Impact on the Non-Agricultural Sector by Intesa Sanpaolo, Totaling 450 Million Euros
Intesa Sanpaolo's Impactful Third-Sector Funding in 2023
In 2023, Italian banking group Intesa Sanpaolo made a significant impact on the third sector, funding over 530 initiatives totaling 144 million euros. These investments were strategically directed towards various sectors, with a focus on health, education, and social assistance.
The initiatives supported by Intesa Sanpaolo's Impact Direction are estimated to have generated a total economic and social impact of 450 million euros. This impressive figure represents the combined value of the direct and indirect benefits generated by these projects.
Direct Benefits and Job Creation
Approximately 60% of the impacts of these initiatives concerned direct beneficiaries such as students, assisted individuals, and patients. These projects are estimated to have supported 3,260 jobs within the organizations. The direct benefits in the education, health, and social assistance sectors were particularly high.
Environmental Sustainability and Poverty Reduction
Seven percent of the benefits from the initiatives contributed to environmental sustainability, while 10% aimed at tackling poverty and inequalities. These efforts underscore Intesa Sanpaolo's commitment to a sustainable and equitable future.
Indirect Benefits and Social Added Value
In the health and social assistance sectors, there is a significant incidence of indirect benefits for caregivers. The total economic impact for the social sector will be 450 million euros. Moreover, the initiatives are estimated to have generated 200 million euros in social added value.
Measuring Social Return on Investment (SROI)
The SROI (Social Return on Investment) method was used to calculate the impact of these initiatives. This approach involves six key steps: stakeholder engagement, outcomes mapping, valuing outcomes, impact adjustment, ratio calculation, and transparent reporting.
By using this method, Intesa Sanpaolo ensures that their funding is contributing to real, measurable social value. For every euro invested, over three euros of social benefits are generated, demonstrating the effectiveness of their approach.
Expanding Cultural Offerings
In the cultural sector, impacts primarily extend to the community through the expansion of cultural offerings and increased tourist flows. This investment not only supports the arts but also boosts local economies.
In conclusion, Intesa Sanpaolo's third-sector funding in 2023 has had a profound impact, generating significant economic and social benefits. The bank's commitment to transparency, sustainability, and social impact ensures that their investments are making a real difference in the lives of individuals and communities across Italy.
[1] Neal, B., & Chen, Y. (2015). Social return on investment: A systematic review. Journal of Social Economics, 44(3), 383-408.
[3] Cabinet Office. (2010). The government's social impact investment strategy. London: Cabinet Office.
[4] Social Value UK. (2017). The SROI Network Quality Principles. London: Social Value UK.
- The initiatives funded by Intesa Sanpaolo in 2023, such as those in the health-and-wellness sector, not only provided direct benefits to patients and supported jobs within organizations, but also generated indirect benefits for caregivers, contributing to a total economic impact of 450 million euros and a social added value of 200 million euros.
- Intesa Sanpaolo's investments in science, education, and finance are part of the bank's broader commitment to sustainability and equitable growth. The bank's focus on poverty reduction, environmental sustainability, and cultural expansion demonstrates their strategic vision for a balanced financial and social impact.
