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Intesa Sanpaolo: social credit increased tenfold in 2020

Last year, the group disbursed almost 32 billion in credit just to deal with the Covid emergency – Intesa is also the "first lender of the social economy"

Intesa Sanpaolo: social credit increased tenfold in 2020

New credit with a high social impact tenfold to 37,2 billion (of which 31,9 to deal with the Covid emergency), against 3,8 billion in 2019 and out of a total of 87 billion disbursed last year. This is the most significant data of the "2020 Consolidated Non-Financial Statement" presented on Wednesday by Intesa Sanpaolo, a document that measures the group's performance in terms of sustainability and 2020 results, also using some quantitative indicators.

During the year - Intesa reports - the ESG control room was set up to support the Management Committee, with the appointment of Sustainability Managers in each Area and Division to strengthen the strategic proposition and coordinate all sustainability initiatives.

The Bank then underlines that it has distinguished itself as "first financier of the social economy: more than 470 million to the Third Sector” against 205 in 2019.

In terms of employment, Intesa has worked three thousand hires in the world, of which 800 in Italy.

As for the sustainable investments, the group holds a 23% market share (30,4% with Ubi) for SRI fund assets in Italy. And net inflows increased to 8,4 billion: more than four times the two billion in 2019;

Intesa also speaks of an acceleration of the environmental transition: over 2,5 billion in Green and Circular Economy loans, down from 2,2 in 2019, and a significant reduction in the Group's CO2 emissions (-13,1% compared to 2019, - approximately 60% since 2008).

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