Net zero emissions by 2050, Net Zero Banking Alliance and first TCFD Report
Intesa Sanpaolo has approved its commitment to a net zero emissions target by 2050, including loan and investment portfolios. At the same time, the bank joined the Net-Zero Banking Alliance (NZBA) to consolidate the achievement of the targets set by the Paris Climate Agreement. It also published its first TCFD (Task Force on Climate-related Financial Disclosures) Report at Group level covering 2020-2021.
The Net Zero Banking Alliance is a banking alliance with over 82 members in 36 countries and $ 60 trillion in total assets, promoted by UNEP-FI (United Nations Environment Program Finance Initiative) the United Nations Environment Program dedicated to financial institutions.
Joining the Alliance represents a further important step for the bank in combating climate change, as part of a multi-year and articulated sustainability strategy which, in addition to reducing its own emissions, is based on supporting businesses, with around 80 billion euros made available during the NRRP (National Recovery and Resilience Plan) for financing the Green and Circular Economy and the ecological transition.
October, 20 2021
Last updated 20 October 2021 at 00:23:00