20 October 2020

Commitment to "make a difference" sees UniCredit awarded 'Best Social Impact Bank' in Europe 2020

2:00 Min

UniCredit has been recognised by Capital Finance International magazine (CFI) as the Best Social Impact Bank in Europe in 2020. The judges highlighted UniCredit’s determination to “make a difference and have an impact,” as well as its redoubling of efforts considering the Covid-19 pandemic to engage with stakeholders, map their concerns and needs, and adjust policies and product offering accordingly.

UniCredit’s commitment to creating a diverse and inclusive workplace was further highlighted as well as its “strong and meaningful corporate social responsibility policies.”

Commenting on the award, Roberta Marracino, Head of Group ESG Strategy & Impact Banking, said: “We are very proud to be acknowledged by CFI as the Best Social Impact Bank in Europe. This tells us that our strong efforts through our Social Impact Banking programme, UniCredit Foundation and the Group’s overall approach to ESG are noticed and valued by our stakeholders. Acting in a socially responsible way continues to be a priority for UniCredit. The Covid-19 crisis has made all of us much more aware of the role of corporations in driving positive social change. We will continue to do the right thing and work in this direction in line with the needs and interests of all our stakeholders.”

Winners were selected by the Capital Finance International judging panel of industry experts seeking to identify individuals and organisations that contribute significantly to the convergence of economies and truly add value for all stakeholders.

UniCredit’s Social Impact Banking has since launch supported more than 4,000 beneficiaries through microcredit and impact financing, as well as providing various financial education programmes to the benefit of around 50,000 young people and disadvantaged individuals.