
Active
This profile is actively maintained
Active
This profile is actively maintainedWebsite | https://www.group.intesasanpaolo.com |
Headquarters |
Piazza San Carlo, 156
10121 Torino
Italy
|
CEO/chair |
Carlo Messina CEO & Managing Director |
Supervisor | |
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.
Intesa Sanpaolo's 's most important sustainability commitments can be found at the website sections listed below.
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.
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
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.