Intesa Sanpaolo
IITSF
Financials
2
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Intesa Sanpaolo, Italy's largest bank, was fined EUR 18 million in 2026 for illicit processing of customer data. The bank has also faced NY DFS consent orders and securities fraud litigation in U.S. courts.
Intesa Sanpaolo is a major European financial institution that provides significant financing to the fossil fuel industry. According to the Banking on Climate Chaos 2024 report, the bank provided over $9 billion in financing to fossil fuel companies between 2016 and 2023. This capital supports the development and expansion of fossil fuel infrastructure, including upstream oil and gas extraction projects. The bank's financing activities are a core ancillary service that enables fossil fuel operators to maintain and grow their operations.
Research Sources
1 organization
Related Exclusions
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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