UniCredit's evolving ESG Strategy supports our purpose of empowering communities to progress

We lead by example, which is why ESG (Environmental, Social and Governance) is at the heart of our strategic framework. Our purpose is guided by three principles:

• Holding ourselves to the highest possible standards to do the right thing by our clients and our communities.
• Being fully committed to playing our part in supporting our clients in a just and fair transition.
• Respecting and balancing the perspectives and priorities of all our stakeholders throughout our business and decision-making.

We are focusing on ESG where it matters by:
 

Thanks to our strong foundations, we have continued to make progress on our Environmental, Social and Governance (ESG) KPIs and our ambition to become a Net Zero bank. You can access our recent Annual Reports and Accounts, including our Sustainability Statements for more details here. 

Our ESG business targets

In 2024 we updated our ESG penetration targets on total business volumes for 2025-2027 (to be achieved each year): 15% ESG lending, 15% Sustainable bonds, 50% ESG investment products.

For further information on our progress please refer to our Fixed Income & ESG Presentation.

Overview: Stakeholder Engagement

Listening to our stakeholders to strategically map and measure their interests, with regular investment in an effective engagement and feedback process, is fundamental to our bank's sustainability and business activities.

We strive to understand our stakeholders' expectations, as they contribute to much more than our financial success, and we are committed to providing our clients with support in the energy transition.

Every year, we conduct a materiality analysis to identify key stakeholder issues, including business impacts, risks, and opportunities (IROs) across ESG matters. In 2024, we performed our first Double Materiality Analysis (DMA), considering both impact and financial materiality to gain a comprehensive ESG perspective.
 

ESG Day: engaging our employees and clients

Our ESG Strategy is more than a framework; it is a commitment to active engagement. Through ESG Day, our flagship sustainability event, we bring together employees, clients and external experts to discuss key ESG topics, share insights and explore practical solutions.

This has helped foster greater awareness across UniCredit of key sustainability challenges and opportunities, supporting the integration of ESG considerations into everyday decision-making. Alongside this it has supported knowledge sharing and reinforced our role as a trusted partner in our clients' transition journeys.

Find out more about ESG Day

Our Sustainability Statements and Double Materiality Assessment

Under the Corporate Sustainability Reporting Directive (CSRD), we continue to shape and strengthen the way we understand, manage and communicate our sustainability performance as a pan-European banking group supporting the real economy.

Building on the robust foundations laid in 2024, we have further refined our Sustainability Statements to reflect deeper integration of the European Sustainability Reporting Standards (ESRS) into our business processes, risk management frameworks and strategic planning across our activities and value chain.

This is alongside advancing the maturity of our Double Materiality Assessment, enhancing both the granularity and the clarity of disclosure of our analysis of impact, risk, and opportunities. This process confirmed the continued relevance of our core sustainability priorities, while enabling targeted refinements to reflect evolving regulatory expectations, stakeholder perspectives and risk dynamics.

The Sustainability Statements set out in detail the outcomes of this process and the related disclosures prepared in accordance with the ESRS. Read more here.