Intesa Sanpaolo has been participating since 2007 in the United Nations Programme for the Environment of the Financial Sector (UNEP FI), an initiative that aims to involve a wide range of financial institutions in a constructive dialogue on economic development, environmental protection and sustainable development.
Intesa Sanpaolo decided to support the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) thus voluntarily committing to the dissemination of a transparent reporting on risks and opportunities related to climate change, to include, within the framework of financial information for stakeholders, the main communications related to climate.
UNEP FI – Principles for Responsible Banking – PRB
Intesa Sanpaolo is one of more than 130 banks in the world and the largest Italian bank, among the signatories of the Principles for Responsible Banking (PRB) of UNEP FI, the partnership United Nations Environment programme and the global financial sector. These principles establish the role and responsibility of the banking sector to facilitate achievement towards the UN Sustainable Development Goals and the 2015 Paris Climate Agreement.
In 2007, the Group adopted the Equator Principles, a set of voluntary international guidelines and benchmarks for the financial sector in order to identifying, assessing and managing the environmental and social risk of projects. The guidelines were developed by a group of international banks based on the criteria of the IFC (International Finance Corporation), a subsidiary of the World Bank.
CDP (formerly the Carbon Disclosure Project) is a non-profit organization that provides companies and countries with a global system of climate change information. Relying on the support of 525 institutional investors representing approximately 96 trillion dollars of funds under management, CDP monitors companies' energy policies and performance and their ability to manage related economic opportunities and climate risks. The Group joins the CDP as a signatory through Eurizon Capital SGR and the Intesa Sanpaolo Pension Fund Group.