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: €933m 

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

€2.9bn granted since launch, of which €1.5bn in 1H22

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 relative environmental benefits at portfolio level for each of the green categories; during 2021 5.5m tonnes of CO2 eq emissions were avoided in total

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 

In August 2022, the Group placed on the institutional market a new Senior Non-Preferred Green Bond for a nominal amount of €1bn, the issue of which has all the green categories described in the Framework as "use of proceeds"

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 products across 188 funds 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 new Sustainable Finance Disclosure Regulation - SFDR, with around €103bn of assets representing around 49% of the total assets of the Funds managed 

Fideuram offers 59 funds classified pursuant to Article 8 of SFDR for a total amount of 21.9 billion euro's worth of assets (approximately 30% of total assets under management)

In Eurizon, there are 231 companies on which engagement activities were conducted; these include 143 (around 62%) which were engaged on ESG issues. 

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 25,000 hours already delivered in 1H22

Loans disbursed for the Green and Circular Economy: around 8.7 billion euro disbursed, equal to 11.2% of total loans (2.9% in 2020)

Circular Economy credit line: 5.5 billion euro disbursed in 2021 (7.7 billion euro disbursed since launch of credit line)

The collaboration with the Ellen MacArthur Foundation, of which Intesa Sanpaolo is a Strategic Partner, through an agreement triennial 2022-2024

In July 2020 Intesa Sanpaolo allocated a credit line of 2 billion euro (~1.3 euro billion granted since launch, of which ~1.2 euro billion in 2021) for S-Loans designed to help SMEs finance projects aimed at improving their sustainability profile 

The product range was expanded in April 2021 with S-Loan Diversity, in July with S-Loan Climate Change, and in November with S-Loan Agribusiness and S-Loan Turismo. All S-Loans have subsidised interest rates, subject to the annual monitoring of 2 ESG KPI, to be reported in the borrower’s financial statements. The new S-Loan Climate Change and S-Loan Agribusiness products can benefit from the 80% SACE green guarantee 

Eurizon: a diverse range of products across 172 funds 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 new Sustainable Finance Disclosure Regulation - SFDR, with around 110 billion euro of assets representing around 46% of the total assets of the Funds managed.

Fideuram: 8 funds classified according to Articles 8 and 9 of the SFDR with a total of 2.6 billion euro of assets (about 3% of the total assets of the Funds managed).

In Eurizon, there are 644 companies on which engagement activities have been conducted; these include 240 (over 37%) who have been engaged on ESG issues. The number of companies with ESG engagement has increased considerably compared to 2020 (+40%)