Intesa Sanpaolo

Intesa Sanpaolo's reported carbon emissions

## Intesa Sanpaolo: Carbon Emissions and Climate Commitments Intesa Sanpaolo, a leading financial institution headquartered in Italy, is actively engaged in addressing climate change through significant emissions reductions and ambitious sustainability targets. **Recent Emissions Data:** In 2025, Intesa Sanpaolo reported total carbon emissions of approximately 40.4 billion kg CO2e. This figure comprises: * **Scope 1:** Around 43.6 million kg CO2e. * **Scope 2 (Market-based):** Approximately 14.9 million kg CO2e. * **Scope 3:** An estimated 40.3 billion kg CO2e, with the vast majority stemming from investments. For 2024, total emissions were approximately 59.9 billion kg CO2e, with Scope 1 at about 45.3 million kg CO2e and Scope 2 (market-based) at around 16.7 million kg CO2e. Scope 3 emissions for 2024 were approximately 59.9 billion kg CO2e. **Climate Commitments and Reduction Targets:** Intesa Sanpaolo has set robust targets aligned with climate goals. Key commitments include: * **Net-Zero by 2050:** The Group has committed to achieving Net-Zero emissions across all its primary business lines by 2050, encompassing its own emissions as well as its lending, investment, asset management, and insurance portfolios. This overarching goal is supported by interim targets. * **Near-Term Reductions:** * **Scope 1 & 2:** Intesa Sanpaolo aims for a significant reduction of at least 53% in Scope 1 and 2 market-based emissions by 2030, compared to 2019 levels. As of 2025, the Group reported a 39% decrease in Scope 1 and 2 emissions since 2019. * **Scope 1:** A specific target to reduce absolute Scope 1 emissions by 42% by 2030 from a 2024 base year has been set. * **Scope 2:** The Group aims for carbon neutrality for its Scope 2 emissions by 2030, with a commitment to sourcing 100% of its electricity from renewable sources by the same year. In 2025, approximately 95.3% of electricity was acquired from renewable sources. * **Scope 3:** Intesa Sanpaolo has set a target to reduce total Scope 3 emissions by 40% by 2030, using 2019 as the base year. * **Earlier Achievements:** The bank has achieved significant emission reductions in the past. For instance, Scope 1 emissions targets for 2022 were achieved with a 188.6% completion rate against a 27% reduction goal from a 2012 base year. These commitments and targets underscore Intesa Sanpaolo's dedication to sustainable finance and its role in driving the transition to a low-carbon economy.