Intesa Sanpaolo SpA (2025)

Intesa Sanpaolo implemented the management of EP framework by issuing, in 2020, the “Rules Concerning the Equator Principles”, that are applied by all the group ISP (included subsidiaries). In these rules are defined roles and responsibilities of every internal function/department that is involved in the process of EP application. Particularly the Enterprise Risk Management Head Office Department is in charge of reviewing and monitoring the application of the EPs, for example by verifying and if necessary supplementing/amending Project assessment activities carried out by the Desk/Business entities in particular with reference to the applicability of the EPs, the category assigned and applicable standards and providing its own specialist contribution to the Business functions, based on its areas of responsibility, if the Bank acts as ECA Coordinator/Agent. The Product Desk/Business Entities are in charge of checking whether the Project, based on its characteristics, comes under the scope of the EPs, indicating, where available, the project risk category (A, B or C), and the applicable standards depending on the project country, of collecting information about the project included the assignation of environmental and social due diligence to the independent consultant, in cases contemplated by regulations, and supplementing the environmental and social covenants in loan documentation, and notifying the Financial Close to the function monitoring the implementation of the EPs.

The EP framework is applied in the credit process, and it is mandatory for the decision making body to verify and obtain a specific assessment issued by the “ESG and Reputational Risk” office (being part of Enterprise Risk Management) on the specific transaction that is under examination. This assessment is requested by the business entity that originates the transaction. The scope of the assessment is to verify if every requirements for the applying of EP framework is observed and to associate to the transaction a risk level that is related to the Environmental and Social impacts of the project, included the condition indicated by the ESAP when defined.