Intesa Sanpaolo

Intesa Sanpaolo, a financial intermediation services provider headquartered in IT, reported approximately 40.4 billion kg CO2e in total emissions for 2025. This figure encompasses Scope 1, 2, and 3 emissions. The majority of these emissions, approximately 40.3 billion kg CO2e, fall under Scope 3, with investments accounting for the largest portion at about 40.2 billion kg CO2e. Scope 2 emissions, using the market-based approach, were approximately 14.9 million kg CO2e, while Scope 1 emissions were around 43.6 million kg CO2e for the same year.

In 2024, Intesa Sanpaolo's total emissions were approximately 59.9 billion kg CO2e, with Scope 3 emissions being the largest contributor at about 59.9 billion kg CO2e, driven by investments of nearly 59.8 billion kg CO2e. Scope 2 market-based emissions were approximately 16.7 million kg CO2e, and Scope 1 emissions were around 45.3 million kg CO2e.

Intesa Sanpaolo has set ambitious climate commitments. The group aims for Net-Zero emissions by 2050 across all its main business lines, including its own emissions, lending and investment portfolios, asset management, and insurance divisions. More immediate targets include achieving carbon neutrality for its own emissions by 2030 and acquiring 100% of its energy from renewable sources by the same year. Specifically, Intesa Sanpaolo has committed to a 53% reduction in Scope 1 and 2 market-based emissions by 2030, compared to 2019 levels. As of 2024, the company achieved a 35% reduction in Scope 1 and 2 emissions from 2019 levels. The bank also aims to reduce Scope 2 emissions to near zero by 2025. Furthermore, Intesa Sanpaolo is working towards a 40% reduction in total Scope 3 emissions by 2030, using 2019 as the base year. For specific sectors, interim targets aligned with Net Zero have been established, such as a 23% reduction in emissions intensity in the Iron and Steel sector by 2030.