There is only one Italian bank present at the Sharm El-Sheikh Climate Conference and is Intesa Sanpaolo, for which he spoke today Mauro Micillo, Chief of IMI Corporate & Investment Banking Division of the Intesa Sanpaolo Group, who participated in the roundtable entitled “Making climate commitments into banks' activities. Strategy and role of regulators” scheduled today within the programme COP27.
COP27: CLIMATE CHANGE CHALLENGES BANKS TO CONTINUOUS ADAPTATION OF THEIR BUSINESS
during his speech Micillus wanted to underline how “the challenge posed to the banks by the big ongoing changes in the climate is that of a continuous adaptation of the business model to the evolutions in the field of sustainability. Intesa Sanpaolo is strongly committed to supporting its customers with concrete solutions based on experience, expertise and innovation; essential elements of our DNA”.
Intesa Sanpaolo has paid great attention to supporting the sustainable transition, resulting in the first bank for ESG in Italy: “Intesa Sanpaolo's IMI CIB Division, in particular, is dedicating great attention to supporting the sustainable transition of its customers, through a ESG platform specialized. The market has shown a significant increase in the last 3 years: from September 2019 to September 2022, globally, ESG loans have grown with a CAGR of 80% and ESG bonds have followed a similar path with a growth of 49 %".
INTESA SANPAOLO: GREAT COMMITMENT TO SUSTAINABILITY AND THE CIRCULAR ECONOMY
Closing the intervention Micillus expressed himself as “very proud of the decisive actions taken by the Intesa Sanpaolo Group in the field of sustainability, which has already been in place for many years with the vision of a leading bank. Intesa Sanpaolomoreover, it has been involved in the Circular Economy for a long time; already in January 2016, in fact, we became - the first financial institution in the world - Strategic Partner of the Ellen MacArthur Foundation, the main promoter of the global transition towards the Circular Economy".
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