International standards and partnerships
Intesa Sanpaolo undertakes to observe the principles of sustainable development and has adhered to important international initiatives aimed at promoting dialogue among firms, international organisations and society in general and to pursue respect for the environment and human rights. The Intesa Sanpaolo Group also participates in and supports associations and work groups involved in disseminating a culture of social responsibility and transparency.
UN Global Compact
Intesa Sanpaolo formalised, in 2007, its adherence to the UN Global Compact, a voluntary initiative launched by the United Nations, which aims at promoting corporate social responsibility through the adherence to ten fundamental principles relating to human rights, labour, the environment and the fight against corruption. Intesa Sanpaolo participates in the Global Compact Italian Network by adhering to the GCNI Foundation.
Intesa Sanpaolo reporting on the implementation of the UN Global Compact principles - advanced level (2022/05/06)
Women's Empowerment Principles - WEPs
Intesa Sanpaolo has signed the Women's Empowerment Principles, these principles, promoted by the United Nations Organization, define the guidelines for companies on which to base concrete actions for gender equity and women's empowerment. According to these principles, companies are committed to promoting gender equity and ensuring, with transparency, professional development, safety, well-being and health for all women and workers.
Intesa Sanpaolo has taken part in the United Nations Programme for the Environment in the finance sector (UNEP FI) since 2007; this initiative intends to involve a wide range of banks in a constructive dialogue on economic development, environment protection and sustainable development.
Net-Zero Banking Alliance
The industry-led, UN-convened Net-Zero Banking Alliance brings together banks which are committed to aligning their lending and investment portfolios with net-zero emissions by 2050. Combining near-term action with accountability, this ambitious commitment sees banks setting an intermediate target for 2030 or sooner, using robust, science-based guidelines. Intesa Sanpaolo joins the Net Zero banking Alliance in October 2021.
Net-Zero Asset Owner Alliance (NZAOA)
Alliance of international institutional investors, committed to bringing their portfolios of investment with net zero greenhouse gas emissions by 2050. Intesa Sanpaolo adheres through Intesa Sanpaolo Vita.
Net-Zero Asset Managers Initiative
Initiative made up of international asset managers committed to supporting the goal of zero net greenhouse gas emissions by 2050, encouraging investments in line with efforts to limit global warming. The Intesa Sanpaolo Group adheres through Eurizon Capital SGR, Fideuram Asset Management SGR and Fideuram Asset Management Ireland.
Net-Zero Insurance Alliance (NZIA)
Alliance of the world's leading insurers and reinsurers committed to bringing their own underwriting portfolios with zero net greenhouse gas emissions by 2050, online with a maximum temperature increase of 1.5 ° C from pre-industrial levels by 2100.
Intesa Sanpaolo adheres through Intesa Sanpaolo Vita.
Principles for Responsible Banking - UNEP FI
Intesa Sanpaolo is one of over 130 leading banks across the world and the largest Italian bank, among the institutions that signed the Principles for Responsible Banking (PRB) from UNEP FI, the United Nations Environment Programme Finance Initiative.
These are principles that establish the role and responsibility of the banking sector in supporting a sustainable future.
Principles for Sustainable Insurance - UNEP FI
Intesa Sanpaolo Vita, in line with other companies of the Group, has joined the PSI (Principles for Sustainable Insurance), the UNEP FI initiative for the insurance sector, which addresses risks and opportunities related to environmental, social and governance issues.
Principles for Responsible Investment
The Principles for Responsible Investment (PRI) are principles geared to achieving a sustainable global financial system, born from the partnership between the UNEP-FI and the UN Global Compact. The Intesa Sanpaolo Group adheres as a signatory to the Principles through Eurizon Capital SGR, Fideuram Asset Management SGR, Fideuram Asset Management (Ireland) and the Group's Pension Fund.
In 2007 the Group adopted the Equator Principles, a set of voluntary international guidelines and benchmarks for the financial sector in identifying, assessing and managing the environmental and social risks in projects. The guidelines have been developed by a group of international banks on the basis of the IFC safeguard policies (International Finance Corporation - a subsidiary of the World Bank).
CDP is a non-profit organization that manages the largest environmental database in the world, also aligned with the TCFD global recommendations. The scores awarded by CDP are widely used to govern investment and procurement decisions towards a zero-carbon, sustainable and resilient economy. In 2021, more than 14,000 organizations around the world disclosed data via CDP, including over 13,000 companies (worth more than 64% of global market capitalization). CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and Net Zero Asset Managers. Intesa Sanpaolo since June 2022 and Eurizon Capital SGR are "Investor Signatory" of CDP, thus being part of the growing list of over 746 capital market players with over 136 trillion dollars of assets.
Task Force on Climate-related Financial Disclosures - TCFD
Established in December 2015 by the Financial Stability Board (FSB), the Task Force published eleven recommendations in June 2017 to promote transparent reporting of risks and opportunities linked to climate change by companies. Intesa Sanpaolo published its first TCFD Report at Group level for 2020-2021.
European Clean Hydrogen Alliance
Promoted by the European Commission, the Alliance aims to create the foundations for an ambitious deployment of technologies linked to the production of hydrogen from renewable or low carbon emission sources by 2030.
Global Reporting Initiative
Global Reporting Initiative is an organisation whose mission is to develop sustainability guidelines recognised globally through a multi-stakeholder process. Intesa Sanpaolo is accredited since 2010 as a GRI Community Member.
An internationally recognised reporting standard on investments in the community by businesses.
Forum for Sustainable Finance
Multi-stakeholder association with the objective of spreading the culture and supporting the development of sustainable finance. It is the Italian representative of the EuroSIF (European Sustainable Investment Forum). Eurizon has also been an ordinary member of the Forum since November 2021.
Institutional Investors Group on Climate Change (IIGCC)
European association of institutional investors on climate change, to help define public policies, investment practices and corporate conduct in order to address the long-term risks and opportunities associated with climate change. The Group has been a member through Eurizon Capital SGR since 2021.
Last updated 8 May 2023 at 17:29:43