Share this event on:

  • LinkedIn

Recomend this page

Thank you, we sent your recommendation to the desired recipient.

Sorry, this functionality is not available right now.
Please try with this link. Thank you.

Climate change

Assessing and disclosing climate-related risks and opportunities


Support the transition to a low carbon economy 

We continue to invest in renewable energy sources.

INFO_NaturalCapital_ENG

In Team 23, our strategic plan, we have committed to increasing our exposure to the renewable energy sector by 25% by 2023 (to greater than €9 billion).

 

INFO_GestioneRischioCompliance_ENG

UniCredit has committed to fully exiting thermal coal mining projects by 2023. Our updated Coal Sector Policy prohibits lending to new projects in thermal coal mining and coal fired power generation. We have also set strong commitments in terms of reducing reliance on coal for corporate finance customers.

 

 

We developed a new Oil and Gas (O&G) policy which covers the Arctic area, prohibiting the financing of new projects in Arctic oil and offshore Arctic gas. It also prohibits shale oil and gas and related fracking, tar sands oil, and deep-sea mining O&G. Corporate financing for clients active in these areas will only be allowed if their share of revenues from non-supported activities is under 25%.

 

 

We will not support companies involved in the deforestation of rainforests. We aim to ensure that our activity does not favour deforestation or forest degradation, unless properly mitigated.

 

 

Energy efficiency loans to customers will increase in Western Europe by 34% for SMEs and by 25% for individuals. The new origination of energy efficiency loans in CEE will represent over 6% of total loans.

 

 

UniCredit has been active in sustainable finance since 2007 and is currently among the Top 10 banks in ESG-linked loans. We aim to achieve Top 5 league table position in EMEA combined Green Bonds and ESG-linked loans through the support of the Sustainable Finance Advisory Team.

 

 

Sustainability governance

Our Sustainability Policies

Updated on 25 March 2019.