Intesa Sanpaolo

Intesa Sanpaolo, a financial intermediation services company based in Italy, reported its total greenhouse gas emissions for 2025 as approximately 40.4 billion kg CO2e. This includes Scope 1 emissions of 43.592 million kg CO2e, Scope 2 emissions (market-based) of 14.891 million kg CO2e, and Scope 3 emissions of approximately 40.343 billion kg CO2e. The largest contributor to Scope 3 emissions in 2025 was investments, accounting for 40.239 billion kg CO2e.

Looking back, Intesa Sanpaolo's total emissions were higher in 2024, at approximately 59.955 billion kg CO2e. In 2023, the company reported Scope 1 emissions of 50.475 million kg CO2e and Scope 2 emissions (market-based) of 18.591 million kg CO2e. For 2022, Scope 1 emissions were 59.030 million kg CO2e, and Scope 2 emissions (market-based) were 16.838 million kg CO2e.

Intesa Sanpaolo is committed to significant climate action. The company has set a long-term goal to achieve Net-Zero emissions by 2050 across all its main business lines, including its own operations, lending and investment portfolios, asset management, and insurance divisions.

For near-term targets, Intesa Sanpaolo aims for carbon neutrality of its own emissions by 2030, with 100% of energy purchased from renewable sources by the same year. This includes a target to reduce Scope 1 and Scope 2 (market-based) emissions by 53% by 2030, compared to a 2019 baseline. The company has already achieved a 39% reduction in Scope 1 and 2 CO2 emissions between 2019 and 2025. Approximately 95.3% of electricity was acquired from renewable sources in 2025. Additionally, the company has a near-term target to reduce its total Scope 3 emissions by 40% by 2030, against a 2019 baseline.

Intesa Sanpaolo's Science Based Targets Initiative (SBTi) commitment also reflects a long-term Net-Zero target by 2050. The company's near-term targets for Scope 1 and 2 emissions are consistent with reductions required to limit global warming to 1.5°C.