Celebrating 2 years of Principles for Responsible Banking

Commitments
#UniCredit4ESG

Wednesday 22 September 2021

As a signatory bank, UniCredit is proud to celebrate this important milestone towards greater industry alignment and progress on sustainability for the benefit of all our stakeholders and future generations to come

2:00 min

Launched in 2019, the Principles for Responsible Banking (PRB) is a unique framework ensuring alignment of signatory banks’ strategy and practice with the Sustainable Development Goals and the Paris Climate Agreement’s objectives.
Now in its second year, membership of the PRB has grown from 132 to over 240 banks, making-up almost 40% of the global banking sector worldwide. UniCredit is proud to celebrate this milestone alongside all the other signatory banks.

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.

Our ambition
Increased sustainability with long-term view

Our aim is to ensure a consistent global ambition towards increased sustainability with a long-term view that takes into account the needs of our future generations and sets common standards and definitions of “green” and “sustainable”.

All PRB signatory banks commit to tracking their ESG progress on an annual basis. You can find a detailed overview of UniCredit’s journey so far in the recently launched digital version of our Integrated Report, available HERE

Collaboration is key in driving the transition to a low carbon and increasingly inclusive world economy and we remain fully committed to playing our part in this transformation for the benefit of all our stakeholders.

 

To learn more about the Principles for Responsible Banking