Objectives
The 2026-2029 Business Plan the Plan confirms and envisages strong and sustainable value creation and distribution.
Intesa Sanpaolo intends to have a world-class position in Social Impact while supporting clients in the sustainable transition declined in:
- maintaining a world-class position in social impact, with a contribution of around €1 billion in 2026-2029(1), to fight poverty and reduce inequalities and around €25 billion in cumulative flows for social lending over the four-year period;
- supporting clients in the sustainable transition, with around €87 billion in cumulative flows for medium/long-term new lending in 2026-2029 (including environmental, governance and other sustainable activities);
- confirming commitments to decarbonisation, specifically – in relation to 2050 net- zero – the 2030 targets for financed and own emissions, asset management and insurance business
Furthermore it is provided a continuous commitment to preserve and promote our cultural heritage and to foster innovation.
Sustainable lending
30% of total MLT new lending over the Business Plan horizon with a strong focus on social and environmental activities1
Around €87bn new MLT lending for the sustainable transition (cumulative flows)2
Leading role to favour the energy transition
Main initiatives:
- Green buildings: enhanced lending offering (e.g., green mortgages) to support energy-saving solutions and enhance energyefficient buildings;
- Renewable energy: boost in renewable energy production through sustainable credit facilities;
- Electrification: new lending to support electricity grid systems, improving transmission, distribution and infrastructural electrification;
- Clean tech: dedicated lending to clean tech solutions supporting the energy transition and efficiency (e.g., hydrogen, e-fuels);
- Hard-to-abate: dedicated lending to support decarbonisation of critical economic sectors, facilitating the transition to low-carbon business models.
Support to environmental sustainability and transition:
- Green investments: expansion of green asset management offer for Private and Exclusive clients to further finance the green transition;
- Adaptation: expansion of financing and insurance offerings, enabling climate-risk adaptation for rising physical hazardso;
- Circular Economy: reinforcement of circular economy approach by evolving the offering of financial products for the circular transition;
- Carbon offset: enhancement of carbon offset initiatives by offering new products and services (e.g., carbon farming and EU-ETS offering).
Key enablers to support new initiatives
Growth enablers
Offering of ESG advisory and blendedfinance programs to unlock emerging technologies
ESG skills
Build ESG skills through dedicated training programs and institutional collaborations
Sustainable Steering
Reinforce data governance, metrics and targets and evolve ESG integration into credit and risk processes
1 Equal to ~€112bn assuming ~€374bn total MLT new lending, of which ~€25bn social lending and ~€87bn environmental/other sustainable activities
2 Including Environmental, Governance and other sustainable activities
Last updated 23 February 2022 at 11:05:30
