In line with EU policies and regulatory interventions, we are committed to promoting an environmentally sustainable economy by controlling and gradually reducing the environmental footprint generated by our operations and by supporting and facilitating our customers in making environmentally sustainable choices.

from the Banco BPM Group’s Code of Ethics

We have adopted guidelines on the management of environmental, energy and climate change issues which represent an important tool for guiding all the Group’s activities to contain our environmental impact and formalise our commitment to stakeholders.

The growing awareness of the role of the banking system in addressing climate and environmental challenges has profoundly influenced our actions and strategic vision.

In fact, we believe that a commitment to environmental protection and combating climate change is a fundamental element in creating long-term sustainable value for our stakeholders and for the areas where we operate.

With regard to our direct environmental impact, we have long been committed to monitoring, managing and improving the efficiency of our energy consumption, with the aim of progressively reducing emissions and our environmental footprint. Having achieved Carbon Neutrality for Scope 1 and 2 emissions in 2023 and confirmed this result in 2024, in 2025 we continued our pathway to reduce direct energy consumption and operational emissions.

With regard to the indirect impacts generated through our financial intermediation activities, we aim to facilitate access to capital for green activities and for businesses undertaking a transition process. At the same time, we apply exclusion policies and a selective approach to sectors with high environmental risks.

Following its decision to join the Net Zero Banking Alliance (NZBA) in March 2023, Banco BPM developed its Net-Zero pathway, identifying five priority sectors and setting specific decarbonisation targets for 2030. The initiative’s subsequent evolution into an open methodological framework does not affect the targets communicated to the market, which Banco BPM continues to monitor in line with its objective of contributing to the achievement of net zero emissions by 2050.

It is possible to learn more about our commitment in this regard by consulting Banco BPM’s Transition Plans, published in May 2025.

We are working towards a progressive integration of climate and environmental risks and opportunities within lending policies and the overall risk management framework.

With regard to risk management, during 2025 we continued to integrate climate-related and environmental factors into the Risk Appetite Framework and credit management processes, in order to support the corporate bodies in assessing the impacts of ESG factors. In line with the exercises carried out in previous years, we also conducted analyses aimed at measuring our exposure to climate-related risks across key economic sectors and geographical areas and assessing their current impacts on the Bank’s credit risk profile.

Regarding lending policies, the lending policy guidelines underwent a significant review aimed at further integrating ESG assessment parameters.

We have developed a range of products and services to support our customers’ environmental initiatives.

For businesses, our product range includes solutions designed to support their environmental transition:

Unsecured corporate loan aligned with the EU Taxonomy – A financing product launched in 2023 to support investments by corporate customers aimed at increasing the alignment of their economic activities with the EU Taxonomy criteria;
Green Transition Approach – A financing solution launched in 2023 that enables businesses to implement their low-carbon investment plans in line with EU environmental objectives;
Unsecured loan with sustainability objectives – A product featuring an ESG clause that makes it possible to link the cost of financing to the achievement and/or maintenance of ESG KPIs.

For individuals, we aim to support energy efficiency improvements to properties through green mortgage solutions.

We want to grow while reducing the environmental impact of our operations. Every day, we are committed to developing solutions and processes that enable us to continuously improve our environmental performance, involving employees and suppliers in this shared challenge.

We have further strengthened our energy management activities by enhancing our Environmental and Energy Management Systems. We have also confirmed our commitment to using only electricity generated entirely from certified renewable sources.

We pay particular attention to the materials we use, especially those used most frequently, such as paper and toner, and are committed to reducing consumption and avoiding waste.