Intesa Sanpaolo

Intesa Sanpaolo, an Italian financial intermediation services provider, reported total emissions of approximately 40.4 billion kg CO2e in 2025. This included around 43.59 million kg CO2e from Scope 1, 14.89 million kg CO2e from Scope 2 (market-based), and 40.34 billion kg CO2e from Scope 3. The majority of Scope 3 emissions in 2025 were from investments, accounting for approximately 40.24 billion kg CO2e.

Looking back, the company's total emissions in 2024 were approximately 59.95 billion kg CO2e, with Scope 1 at 45.28 million kg CO2e, Scope 2 (market-based) at 16.66 million kg CO2e, and Scope 3 at 59.89 billion kg CO2e. In 2023, while no total emissions figure was provided, Scope 1 emissions were approximately 50.48 million kg CO2e, and Scope 2 (market-based) emissions were about 18.59 million kg CO2e.

Intesa Sanpaolo has committed to achieving Net-Zero emissions by 2050 for all its main business lines, including its own emissions, lending and investment portfolios, and asset management and insurance divisions. The company has also set a near-term goal of achieving carbon neutrality for its own emissions by 2030, alongside acquiring 100% of its energy from renewable sources. Furthermore, Intesa Sanpaolo aims to reduce its Scope 1 and Scope 2 (market-based) emissions by 53% by 2030, against a 2019 baseline. An interim target saw a 35% reduction in Scope 1 and 2 CO2 emissions between 2019 and 2024. In the Iron and Steel Sector, Intesa Sanpaolo has set a 2030 target to reduce emissions physical intensity by 23% from 1.05 tCO2/t steel in 2022 to 0.81 tCO2/t steel. The company is committed to the Science Based Targets initiative (SBTi), with its near-term targets classified as consistent with a 1.5°C warming scenario.