper | 5,861.26 | 4,584.03 |
3,407.66 | 3,987,18 |
Office machine | 8,748.14 | 5,801.96 |
22,843.46 | 28,368.55 |
Energy carriers | 52,221.87 | 26,128.07 |
22,901.90 | 24,671.96 |
Cash-in-transit | 11,383.15 | 10,941.57 |
9,518.38 | 10,451.19 |
Waste | 272.40 | 278.56 |
223.59 | 233.42 |
Business Travel | 10,871.13 | 9,528.42 |
3,041.80 | 3,553.52 |
Employee Commuting (Italia) | 49,008.63 | 49,344.88 |
33,975.43 | |
Scope3 - Downstream |
||||
Internet Banking | 175.98 | 216.60 | 205.81 | 214.43 |
The mitigation and the reduction of CO2 emissions play an important role in the policies of the Group, which, with the Climate Change Action Plan, has identified specific actions in the medium term aimed at reducing its environmental footprint and, as a result, of its own emissions. This is in view of the continuous improvement of its environmental performance that has already seen significant reductions in electricity and thermal consumption, and the consequent emissions, for a decade now (-59.7% Scope1 - Scope2 Market-based emissions compared to the 2008). In the energy consumption, thanks to the use of electricity produced from renewable sources, in 2020 over 160,000 tons of CO2 were avoided in total.
Intesa Sanpaolo group – GHG emissions
Group - Co2eq emissions from Scope 1 (Direct) and Scope 2 (Indirect Market Based)
Results compared to the 2008 reference year
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. The monitoring shows a trend in the reduction of CO2 emissions in 2020 influenced by the effects on energy and resource consumption due to the COVID-19 emergency
Scope Base | year |
% of emissions in scope |
Base year emissions covered by target (tCO2eq) |
Target year |
% reduction from base year (*) |
2020 result with unchanged emission factors |
Scope 1+2 (Market based)** |
2012 | 100% | 113,533 | 2022 | -37% | -43% |
Scope 1+2 (Market based)** |
2012 | 100% |
113,533 | 2037 | -43% | -43% |
Scope 3 |
2012 | 100% |
16,608 | 2022 | -26% | -48% |
Scope 1+2 (Location based)** |
2012 | 89% (Natural gas for independent heating, Electricity) |
249,171 | 2022 | - 28% | -29% |
Scope 1+2 (Location based)** |
2012 |
89% (Natural gas for independent heating, Electricity) |
249,171 | 2037 | -41% | -29% |
Scope 1+2 (Market based)** |
2012 |
73% (Natural gas for independent heating, Electricity) |
82,675 | 2022 | -42% | -43% |
Scope 1+2 (Market based)** |
2012 |
73% (Natural gas for independent heating, Electricity) |
82,675 | 2037 | -50% | -43% |
Scope 3 Business Travel |
2012 | 67% (Train, flights) |
9,920 | 2022 | -34% | -88% |
Scope 1 |
2012 | 21% (Fleet) |
12,431 | 2022 | -27% | -51% |
*/** See the details note
Renawable sources |
Base year |
Renewable electricity base year (100%) |
Target year |
Target renewable electricity % |
Result 2020 % renewable electricity |
Renewable electricity consumption |
2012 | 76.1% | 2022 | 81.3% | 84.3% |
Production of renewable energy (photovoltaic power) |
2012 | 0.07% |
2022 | 0.30% | 0.28% |
Purchasing of electricity from renewable sources | 2012 | 77.7% |
2022 | 89.0% | 85.1% |
Climate Change Action Plan: Scope1 + Scope2 objectives (Market-based)
Market-based: for the electricity purchased the data considers the contribution, contractually expected, of the Certificates of Origin from renewable sources and therefore with zero emissions.
Reporting
The emissions reporting is essential for constant monitoring and the definition of a plan to reduce them.
In addition, since 2007 every year Intesa Sanpaolo also responds to the questionnaire circulated by the CDP, an independent non-profit organization that holds and manages the largest database of climate change information worldwide. The analysis is based on data and information provided by the companies, evaluated on 4 levels on a scale from A to D-. In 2020 Intesa Sanpaolo was included in the leadership band, obtaining the A- score.
CDP QUESTIONNAIRE ARCHIVE |
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CDP questionnaire 2021 |
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CDP questionnaire 2020 |
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CDP questionnaire 2019 |
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CDP questionnaire 2018 | |
CDP questionnaire 2017 | |
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 |
Last updated 19 October 2021 at 10:43:31