Banca d'Italia details 2025 sustainability efforts

The report highlights Banca d'Italia's commitment to sustainable investments, detailing the carbon and energy intensity of its equity, corporate bond, and government securities portfolios.

For euro and foreign currency equity portfolios, weighted average carbon intensity stood at 93.4 tCO2eq per million euro of turnover in 2025, a 59.4 percent reduction from 2019 levels.

Companies with certified decarbonization commitments represented 78.3 percent of the equity portfolio.

The euro-denominated corporate bond portfolio showed a weighted average carbon intensity of 52.1 tCO2eq per million euro of turnover, with green corporate bonds making up 3.1 percent.

Government securities in euro had a weighted average carbon intensity of 114.9 tCO2eq per million euro of GDP, with green government bonds at 5.8 percent.

Methodological notes confirm the use of European Sustainability Reporting Standards (ESRS) and specific indicators (E-S, S-S, G-S) for enhanced transparency, with data sourced from ISS STOXX, LSEG, and Bloomberg.

Banca d'Italia's ecological footprint analysis for 2025 reveals a total energy consumption of 102,840 MWh, a decrease of 3,513 MWh from 2024.

Fossil fuel sources accounted for 31 percent of total energy, while renewables contributed 67 percent.

Total gross Scope 1 greenhouse gas emissions reached 7,780 tCO2eq, an increase of 392 tCO2eq, primarily due to fluorinated gas losses.

Market-based Scope 2 emissions were 352 tCO2eq, while location-based Scope 2 emissions were significantly higher at 18,185 tCO2eq.

Total Scope 3 emissions amounted to 66,265 tCO2eq, with purchased goods and services being the largest contributor.

The report also details business travel, with 15,366 thousand km traveled, and a reduction in carbon credits purchased and cancelled from 23,557 tCO2eq in 2024 to zero in 2025.