News Archive

Commitment to net zero emissions by 2050, joining the Net Zero Banking Alliance and first TCFD Report published

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

Intesa Sanpaolo in the new MIB ESG index, the first in Italy dedicated to ESG best practices

The Intesa Sanpaolo stock was included in the MIB ESG Index, the first blue-chip index for Italy dedicated to ESG (Environmental, Social, and Governance) best practices, launched on 18 October 2021 by Borsa Italiana.

The index includes issuers exhibiting ESG best practices and combines economic performance measurement with ESG assessments in line with the principles of the United Nations Global Compact. The composition of the index is based on the analysis of ESG criteria by Vigeo Eiris (V.E.), a company of Moody's ESG Solutions, which evaluates the ESG performance of issuers.

October, 18 2021

Consolidated Non-financial Statement as at 30 June 2021 has been published

Intesa Sanpaolo for the third year in a row is one of the very few banks in the world to voluntarily publish an infra-annual non-financial report. 
The document presents a timely monitoring of projects, initiatives and quantitative indicators of non-financial performance in respect of ESG (environmental, social, governance) issues.
The objective is to timely and fully account, to the market and to all stakeholders, the results achieved over the course of the year, also witnessing the constant and active attention of the Group to these issues. 
The document also reports on the progress made towards the sustainability commitments undertaken by the Group including the United Nations Sustainable Development Goals.

September, 29 2021

Intesa Sanpaolo's commitment on the second anniversary of the Principles for Responsible Banking

Intesa Sanpaolo in 2019 was among the first banks to adhere to the UNEP FI Principles for Responsible Banking - PRB (the section of the UN Environment Program dedicated to financial institutions).

Today the PRBs have reached their second anniversary and are well established as the main banking initiative linked to sustainability at a global level, signed by 247 banks in 63 countries (+ 80% since the launch of the initiative), which represent 40% of the banking sector world).

By joining the PRBs, Intesa Sanpaolo is participating in a collective effort to transform the banking system from a sustainable and long-term perspective, in particular, through participation in working groups dedicated to Impact analysis, Reporting and Assurance. In a specific section of the Consolidated Non-Financial Statement, the Bank reports annually to all its stakeholders on the initiatives implemented and the progress made in implementing the PRBs.

September, 22 2021

Intesa Sanpaolo confirmed in Refinitiv Diversity & Inclusion Index 2021

Thanks to its commitment to the inclusion and development of its people, Intesa Sanpaolo was confirmed in the Diversity and Inclusion Index, ranking in 50th place, an improvement on the 76th place in 2020.
Intesa Sanpaolo is the only Italian bank present and is the sixth in the world.
Refinitiv's thematic index includes the top 100 listed companies in the world that have distinguished themselves as more inclusive and attentive to diversity in the workplace. It is based on 24 parameters that can be traced back to four key categories: gender diversity, inclusion, people development and disputes.

September 17, 2021

Intesa Sanpaolo joins the WEF’s Stakeholder Capitalism Metrics initiative

Intesa Sanpaolo joins – as the only Italian bank - the Stakeholder Capitalism Metrics initiative of the World Economic Forum and is committed to comply with the metrics defined therein in its non-financial statement.

These metrics offer the essential possibility of convergence between ESG reporting standards and the comparability of ESG disclosures, elements for companies to measure performance and contribute to achieving the Sustainable Development Goals.

September, 21 2021

Intesa Sanpaolo adopts policies to reduce lending to the coal and oil & gas sectors

Intesa Sanpaolo has approved a more advanced policy on limitations and exclusions for the Group's lending operations in the coal sector and a new policy dedicated to unconventional oil & gas sector. 

Rules for lending operations in the coal sector: from the date of issue of these rules, the Group will not increase its exposure relating to general purpose financial products and services towards companies belonging to the coal mining sector. In addition it is committed to bring the share of financial services to counterparties belonging to the coal mining sector down to zero (phase out) by 2025.

Rules for lending operations in the unconventional oil & gas sector: from the date of issue of these rules, the Group will not provide financial products and services to projects aimed at the development, construction and expansion of exploration and extraction activities relating to unconventional resources, as well as activities relating to transport infrastructures solely linked to exploration and extraction of unconventional resources. In addition it is committed to the elimination of exposures (phase out) by 2030.

Read the press release

27 July 2021

Interactive version - 2020 Consolidated Non-financial Statement

To enhance the contents of the 2020 CNFS, an interactive version (long form) has been developed where the main non-financial indicators and sustainability projects of the Group are represented in graphic form.

15 april 2021

2020 Consolidated Non-financial Statement has been published

The Consolidated Non-financial Statement 2020 reports the Group's performance in the environmental, social and governance (ESG) sector; the 2019 results confirm Intesa Sanpaolo's central role in social, cultural and environmental sustainability, even in the COVID-19 pandemic situation.

March 26, 2020

Intesa Sanpaolo confirmed in Bloomberg Gender-Equality Index 2021

Intesa Sanpaolo was confirmed in the Gender-Equality Index 2021, thematic index on gender equality launched by Bloomberg in 2018.

Bloomberg's analysis, across all sectors, covered more than 11,500 companies listed on the world's major stock exchanges and led to the inclusion in the index of 380 companies (325 in 2020) from 44 countries. Among these Intesa Sanpaolo obtained a score of 82.10%, well above the average of the global and Italian financial sector, both of which were less than 70%.

January 27, 2021