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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 and in 2020 our exposure to this sector was €6.1 bilion.


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



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.


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 20 January 2022.