In 2022 Intesa Sanpaolo took part in UNEP FI’s final TCFD and Climate Risk Programme. The project was launched in spring 2022 and
In 2022 Intesa Sanpaolo took part in the UNEP FI's Climate Risk and TCFD Program. The project, launched in spring 2022, offers participating financial institutions the opportunity to dialogue and network in order to address climate risks in the most effective way as well as the chance to share best practices in terms of managing the pillars of the TCFD recommendations. Climatic stress testing and climatic scenario analysis are two of the main themes addressed by the working group.
As part of its membership of the Net-Zero Banking Alliance (NZBA), Intesa Sanpaolo took part in the "Financing & Engagement and Data & Methodologies" working groups in 2022, organized by UNEP FI and dedicated to the banks that are part of the Alliance, aimed at facilitating the implementation of the activities necessary to achieve the Net-Zero target. In 2022 the activity of the working groups led to the publication of the in-depth study "Supporting Notes for the Guidelines for Climate Target Setting for Banks" and of the "NZBA Transition Finance" Guide.
In 2023, the participation in the "Implementation Worktrack" of NZBA, born from the unification of the "Data & Methodologies" and "Finance & Engagement" working groups, continues.
Furthermore, during COP27, the Alliance published the first Progress Report illustrating the 2030 decarbonisation targets of the over 60 participating banks, including Intesa Sanpaolo, in the priority sectors identified by the NZBA. In 2022, the Alliance also established five working groups for sectors: Commercial and Residential Real Estate; Oil&Gas; Iron and steel; Power Generation and Automotive & Trucking. Intesa Sanpaolo, through the specialists of the IMI CIB Division, intends to contribute to specific activities for the Oil&Gas and Power Generation sectors. For the Power Generation sectors, in 2023, Intesa Sanpaolo sent the feedback to the paper of the Power Generation Working Group.
Also in the Net Zero area, since February 2022, the Group has participated in the Financial Institution Transition Plans Workstream organized by the Glasgow Financial Alliance for Net-Zero (GFANZ), which brings together the main net zero alliances, to support the development and effective implementation, by financial institutions, of ambitious and credible net zero emissions transition plans. In June, Intesa Sanpaolo was mentioned among the best practices in the Report Financial Institution Net-Zero Transition Plans.
In 2023 it joined the new GFANZ Working Group "Mainstream Transition Finance workstream".
Participation in the 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 engagements). Intesa Sanpaolo Vita participates as Lead in the "Life&Health" working group of the Net-Zero Insurance Alliance.