We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Massimo Mocio is on the board of AFME
Massimo Mocio (Head of Global Markets & Investment Banking, Deputy Chief of IMI Corporate & Investment Banking Division, Intesa)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Massimo Mocio is on the board of AFME
Massimo Mocio (General Manager, Banca IMI)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Massimo Mocio is on the board of AFME
Massimo Mocio (Head of Global Markets & Investment Banking, Deputy Chief of IMI Corporate & Investment Banking Division, Intesa)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Massimo Mocio is on the board of AFME
Massimo Mocio (General Manager, Banca IMI)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of October 2022, Intesa Sanpaolo is a member of the French Banking Federation which is a national association member of EBF
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of October 2022, Intesa Sanpaolo is a member of the French Banking Federation which is a national association member of EBF
not specified
--no extract--
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Open PDF file of Data Source
Intesa Sanpaolo appears to have had broadly positive engagement on sustainable finance policy. Intesa Sanpaolo has stated support for a role for finance in tackling climate change and, in a media article, subsidiary Eurizon supported reform to address short-termism in markets. Intesa Sanpaolo has also joined the Net Zero Asset Owner Alliance (NZAOA) and the Net Zero Insurance Alliance (NZIA), as well as the Net-Zero Banking Alliance (NZBA), which advocate for the role of asset owners, the insurance sector and the banking sector, respectively, in reaching the goal of net-zero by 2050.
On its website, Intesa Sanpaolo disclosed that it was engaging on the taxonomy through EBF and AFME working groups, but did not state a position. However, in its 2019-2021 CDP responses, Intesa Sanpaolo stated support for the taxonomy, the EU's climate benchmarks, the EU Green Bond Standard and the Sustainable Finance Disclosures Regulation (SFDR). It also supported the integration of ESG factors into risk management and the EU’s Non-Financial Reporting Directive (NFRD).
In feedback to the Commission in 2020, Intesa Sanpaolo supported the EU Taxonomy but opposed its expansion to cover environmentally harmful activities. It also stated support for the verification for the EU Green Bond Standard and for some of the Commission's suggestions for new ESG labels (e.g. EU label for investment funds and standards for sustainability-linked bonds) but not others (EU ESG Benchmark). It did appear to support incorporating adverse sustainability impacts into investor duties.
On its website, Intesa Sanpaolo has a disclosure of policies it is following and its engagement activities, but does not clearly disclose outcomes sought. Intesa Sanpaolo has also disclosed information on its trade group memberships and how it can shape their positions, but with no details of outcomes sought.