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UN's Sustainable Development Goals (SDG's)

Intesa Sanpaolo participates in the Global Compact initiative and is an active member of the community of businesses that support the UN’s Sustainable Development Goals, set by the Un's 2030 Agenda and signed by 193 countries, including Italy, at the end of 2015. 

SDG's in Intesa Sanpaolo

No poverty

Main actions in 2019:

  •  200 million euro: new medium and long-term donations in support of social enterprises, and third sector entities
  •  12.9 million euro in support of over 800 projects carried out by non-profit organisations
  • approximately 75 million euro for microfinance or anti-usury projects
  • Intesa Sanpaolo Programme for disadvantaged people, which has allowed between 2018-2019, for 8.7 million meals, more than 519,000 beds, around 131,000 medicines and 103,000 items of clothing to be offered.

Main objectives:

  • Scale-up the “Cibo e Riparo per le persone in difficoltà” (Food and Shelter for disadvantaged people) initiative by allocating funds for 10,000 meals a day, 6,000 dormitory beds a month and 3,000 medicines and clothes a month within 2021
  • Intesa Sanpaolo Fund for Impact, (€ ~250 million euro), which will enable the disbursement of loans totalling 1.2 billion euro over the 2018-2021 period to sections of society who find it hard to access credit despite their potential.

 

Quality education

Main actions in 2019:

  • 11 million hours of training provided to our people
  • Launch of  “per Merito”, the first unsecured credit line dedicated to all university students residing in Italy who study in Italian and foreign universities: in 2019 240 students received funding and approximately 28 million euro was granted 
  • Giovani e Lavoro programme, created in collaboration with Generation Italy, a job orientation project involving over 1,000 companies and training 700 young people.
    .

Main objectives:

  • 1 billion euro of investments in training and learning for employees, with the provision of around 46 million hours of training in the 2018-2021 period
  • Continuation of “per Merito” initiative and of the partnership with Generation 
Gender equality

Main actions in 2019:

  • The new Diversity & Inclusion Structure is committed to defining
    a strategy to promote the respect and appreciation of diversity
  • Extended to more than 1,100 managers, the Diversity & Inclusion objective into the assessment system, that accounts for 10% of the total evaluation
  • Support to female entrepreneurship with Business Gemma that allowed to disbursed 267 loans, making a total of 10.1 million euro.


Main objectives:

  • Dedicated initiatives to fully ensure diversity and inclusion are promoted.
Affordable and clean energy

Main actions in 2019:

  • Disbursment of approximately 1.4 million euro to the green economy
  • The proceeds of the 500 million Green Bond issued in 2017, 64.0% of which being allocated to photovoltaic power, 12.6% to wind power, 9.3% to hydroelectricity power, 12.5% to bioenergy and 1.6% to energy efficiency, financed 75 projects with an annual saving of more than 353,000 tonnes of CO2 emissions
  • Zero-emission electricity amounted to 83% of total consumption.


Main objectives:

  • An increase in the use of renewable energy sources, from 76% at the end of 2012 to 81% by the end of 2022.
Decent work and economic growth

Main actions in 2019:

  • Disbursement of approximately 58 billion euro in new long- to medium-term loans to the families and businesses, of wich about 48 billion in Italy
  • Employment protection: 2,039 people were retrained and reassigned to priority activities, and 393 people with specialized profiles were hired
  • Agreements were signed with the Trade Unions for the pay-out of the Variable Result Bonus (VRB)
  • Development of internal talents trough the International Talent Program (255 Talent in 2019);
  • Initiative of welfare and quality of life in the company, also with the creation of the People & Process Care Structure.
  • Flexible work extended to more than 17,250 people. Group health fund: 160 million euro of intermediate healthcare services net of excesses.

Main objectives:

  • New medium- to long-term loans disbursed to the real economy and totalling around 250 billion euro
  • Hiring of at least 1,650 people in the 2018-2021 period to support the growth of the core business and facilitate generational change, and reassignment of excess capacity (5,000 people) into new high-value added initiative
  • Support for well-being and valuing of people (24,000 employees to participate to flexible work)
  • Talent enhancement (International Talent Program will involve 500 resources by 2021)
Industry, innovation and infrastructure

Main actions in 2019:

  • Digital transformation: Italy’s leading digital bank and among the top three European banks 
  • Supporting production and innovation, Intesa Sanpaolo Innovation Center has developed start-up enhancement programs (720 start-ups analyzed, activated 6 acceleration programs out of 124 of these, presented to 850 potential investors). Through Nova+ funding, 41 innovation projects for more than 41 million euros are financed. 

Main objectives:

  • 2.8 billion euro of investments in 2018–2021 to complete the digital transformation
  • 70% of activities digitized in 2021 (10% in 2017)
  • Increase the % of sales on digital channels (15% in 2021 from 2% in 2017).
Reduced inequalities

Main actions in 2019:

  • Projects to encourage the inclusion of people with intellectual disabilities, in particular people with Down syndrome (2 people already included), Intesa Sanpaolo was Italy's first Dyslexia Friendly certified bank in December 2018.
  • System to map the organisational positions in the company to maximize internal equity and meritocracy.

Main objectives:

  • Launch of dedicated initiatives to fully promote diversity and inclusion (e.g. gender, age, nationality, religion, personal and social conditions)
Sustainable cities and communities

Main actions in 2019:

  • Support to households affected by natural disasters and emergencies, such as the collapse of the Genoa bridge and the adverse weather events in the Venice area, through payment suspension programmes for mortgages on affected properties totalling 0.8 billion euro and subsidised loans amounting to over 135 million euro 
  • Promotion of culture for social cohesion: in 2019 more than 560,000 visitors, around 80,000 students participated in free educational activities

Main objectives:

  • Proactive management of the Group’s artistic, cultural and historical heritage and promotion of art and culture in Italy and abroad
Responsible consuption and production

Main actions in 2019:

  • Circular Economy development: we have allocated a credit fund of up to 5 billion euros for the period 2018-2021, aimed at companies that adopt the circular model in innovative ways, giving them the best conditions of access to credit. The criteria for investing in Circular Economy were defined together with the Ellen MacArthur Foundation. At the end of 2019, the plafond provided 760 million euro in 63 projects, compared with 248 projects analysed
  • Launched in collaboration with Fondazione Cariplo, the Circular Economy Lab with the goal of supporting and assisting the transformation of the Italian economic system, accelerating the transition to the Circular Economy
  • in November 2019 placement of the first 750 million euro Sustainability Bond was successfully completed, with a demand of over 3.5 billion euro, intended to support the loans granted by the Bank under the credit plafond dedicated to the Circular Economy.

Main objectives:

  • Allocation of a dedicated plafond and launch of an investment fund for the Circular Economy.
Climate action

Main actions in 2019:

  • Environment and Climate Change: all the actions carried out in 2019, in line with the Environmental Plan, confirm the Group's commitment to reducing its environmental footprint. In 2019, Scope1 + Scope2 greenhouse gas emissions decreased by 21.4%.
  • Since October 2018, Intesa Sanpaolo has decided to support the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), with the voluntary commitment to disseminate transparent reporting on the risks and opportunities linked to climate change.

Main objectives:

  • The Climate Change Action Plan, Intesa Sanpaolo’s Multi-Year Environmental Sustainability Plan, envisages a reduction of 37% in CO2 emissions in the 2012-2022 period
  • In January 2020, Intesa Sanpaolo undertook to make available a programme for the disbursement of 50 billion euro in Italy to the European Green Deal over the next few years.

 

Peace, justice and strong institution

Main actions in 2019:

  • Combating corruption: we consider combacting a very important priority. In May 2019 Intesa Sanpaolo was among the first banks in Europe to receive the certificate of compliance of its anti-bribery management system with UNI ISO 37001 international standards. In 2019 training to prevent corruption and money laundering involved 77.383 employees for a total of approximately 307,000 hours provided.
  • Compliance with tax regulations: the Group has strengthened the internal control system for tax risk, (“Tax Control Framework”)
  • Controversal sectors: the Code of Ethics promotes peaceful coexistence by not providing financial support to economic activities which may put this value at risk, such as those associated with arms.

Main objectives:

  • Continuation of the alignment of internal regulations with the Anti-Corruption Guidelines and verification of the adoption of the Anti-Corruption Guidelines by the Group’s Italian and international companies
  • Feasibility study for the development of indicators designed to monitor the process and formalisation of the first second-level controls in the areas identified as being at the greatest risk of corruption.

SDG's and material issues

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