Green, Social and Sustainability Bonds
Intesa Sanpaolo's commitment to support the ESG transition is also achieved through the issuance of bonds dedicated to the financing of social and environmental projects.
For these issues, the Bank has developed specific Frameworks compliant with the ICMA Green Bond Principles 2021, the ICMA Social Bond Principles 2021, the ICMA Sustainability Bond Guidelines 2021.
Please click here to view the latest Green, Social and Sustainability Bond Framework dated June 2022 and click here to view the Second Party Opinion by ISS ESG.
Dual tranche issue in euro. In detail these are:
- a 3-year variable rate Senior Preferred Bond for a nominal amount of 1 billion euro at a level equal to 3-month Euribor + 60 bps and value date 16 April 2014
- a 6.5 year Senior Preferred Green Bond for a nominal amount of 1 billion euro at a level equal to mid swap + 107 bps and value date 16 April 2014.
Material
The annual report on the allocation and impact (social and environmental) of Intesa Sanpaolo’s Green and Social Bonds issued between 2019 and 2023.
Multi tranche issue in JPY dedicated to the Japanese market to finance/refinance all green categories described in the Green, Social and Sustainability Bond Framework of June 2022:
- 35 billion JPY 2 year Senior Preferred
- 1.9 billion JPY 3 year Senior Preferred
- 0.2 billion JPY 7 year Senior Preferred
Senior Preferred Social issue with Cassa Depositi e Prestiti as sole underwriter, for a nominal amount of 800 million euro, intended to finance the social categories described in the Green, Social and Sustainability Bond Framework of June 2022, in particular interventions in support of Italian SMEs and mid-caps.
Senior Preferred Social Issue dedicated to the UK market, for a nominal amount of £750 million, to finance/refinance all the social categories described in the Green, Social and Sustainability Bond Framework of June 2022. This is the second Social Bond issued by Intesa Sanpaolo after the Senior Preferred one in Euro of October 2022.
Materials:
Dual tranche issue to finance/refinance all green categories described in the Green, Social and Sustainability Bond Framework of June 2022:
- 1 billion euro Senior 3-years Preferred at 3 years
- 1.25 billion euro 7-years Senior Preferred
Materials:
The annual report on the allocation and impact (social and environmental) of Intesa Sanpaolo’s Green and Social Bonds issued between 2019 and 2022.
Senior Non Preferred Green Issue dedicated to the UK market, for a nominal amount of £600 million, to finance/refinance all the green categories described in the Green, Social and Sustainability Bond Framework of June 2022.
Materials:
Dual tranche issue to finance/refinance all green categories described in the Green, Social and Sustainability Bond Framework of June 2022:
- 1.5 billion euro Senior Non Preferred at 5 years with the possibility of being called up in the 4th year
- 750 million euro 10-year Senior Non Preferred
Materials:
Intesa Sanpaolo successfully placed on the institutional market its first Social Bond in Senior Preferred format, maturity January 2030, for a nominal amount of Eur 750m, dedicated to finance/refinance the Social categories described in the Green, Social and Sustainability Bond Framework of June 2022.
Materials:
Senior emission Non Preferred for a benchmark amount of Eur 1bn, dedicated to finance/refinance the green categories described in the Green, Social and Sustainability Bond Framework of June 2022.
Materials:
Starting from the reporting for the year 2021, the report sees the transition to the" Portfolio approach ". On the basis of the "portfolio approach", we move from a report on the allocation of income and environmental benefits for each bond to a report that estimates the impacts and benefits obtained for the entire portfolio of eligible loans for each of the green categories included in the Intesa Sanpaolo framework.
The Green Bond is dedicated to green mortgages for the construction or purchase of energy-efficient properties.
Materials:
In December 2020, the first Report of the Green Bond focused on the Circular Economy was published, which reports on the environmental benefits and the sectoral distribution of circular economy portfolio projects. The report shows that as of October 31, 2020, the projects have been allocated for:
- 36.9% to production processes powered by renewable sources or recycled resources and/or products derived from them
- 32.7% to the development of products and/or services that significantly increase the effectiveness and efficiency in the consumption of resources, within the company or its supply chain
- 12.5% to solutions that extend the life cycle of products and/or materials
- 12.3% to innovative technologies that promote the circular economy model
- 5.6% to the design and/or manufacture of products that can be fully recycled or composted within an efficient process of collection, separation and recycling after use.
Materials
In December 2020, the second Green Bond Report was published: at 31 December 2020 the projects were destined for:
- 73% to solar energy projects
- 18% to wind energy projects
- 3% to projects related to energy deriving from biomass
- 6% to hydroelectric energy projects
Materials
In June 2020, following the annual publication commitment, Intesa Sanpaolo published its third Green Bond Report on the use of proceeds and the related environmental benefits.
The analysis shows that 60.5% of the proceeds are directed to photovoltaic, 13.3% to wind, 15.1% to bioenergy, 9.3% to hydropower and 1.8% to energy efficiency. The environmental benefits of the 76 financed projects amount to around 460,000 tonnes of CO2 emissions avoided annually.
The Green Bond, linked to environmental projects, was issued in June 2017 for a total amount of 500 million euro. The report was subject to an independent third party limited assurance (KPMG).
Materials
Last updated 6 September 2024 at 14:11:08
