GlobalData offers a comprehensive analysis of Intesa, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Intesa’s ESG performance. GlobalData’s company profile on Intesa offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.

Intesa, a leading Italian banking group, has set ambitious net-zero targets by 2050 as part of its commitment to sustainability. The company aims to promote awareness of emerging risks related to climate change and technological innovation through educational and training initiatives. This highlights the importance of addressing climate change and reducing greenhouse gas (GHG) emissions for Intesa. In 2022 the company's scope 1 (market based GHG emissions) was 59,030 tCO2e & scope 2 (market based GHG emissions) 16,838 tCO2e and scope 1 (location based GHG emissions) was 59,030 tCO2e & scope 2 (location based GHG emissions) 110,075 tCO2e.

Intesa has taken steps to support the green and circular economy, including increasing loans to customers for ESG (Environmental, Social, and Governance) products such as sustainability-linked loans, green/transition loans, circular economy loans, and green mortgages. The company has also reduced exposures to sectors at ESG risk and witnessed growth in sustainable investments, with an increase in the assets of ESG products managed.

To achieve its net-zero targets and reduce emissions, Intesa has implemented various measures. These include supporting the transition of corporates and SMEs to the green and circular economy through new lending, promoting re-skilling and up-skilling training for employees, and increasing the representation of women in senior positions. The company has also made investments in sustainable loans, green mortgages, and asset management products classified under Articles 8 and 9 of EU Regulation 2019/2088.

Intesa recognizes the importance of corporate responsibility and aims to be a responsible financial intermediary that contributes to reducing the impact of climate change and social inequalities. The company's commitment to innovation, development of new products and services, and corporate responsibility aligns with its goal of generating collective value while minimizing its impact on society.

In conclusion, Intesa has set net-zero targets and is taking significant steps to reduce its carbon emissions and promote sustainability. Through increased support for the green and circular economy, investments in sustainable products, and initiatives to enhance diversity and inclusion, the company is working towards its net-zero goals and contributing to a more sustainable future.

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