(Tiper Stock Exchange) – BPM desk adheres to the Net-Zero Banking Alliance (NZBA), the initiative promoted by the United Nations to accelerate the transition
sustainable banking system through the commitment of the participants to align their loan and investment portfolios with the achievement of thegoal of net zero emissions by 2050in line with the targets set by theParis Agreement on the climate.
Membership of the Alliance is one of the objectives stated in 2021-2024 Strategic Plan and, for Banco BPM, already a supporter of the “Task Force on Climate-Related Financial Disclosure”, it represents a further important step in the fight against climate change, in addition to the other commitments undertaken which include, in addition to the zeroing of its net Scope 1 and 2 emissions , support for companies operating in emission-prone sectors to make the investments necessary for the transition.
Membership in the NZBA takes place following a careful analysis and evaluation, which led to the identification of 5 priority sectors (oil & gas, power generation, cement, automotive, coal) for the communication of targets 18 months after joining.
Giuseppe Castagna, Chief Executive Officer of Banco BPM he said: “We intend to continue resolutely in the process of transitioning to a low-carbon and environmentally friendly economy. For us, improving our direct and indirect impact on the environment means making a further leap in quality and help build, together with our customers, a new model of sustainable economic development”.