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Racing to zero

We are the first Italian challenger bank to join the Net-Zero Banking Alliance (NZBA), the initiative promoted by the United Nations aiming to speed up the sustainable transition of the international banking segment committed to achieve net-zero emissions by 2050.

Joining the Net-Zero Banking Alliance is part of the long-term ESG strategy that the Bank is pursuing, firmly convinced that sustainability, in all its dimensions, and business development, must be fully integrated and complementary.

Ernesto Fürstenberg Fassio, Chairman of Banca Ifis
Our targets

High emission sectors 1

Emission Scope 

Metrics

Baseline2 

(anno)

Target 2030

Leasing Auto

Scope 1 e Scope 2 

gCO2e/km

130

(2019)

85

Leasing Trucks

Scope 1 e Scope 2 

gCO2e/tkm

52

(2020)3

37

Automotive 

Manuf. and Distrib. 

Scope 3

gCO2e/km

153

(2019)

85

1.Sectors outlined by the Net-Zero Banking Alliance with IEA Net-Zero 2050 reference scenario
2. Portfolio composition as at 31.03.2022, latest available emission data
3. Issue data as at 2020 for application of EU Regulation 2019/1242 on HGV emission targets

Our manifesto

Transforming words into actions

We need a change. And we need it now. Together with our SME clients, we want to build a more sustainable and inclusive future. Joining the Net-Zero Banking Alliance is part of our commitment to helping society make this change.

Initiatives launched by Banca Ifis to support the sustainable transition of SMEs

Goals

Set, within 18 months of signing, the targets for reducing emissions by 2050 and intermediate targets by 2030.

Priorities

Prioritize areas of most significant impact, i.e. the most greenhouse gas-intensive and emitting sectors.

Comunication

Disclose progress as part of a transition strategy approved by the Board of Directors.

Results

Annually publish emissions values.

About the Net-Zero Banking Alliance

The industry-led, UN-convened Net-Zero Banking Alliance brings together over 75 banks representing over a third of global banking assets, which are committed to aligning their lending and investment portfolios with net-zero emissions by 2050. Combining near-term action with accountability, this ambitious commitment sees banks setting an intermediate target for 2030 or sooner, using robust, science-based guidelines.

For further information

Find out more about the initiative

Press Release Net-Zero Banking Alliance