Our sustainability governance
A clear and solid governance is key to achieving our ambitious sustainability strategy
At UniCredit, the Board of Directors approves the Group strategy.
In support of the Board, Corporate Governance, Nomination and Sustainability Committee (CGN&S) is also responsible for supervising sustainability topics within our Group.
CGN&S plays a key role in ensuring that sustainability is fully embedded in the Group's business strategy as an important component of the business model.
The Committee also supervises ethics matters, supported in this task by the Chief Ethics Officer who is in charge of fostering a Do the right thing! culture with all stakeholders, as well as providing Group guidelines on ethical topics.
The Committee monitors the evolution of sustainability, in accordance with international guidelines and principles, monitoring the Group's performance whilst proactively aligning with stakeholders.
At executive level, the Executive Management Committee, chaired by the Group CEO, defines the Group business strategies. A subgroup of the EMC members forms a dedicated Taskforce on ESG strategy. The working group engages selected members of the C suites to provide oversight and strategic guidance on definition and implementation of ESG Strategy.
Group ESG Strategy & Impact Banking, coordinates the work of the ESG Strategy Taskforce and, through the Group Sustainability function, supports the CGN&S Committee in its activities and assists senior management in developing strategies that integrate sustainability considerations into the value creation process and generate long-term benefits for all stakeholders. Moreover it ensures the coordination in the implementation of the Principles for Responsible Banking - UNEP FI.
Group Sustainability has a permanent member in the Group Reputational Risk Committee (GRRC), responsible for the assessment of the reputational risks of initiatives, bank transactions, projects, customers and other business activities.
Click here for more information on the Governance of UniCredit Group.