We aim to attract, retain and motivate a highly qualified, diverse, global workforce capable of creating a competitive advantage and to reward those who reflect our standards of consistently ethical behavior in conducting sustainable business. By upholding the behaviors and Values which drive our Group mission, our compensation strategy represents a key enabler to enhance and protect our reputation and to create long-term value for all Group stakeholders.
The UniCredit compensation approach is performance-oriented, market-aware and aligned with business strategy and stakeholder interests, ensuring the competitiveness and effectiveness of remuneration as well as transparency and internal equity.
The Pillars of our Compensation Approach
- Clear and transparent governance
Efficient corporate and organizational governance structures are an essential prerequisite for the pursuit of our company’s objectives. UniCredit has defined clear and rigorous governance and rules in order to establish coherence and transparency also with specific reference to compensation.
- Compliance with regulatory requirements & principles of good business conduct
Compliance with laws, rules and regulations and integrity in conduct and behaviors are essential elements of our way of doing business, which by its very nature is based on trust. By fully complying not just with the letter but also with the spirit of relevant legal and regulatory requirements, we protect and enhance our company reputation in the short and long term.
- Continuous monitoring of market trends & practices
We strive to adopt remuneration practices capable of guaranteeing distinctive and effective compensation solutions that best drive our overall business and people strategies. Our continuous monitoring of market trends and awareness of practices at international level contributes to sound formulation of competitive compensation as well as transparency and internal equity.
- Sustainable pay for sustainable performance
Our Group’s greatest strength is our commitment to our stakeholders, our core values and sustainability in everything we do. Our approach to establishing how much we pay and what results and behaviors we reward assures that all incentive systems contribute to the sustainability of the Group by aligning individual goals and behaviors to our common long term mission.
- Motivation and retention of employees, with particular focus on talents and mission-critical resources
We aim to motivate and retain the best resources capable of achieving our company mission in adherence to our Group values. Effective compensation and benefits strategies are a key driver to positively reinforce employee commitment, engagement and alignment with organizational goals.
