Intesa Sanpaolo

Intesa Sanpaolo, an Italian financial intermediation services company, reported total emissions of approximately 40.4 billion kg CO2e in 2025. This includes Scope 1 emissions of about 43.6 million kg CO2e, Scope 2 market-based emissions of roughly 14.9 million kg CO2e, and Scope 3 emissions of around 40.3 billion kg CO2e. The largest contributor to Scope 3 emissions in 2025 was investments, accounting for approximately 40.2 billion kg CO2e.

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

Intesa Sanpaolo is committed to significant climate action, aiming for net-zero emissions across all scopes by 2050, encompassing its own emissions, lending and investment portfolios, asset management, and insurance divisions. The company has also set a near-term target to achieve carbon neutrality for its own emissions by 2030, with 100% of energy acquired from renewable sources.

Specifically, Intesa Sanpaolo aims to reduce its Scope 1 and Scope 2 (market-based) emissions by 53% by 2030, compared to a 2019 baseline. Furthermore, a 40% reduction target for Scope 3 emissions by 2030, from a 2019 baseline, has been identified. The company has successfully achieved a 35% reduction in Scope 1 and Scope 2 emissions from 2019 to 2024.

In a more focused near-term goal, Intesa Sanpaolo targets a 42% reduction in absolute Scope 1 emissions by 2030 from a 2024 base year, and aims to maintain zero Scope 2 emissions through 2030. They also plan to reduce their Scope 1 and 2 emissions to near zero by 2025.

Intesa Sanpaolo's targets are recognised by the Science Based Targets initiative (SBTi), with its targets covering greenhouse gas emissions from company operations (Scopes 1 and 2) being consistent with reductions required to keep warming to 1.5°C.