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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

Scope 3 GHG emission reduction targets by category(1)

UoM

Type

Baseline(2) 

(year)

Target 2030

Leasing Auto

gCO2e/km

Reduction target

130

(2019)

85

Leasing Trucks

gCO2e/km

Reduction target

52(3)

(2020)

37

Automotive 

Manuf. and Distrib. 

gCO2e/km

Reduction target

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

About the Net-Zero Banking Alliance

The Net-Zero Banking Alliance was established as a global initiative to accelerate the sustainable transition of the banking sector. Today, it represent a voluntary framework that guides banks in aligning their portfolios with the goal of achieving net-zero emissions by 2050, in line with the Paris Agreement.

For further information

Find out more about the initiative

Press Release Net-Zero Banking Alliance