INTESA SANPAOLO OBTAINS MAJOR RECOGNITION BY THE CARBON DISCLOSURE PROJECT FOR ITS COMMITMENT TOWARDS REDUCING CARBON FOOTPRINT
Milano, 6 December 2013 – For the second year in a row, Intesa Sanpaolo has been entered in the CDP’s Italy 100 Climate Disclosure Leadership Index (CDLI), the indicator that selects, within the FTSE MIB and FTSE Italia Small and Mid Cap indexes, the companies that demonstrated an effective strategic approach towards reducing carbon footprint and a strong commitment for the completeness and transparency of the information provided.
This important recognition comes from the Carbon Disclosure Project (CDP), which represents 722 institutional investors with 87,000 billion dollars in assets under management and which has once again sought to reward the commitment shown by Intesa Sanpaolo towards reducing climate-changing emissions and the accuracy with which it has reported the data relating to its own carbon footprint.
Intesa Sanpaolo’s renewed inclusion in the index is linked to the constant attention paid by the Bank to the opportunities deriving from Climate Change and the utmost transparency in reporting its operations.
Paul Simpson, CEO of CDP, commented: “The companies included in the Climate Disclosure Leadership Index have demonstrated a strong commitment to answering the need for increased corporate responsibilities towards climate change. They were actively engaged in implementing quality processes aimed at measuring greenhouse gas emissions and the use of energy and in communicating their climate change strategy in a transparent manner”.
“Thanks to this important recognition – stated Carlo Messina, CEO of Intesa Sanpaolo – our Group once again confirms its focus on environmental issues and the need to combine, together with the necessary steps of economic growth and solidity, firm ongoing actions aimed at reducing emissions and the transparency of its commitment in terms of environmental sustainability”.
The CDP Italy 100 report, which includes the names of the companies entered in the CDLI, can be found on the web site www.cdp.net.
The Carbon Disclosure Project (CDP) is a non-profit international organisation which provides the only global system for companies and public administrations to measure, disclose, manage and share key environmental information. CDP takes advantage of the weight of market forces, including 722 institutional investors with assets worth 87,000 billion dollars, to collect information from companies on their greenhouse gas emissions, risk assessment and opportunities linked to climate changes and water. CDP holds the world’s largest collection of primary data concerning climate changes and leverages this information as a central part of its business strategies as well as its decisions and investment policies.
The Intesa Sanpaolo Group is the leading banking group in Italy, with 11.1 million customers and over 4,800 branches, and one of the main groups in Europe, and is the Italian leader in financial activities for households and enterprises, in particular banking intermediation (with a share of 15% of loans and 17% of deposits), asset management (23%), pension funds (24%) and factoring (32%). In addition, the Group has strategic territorial coverage thanks to its territorial subsidiaries and is one of the top banking groups in several countries in Central and Eastern Europe and in the Middle East and North Africa where it serves 8.4 million customers through a network of over 1,400 branches: it ranks first in Serbia, second in Croatia and Slovakia, third in Albania, fifth in Bosnia-Herzegovina, Egypt and Hungary, eighth in Slovenia. As at 30 September 2013, the Intesa Sanpaolo Group had total assets of 639,768 million euro, loans to customers for 349,671 million euro, direct deposits from banking business amounting to 363,310 million euro and direct deposits from insurance business and technical reserves amounting to 89,662 million euro.