Intesa is the largest Italian banking group and it has recently been listed in the top 30 of the world's 100 largest banks. Intesa Sanpaolo affirms its role as a sustainable bank at the service of local communities and, in January 2020, in the context of the European Green Deal, the group stated its willingness to make available 50-billion-euro loans in the coming years in Italy. The other side of the coin, however, is that Intesa financed the fossil fuel industry for a total of € 5.4 billion in 2020: 2.7 in loans and 2.7 in investments. The group has one of the weakest coal policies in Europe, characterized by an unacceptable double standard between OECD and non-OECD countries as well as by the possibility to provide loans to companies that intend to build new coal power plants. Furthermore, the bank does not provide any limitation on financing and investments in the oil&gas sector. For these reasons, Intesa Sanpaolo can be addressed as the top fossil bank in Italy.

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