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UniCredit Group - Italy banktrack contact
Andrea Baranes - CRBM, Italy bank contact
Jens Kubusch, Associate Director Public and Community Relations - Unicreditgroup, Italy  key facts
headquarters
Piazza Cordusio20123 Milano Italy total assets
€ 928,760 million (2009) key regions of operation
Central-Eastern Europe, Western Europe, Central Asia CEO/chair
Mr. Alessandro Profumo CEO number of employees
174,000 (2009) key sectors
all sectors exclusion sectors
all sectors ownership
Publicly listed company about UniCredit Group
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.
voluntary standards and commitments
Carbon Disclosure Project
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.
Carbon Principles
Set of guidelines for banks and their U.S. power clients to evaluate and address carbon risks in the financing of electric power projects.
Climate Principles
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.
Equator Principles
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.
Extractive Industries Transparency Initiative
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.
Global Reporting Initiative
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.
UN Global Compact
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 Finance Initiative
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).
UNEP Principles for Responsible Investments
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.
Wolfsberg principles
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'.
UniCredit Group has also developed additional sustainability policies. You can find them below, or under 'documents' in the menu.
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last save by banker: never sustainability policies of UniCredit Group
2010 sector and issue policies
General BankTrack comments on policies Unicredit 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
bank comment
 - international - | Cluster Munitions producers | arms | active file
 Papua New Guinea | LNG Project | Gas supplier | active file
 - international - | Baku-Tbilisi-Ceyhan oil pipeline | pipelines | on record
 Ecuador | Block 31, Yasuni National Park | oil and gas | on record
 Indonesia | Grasberg Mine | mining | on record
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As a provider of financial services, UniCredit Group is a part of society with an important role to play in supporting the economic performance of the regions where we operate. We can contribute to growth and prosperity just as much as to
sustainable development.
- In our direct sphere of influence, we need to optimise our consumption of power supply and natural resources and reduce the impact we have on the environment. At the same time, we have a direct responsibility for the well-being of our employees, their personal and professional development and integritybased actions in every aspect of our business.
- Indirectly - through our financing and investment products - we have a major influence on stable development in terms of the environment and society as well as the economy. Examples of how we implement this include compliance with environmental and social standards in our finance activities, marketing sustainable investment products and funding renewable energy.
- As a large commercial enterprise, we also bear considerable responsibility for the development of the societies in the regions where we operate - as an employer, customer and tax-payer as well as through donations and sponsoring projects.
To achieve our goals we conduct a constant dialogue with our stakeholders, particularly our customers and non-governmental organisations (NGOs). This helps us to find out more about their assessment of the risks and rewards of our business, also enabling us to gain valuable insights for our long-term orientation.