Climate and environment

Direct impacts

We are committed to reducing our direct emissions to a minimum, which is why 100% of the electricity we use comes from renewable sources.

We have been offsetting our residual Scope 1 and Scope 2 (market) emissions since 2019.
Despite not having the extensive geographical reach of the large commercial banks, we have a significant local presence which compels us to take issues such as reducing consumption (of water and paper in particular) and waste treatment and management properly.

We also publish a Home-Office Commuting Plan, which is updated at regular intervals, promoting more sustainable mobility solutions and sharing them with our staff and external stakeholders.

^{* For named user accounts attributable to Mediobanca and its subsidiaries}
 

Indirect impacts

We are aware of the role that financial institutions can play to support the climate transition. For this reason we seek to align our loan and investment portfolios with the goal of achieving net-zero emissions before 2050, based on the Guidelines issued by the Net-Zero Banking Alliance, originally promoted by the United Nations (of which we became members in 2021), which was transformed from an alliance to a framework in November 2025.

We have set ourselves the objective of reducing the carbon intensity (tCO2/€m) of our loans by 2030,* setting specific targets for high carbon intensity sectors (such as Electricity Generation, Oil and Gas, Cement, Iron and Steel, Chemicals, Automotive, Air Transport and Shipping).

We have compiled a Climate Transition Plan, reporting on the progress made on an annual basis.

^{* CIB portfolio excluding Specialty Finance; reduction versus 31 December 2021.}