Reduce Environmental impact
We have already cut our greenhouse gas emissions by half since 2008.
We are on target to reach a 60% reduction by 2020 and an 80% reduction by 2030.
All electricity consumption in the bank's buildings in Italy, Germany and Austria will come from renewable energy sources by 2023.
Furthermore, we aim to be plastic free by 2023.
Environmental performance indicatorsOur Environmental Management System allows us to constantly monitor the Group's environmental performance, tracking progress against our main KPIs, fundamental for the planning and execution of our environmental strategy.
Initiatives and projects
It is important to focus our efforts, so we have selected the following initiatives and projects.
Every UniCredit team member is committed to protecting the environment: the entire UniCredit team is involved in specific initiatives for collecting ideas on what UniCredit can really do. These initiatives are overseen by the Millennial Board, which is working to implement the most tangible ideas proposed by our employees to contribute to a more sustainable future.
In order to achieve our goal to be plastic free by 2023, UniCredit is distributing re-usable metal drinking bottles across the Group. All single-use plastic in break areas and canteens will be removed from all UniCredit buildings by 2023. These actions will reduce plastic bottles used by approximately 7 million per year in Italy alone, saving about 500 tons of CO2.
One of our main initiatives to reduce energy consumption is making UniCredit's premises in Italy more energy-efficient by monitoring and managing our energy consumption such as the installation of centralised remote-controlled Heating, Ventilation, and Air Conditioning (HVAC) and our energy-efficient data centres.
We are continuing to promote smart solutions that enable remote meetings. Furthermore, a widespread adoption of flexible working solutions has been strategic for saving over 5 million km in employee commuter travel over the four years since their inception.
UniCredit is also reducing the use of paper by making greater use of digitalised processes and services. Our Centralised Document Dematerialisation (CDD) project aims to make handling branch documents more efficient and secure by developing a management process based on a new IT platform. This project is further supported by the FirmaMia tool, which our customers can use to digitally sign their routine in-branch documents.
At UniCredit, we have adopted a holistic, integrated approach to analysing all of our activities to ensure we understand and mitigate the effects of our procurement practices.
Our Group understands that it must take into account the inflows of material and energy consumed by our operations and commercial practices.
At UniCredit, procurement is based on sustainable models: suppliers must meet certain minimum sustainability requirements and are selected in compliance with the standards of various conventions of the International Labour Organisation relating to fundamental human rights including child labour, freedom of association, working conditions, health and safety.
Suppliers must also comply with the standards of our Environmental Policy. On the supplier level, these criteria are integrated into an overall supplier evaluation system.