Intesa Sanpaolo

Intesa Sanpaolo, a financial intermediation services provider headquartered in IT, reported a total of approximately 59.95 billion kg CO2e in emissions for 2024. This figure comprises approximately 45.28 million kg CO2e for Scope 1 emissions, about 115.79 million kg CO2e for Scope 2 (location-based), and approximately 59.89 billion kg CO2e for Scope 3 emissions.

For 2025, Intesa Sanpaolo reported total emissions of approximately 40.40 billion kg CO2e. This includes approximately 43.59 million kg CO2e for Scope 1, about 97.05 million kg CO2e for Scope 2 (location-based), and approximately 40.34 billion kg CO2e for Scope 3.

The financial institution is committed to significant climate action, with a long-term goal of achieving Net-Zero emissions by 2050 across all its main business lines, including its own emissions and its lending and investment portfolios. More immediately, Intesa Sanpaolo has set a target to reduce Scope 1 and 2 emissions by 53% by 2030, compared to 2019 levels. They also aim for carbon neutrality of their own emissions by 2030 and intend to source 100% of their electricity from renewable sources by the same year. In 2025, approximately 95.3% of their acquired electricity was from renewable sources. Furthermore, Intesa Sanpaolo has set interim targets, such as a 35% decrease in Scope 1 and 2 emissions between 2019 and 2024.

Intesa Sanpaolo's climate commitments include specific targets within certain sectors, such as the Iron and Steel sector, where they aim to reduce emissions intensity by 23% by 2030, from 1.05 tCO2/t steel in 2022 to 0.81 tCO2/t steel. They also have a near-term goal to reduce Scope 1 and 2 emissions to near zero by 2025.