Intesa Sanpaolo S.p.A. — Ethics Grade B-

Intesa Sanpaolo S.p.A. receives an overall ethics grade of B- (62/100) on CancelCo's corporate accountability database. Sector: Financial Services. Market cap: Large Cap.

Category scores

• labor: 70
• privacy: 80
• consumer: 55
• environment: 40
• humanRights: 65

Documented incidents (3)

• Fossil Fuel Financing (high, 2021) — Civil society groups documented billions in financing for oil and gas expansion, including Fracking and Arctic drilling projects. Despite net-zero pledges, the bank remained a top European financier of carbon-intensive industries.
• Anti-Money Laundering Fine (medium, 2020) — New York regulators fined the bank for significant failures in its anti-money laundering compliance programs. The failures included inadequate monitoring of transactions that could potentially involve illicit activities through its New York branch.
• Diamond Sales Controversy (medium, 2018) — The bank was involved in a scandal involving the sale of diamonds as investment products at inflated prices to retail clients. Investigations alleged misleading claims regarding the liquidity and long-term value of the stones.

Documented good deeds

• Social Impact Fund — The bank launched one of the largest ceiling funds in Europe dedicated to social lending and micro-credit for vulnerable communities and non-profits.

Ethical alternatives

• Triodos Bank — Exclusively finances projects that provide cultural, social, or environmental value.