Intesa Sanpaolo Sustainability Profile
Intesa Sanpaolo, a leading Italian banking group, is headquartered in Turin, Italy. Established in 2007 through the merger of Banca Intesa and Sanpaolo IMI, the bank has rapidly become a key player in the European financial sector, with a strong presence across Italy and significant operations in Central and Eastern Europe. Specialising in retail banking, corporate banking, and wealth management, Intesa Sanpaolo offers a diverse range of products and services, including loans, investment solutions, and insurance. Its commitment to innovation and customer-centric solutions sets it apart in a competitive market. Recognised for its robust financial performance, Intesa Sanpaolo consistently ranks among the top banks in Europe, reflecting its strong market position and dedication to sustainable growth.
DitchCarbon Score
How does Intesa Sanpaolo's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Intesa Sanpaolo's score of 86 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Intesa Sanpaolo's reported carbon emissions
In 2024, Intesa Sanpaolo reported total carbon emissions of approximately 35,128,121,000 kg CO2e globally, with specific emissions breakdowns including 45,280,000 kg CO2e from Scope 1, 16,656,000 kg CO2e from Scope 2 (market-based), and a significant 59,892,681,000 kg CO2e from Scope 3 emissions. The bank has set ambitious targets to reduce its emissions, aiming for a 53% reduction in Scope 1 and 2 emissions by 2030 compared to 2019 levels. Additionally, it has committed to achieving carbon neutrality for its own operations by 2030 and pursuing a "Net Zero" objective by 2050 across all business lines, including lending and investment portfolios. In 2023, the bank's emissions were reported at approximately 46,240,000 kg CO2e for Scope 1 and 5,006,000 kg CO2e for Scope 2 (market-based), with Scope 3 emissions at about 41,560,000 kg CO2e. The bank has successfully achieved a 35% reduction in its Scope 1 and 2 emissions from 2019 to 2024, with a target of 53% by 2030. Intesa Sanpaolo's climate commitments are aligned with the Science Based Targets initiative (SBTi), where it has set near-term targets consistent with limiting global warming to 1.5°C. The bank's comprehensive approach includes a focus on renewable energy, with a goal of sourcing 100% of its electricity from renewable sources by 2030. Overall, Intesa Sanpaolo is actively working towards significant emissions reductions and has established a robust framework for achieving its climate goals, reflecting its commitment to sustainability and environmental responsibility.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 58,994,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 54,539,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 31,497,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000,000 |
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Intesa Sanpaolo's Scope 3 Categories Breakdown
Intesa Sanpaolo's Scope 3 emissions, which increased significantly last year and increased significantly since 2012, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
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Intesa Sanpaolo's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Intesa Sanpaolo has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Intesa Sanpaolo's sustainability data and climate commitments