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Greening the present to decarbonise the future: an analysis of Italian banks' decarbonisation strategies

Author

Listed:
  • Cristina Angelico

    (Bank of Italy)

  • Valeria Lionetti

    (Bank of Italy)

  • Ludovico Ridi

    (Bank of Italy)

Abstract

This paper offers an overview of Italian credit institutions' current strategies supporting their longer-term decarbonisation commitments. It exploits detailed survey-based information on the objectives and strategies of large and smaller banks. According to the data, the Italian banking system is starting to set medium to long-term decarbonisation strategies, especially for credit portfolios, by evaluating borrowers' climate ambitions and supplying green lending products. Larger institutions lead this process, but small institutions are also moving forward on this front. Our evidence suggests that banks' efforts go beyond regulatory requirements as even institutions outside the scope of forthcoming regulations are considering setting decarbonisation objectives. By doing so, institutions will enhance their business resilience, ensuring they can withstand and adapt to the evolving risks and opportunities presented by climate change and the transition to a sustainable economy.

Suggested Citation

  • Cristina Angelico & Valeria Lionetti & Ludovico Ridi, 2025. "Greening the present to decarbonise the future: an analysis of Italian banks' decarbonisation strategies," Questioni di Economia e Finanza (Occasional Papers) 939, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_939_25
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    File URL: https://www.bancaditalia.it/pubblicazioni/qef/2025-0939/QEF_939_25.pdf
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    More about this item

    Keywords

    banking and finance; decarbonisation strategies; transition plans; regulation and supervision;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • K20 - Law and Economics - - Regulation and Business Law - - - General

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