The UniCredit Group is the result of the merger of nine of Italy's largest banks and the subsequent combination with the German HVB Group and the Italian Capitalia Group. It is now a banking group based in Milan that also includes amongst others Bank Austria and Hypovereinsbank.
UniCredit is a major international financial institution operating in 22 European countries as well as representative offices in 27
other markets, with over 40 million clients and more than 10,200
branches. In the CEE region, UniCredit operates the largest international
banking network with over 4,000 branches and outlets, where around
78,000 employees serve more than 28 million customers. Azerbaijan,
Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic,
Estonia, Hungary, Latvia, Lithuania, Kazakhstan, Kyrgyzstan, Poland,
Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine.
ownership
listed on Borsa Italia, Frankfurt Stock Exchange
Publicly listed company
headquarters
Piazza Cordusio
20123 Milano
Italy
position top 1000 the Banker
In million US$. Ranking according to Tier 1 capital, as per definition Bank of International Settlements (BIS)
The CDP impels organisations to record their carbon footprint in daily activities. Encouraging enterprises to calculate and disclose their carbon impact, this initiative highlights the challenge for financial institutions to determine exactly how much carbon output can be attributed to financing.
Voluntary framework to guide the finance sector in tackling the challenge of climate change. They address the management of operational greenhouse gas (GHG) emissions and provide direction on managing climate change in research activities; asset management; retail banking; insurance & re-insurance; corporate banking; investment banking & markets; project finance.
The EPs are a set of guidelines, based upon the Performance Standards and guidelines from the IFC, the World Bank's private sector lending arm for private banks to asesses and mitigate risks in project finance. Banks use the Principles to guide internal operating procedures for transaction for specific projects. Although the EPs are an important step to raise overall standards of financiers and projects in the developing world, they currently fall short on transparency and governance requirements.
The verification and full publication of company payments and government revenues from oil, gas and mining is supported by the EITI. Financial institutions can participate and encourage resource-rich countries to support the initiative that aims to defeat poverty, corruption and conflict caused by weak transparency and accountability.
As the name suggests, the GRI aims to standardise good practice in transparency. GRI provides companies with guidelines to organise their annual report with reporting indices and standards addressing environmental, social and economic issues that business ought to address when telling the world about its performance.
The UN Global Compact is a set of ten principles that companies may sign voluntarily. Signatories promise to avoid complicity in human rights violations, adhere to labour standards, protect the environment and avoid corruption. The G8 countries urge companies to participate in this initiative, and with over 2900 companies signing up, the Global Compact has momentum. A voluntary and network based framework, the Global Compact actively promotes peer review and stakeholder participation.
UNEP is the 'voice of the environment' for the United Nations system, promoting international cooperation in the field of the environment. Issues concerning the financial community are addressed by the UNEP Finance Initiative which promotes investment in clean and renewable energy by financial institutions and other investors. Financial insititutions wishing to join must sign one of two Statements (for financial institutions and a separate one for the insurance industry).
UNPRI is a set of six principles direct institutional investors may adopt to consider environmental, social and corporate governance issues when investing. Voluntary and aspirational in nature, UNPRI has since its inception in 2006 attracted 200 signatories, representing US$8 trillion worth of investments.
Since the turn of the century a group of twelve banks known as the Wolfsberg Group have collaborated to improve ethical standards. The principles provide guidance on money laundering, corruption and the financing of terrorism. They have been produced to address deficiencies in areas 'yet to be fully articulated by lawmakers or regulators'.
(date listed represents date accessed on website) This webpage provides information on the following: UniCredit's position on (1) human rights (2) nuclear power and (3) defense/weapons industry.
UniCredit has a General Group Credit Policy, that is
based amongst others on World Bank Standards. Which standards are used and how
they are translated in financing requirements is not described or made public.
Therefore, no points are granted.
UniCredit
has an Environmental Statement in
which it sets specific improvement objectives both for the direct as well as
the indirect impacts, including lending and project financing activities, of
it's own business operations. But the specific details of criteria and
preconditions its clients have to adhere to remain unclear as this Statement refers to the Credit
Strategies and Policies. A separate document called Environmental Policy also show no clear commitments and therefore
these documents are not granted any points
agriculture
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arms industry and trade
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fisheries
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forestry
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mining
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oil and gas
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power generation
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biodiversity
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climate change
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corruption
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human rights
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indigenous peoples
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labour
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operation in conflict zones
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taxation
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toxics
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accountability
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transparency
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headquarters
Piazza Cordusio
20123 Milano
Italy
position top 1000 the Banker
In million US$. Ranking according to Tier 1 capital, as per definition Bank of International Settlements (BIS)
Cluster munitions pose a serious threat to civilian populations during and after a conflict. Cluster munitions are designed to blanket a large area containing one or more…
Liquified Natural Gas (LNG) is natural gas that has been chilled to liquid form, reducing it to one-six-hundredth of its original volume for transportation by ship to destinations…
Ecuador's Yasuni National Park is threatened by planned oil development by the Brazilian oil company Petrobras. The oil development will take place in Block 31, two thirds…
The Grasberg mine, located in the indonesian province of Papua, on the island New Guinea, just north of Australia, is being run by the mining company Freeport McMoran. The…
BankTrack has identified controversial issues
with the companies listed below that require attention from UniCredit Group.
E.on
E.ON is a German electricity company headquartered in Düsseldorf and is another of big beasts of energy production. E.ON operates along the entire value chain of power…
As Europe's second largest electricity generator and one of Europe's five leading gas and electricity companies, this German utility is another of energy and gas production's…
Apr 01, 2010 | Netwerk Vlaanderen, IKV PAX Christi
A short version of the 'Hall of Fame and runners-up'-document. Both taken from the report: "Worldwide Investments in Cluster Munitions; A Shared Responsibility" Updated April 2010.
(date listed represents date accessed on website) This webpage provides information on the following: UniCredit's position on (1) human rights (2) nuclear power and (3) defense/weapons industry.
Letter to BankTrack as a response to BT letter of February 11, 2010
Mar 29, 2010 | Equator Principles Financial Insititutions, Citi
The first response ever to one of the letters BankTrack sent to the Equator Principles Financial Insititutions. It is a response to the BankTrack follow up letter after the meeting in Zuerich, February 4.
Action on Mochovce in front of UniCredit Jan 11, 2012
0 pictures
videos
10 Reasons Why Bankers are Mostly Human
Jan 04, 2012 - 2011 was the year full of controversies. Our cyber satire unveils banks and bankers that talk green but invest in climate killer coal fired power plants.
Andrea Baranes about CRBM and BankTrack
May 19, 2010 - Video shot during the BankTrack annual meeting in Zuerich, January 2010.
headquarters
Piazza Cordusio
20123 Milano
Italy
position top 1000 the Banker
In million US$. Ranking according to Tier 1 capital, as per definition Bank of International Settlements (BIS)
International website developed by BankTrack, CRBM, Les Amis de la Terre, Netwerk Vlaanderen, Platform, Setem and Urgewald.
Information in English, French, German, Italian, Dutch, Spanish.
