2024 SDGs Report, Climate Report and Responsible Banking Progress Statement

22 April 2025

In 2024, the Intesa Sanpaolo Group enriched its integrated set of voluntary sustainability reporting by introducing the SDGs Report for the first year, in addition to the Climate Report (now in its fourth edition) and the Responsible Banking Progress Statement, previously called PRB Report and dedicated to reporting on the progress achieved with respect to the 6 Principles for Responsible Banking.

Intesa Sanpaolo is a signatory of the Global Compact and supports the Sustainable Development Goals (SDGs) of the United Nations 2030 Agenda. In particular, the objectives of the 2022-2025 Business Plan relating to ESG and sustainability issues are closely linked to some Sustainable Development Goals.

The Group has so far reported on its commitment and contribution to the SDGs in a dedicated section of the Consolidated Non-financial Statement.

Starting from this year and in order to ensure continuity of disclosure to the market and stakeholders, Intesa Sanpaolo has developed a voluntary stand-alone sustainability document - the SDGs Report - which reports the Group's contribution to supporting the United Nations Sustainable Development Goals and enhances the commitment to ESG issues in terms of targets, actions, initiatives and results that contribute to the SDGs.

The report is the result of the collaboration of the entire Group, thanks to the role of the Sustainability Managers and the contact persons identified in the various structures. It is subject to limited assurance by EY.

The Climate Report is the document that reports on climate information, it was created in continuity with the 2023 edition, following the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)*. The report, from 2022, includes the transition plan on the sectors subject to decarbonization targets with a description that is even more extensive  this year. Finally, the "Target Setting on Lending Activities: Annual Reporting of Estimated Emissions" section, included in the Metrics & targets chapter, is subject to limited assurance by EY.

Key findings from these reports include:

• €20.4bn of social lending disbursed in the period 2022-2024, out of a target of €25bn over the entire period of the Plan;
• €9bn of green mortgages disbursed in the period 2022-2024, out of a target of €12bn over the entire 2022-2025 Business Plan;
• €12.6bn of loans disbursed in the period 2022-2024 out of the €8bn Plafond dedicated to the Circular Economy;
• set decarbonisation targets for the Residential Real Estate, Agriculture-Primary Farming, Cement and Aluminium sectors, completing the definition of the 2030 targets in the sectors with the highest emissions indicated by the Net Zero Banking Alliance, in addition to those already published in previous years (Oil & Gas, Power Generation, Automotive, Coal Mining, Iron and Steel, Commercial Real Estate);
• overall reduction of 16%, compared to 2023, in absolute financed emissions in the target sectors;
• 92.8% of renewable energy purchased by the Group in 2024;
• published the Rules on biodiversity and nature;
• further strengthening of the offer of sustainability-conscious investment products, with a 76% penetration in Eurizon of asset management products (Articles 8 and 9 of the Sustainable Finance Disclosure Regulation - SFDR), out of the total Assets under Management;
• 646 innovation projects launched in the period 2022-2024, out of a target of 800 over the period of the Business Plan;
• the Business Plan target relating to the interventions of the Food and Shelter for the Needy programme has already been exceeded with 54.1 million interventions from 2022, out of a target of 50 million interventions;
• 754,000 visitors to the Gallerie d'Italia during 2024, of which 131,000 children and teenagers;
• 6,900 Group people involved in the upskilling/reskilling plan, in the period 2022-2024, aimed at improving skills and professional retraining;
• 975 Group people enrolled in Future Leaders talent management programs in the period 2022-2024;
• 40.7 million hours of training provided in the period 2022-2024

*With the publication of the 2023 Status Report, the TCFD completed its mandate and dissolved. As a result, the IFRS Foundation has taken responsibility for monitoring companies' progress in terms of disclosing climate information.