The 2024 Banking on Climate Chaos report showed that Intesa Sanpaolo provided US$ 47.281 Billion in financing to the fossil fuel industry between 2016 and 2023. In 2023 only, Intesa Sanpaolo provided US$ 4.168 Billion for oil, gas and coal companies expanding fossil fuels. 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.

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Intesa Sanpaolo’s fossil fuel policy below.

BankTrack assessed Intesa Sanpaolo in its 2024 Global Human Rights Benchmark, where it achieved 6 points out of 15 and was ranked as a “follower”.

The bank scored 0 out of 3 points on the new “specific rights indicators”, which assess how banks address human rights defenders, Indigenous Peoples’ right to Free, Prior and Informed Consent and environmental rights in their policies and practices.

In addition, Intesa Sanpaolo scored 0.17 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.

The table below shows BankTrack's assessment of how Intesa Sanpaolo has implemented the UN Guiding Principles on Business and Human Rights. Please click on 'expand all details' and 'explanation' for further information on the methodology.

Our policy assessments are always a work in progress. We very much welcome any feedback, especially from banks included in the assessments. Please get in touch at humanrights@banktrack.org.

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.

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.

Partner organisation Reclaim Finance’s 2023 report on metallurgical coal financing showed that Intesa Sanpaolo provided US$ 1.3 billion in loans and underwriting to developers of new metallurgical coal between 2016 and 2022. Find further details on Intesa Sanpaolo’s metallurgical coal financing and and how it compares to other large banks globally in the report.

Reclaim Finance tracks the metallurgical coal policies of financial institutions, including banks, in their Coal Policy Tool. BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Intesa Sanpaolo’s metallurgical coal policy below.

According to a report by Reclaim Finance, between 2016 and June 2023, Intesa Sanpaolo provided $2.7 billion in finance to the fossil-steel industry, making it the 48th largest financier worldwide. Find further details on Intesa Sanpaolo's steel financing and how it compares to other large banks globally in the report.