Support to ESG transition

New lending to support the ecological transition: 76 billion euro's worth of loans in line with the National Recovery and Resilience Plan (2021- 2026)

Circular economy credit plafond*: 3.1 billion euro (of which 2.2 billion euro dedicated to green finance) disbursed

3-year agreement with the Ellen MacArthur Foundation Strategic Partner 2022-2024

€3.5bn granted since launch, of which €2.2 in 2022

March 2022 saw the publication of the new Green Bond Report 2021 on the use of the proceeds of the four Green Bonds issued in 2017, 2019 and 2021 and their related environmental benefits at portfolio level for each of the green categories. A total of 5.5 million tonnes of CO₂ eq emissions were avoided in 2021

In June 2022 Intesa Sanpaolo published an updated version of the Green, Social and Sustainability Bond Framework, in line with the ICMA Green Bond Principles 2021, ICMA Social Bond Principles 2021 and ICMA Sustainability Bond Guidelines 2021, in order to promote alignment with the EU Taxonomy regulation on sustainable activities and with the Green Bond Standards

A new Green Bond with a nominal value of 1 billion euro was placed in September 2022, aligned with the new framework and whose proceeds are allocated for all of the Green categories included in the said framework

Strengthening of the ESG offering in Asset management: growth of assets under management invested in ESG products to €156bn in 2025 from €110bn in 2021, increasing their level as a proportion of total assets under management from 46% to 60%

Enhancement of engagement activities in line with the Stewardship Principles

Development of dedicated ESG advisory services for Fideuram

Eurizon offers a diverse range of 232 products in all the asset classes that include a focus on environmental or social issues, or have sustainable investment objectives, classified according to Articles 8 and 9 of the Sustainable Finance Disclosure Regulation - SFDR, with around 110 billion euro of assets representing over 54% of the total assets of the funds managed

Fideuram offers 81 funds classified pursuant to Articles 8 and 9 of SFDR for a total amount of 26.6 billion euro of assets (61% of total assets of the funds managed), a sharp increase compared to 3 billion euro in 2021

In Eurizon, there are 342 companies on which engagement activities were conducted; these include 194 (around 57%) which were engaged on ESG issues. 

Eurizon conducted 538 engagement activities, of which 271 qualified as ESG and represented 50% of the total engagements carried out in the period (34% of the total meetings)

The Private Banking Division ran 47 events during the year aimed at customers (28 face-to-face and 19 remotely) achieving a total of 11,150 participants (5,000 face-to-face and 6,150 remotely).

Review of Fideuram's Advisory model to incorporate ESG principles into needbased financial planning and launch of a comprehensive training programme for ESG certification for bankers with over 51,000 hours already delivered 

Strengthening of the unitlinked/multi-line offering with ESG investment options

Strengthening of the positioning in the non-motor damage insurance segment, including the protection of real estate assets

72% (number of funds) of unit-linked investment options linked to products open to new subscriptions (excluding pension plans) are classified according to Articles 8 and 9 SFDR

Earthquake and/or Flooding insurance cover provided to customers who insure their house: 33.5 billion euro of insurance value