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Created before Nov 2016
Last update: 2020-01-27 11:08:19

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UniCredit headquarters in Milan, Italy. Photo: Maurizio Colombo, public domain

About UniCredit

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. It is a leading European commercial bank with an international network spanning 50 markets, with more than 8,500 branches and over 147,000 employees. The group operates in 14 European countries: Austria, Germany, Russia, Bosnia and Herzegovina, Hungary, Serbia, Bulgaria, Italy, Slovakia, Croatia, Romania, Slovenia, Czech Republic and Turkey.

Website	http://www.unicreditgroup.eu
Headquarters	Plazza Gae Aulenti 3 - Tower A 20154 Milano Italy
CEO/chair	Mr. Jean Pierre Mustier CEO
Supervisors	Banca d'Italia & Bundesbank
Annual report	Integrated Report 2018
Ownership	listed on Borsa Italia, Frankfurt Stock Exchange & Warsaw Stock Exchange Unicredit's shareholder structure can be accessed here.

Related Dodgy Deals

UniCredit has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects - active profiles

Punta Catalina-Hatillo coal power plant Dominican Republic profile

energy plants - coal

Debt – project finance

USD 40 million

30 December 2015

Solwara 1 Deep Sea Mining Project Papua New Guinea profile

mining - non coal

Debt – corporate loan

USD 700.76 million

2013

Provided to Metalloinvest and its subsidiaries since 2013

source: Profundo report
link

Tufanbeyli coal power plant Turkey profile

energy plants - coal

Debt – project finance

EUR 140 million

27 July 2012

source: link

There are no active projects for UniCredit now.

Projects - on record profiles

Baku-Tbilisi-Ceyhan oil pipeline Azerbaijan profile

oil and gas

Debt – project finance

February 2004

by its subsidiary HVB

Liquified Natural Gas (LNG) project Papua New Guinea profile

oil and gas

Approached, interested

USD 900 million

15 December 2009

participating in sydicated loan of US$ 900 million - loan covered by SACE

Mountain top removal coal mining United States profile

mining - coal

Debt – corporate loan

EUR 282 million

2005 - 2013

source: Banks and Coal Spreadsheet, Profundo, 2014

SOCAR Aegean Refinery Turkey profile

energy plants - coal | oil and gas

Debt – project finance

USD 37.5 million

January 2015

One of a consortium of 16 banks providing USD 600m uncovered commercial loans with a 15 year tenor.

source: TFR

TES 6 coal power plant Slovenia profile

energy plants - coal

Debt – corporate loan

EUR 100 million

8 March 2013

Part of 100 million euros syndicated loan

Trans Adriatic Pipeline (TAP) - international - profile

oil and gas

Debt – project finance

EUR 500 million

December 2018 - June 2034

Co-financed EUR 500 million EBRD B-loan

source: EIB press release
link

Debt – project finance

EUR 635 million

December 2018 - June 2034

Co-financed EUR 635 commercial banks loan

source: EIB press release
link

Companies - active profiles

CEZ Group Czech Republic profile

energy plants - coal | energy plants - nuclear | mining - coal

Debt – corporate loan

EUR 196 million

The amount financed consists of corporate or project finance and shares or bonds issuance

source: Fool's Gold: The financial institutions bankrolling Europe's most coal-dependent utilities
link

Lockheed Martin United States profile

arms industry and trade

Debt – corporate loan

EUR 235 million

9 October 2017

Unicredit participated on a 2.2-billion-euro loan package for 234.7 million euro

source: Facing Finance
link

Debt – corporate loan

EUR 250 million

7 October 2016

Unicredit participated on a 2.2 billion euro loan package for 248.04 million euro

source: Facing Finance
link

Polska Grupa Energetyczna (PGE) Poland profile

energy plants - coal | energy plants - nuclear | mining - coal

Debt – corporate loan

USD 182 million

2014 - 2017

source: BankTrack Coal Developers Report 2017
link

Share issue – underwriter

USD 190 million

2014 - 2017

Combined share and bond issuance underwriting

source: BankTrack Coal Developers Report 2017
link

Debt – corporate loan

EUR 22.6 million

2005 - 2013

source: Banks and Coal Spreadsheet, Profundo, 2014

Uncategorised

EUR 744.6 million

2005 - 2013

shares/bonds underwriter or manager

source: Banks and Coal Spreadsheet, Profundo, 2014

Share issue – underwriter

Amount not known

source: Euroweek - Issue: 1036, London, 11 January 2008; Press release Polska Grupa Energetyczna, Lublin, 25 September 2008.

RWE Germany profile

energy plants - coal | energy plants - nuclear | mining - coal

Bond issue – underwriter

EUR 750 million

January 2020

Co-financed EUR 750 million in bonds

source: Cbonds.com
link

Debt – corporate loan

USD 12 million

2014 - 2017

source: BankTrack Coal Developers report 2017
link

Share issue – underwriter

USD 133 million

2014 - 2017

Combined share and bond issuance underwriting

source: BankTrack Coal Developers Report 2017
link

Uncategorised

EUR 568.2 million

2005 - 2013

shares/bonds underwriter or manager

source: Banks and Coal Spreadsheet, Profundo, 2014

Debt – corporate loan

EUR 643.2 million

2005 - 2013

source: Banks and Coal Spreadsheet, Profundo, 2014

Debt – corporate loan

source: Thomson ONE database.

Debt – corporate loan

EUR 37.2 million

revolving credit

source: Thomson ONE database.

Bond issue – underwriter

EUR 99.9 million

source: RWE, Essen, 13 February 2003; Thomson ONE database; RWE, Essen, 25 November 2008; Website RWE Group (www.rwe.com).

UPM-Kymmene Finland profile

forestry - pulp and paper

Debt – corporate loan

USD 32 million

2011 - 2017

Loans and underwriting between 2011 and 2017

source: Profundo, 2017

Vale Brazil profile

mining - coal | mining - non coal

Debt – corporate loan

USD 2 billion

June 2017 - June 2022

Co-financed USD 2 billion credit facility

source: Vale press release
link

There are no active companies for UniCredit now.

Companies - on record profiles

Anglo American United Kingdom profile

mining - coal | mining - non coal

Debt – corporate loan

EUR 18.3 million

2005 - 2013

source: Banks and Coal Spreadsheet, Profundo, 2014

Arch Coal United States profile

mining - coal

Uncategorised

EUR 3 million

November 2013

shares/bonds underwriter or manager

source: link

Areva France profile

energy plants - nuclear | energy plants - renewables | mining - non coal | nuclear industry

Uncategorised

EUR 17 million

November 2013

shares/bonds underwriter or manager

source: link

Debt – corporate loan

EUR 45 million

November 2013

source: link

Debt – corporate loan

EUR 134.9 million

source: Euroweek - Issue: 986; Euroweek - Issue: 990;Euroweek - Issue: 1029;Thomson ONE database.

BHP Billiton Australia profile

mining - coal | mining - non coal | oil and gas

Debt – corporate loan

EUR 43.1 million

2005 - 2013

source: Banks and Coal Spreadsheet, Profundo, 2014

Uncategorised

EUR 83.3 million

2005 - 2013

shares/bonds underwriter or manager

source: Banks and Coal Spreadsheet, Profundo, 2014

Debt – corporate loan

EUR 7.2 million

source: International Financing Review, 26 October 2002;Euroweek - Issue: 780; Prospectus WMC Resources, 26 June 2003.

DTEK Ukraine profile

energy plants - coal | mining - coal | oil and gas

Uncategorised

EUR 92 million

2005 - 2013

shares/bonds underwriter or manager

source: Banks and Coal Spreadsheet, Profundo, 2014

Debt – corporate loan

EUR 276.2 million

2005 - 2013

source: Banks and Coal Spreadsheet, Profundo, 2014

EDF France profile

energy plants - nuclear

Debt – corporate loan

EUR 112.1 million

source: Thomson ONE database.

ENGIE France profile

energy plants - coal | energy plants - dams

Uncategorised

EUR 0.6 million

2005 - 2013

shares/bonds underwriter or manager

source: Banks and Coal Spreadsheet, Profundo, 2014

Debt – corporate loan

EUR 34.3 million

2005 - 2013

source: Banks and Coal Spreadsheet, Profundo, 2014

EPH Czech Republic profile

energy plants - coal | energy plants - hydro | energy plants - nuclear | mining - coal

Debt – corporate loan

EUR 1.5 billion

2013

Participant

source: Sandbag

Debt – corporate loan

EUR 1 billion

2012

Coordinator

source: Sandbag

Eskom South Africa profile

energy plants - coal | energy plants - nuclear

Debt – corporate loan

EUR 110.1 million

2005 - 2013

source: Banks and Coal Spreadsheet, Profundo, 2014

Rio Tinto Australia profile

mining - coal | mining - non coal | nuclear industry

Uncategorised

EUR 81 million

November 2013

shares/bonds underwriter or manager

source: link

SUEK Russian Federation profile

mining - coal

Debt – corporate loan

EUR 109.3 million

February 2016

source: Profundo, 25 April 2016

Debt – corporate loan

EUR 274.5 million

2005 - 2013

source: Banks and Coal Spreadsheet, Profundo, 2014

Trafigura Singapore profile

commodities trading | oil and gas | transport and infrastructure

Bond owner/manager

USD 4 million

2012 - 2016

source: Thomson Reuters Eikon, accessed by Profundo, October 2016

Debt – corporate loan

USD 79 million

2012 - 2016

Total corporate loan between 2012 and October 2016.

source: Thomson Reuters Eikon, accessed by Profundo, October 2016

Debt – corporate loan

USD 1,166 million

2012 - 2016

Total revolving credit between 2012 and October 2016.

source: Thomson Reuters Eikon, accessed by Profundo, October 2016

Vitol Switzerland profile

commodities trading | oil and gas | transport and infrastructure

Debt – corporate loan

USD 308 million

2012 - 2016

Total corporate loan between 2012 and October 2016

source: Thomson Reuters Eikon, accessed by Profundo, October 2016

Debt – corporate loan

USD 815 million

2012 - 2016

Total revolving credit between 2012 and October 2016

source: Thomson Reuters Eikon, accessed by Profundo, October 2016

ZE PAK (Zespół Elektrowni Pątnów-Adamów-Konin) Poland profile

energy plants - coal | mining - coal

Uncategorised

EUR 5.1 million

2010 - 2013

shares/bonds underwriter or manager

source: Banks and Coal Spreadsheet, Profundo, 2014

Dodgy Deals map

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Assessments

Human rights

Bank

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Leader

Front runner

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Laggard

UniCredit

ITA

1.0010

Italy

Leader

Front runner

Follower

Laggard

UniCredit's human rights policies, processes and reporting were assessed as part of the BankTrack Human Rights Benchmark in November 2019. The bank is assessed as a Follower, with a total score of 6 out of 14.

Policy: 2.5/3
Due dilligence: 2.5/5
Reporting: 0.5/3
Remedy: 0.5/3

For more details, see the BankTrack Human Rights Benchmark 2019.

News

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Type:

Year:

About UniCredit

Related Dodgy Deals

Projects - active profiles

Punta Catalina-Hatillo coal power plant Dominican Republic profile

Solwara 1 Deep Sea Mining Project Papua New Guinea profile

Tufanbeyli coal power plant Turkey profile

Projects - on record profiles

Baku-Tbilisi-Ceyhan oil pipeline Azerbaijan profile

Liquified Natural Gas (LNG) project Papua New Guinea profile

Mountain top removal coal mining United States profile

SOCAR Aegean Refinery Turkey profile

TES 6 coal power plant Slovenia profile

Trans Adriatic Pipeline (TAP) - international - profile

Companies - active profiles

CEZ Group Czech Republic profile

Lockheed Martin United States profile

Polska Grupa Energetyczna (PGE) Poland profile

RWE Germany profile

UPM-Kymmene Finland profile

Vale Brazil profile

Companies - on record profiles

Anglo American United Kingdom profile

Arch Coal United States profile

Areva France profile

BHP Billiton Australia profile

DTEK Ukraine profile

EDF France profile

ENGIE France profile

EPH Czech Republic profile

Eskom South Africa profile

Rio Tinto Australia profile

SUEK Russian Federation profile

Trafigura Singapore profile

Vitol Switzerland profile

ZE PAK (Zespół Elektrowni Pątnów-Adamów-Konin) Poland profile

Dodgy Deals map

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Select sectors:

Assessments

News

Banking on Climate Change – Fossil Fuel Finance Report Card 2020

Big European banks face call to end funding for firms building coal-fired plants

UniCredit urged to do the final ‘right thing’ and drop the coal barons

Twenty percent of Dominican Republic territory at risk from fossil fuel auction, banks warned to steer clear

4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

Italy's UniCredit to exit thermal coal financing by 2023

UniCredit’s prime role in Turkey’s coal ‘hell’

UniCredit launching Sustainable Finance Advisory Team

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

Leak exposes millions of dollars in new payments in Odebrecht cash-for-contracts scandal

Dirty Profits 7 - Out of Control: Irresponsible weapons transfers and future weapon systems

Fool’s Gold – €16bn for Europe’s biggest climate polluters

UniCredit: Out of Turkish Coal!

UniCredit waits in wings to bid for Germany’s Commerzbank

RWE plans destruction of ancient German forest

Banking on Climate Change – Fossil Fuel Finance Report Card 2019

Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact

Trans Adriatic Pipeline: France provides massive financial support to controversial gas project

Banks massively financing fossil fuels unclear about future of ... fossil fuels

Gunvor joins other commodity players with sustainability-linked loan led by ING

Masses march against corruption In Dominican Republic

Uncertainty over the future of the Trans Adriatic Pipeline, as EBRD envisages loan decision

Report finds major banks ramped up fossil fuel financing to $115 billion in 2017

With a little help from the European Commission: TAP and the Southern Gas Corridor

EIB approves 1.5 billion Euro loan for TAP gas pipeline

Odebrecht case, Green March and public ministry

TAP pipeline on course for first gas to Italy in early 2020

EU commission urged bank to support Azerbaijan gas pipeline

European banks are financing monuments to a bygone fossil fuel era

Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing

Germany tightens the screws on international funds to Turkey

Investor alert: Deep sea mining project in last-ditch search for capital

EBRD board approves $500 mln loan for TANAP gas pipeline project

Operation Car Wash and a coal plant in the Dominican Republic – anti-corruption protestors are not giving up

Scandalo Lava Jato, Santo Domingo si ribella contro la corruzione. E c'entra anche l'Italia

Medina’s only option: terminate Odebrecht power plant contract

Punta Catalina perdería el financiamiento europeo que le resta para su terminación

Punta Catalina – the coal plant project that keeps on giving … a headache to European banks

Banks provide billions for Dirty Diesel traders while failing to act on human rights, says new briefing

Bribery scandal met with near-silence in Dominican Republic