Decarbonization strategies, Banca Ifis sets reduction targets for 2030

Banca Ifisin line with the commitments made in joining the Net-zero banking alliance (Nzba), the initiative promoted by the United Nations to accelerate the sustainable transition of the international banking sector, announces its emissions reduction targets financed by 2030 on the credit portfolio. Following the analysis of the priority sectors defined by the Nzba, Banca Ifis has identified 3 sectors, linked to the automotive world, which make it possible to cover more than 80% of the exposures and emissions financed, considered by the Nzba.



“The objectives that we communicate today – declared the vice president of Banca Ifis, Ernesto Fürstenberg Fassio – represent an important milestone in a process that began seven months ago with the presentation of the industrial plan and confirm the commitment made by joining, as the first Italian bank, the Net-Zero Banking Alliance, to contribute to the sustainable transition of the banking sector and our businesses “.

“It is a commitment that, in the current macro-economic scenario, with the energy and raw materials crisis, has an even more significant value. The Bank’s attention to financing virtuous companies allows us to already have a competitive advantage: Our starting point on the intensity of financed issues is, in fact, lower than the average of the major European banks. We will continue to periodically monitor the evolution of the portfolio and act, concretely to respect our commitments, also by developing dedicated products and services to support our companies in their path of innovation and growth ”concludes Fassio.

The targets that Banca Ifis aims to achieve by 2030 are: for the car leasing sector, the bank has a starting base of financed emissions of 130 gCO2e / km, with the aim of reaching 85 gCO2e / km in 2030; for the automotive manufacturers and distributors sector, the Bank has a starting base of financed emissions of 153 gCO2e / km, with the aim of reaching 85 gCO2e / km in 2030; for the Leasing Trucks sector, the Bank has a starting base of financed emissions of 52 gCO2e / tkm5, with the aim of reaching 37 gCO2e / tkm5 in 2030.

This new commitment is added to the numerous initiatives already launched by Banca Ifis to support sustainable mobility and the environmental transition of SMEs. In February of this year, thanks to an agreement with Stellantis, the Institute announced the renewal of the entire company fleet with the aim of adopting more than 50% of ecological vehicles within 4 years. With the ‘Ifis Green program, the Bank is committed to developing products and services that favor sustainable practices, such as the leasing of electric vehicles, of which the Bank is the leader in Italy with a market share of 15%. In addition, during 2021, the Bank introduced “green” financing products and programs and signed an agreement with the European Investment Bank (EIB) for a ceiling of 100 million euros in loans to support the green projects of SMEs. .

In all the offices and branches of Italy, the Bank also employs only energy from 100% renewable sources. Finally, Banca Ifis promotes a culture of corporate sustainability among SMEs through dedicated periodic analyzes and research. With Kaleidos Impact Watch, a six-monthly observatory with a focus on the business sector, the bank has created an ad hoc index to measure the intensity of investment in sustainability of SMEs.



Source-www.adnkronos.com