No. 939 - Greening the present to decarbonise the future: an analysis of Italian banks' decarbonisation strategies
The analysis explores the long-term decarbonisation goals of Italian banks and discusses the strategies Italian banks are adopting or plan to adopt to reduce emissions from their activities, including their credit portfolios. It exploits a survey conducted in 2024 (on 2023 data) with a sample of intermediaries representing 80 percent of the total assets in the Italian banking system.
Most banks, including smaller ones, have adopted or intend to adopt long-term decarbonisation goals, primarily for corporate activities and their credit portfolios. Among the strategies considered for loans, the development of "green" banking products (i.e. mortgages for purchasing high energy-efficient buildings) to help borrowers reduced their emissions and the inclusion of counterparties' decarbonisation goals in creditworthiness assessments predominate.
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