UniCredit is part of the solution
We know that playing our role as part of the solution within the wider industry is essential. UniCredit belongs to several institutional and international working groups with specific monitoring requirements for ESG progress. In addition to the PRB this includes the Task Force on Climate-Related Financial Disclosures and the OECD Business for Inclusive Growth Coalition.
In 2020 we also completed the Paris Agreement Transition Assessment (PACTA) methodology test and continue to work on its preliminary results in 2021. This enables us and the other banks taking part in the PACTA framework to measure the alignment of our corporate lending portfolios with the climate scenarios of the Paris Agreement, granting greater transparency and a common approach and framework on such a meaningful topic.