Building momentum ahead of COP26
Monday 27 September 2021
UniCredit joins the All4Climate Pre-COP events taking place in Milan from 28 September to 2 October in the quest to engage youth and concretely act upon climate change thanks to the bank’s multitude of initiatives and ESG strategy.
UniCredit is proud to be supporting the All4Climate Pre-COP events taking place in Milan from 28 September to 2 October aimed at engaging youth in Italy on climate change during what is considered to be a pivotal year for the topic ahead of the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow this November.
Actions speak louder than words, this is why at UniCredit we are committed to continuing our concrete initiatives on climate change and ESG alongside our clients and for the benefit of all our stakeholders. We know that together we can make a difference, together we matter!
The initiatives and roundtables take place around the UN Pre-COP and the Youth4Climate conference in Milan, and UniCredit will be joining the Driving Ambition roundtable on 30 September focused on how governments, the private sector, UN, media, and science can work together to resolve the climate crisis.
The current week also marks the second week of the 2021 global call to act for the UN Sustainable Development Goals (SDGs), which provide the framework for the world’s shared plan to end extreme poverty, reduce inequality, and protect the planet by 2030.
UN Sustainable Development Goals (SDGs)
UniCredit is constantly contributing to the SDGs through our ESG strategy. On the social side, this includes our Social Impact Banking programme, which through impact finance supports the following SDGs (figures as at end of 2020).
Our microcredit also contributes to SDG number 8 – decent work and economic growth (83.6 million in 2020), and our financial education programmes further support goal number 4 – quality education.
3 - No poverty (24.2 million)
3 – Good health and well-being (83.5 million)
4 – Quality education (14.6 million)
8 – Decent work and economic growth (8.5 million)
10 – Reduced inequalities (8.4 million)
11 – Sustainable cities and communities (2.3 million)
On the environmental side, our ESG progress to date has seen the bank reduce its Scope 1 and 2 greenhouse gas emissions by 60% as of 2020 compared to the 2008 baseline with the long-term target of an 80% reduction by 2030.
We are also on track to remove all single-use plastic from our buildings by 2023 and nearly all our premises in Western Europe already use energy from renewable sources. In addition, in 2020 we updated our coal policy with a commitment to, together with our clients, phase out coal sector financing by 2028.
You will see our ESG awareness campaign across Milan in these days!
We hope you will join us in taking action together for the climate, our communities and our future.