Objectives
The new 2022-2025 Business Plan the Plan confirms and envisages strong and sustainable value creation and distribution, solid capital position and a significant ESG (Environmental, Social, Governance) commitment.
With reference to ESG issues, Intesa Sanpaolo intends to further strengthen its role as a leading bank. It envisages doing this by committing funds in 2022-2025 for around €115 billion to society and the green transition and around €500 million in support of people in need, as well as working towards achieving a net-zero emission target, in terms of own emissions by 2030 and in terms of loan and investment portfolios, asset management and insurance by 2050, and, in addition, protecting and restoring natural capital with more than 100 million trees planted over the four-year Plan horizon, directly as a Group or with dedicated financing for its clients, and the adoption of a specific policy on biodiversity.
At Intesa Sanpaolo, we believe that it is only possible to grow and prosper by making a positive contribution to the communities in which we operate. That is why the new Plan further strengthens our ESG commitment.
Environment
- Commitment to net-zero emissions for own emissions and for loan and investment portfolios and asset management and insurance, as part of the Group’s involvement, since the last quarter of 2021, in the Net Zero Banking Alliance (NZBA), the Net Zero Asset Managers Initiative (NZAMI), as well as the Net Zero Asset Owner Alliance (NZAOA) and the Net Zero Insurance Alliance (NZIA):
- carbon neutral own emissions target already in 2030 with 100% purchased renewable energy at Group level in 2030
- net-zero emissions for loan and investment portfolios and asset management and insurance by 2050;
- reduction targets for 2030 already set - more than one year ahead of the NZBA deadline - with respect to financed emissions in priority high-emitting sectors, covering over 60% of non-financial companies’ portfolio financed emissions in the sectors identified by the NZBA;
- commitment to requesting the SBTi certification;
- commitment to protecting and restoring natural capital:
- planting more than 100 million trees over the four-year Plan horizon directly as a Group or with dedicated financing for its clients;
- adopting a specific policy on biodiversity.
Last updated 23 February 2022 at 11:05:30
