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, Deputy Chairman of Banca Ifis

The roadmap

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.

Communication

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