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We have made clear commitments to support a just and fair transition and reduce the environmental impact of our operations
Our transition plan has defined our pathway to net zero and we have made consistent progress to cut our greenhouse gas emissions and support our clients to do the same.
We are also committed to protecting the environment by delivering sustainable financial solutions to our clients. In 2024 we published our Statement on Natural Capital and Biodiversity, which considers the circular economy as a key lever to enable us to reach our Net Zero targets, and we have also signed up to the Finance for Biodiversity Pledge (FfBP), committing to taking ambitious action on biodiversity to reverse nature loss in this decade.
Path to Net Zero
We are committed to reaching Net Zero on our own emissions by 2030 and we have been making tangible and consistent progress to cut our greenhouse gas emissions over the last few years through initiatives such as procuring our electricity from renewable sources and improving the energy-efficiency of our premises and data centres.
We are also committed to reaching Net Zero on our financed emission by 2050 - and in line with the Net Zero Banking Alliance guidance, we have outlined interim 2030 targets for seven of our most carbon-intensive client sectors, including an industry-leading phase out policy for coal, as we continue to embed ESG in our financing activities and implement our Net Zero transition plan.
Sustainable Finance
We play a strategic role in supporting our clients in their sustainability journeys, in particular through our Group ESG Advisory team.
The ESG Advisory team is multi-disciplinary team focused on helping clients integrate sustainability into their strategic decisions. This includes advising on stakeholder/ shareholder engagement and activism, access to capital, M&A, supply chains, climate impact guidance and ESG rating and reporting.
We strongly believe in the effectiveness of the sustainable finance market and its ability to channel investments to projects and activities with environmental and social sustainability benefits, and published Sustainability Bond Framework, which is an important tool for the implementation of UniCredit's ESG Strategy.
Natural Capital, biodiversity and circular economy
As a pan-European bank, we have a key role to play in protecting our planet's natural capital, providing the financing and economic evolution required to tackle climate change and biodiversity loss.
In 2024 we published our Statement on Natural Capital and Biodiversity, which represents UniCredit's first comprehensive Natural Capital Framework, in which biodiversity and climate issues are interconnected.
This framework considers the circular economy as a key lever for change and as a bank we actively contribute to the circular transition through finance / lending, advisory, synergies and partnerships and internal initiatives on resource efficiency and recycling. We are also a member of the Ellen MacArthur Foundation's international charity network to support our approach to accelerating the circular economy transition across our countries
UniCredit was also the first Italian bank to sign up to the Finance for Biodiversity Pledge (FfBP), calling for and committing to taking ambitious action on biodiversity to reverse nature loss in this decade through collaboration, engagement and assessing our own biodiversity impact.
Read the full statement here:
Environmental statement (2025 update - Italian only):
