Our ESG ambition
Friday 14 January 2022
Following the launch of the new strategic plan, UniCredit shed additional light on its ESG ambitions at two events in Italy last December, highlighting our focus on supporting the environmental transition as well as on accelerating progress towards a more inclusive and equitable society everywhere we operate.
The launch of the new strategic plan, UniCredit Unlocked, was followed by two events in Italy on the 10th and 15th of December 2021 – Green & Social: finanziare il cambiamento e cambiare la finanza (Green & Social: Financing change and changing finance) organised by il Corriere della Sera and Il Nuovo Cubo di Rubik: Come vincere la sfida climatica e ambientale? (The New Rubik's Cube: How to meet the climate and environmental challenge) organised by la Repubblica. Both brought together journalists and professionals to discuss the importance and the future of ESG.
The Corriere della Sera event featured an introductory speech from our Chairman, Pier Carlo Padoan, explaining the key role of sustainability in the Group’s new strategic plan under the common purpose to empower our communities to progress.
"With this in mind, how we view ESG seems even more fundamental. It is not only a set of policies, but something embedded in the DNA of our people and in all our decisions. If we are to succeed in providing communities with the necessary levers for progress, sustainability and all that this entails must be central to our business. If we want our people to achieve the goal of winning together, E, S, and G are critical, " said Padoan.
Both events also saw the participation of our Head of Group ESG Strategy and Impact Banking, Roberta Marracino, who reiterated the important role of the finance sector in the green and social transition. In this context, Roberta highlighted four key objectives for UniCredit, which include cooperation with the public sector on the allocation of funds from the National Recovery and Resilience Plans, continued focus on impact finance to achieve a more equitable society in each country we operate in, investment in innovation to facilitate the green transition, and most importantly, always supporting our clients and communities in this process to ensure a fair and unbiased transition for all.
“Whenever we talk about ESG, we must take a fully integrated view that considers both, the environmental and social impact of our decisions. Our new strategic plan, underlined by the common purpose to empower our communities to progress, clearly demonstrates our strong focus on supporting the environmental transition as well as accelerating progress towards a more inclusive and equitable society everywhere we operate. Both transformations represent its own challenges, but also significant opportunities over the next 10 years,” said Roberta.
Within its new strategic plan, UniCredit is targeting 150 billion euros of cumulative new ESG volumes across environmental lending, ESG investment products, sustainable bonds and social lending.