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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.

The starting point on a like-for-like basis (including UBI Banca)

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

  Intesa Sanpaolo Group
(including UBI Banca Group)

  2019
2020 2021
  Group Group Group
Scope1 60,391.63 49,950.65 49,629.99
Scope2 35,800.81 37,714.21 30,901.40
Scope3      
Paper 6,024,79 4,712.66 3,915.26
Office Machine n.a. 36,103.68 16,066.48
Waste 316.88 247.56 278.53
Business Travel 12,917.41 4,514.23 3,031.55
Employee Commuting (Italy) n.a. n.a. 54,275.33

The three-year period has been restated to include the overall emissions of the UBI Banca Group in order to allow for a homogeneous comparison.

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
2021
Result
Scope 1+2
(Market based)
2019 100% 96,192 2030 -53% -16%
Scope 3
Paper
2019 100% 6,025 2030 -40% -35%

In addition, the Own Emissions Plan provides for the purchase of 100% of electricity from renewable sources at Group level by 2030 (level already reached in 2021 in branches and buildings based in Italy).

Climate Change Action Plan (results and targets on a like-for-like basis)

In 2017, a Multi-year Environmental Sustainability Plan - Climate Change Action Plan - was prepared with objectives for 2022 and 2037, which followed other Plans launched starting in 2009. In the Plan, the Intesa Sanpaolo Group sets out targets for reducing emissions of CO2, linked to its activities, taking 2012 as the reference year. The CCAP was replaced in 2022 by the Own Emissions Plan, but will be reported throughout 2022, the first medium-term target envisaged by the CCAP itself.

Following the integration of UBI into the Group perimeter, the Climate Change Action Plan was updated in 2020, with the reconstitution of the 2012 baseline and the integration of the initiatives already envisaged by UBI with the consequent update also on the new perimeter of the reduction objectives of the medium and long-term issues envisaged by the initial Plan.

As a demonstration of the commitment of the Intesa Sanpaolo Group, the medium and long-term targets that the Group has set itself within the Climate Change Action Plan and the results obtained are highlighted below, reconstructing the baseline and targets including UBI.

The CCAP targets for 2022 and 2037 (on a like-for-like basis, including UBI Banca in the base and target year)

Scope Base
year
% of emissions
considered compared
to the total scope
Base year emissions
(tCO2eq)
Target 
year
Reduction
target
vs
base year
(*)
2021 result
with unchanged emission factors
Scope 1+2
(Market based)**
2012 100% 128,479 2022 -36% -40%
Scope 1+2
(Market based)**
2012
100%
128,479 2037 -42% -40%
Scope 1+2
(Location based)**
2012  89%
(Gas, Electricity)
305,322 2022 - 30%  -32%
Scope 1+2
(Location based)**
2012
 89%
(Gas, Electricity)
305,322 2037 -43% -32%
Scope 1+2
(Market based)**
2012
 71%
(Gas, Electricity)
 91,791 2022 -40% -39%
Scope 1+2
(Market based)**
2012
 71%
(Gas, Electricity)
91,791 2037 -48% -39%
Scope 1 2012 22%
(Fleet)
 16,051 2022 -30% -44%
Scope 3
Paper
2012 100% 21,069 2022 -30% -50%
Scope 3
Business Travel
2012 57%
(Trains, flights)
10,281 2022 -35% -88%
Renewable sources
Base
year
Renewable electricity
base year (%)
Target 
year
Target
renewable electricity  (%)
2021
result
Consumption of electricity from renewable sources 2012  80.4% 2022 84.0% 87.5%
Production of electricity from renewable sources (photovoltaic) 2012 0.09%
2022 0.31% 0.31%

Purchase of electricity from renewable sources

2012 81.7%
2022 89.0% 87.7%

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 CDP climate change questionnaire. CDP is a non-profit organization which on an annual basis runs an assessment aimed at evaluating the approach to the mitigation of climate change. The analysis is based on data and information provided by the companies, evaluated on 4 levels on a scale from A to D-. In 2021 Intesa Sanpaolo was included in the leadership band, with an A- score.

 

CDP CLIMATE CHANGE QUESTIONNAIRES ARCHIVE
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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