On March 9, 2022, BPER Banca joined the Net-Zero Banking Alliance (NZBA).
In October 2025, the Alliance concluded its mandate, becoming a methodological reference ("climate guidance").
The Bank confirms its commitment to pursuing the 2050 climate neutrality objectives in line with the original methodological principles and criteria and in accordance with the EBA Guidelines on the management of environmental, social, and governance risks (EBA/GL/2025/01).
Within this framework, it defines and updates its intermediate portfolio decarbonization targets, monitoring their evolution through the indicators published in the Consolidated Sustainability Reporting and integrated into its Decarbonization Plan and Transition Plan.
BPER Banca has defined emissions reduction targets for 2030 for specific portfolio sectors, considering both exposures in the General Purpose and Banking Book Securities portfolios.
With the acquisition of the Banca Popolare di Sondrio Group, the Bank expanded the scope of reference for defining its objectives. For this reason, the baseline values have been recalculated using data updated as of December 31, 2025.
The updated targets are listed below:
- Electricity production: 36% reduction in emissions intensity of portfolio counterparties by 2030.
- Iron and steel: 29% reduction in emissions intensity at portfolio level in the sector by 2030.
- Commercial real estate: 51% reduction in emissions intensity at the financed property level by 2030.
- Oil and gas: 24% reduction in emissions intensity at portfolio level by 2030.
- Aluminum: 21% reduction in emissions intensity at portfolio level in the sector by 2030.
- Agriculture: 63% reduction in emissions intensity at portfolio level in the sector by 2030.
|
Sector (Considered scope)
|
Metrics
|
Baseline
|
2030 target
|
|---|---|---|---|
|
Power generation (1)
|
kgCO₂e/kWh
|
0,256 (2022)
|
0,165 (-36%)
|
|
Oil & Gas (1, 2, 3)
|
tCO₂e
|
464.315 (2022)
|
328.382 (-29%)
|
|
Aluminum (1, 2)
|
tCO₂e/€mln
|
460 (2023)
|
350 (-24%)
|
|
Iron & Steel (1, 2)
|
tCO₂e/€mln
|
275 (2023)
|
201 (-27%)
|
|
Commercial Real Estate* (-)
|
kgCO₂e/m²
|
36,8 (2023)
|
19 (-47%)
|
|
Residential Real Estate** (-)
|
kgCO₂e/m²
|
29,1 (2023)
|
-
|
|
Agricolture (1, 2)
|
tCO₂e/€mln
|
66,3 (2024)
|
24,5 (-63%)
|
*BPER recognizes its role in supporting corporate clients through financing sustainable properties and improving the energy efficiency of existing stock; however, the decarbonisation of the sector also depends on the actions of all parties involved, including the implementation of public policies to support the energy transition.
**The Group has decided, for the time being, to continue monitoring its portfolio but not to disclose a target that would not be achievable without effective public policies.
For the remaining sectors identified by the Alliance and not subject to pubblication, the following reasons are specified:
- Cement: due to its limited relevance in terms of exposure.
- Transport: due to its limited relevance in terms of exposure, as well as the reduced applicability of target-setting methodologies to the counterparties actually present in the Group's portfolio.
BPER's decarbonization plan for high-emissions sectors.
BPER Banca has published its "Decarbonization Plan for High-Emission Sectors," which describes the emissions reduction targets associated with the sectors identified as priority, the methodologies adopted to define them, and updates resulting from the evolution of the analysis scope. Following the acquisition of the Banca Popolare di Sondrio Group, the baseline values have been recalculated using data updated to December 31, 2025, to reflect the new scope. The updated decarbonization targets are reported in the 2025 Consolidated Sustainability Report. The Decarbonization Plan, including the action lines and related methodological updates, will be updated and published by the end of 2026.