Intesa Sanpaolo

Intesa Sanpaolo's reported carbon emissions

Intesa Sanpaolo reported approximately 40.4 billion kg CO2e in total emissions for 2025, with Scope 3 emissions accounting for the vast majority at approximately 40.3 billion kg CO2e. Scope 1 emissions were about 43.6 million kg CO2e, and Scope 2 emissions were approximately 14.9 million kg CO2e (market-based). The financial institution has set ambitious climate targets, including a commitment to achieve Net Zero emissions by 2050 across all its main business lines, encompassing its own emissions as well as lending and investment portfolios, asset management, and insurance divisions. For its own operations, Intesa Sanpaolo aims for a significant reduction in Scope 1 and 2 market-based emissions. It has set a target to reduce these emissions by 53% by 2030, compared to 2019 levels. As part of this, the company is working towards carbon neutrality for its own emissions by 2030 and intends to source 100% of its electricity from renewable sources by the same year. By 2025, the group achieved a decrease of 39% in CO2 (Scope 1+2) from 2019. The company is also pursuing a Net Zero target for its loan and investment portfolios, asset management, and insurance sectors by 2050. In the Iron and Steel Sector, interim 2030 emission reduction targets have been established, aiming for a 23% reduction in emissions physical intensity. Intesa Sanpaolo is committed to the Science Based Targets initiative (SBTi) and has set near-term targets aligned with a 1.5°C warming scenario. Specifically, the company commits to reduce absolute Scope 1 emissions by 42% by 2030 from a 2024 base year. They also commit to maintaining zero Scope 2 emissions through 2030 and to measure and reduce their Scope 3 emissions from a 2024 base year. Their portfolio targets currently cover 8% of total investment and lending by total balance sheet assets as of 2022.