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Climate change & emissions


As a signatory of the United Nations Environment Programme Finance Initiative (UNEP FI) Declaration on Climate Change in 2007, UniCredit pledged to deepen its understanding of the risks and opportunities of climate change. UniCredit’s participation in the draft Carbon Disclosure Project (an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world) sought to demonstrate the environmental risks encountered by large companies.  Our participation entailed a web-based questionnaire regarding our environmental management and the assignment of a company rating by the project.

In 2010, UniCredit obtained a score of 67 on Carbon Disclosure Score (quality of the  information provided) and a band A on Carbon Performance Bands (performance evaluation obtained), in an intermediate position.

CDP 2011 Investor CDP 2011 Information Request100kB

Environmental Sustainability Program

Environmental Sustainability Program

In 2008, UniCredit has launched the Environmental Sustainability Program (ESP), the result of an agreement with WWF Italy. After the agreement was extended internationally in partnership with WWF International. Today's agreement includes Italy, Germany, Poland, Slovakia, Bulgaria and Romania. UniCredit is a proud supporter of the World Wildlife Fund (WWF) and its many environmental conservation projects throughout Italy, including the OASIS system.  Our Group also supports WWF International’s research on climate change and sustainable development, and benefits from its expertise on how to integrate environmental sustainability into our business. 

 

Our partnership with WWF focuses on:

  • developing a climate change strategy that reduces internal and financed emissions
  • supporting policy development for environmentally sensitive topics
  • raising employee awareness of environmental protection

 

In order for a financial institution’s climate change strategy to succeed, it must address two key issues:

  • the reduction of internal emissions, especially those generated in daily operations, such as electricity, heating and travel
  • the institution’s responsibility for emissions generated by other organizations to whom they lend


Direct impacts

Are you interested in calculating your ecological footprint? If so, click here: 

wwf.panda.org/how_you_can_help/live_green/footprint_calculator/

This calculator was created by the World Wildlife Fund to help you understand your lifestyle’s impact on the environment and to illustrate how you can reduce your emissions.

 



To address the first issue, UniCredit plans to reduce its CO2 emissions by 30 percent by 2020, with a mid-term goal of a 15 percent reduction by 2012.  This will  support the EU energy goal – also known as “20-20-20” (+20 percent renewable energies, -20 percent CO2 emissions, +20 percent energy efficiency) – defined in the “Climate & Energy Package.”

 

UniCredit launched a financed emissions project to understand the future risks and opportunities that will affect businesses and the banking sector – accounting for an expected rise in the average world temperature of two degrees over the next 40 years – and to help avert the devastating consequences of climate change.





Updated on:
07.21.2011