Milan, 11 June 2025 - Climate consultancy Carbonsink, part of world leading carbon asset developer South Pole, is supporting Italy's largest bank Intesa Sanpaolo to launch a new initiative, CO₂ Mitigation Solutions, dedicated to companies and improving their sustainability efforts and competitiveness on the market.
The new programme is supported by a custom digital tool designed by Carbonsink to help small and medium-sized enterprises (SMEs) of the bank's portfolio measure carbon emissions, define a multi-year CO₂ emission reduction pathway consistent with science-based scenarios (GHG protocol), take concrete action based on a set of proposals for industrial decarbonisation measures, and provide financial support for international climate change mitigation projects.
The initiative highlights a wider trend to sustainable finance by equipping corporate clients with the tools and guidance to act on and communicate climate commitments.
Financial institutions are increasingly focusing on supporting the decarbonisation path of portfolio companies - reducing their exposure to climate risks and positioning themselves as long-term sustainable investors, as noted in South Pole's recent Net Zero Report. Results showed that across Europe (including Italy) 78% of financial institutions admit they find portfolio companies more attractive with climate transition plans.
On top of this, 44% of them plan to increase exposure to companies with climate transition plans or net zero strategies over the next 10 years. These figures highlight that supporting the transition of clients is essential for financial institutions to achieve real emissions reductions and manage climate risk.
Andrea Maggiani, Founder of Carbonsink, said "We are proud to combine Carbonsink's climate expertise with Intesa Sanpaolo's vision, demonstrating how innovation in consulting can accelerate banks' climate action to make an impact on their portfolio. With CO₂ Mitigation Solutions, member companies will be supported to embark on journeys to improve their sustainability efforts thanks to innovative digital technology - a key step towards achieving corporate and international climate goals".
This kind of initiatives show how financial institutions can move from ambition to action by helping decarbonise the businesses they finance, and building long-term value for a net-zero future.
ENDS
Media contact:
media@southpole.com
Notes to editor:
Carbonsink is an Italian climate consultancy with over ten years of experience in developing decarbonisation and climate risk management strategies for companies. Carbonsink provides strategic and customised consultancy in the fields of carbon management and net-zero strategy acting as a trusted partner and advisor to leading businesses on their decarbonisation journeys.
In line with its mission to deliver true climate impact for all, Carbonsink has used the power of markets to help channel climate finance to certified climate projects to accelerate low-carbon transformations across several sectors, and provide measurable benefits to communities vulnerable to climate change.
Since 2022 Carbonsink is part of world leading carbon asset developer South Pole, making the world's largest group for climate solutions and projects.
For more information, visit www.carbonsink.it or LinkedIn.
Sustainability is fundamental to the financial industry's future.
