International standards and partnerships

Intesa Sanpaolo formalised, in 2007, its adherence to the UN Global Compact, a voluntary initiative launched by the United Nations, which aims at promoting corporate social responsibility through the adherence to ten fundamental principles relating to human rights, labour, the environment and the fight against corruption. Intesa Sanpaolo participates in the Global Compact Italian Network by adhering to the GCNI Foundation.
 

Intesa Sanpaolo reporting on the implementation of the UN Global Compact principles - advanced level (08/05/2020)

Intesa Sanpaolo has signed the Women's Empowerment Principles, these principles, promoted by the United Nations Organization, define the guidelines for companies on which to base concrete actions for gender equity and women's empowerment. According to these principles, companies are committed to promoting gender equity and ensuring, with transparency, professional development, safety, well-being and health for all women and workers.  

Intesa Sanpaolo has taken part in the United Nations Programme for the Environment in the finance sector (UNEP FI) since 2007; this initiative intends to involve a wide range of banks in a constructive dialogue on economic development, environment protection and sustainable development. 

Intesa Sanpaolo is one of over 130 leading banks across the world and the largest Italian bank, among the institutions that signed the Principles for Responsible Banking (PRB) from UNEP FI, the United Nations Environment Programme Finance Initiative.
These are principles that establish the role and responsibility of the banking sector in supporting a sustainable future.

Principles for Responsible Banking

The Principles for Responsible Investment (PRI) are principles geared to achieving a sustainable global financial system, born from the partnership between the UNEP-FI and the UN Global Compact. The Intesa Sanpaolo Group adheres as a signatory to the Principles through Eurizon Capital SGR and the Intesa Sanpaolo Group Pension Fund.
 

• Report - Eurizon Capital SGR 2019
• Report - Intesa Sanpaolo Group Pension Fund 2019

Intesa Sanpaolo Vita, in line with other companies of the Group, has joined the PSI (Principles for Sustainable Insurance), the UNEP FI initiative for the insurance sector, which addresses risks and opportunities related to environmental, social and governance issues.

The industry-led, UN-convened Net-Zero Banking Alliance brings together banks which are committed to aligning their lending and investment portfolios with net-zero emissions by 2050. Combining near-term action with accountability, this ambitious commitment  sees banks setting an intermediate target for 2030 or sooner, using robust, science-based  guidelines. Intesa Sanpaolo joins the Net Zero banking Alliance in October 2021.

It is an international group of asset managers committed to supporting the goal of net zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5 degrees Celsius, and to supporting investing aligned with net zero emissions by 2050 or sooner. Eurizon Capital SGR, Fideuram - ISPB Asset Management SGR and Fideuram Asset Management (Ireland) join the NZAMI in November 2021.

In 2007 the Group adopted the Equator Principles, a set of voluntary international guidelines and benchmarks for the financial sector in identifying, assessing and managing the environmental and social risks in projects. The guidelines have been developed by a group of international banks on the basis of the IFC safeguard policies (International Finance Corporation - a subsidiary of the World Bank).

The Equator Principles implementation in Intesa Sanpaolo

CDP ex Carbon Disclosure Project is an international non-profit organization providing companies and states with a global information system regarding climate change. Counting on the support of 525 institutional investors representing $ 96 trillion in assets, CDP monitors companies' policies and energy performances as well as their ability to manage the related economic opportunities and climate risks. The Group adheres as a signatory to CDP through Eurizon Capital SGR and the Intesa Sanpaolo Group Pension Fund. 

Established in December 2015 by the Financial Stability Board (FSB), the Task Force, in June 2017, published eleven recommendations  to promote transparent reporting on climate change risks and opportunities for businesses. Intesa Sanpaolo has been joining it since October 2018.

Global Reporting Initiative is an organisation whose mission is to develop sustainability guidelines recognised globally through a multi-stakeholder process. Intesa Sanpaolo is accredited since 2010 as a GRI Community Member.

Intesa Sanpaolo joined in 2013 the LBG, an internationally recognized standard for companies’ reporting of community investments.