Reduce Environmental impact
We have already cut our greenhouse gas emissions by more than half since 2008.
In 2020 we reached our target of 60% reduction and we are on track to achieve the 80% of reduction by 2030.
All electricity consumption in the bank's buildings in Italy, Germany and Austria will come from renewable energy sources by 2023.
We already achieved this target in Italy and Germany and we are on track in Austria.
Initiatives and projects
It is important to focus our efforts, so we have selected the following initiatives and projects.
UniCredit has partnered with Treedom to create the UniCredit Forest, consisting of more than 90,000 new trees, contributing to reduce the global CO2 by about 20,500,000 kg. All UniCredit employees will have the opportunity to plant their own tree, as part of the UniCredit forest.
In order to achieve our goal to be plastic free by 2023, UniCredit is continuing to distribute 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.
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; for instance, in 2020, where possible, during the covid-19 lockdown, thanks to the centralised remote-controlled Heating, Ventilation, and Air Conditioning (HVAC) systems we were able to optimize the building energy consumption based on real building occupancy, switching off systems in temporally closed branches, avoiding about 1,800 GJ of unnecessary energy consumption, equal to about 170 tons of CO2 emissions, compared to 2019.
We are continuing to promote smart solutions that enable remote meetings, especially during the 2020 emergency situation, in order to ensure our employees' health and safety. 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 Paperless project aims to make handling branch documents more efficient and secure by developing a management process based on a new IT platform, and allowing our customers 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.