Why this issue is significant
The impact of climate change goes well beyond the environmental issue and involves different aspects, from the economy to technology, from safety to respect for human rights, with potentially significant repercussions on customers, the community and consequently on our operations.
Intesa Sanpaolo is fully aware of the importance of pursuing a clear and effective strategy to combat climate change and set qualitative and quantitative targets to prevent and limit the impact of this phenomenon.
Through climate finance activities and the development of innovative products and services we help customers reduce the environmental footprint and respond effectively to the pressure of environmental challenges. Environmental catastrophes can cause damage to the properties in which we work, generate business discontinuity and consequently increase operating costs. Careful planning and a more sustainable management of these buildings allow us to simultaneously reduce the risks and impacts on the environment, reducing energy consumption and greenhouse gas emissions.
The Rules on environmental and energy policy and the specific sub-policies define Intesa Sanpaolo's commitment towards environmental protection and the focus on climate change. The scope refers to both direct impact on the environment deriving from the Bank's operations, for which the roles of Energy Manager and Mobility Manager were established, and indirect impact deriving from our customers and suppliers.
An interdepartmental working group promotes the innovation of products and services and specific guidelines define evaluation processes for loans in sectors with significant environmental impacts through the application of the Equator Principles. The monitoring processes for the Code of Ethics and the Sustainability Report make it possible to assess the risks associated with climate change and identify objectives and action plans for their management and mitigation. Specific objectives were published in the SEAP (Sustainable Energy Action Plan).
The Chief Governance Officer is responsible for the strategy on combating climate change, reporting to the Chief Executive Officer of Intesa Sanpaolo, the Management Board and the Supervisory Board. He/she receives support in this duty from the Corporate Social Responsibility Unit, which acts as the coordination centre at Group level on this issue.
The Group continued to provide financing in the field of renewable energy, energy savings, sustainable agriculture and environmental protection with measures in support of individual customers, enterprises and the Third Sector. 1.4 billion euro was granted in 2015. As regards consultancy activities, Mediocredito Italiano Energy Desk continued to operate as a specialist unit for project analysis and transfer of know-how about renewable energies in support of the Group's Network Banks. As for the supervision of environmental risks in financing activities a working group was set up, which extends the scope of application of the Equator Principles (see the "Management of business risks" chapter [i]).
As for direct impacts, in 2015 certification of approximately 200 operating units involved in the Environmental and Energy Management System (SGAE) pursuant to the ISO 14001 and ISO 50001 standards continued, along with certification of these sites’ greenhouse gases emissions in accordance with the ISO 14064 international standard.
In Italy, electricity guaranteed to be energy from renewable sources is used at all possible sites and actions continued to reduce energy consumption through a number of initiatives targeting improved overall energy efficiency.
Even heat consumption decreased, particularly in the branches covered by the SGAE system: in the last four winter seasons these sites achieved overall heat energy savings of approximately 24%, corresponding to around 54,000 euro.
The procurement of environmentally friendly paper has now reached a high percentage of the total purchased, and the Group's commitment in 2015 has been particularly focused on digitisation of documents, thanks to which it was possible to avoid the use of about 1,800 tons of paper, corresponding to lower CO2 emissions by over 3,300 tons.
With regard to employee training, in 2015 the “Ambientiamo” e-learning platform underwent updating of the contents with new modules specifically dedicated to Climate Change.
Performance indicators and objectives achieved:
|Indicator||2014 results||2015 results||2016 objectives*|
|Reduction in electricity consumption in Italy compared to 2012||15% reduction||15.4% reduction||17% reduction in electricity consumption|
|Purchase of environmentally friendly or recycled paper in Italy||93% of purchases||94% of purchases||Environment-friendly or recycled paper to account for 98% of purchases|
|Reduction in “indirect emissions” potentially generated by the Group – Scope 2 compared to 2012||12.7% reduction||12.8% reduction||13% reduction in "indirect emissions" potentially generated (Scope 2)|
|Extension of “other indirect emissions” reporting
|Scope 3 reporting includes, in addition to indirect emissions from the purchase of paper, emissions relating to waste and office equipment||Reporting of Internet Banking operations was integrated with the previous ones in 2015||Gradual expansion of the scope and improvement in reporting|
|Environmental certification||UNI EN ISO 14001, UNI CEI EN ISO 50001 and UNI EN ISO 14064 certification on a significant sample of sites was already achieved several years ago||The certifications already attained on a significant sample of locations continue||Maintaining environmental certifications on a significant sample of locations, implementing all of the required regulatory updates|
|Environmental loans||643 million euro: more than 2.3% of total loans||1,495 million euro: 3% of total loans||Continue to support the renewable energies, agriculture and environmental protection sectors|
*The SEAP (multi-year Sustainable Energy Action Plan) was prepared for the period 2012-2016.