Intesa Sanpaolo, 450 million social impact with the third sector
The bank, together with Prometeia, calculated the value of more than 530 initiatives supported with EUR 144 million
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The economic impact for the social sector generated by more than 530 third-sector initiatives financed by Intesa Sanpaolo in 2023 amounts to EUR 450 million. The figure emerges from the Report - prepared by the bank together with Prometeia - on the social impact generated by the initiatives supported in 2023 by the Impact Department, which aims to enhance the contribution of the Third Sector.
How is the impact calculated?
.Through the Sroi (Social Return on Investment)1 method, it is shown that for every euro invested, more than 3 euros of social benefits are generated: in fact, the economic impact for the social will be 450 million euros that will support 3,260 employees within the organisations and generate 200 million euros of social added value.
Education, health and poverty
34% of benefits contribute to quality education, 33% to health and well-being, 10% to tackling poverty and inequality, and 7% to environmental sustainability. Sixty per cent of the impacts are on direct beneficiaries such as students, carers and patients. Forty per cent extend to the whole community.
In areas such as health and social care, there is also a high incidence of indirect benefits, particularly for caregivers. In the cultural sector, the impacts mainly extend to the community, through the expansion of cultural offerings and increased tourist flows.
Direct Benefits
.In particular, education and health have a particularly high proportion of direct benefits:
