Intesa Sanpaolo

Intesa Sanpaolo, an Italian financial intermediation services company, reported total carbon emissions of approximately 40.4 billion kg CO2e in 2025. This includes about 43.6 million kg CO2e from Scope 1 emissions, 14.9 million kg CO2e from market-based Scope 2 emissions, and approximately 40.3 billion kg CO2e from Scope 3 emissions. A significant portion of their Scope 3 emissions in 2025 stemmed from investments, totalling around 40.2 billion kg CO2e.

Looking back, the company's total emissions in 2024 were approximately 59.9 billion kg CO2e, comprising around 45.3 million kg CO2e (Scope 1), 16.7 million kg CO2e (market-based Scope 2), and approximately 59.9 billion kg CO2e (Scope 3). In 2023, Intesa Sanpaolo's Scope 1 emissions were approximately 50.5 million kg CO2e, and market-based Scope 2 emissions were around 18.6 million kg CO2e.

Intesa Sanpaolo is committed to achieving net-zero emissions by 2050 across all its main business lines, including its own operations, lending and investment portfolios, asset management, and insurance divisions. The company has set a near-term target to achieve carbon neutrality for its own emissions (Scope 1 and 2) by 2030, with a goal of sourcing 100% of its energy from renewable sources by the same year. They aim for an absolute reduction of at least 53% in Scope 1 and Scope 2 market-based emissions by 2030, compared to 2019 levels. From 2019 to 2025, the Group achieved a 39% reduction in Scope 1 and Scope 2 emissions. Additionally, Intesa Sanpaolo targets a 40% reduction in total Scope 3 emissions by 2030, using 2019 as a baseline. The company has also achieved a 35% reduction in Scope 1 and Scope 2 CO2 from 2019 to 2024. For the Iron and Steel Sector, Intesa Sanpaolo has an interim 2030 target to reduce physical intensity by 23% from 1.05 tCO2/t steel in 2022 to 0.81 tCO2/t steel.

Intesa Sanpaolo's targets have been approved by the Science Based Targets initiative (SBTi), with near-term targets classified as consistent with a 1.5°C warming scenario.