International initiatives and working groups
The relevance of environmental protection and attention to climate change are demonstrated by the Group's adhesion to important international initiatives aimed at promoting dialogue between companies, international organisations and civil society, as well as participation in international working groups on environmental sustainability and climate change issues.
Intesa Sanpaolo participates in various initiatives and partnerships, demonstrating the Group's commitment to pursuing the financial sector's collective effort to achieve Net-Zero and environmental objectives. Initiatives are referred to a wide range of sectors and themes, including: on climate-related issues, UNEP FI, NZBA, European Clean Hydrogen Alliance, Climate Investment Platform, Principle for Responsible Investment, CDP and Renewable and Low-Carbon Fuels Value Chain Industrial Alliance. As part of UNEP FI's activities, Intesa Sanpaolo participates in the NZBA Implementation Work Track and in UNEP FI's Climate Risk and TCFD Programme.
Intesa Sanpaolo also participates in the BAFT (Bankers Association for Finance and Trade) working group on sustainability aimed at supporting the development of standards for sustainable transactions in the banking sector and the definition of principles on the concrete application of the 'Net Zero' objectives to the transaction banking. Since 2023 Intesa Sanpaolo has been one of the coordinating banks.
Participation in the Net Zero working groups also involves the wealth management divisions as part of the commitments undertaken by joining the respective Net Zero alliances.
Eurizon and Fideuram contribute, among others, to the activities of the IIGCC Net Zero Engagement Initiative (collective Engagement) and the Principles for Responsible Investment initiative. Intesa Sanpaolo Vita played a co-leader role in the NZAOA “Emission Attribution” working group, as well as having participated in the ASCOR (Assessing Sovereign Climate-related Opportunities and Risks) working group on sovereign debt.
The commitment continued in 2023 with the membership of Eurizon Capital SGR, Fideuram Asset Management SGR and Fideuram Asset Management Ireland in the Net-Zero Engagement Initiative (NZIE) and in the Climate Action 100+ and Nature Action 100 initiatives, which focus on engagement activities aimed at mitigating climate change, conserving natural capital and biodiversity. Eurizon also participates in PRI Advance, a collective engagement initiative for the promotion of respect for human rights, in particular towards companies operating in geographical regions most at risk.
Last updated 23 June 2023 at 12:58:00
