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Home › Banks ›
Bank
Intesa SanpaoloItaly

Active

This profile is actively maintained
Last update: 2023-02-27 14:28:12
Intesa Sanpaolo Tower in Turin, Italy. Photo: Wikimedia Commons (CC BA 3.0)

Active

This profile is actively maintained
Last update: 2023-02-27 14:28:12
About
Website https://www.group.intesasanpaolo.com
Headquarters
Piazza San Carlo, 156
10121 Torino
Italy
CEO/chair Carlo Messina
CEO & Managing Director
Supervisor
Banca d'Italia
Ownership
listed on Borsa Italiana

Intesa Sanpaolo's shareholder structure can be accessed here.

Intesa Sanpaolo is an Italian banking group resulting from the merger in 2007 between Banca Intesa and Sanpaolo IMI. It has an international presence focused on Central-Eastern Europe and the Mediterranean Basin. The group operates through seven business units: Banca dei Territori division, Corporate and Investment Banking division, International Subsidiary Banks division, Private Banking division, Asset Management division, Insurance division, and Capital Light Bank.

Sustainability
Commitments
Policies
Voluntary standards

Intesa Sanpaolo's 's most important sustainability commitments can be found at the website sections listed below.

Links

Sustainability

Sustainability policies

2022-04-30 00:00:00

Group guidelines for the governance of environmental, social and governance (ESG) risks

Bank policy
2022-04-30 00:00:00 | Intesa Sanpaolo
2021-07-29 00:00:00

Rules for lending operations in the coal sector

Bank policy
2021-07-29 00:00:00 | Intesa Sanpaolo
2021-07-29 00:00:00

Rules for lending operations in the unconventional oil&gas sector

Bank policy
2021-07-29 00:00:00 | Intesa Sanpaolo
2021-07-13 00:00:00

Rules governing transactions with subjects active in the armamants sector

Bank policy
2021-07-13 00:00:00 | Intesa Sanpaolo
2020-05-31 00:00:00

Guidelines for the governance of ESG risks regarding lending operations

Bank policy
2020-05-31 00:00:00 | Intesa Sanpaolo
2019-12-31 00:00:00

Commitment to sustainability

Bank policy
2019-12-31 00:00:00 | Intesa Sanpaolo
2017-12-01 00:00:00

Principles on Human Rights

Bank policy
2017-12-01 00:00:00 | Intesa Sanpaolo
2016-12-31 00:00:00

Code of Ethics

Bank policy
2016-12-31 00:00:00 | Intesa Sanpaolo
2015-11-30 00:00:00

Commitment to combatting climate change

Bank policy
2015-11-30 00:00:00 | Intesa Sanpaolo
2015-01-28 00:00:00

Policy concerning relations between international subsidiary banks and political parties

Bank policy
2015-01-28 00:00:00 | Intesa Sanpaolo
2014-05-01 00:00:00

Group's internal code of conduct

Bank policy
2014-05-01 00:00:00 | Intesa Sanpaolo
2014-01-01 00:00:00

Rules for the environmental and energy policy

Bank policy
2014-01-01 00:00:00 | Intesa Sanpaolo
2013-01-31 00:00:00

Rules for the setting up of sustainable branches

Bank policy
2013-01-31 00:00:00 | Intesa Sanpaolo
Intesa Sanpaolo has committed itself to the following voluntary standards:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
Global Reporting InitiativeTags: sustainable development | human rights
Net-Zero Banking Alliance (NZBA)Tags: climate change | corporate social responsibility | energy | energy plants
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations
Principles for Sustainable InsuranceTags: corporate social responsibility | United Nations
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
Taskforce on Nature-related Financial Disclosures (TNFD)Tags: corporate social responsibility | finance
UNEP Finance InitiativeTags: United Nations | sustainable development
United Nations Global CompactTags: United Nations | human rights
Wolfsberg PrinciplesTags: finance | corruption
Dodgy Deals

Intesa Sanpaolo is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Intesa Sanpaolo's link to these deals.

Projects / Companies
Finance type
Year
Campaigns

Banks and Climate

The 2022 Banking on Climate Chaos report showed that Intesa Sanpaolo provided US$ 17.93 Billion in financing to the fossil fuel industry between 2016 and 2021. Find further details on Intesa Sanpaolo fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.

 

Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in the Coal Policy Tracker and Oil and Gas Policy Tool. Find further details on their assessment of Intesa Sanpaolo fossil fuel policy below.

 


Banks and Human Rights

BankTrack assessed Intesa Sanpaolo in its 2022 Global Human Rights Benchmark, where it achieved 6 points out of 14 and was ranked as a follower. In addition, Intesa Sanpaolo scored 0.3 out of 3 on how it responds to alleged human rights violations linked to its finance, which were raised by civil society organisations.  More information is detailed in the "Accountability" section of this profile.

Global Human Rights Benchmark 2022

BankLast update
Country
Score
Ranking
Details
Intesa Sanpaolo
ITA
6
Follower
0
Italy
Score
Follower
6
Explanation

Intesa Sanpaolo's human rights policies, processes and reporting were assessed as part of the BankTrack Global Human Rights Benchmark 2022. The bank is assessed as a Follower, with a total score of 6 out of 14.

Policy: 2.5/3
Due dilligence: 1.5/5
Reporting: 1.5/3
Remedy: 0.5/3


Response Tracking:
The bank was also assessed on its responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations, for which it received an average score of 0.3/3. See the Response Tracking section of this profile for more details.

Explanation
Laggard
Follower
Front runner
Leader
0 - 3 points
3.5 - 6.5 points
7 - 10 points
10.5 - 14 points
For more details see this page.

Tracking the Net Zero Banking Alliance

Intesa Sanpaolo is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.

 


Banks and Putin's war in Ukraine

BankTrack is keeping track of the public response of Intesa Sanpaolo to Russia's illegal invasion of Ukraine. Intesa Sanpaolo's position on the war is unclear. Intesa Sanpaolo is considered by Leave-Russia.org to be "buying time" with its operations in Russia. We categorise its exposure to Russia as moderate, with over $2.6bn of financial assets. Intesa Sanpaolo supports the Russian fossil fuel industry through investments, loans, and underwriting. For further details, see the table linked below.

News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Canadian bank RBC the #1 financier of fossil fuels, world’s biggest banks continued to pour billions into fossil fuel expansion

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2023-04-13 | San Francisco | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Who dares to finance Eni and Exxon’s dangerous Rovuma gas plans in Mozambique?

Two banks made clear they will avoid financing Rovuma LNG, but plenty remain in the frame.
2023-03-20 | BankTrack, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Les Amis de la Terre France, ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

Throwing fuel on the fire: GFANZ members provide billions in finance for fossil fuel expansion

2023-01-17 | Paris, France /Nijmegen, Netherlands | BankTrack, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Europe’s largest banks falling short on climate and biodiversity action

New ShareAction research uncovers urgent need for UK and European banking sector to close loopholes in climate and biodiversity strategies
2022-12-12 | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

Exposed: Western banks funding Qatar’s carbon bombs

US$ 20 trillion estimated damage linked to massive gas expansion by hosts of 2022 World Cup
2022-12-08 | Henrieke Butijn – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

European financial institutions heavily invested in companies involved in illegal Israeli settlements

725 European Financial Institutions found to provide billions of dollars in finance to companies operating in Israel's illegal settlement enterprise
2022-12-05 | Brussels | Don't Buy Into Occupation
Blog
BankTrack news BankTrack blog Partner news Partner blog

Who will finance yet another gas megaproject in Mozambique?

2022-11-25 | ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

New human rights assessment of banks shows slow progress and lack of action to address key gaps on reporting and remedy

BankTrack’s 2022 Global Human Rights Benchmark finds reporting at a standstill, remedy still lacking and no clear leaders
2022-11-17 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Europe’s locomotive runs on coal

ReCommon reports on the devastating impacts of RWE's coal mining operations in Germany
2022-10-27 | ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

More major banks and insurers refuse to support EACOP

Lloyds syndicates silent amid human rights abuses
2022-10-14 | BankTrack, #StopEACOP
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks in Russia now have to help with conscription: Those who stay could be complicit in war crimes

2022-10-11 | Lorena Bisignano – BankTrack, Ryan Brightwell – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Largest European banks bankroll high-risk arms traders

2022-07-12 | PAX
Blog
BankTrack news BankTrack blog Partner news Partner blog

Finance goes to war: Intesa Sanpaolo between Russian fossil industry and US gas

Intesa Sanpaolo is the Italian financial group with the closest relations with Moscow
2022-06-08 | Rome | ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

Intesa replies to investors: no intention to improve its climate and environmental commitments

2022-05-11 | ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

Intesa Sanpaolo shareholders’ meeting

Climate commitments are vague and weak. Investors ask for an urgent change of course
2022-04-28 | ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

Intesa Sanpaolo’s new board of directors brings in fossil fuels and agribusiness

News highlights the urgent need to close the revolving door between environmentally destructive industries and finance
2022-04-12 | Italy | ReCommon
Blog