UniCreditItaly

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Last update: 2021-04-16 11:13:36
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About UniCredit

The UniCredit Group, founded in 1998, 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. 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 Milan
Italy
CEO/chair Andrea Orcel
CEO
Supervisors
Banca d'Italia & Bundesbank
Annual report Annual report 2020
Ownership
listed on Borsa Italia, Frankfurt Stock Exchange & Warsaw Stock Exchange

Unicredit's shareholder structure can be accessed here.

Complaints and grievances

UniCredit does not operate a complaints channel for individuals and communities that may be adversely affected by its finance. The bank can be contacted via its online contact form. 

Stakeholders may also raise complaints via the OECD National Contact Points (see OECD Watch guidance).

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.

Dodgy Deals map

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Policy Assessments

Banks, climate and energy

Bank policy scores on fossil fuel financing

BankLast update
Country
Score
Ranking
Details
UniCredit Group
2021-03-24
ITA
93.5
Follower
Explanation

A bank can obtain a total of 200 policy points for its fossil fuel policies; 120 possible points for oil and gas policies and 80 possible points for coal policies. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 50 points
50.5 - 100 points
100.5 - 150 points
150.5 - 200 points
For more details see this page.

Bank policy scores on fossil fuel expansion

BankLast update
Country
Score
Ranking
Details
UniCredit Group
2021-03-24
ITA
43
Front runner
Explanation

The scores for a bank's policies restricting expansion of fossil fuels - in each area, prohibitions against financing projects and/or companies expanding that area - are aggregated into a fossil fuel expansion policy score.

The point-based policy ranking for fossil fuel expansion consists of the following distribution:

  • Coal mining: 14 points​
  • Coal power: 14 points
  • Other coal: 7 points
  • Tar sands: 7 points
  • Arctic oil and gas: 7 points
  • Offshore oil and gas: 7 points
  • Fracked oil and gas: 7 points
  • LNG: 7 points
  • Other oil and gas: 12 points

A bank can obtain a total of 82 policy points for its fossil fuel expansion policy. Based on this score, banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 20.5 points
21 - 41 points
41.5 - 61.5 points
62 - 82 points
For more details see this page.

Bank policy scores on oil and gas financing

BankLast update
Country
Score
Ranking
Details
UniCredit Group
2021-03-24
ITA
18.5
Laggard
Explanation

For tar sands, Arctic oil and gas, fracked oil and gas, offshore oil and gas and LNG, 18 possible policy points can be obtained. For other/conventional oil and gas, 30 policy points can be obtained. In total, a bank can score a total of 120 policy points for its oil and gas policies. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 30 points
30.5 - 60 points
60.5 - 90 points
90.5 - 120 points
For more details see this page.

Bank policy scores on tar sands

BankLast update
Country
Score
Ranking
Details
UniCredit Group
2021-03-24
ITA
4
Laggard
Explanation

The point-based policy ranking above assesses bank policies in four ways:

1) Restriction on direct financing for tar sands projects.

  • None (0), weak exclusion (1), moderate exclusion (2), strong exclusion (3)

2) Restriction on financing for companies that expand tar sands.

  • None (0), weak exclusion (2), strong exclusion (4)

3) The bank’s commitment to phase-out financing for tar sands.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in tar sands above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), moderate exclusion threshold (4), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 18 policy points for its tar sands policy. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 4.5 points
5 - 9 points
9.5 - 13.5 points
14 - 18 points
For more details see this page.

Bank policy scores on Arctic oil and gas

BankLast update
Country
Score
Ranking
Details
UniCredit Group
2021-03-24
ITA
4
Laggard
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for Arctic oil and gas projects.

  • None (0), weak exclusion (1), moderate exclusion (2), strong exclusion (3)

2) Restriction on financing for companies that expand Arctic oil and gas. 

  • None (0), weak exclusion (2), strong exclusion (4)

3) The bank’s commitment to phase-out financing for Arctic oil and gas.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in Arctic oil and gas above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), moderate exclusion threshold (4), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 18 policy points for its Arctic oil and gas policy. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 4.5 points
5 - 9 points
9.5 - 13.5 points
14 - 18 points
For more details see this page.

Bank policy scores on offshore oil and gas

BankLast update
Country
Score
Ranking
Details
UniCredit Group
2021-03-24
ITA
3
Laggard
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for offshore oil and gas projects.

  • None (0), weak exclusion (1), strong exclusion (3)

2) Restriction on financing for companies that expand offshore oil and gas.

  • None (0), weak exclusion (2), strong exclusion (4)

3) The bank’s commitment to phase-out financing for offshore oil and gas.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in offshore oil and gas above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 18 policy points for its offshore oil and gas policy. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 4.5 points
5 - 9 points
9.5 - 13.5 points
14 - 18 points
For more details see this page.

Bank policy scores on fracked oil and gas

BankLast update
Country
Score
Ranking
Details
UniCredit Group
2021-03-24
ITA
4
Laggard
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for fracked oil and gas projects.

  • None (0), weak exclusion (1), moderate exclusion (2), strong exclusion (3)

2) Restriction on financing for companies that expand oil and gas fracking.

  • None (0), weak exclusion (2), strong exclusion (4)

3) The bank’s commitment to phase-out financing for oil and gas fracking.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in oil and gas fracking above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), moderate exclusion threshold (4), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 18 policy points for its fracking policy. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 4.5 points
5 - 9 points
9.5 - 13.5 points
14 - 18 points
For more details see this page.

Bank policy scores on other/conventional oil and gas

BankLast update
Country
Score
Ranking
Details
UniCredit Group
2021-03-24
ITA
0.5
Laggard
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for other/conventional oil and gas projects.

  • None (0), weak exclusion (1.5), strong exclusion (5)

2) Restriction on financing for companies that expand other/conventional oil and gas. 

  • None (0), weak exclusion (3), strong exclusion (7)

3) The bank’s commitment to phase-out financing for other/conventional oil and gas.

  • None (0), financing reduction (1.5), weak phase-out (6), strong phase-out (8)

4) The bank’s commitment to exclude companies active in other/conventional oil and gas above a certain threshold.

  • None (0), enhanced due diligence/Equator Principles commitment (0.5), weak exclusion threshold (3), strong exclusion threshold (7), full exclusion (10)

A bank can obtain a total of 30 policy points for its other/conventional oil and gas policy. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 7.5 points
8 - 15 points
15.5 - 22.5 points
23 - 30 points
For more details see this page.

Bank policy scores on coal financing

BankLast update
Country
Score
Ranking
Details
UniCredit Group
2021-03-24
ITA
75
Leader
Explanation

For both coal mining and coal power, 32 possible policy points can be obtained, while for other coal,16 possible policy points can be obtained. So a bank can obtain a total of 80 policy points for its coal policies. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 20 points
20.5 - 40 points
40.5 - 60 points
60.5 - 80 points
For more details see this page.

Bank policy scores on coal mining

BankLast update
Country
Score
Ranking
Details
UniCredit Group
2021-03-24
ITA
30
Leader
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal mining projects.

  • None (0), mountaintop removal mining exclusion (0.5), weak exclusion (2), moderate exclusion (4), strong exclusion (6)

2) Restriction on financing for companies that expand coal mining.

  • None (0), weak exclusion (4), strong exclusion (8)

3) The bank’s commitment to phase-out financing for coal mining.

  • None (0), exposure reduction (1.5), financing reduction (3), weak phase-out (4), moderate phase-out (6), strong phase-out (8)

4) The bank’s commitment to exclude companies active in coal mining above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (3), moderate exclusion threshold (5), strong exclusion threshold (8), full exclusion (10)

A bank can obtain a total of 32 policy points for its coal mining policy. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 8 points
8.5 - 16 points
16.5 - 24 points
24.5 - 32 points
For more details see this page.

Bank policy scores on coal power

BankLast update
Country
Score
Ranking
Details
UniCredit Group
2021-03-24
ITA
30
Leader
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal power projects.

  • None (0), weak exclusion (2), moderate exclusion (4), strong exclusion (6)

2) Restriction on financing for companies that expand coal power.

  • None (0), weak exclusion (4), strong exclusion (8)

3) The bank’s commitment to phase-out financing for coal power.

  • None (0), proportional reduction (1), exposure reduction (1.5), financing reduction (3), weak phase-out (4), moderate phase-out (6), strong phase-out (8)

4) The bank’s commitment to exclude companies active in coal power above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (3), moderate exclusion threshold (5), strong exclusion threshold (8), full exclusion (10)

A bank can obtain a total of 32 policy points for its coal power policy. Based on this score banks are then classified as laggards, followers, front runners or leaders.

Laggard
Follower
Front runner
Leader
0 - 8 points
8.5 - 16 points
16.5 - 24 points
24.5 - 32 points
For more details see this page.

Bank policy scores on coal infrastructure

BankLast update
Country
Score
Ranking
Details
UniCredit Group
2021-03-24
ITA
15
Leader
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal infrastructure projects.

  • None (0), weak exclusion (1), strong exclusion (3)

2) Restriction on financing for companies that expand coal infrastructure.

  • None (0), weak exclusion (2), strong exclusion (4)

3) The bank’s commitment to phase-out financing for coal infrastructure.

  • None (0), exposure reduction (1), weak phase-out (2), strong phase-out (4)

4) The bank’s commitment to exclude companies active in coal infrastructure above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (4), full exclusion (5)

A bank can obtain a total of 16 policy points for its coal infrastructure policy. Based on this score banks are then classified as laggards (0-4 points), followers (4.5-8 points), front runners (8.5-12 points) or leaders (12.5-16 points)

Laggard
Follower
Front runner
Leader
0 - 4 points
4.5 - 8 points
8.5 - 12 points
12.5 - 16 points
For more details see this page.

Banks and human rights

Human Rights Benchmark Africa 2021

BankLast update
Country
Score
Ranking
Details
UniCredit
ITA
6
Front runner
Explanation
Laggard
Follower
Front runner
Leader
0 - 3.5 points
4 - 5.5 points
6 - 8.5 points
9 - 14 points
For more details see this page.

Tracking the Equator Principles

EPFIs reporting status

BankLast update
Country
Reporting period
PF deals under EP
Project names reported
% Project names reported
Details
UniCredit Group
2020-12-22
ITA
2019
13
13
100
Explanation

Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. 

For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

Eacop’s financing blues as lenders desert $3.5b project

2021-05-04 | The East African
blog
external news
our news

Re:Common: “UniCredit breached its own coal policy and supports oil & gas expansion"

On the occasion of UniCredit’s 2021 Shareholders' Meeting, Re:Common reports important regressive developments in climate commitments taken by the Italian bank
2021-04-15 | Rome | ReCommon
blog
external news
our news

More than half of Europe’s bank directors too compromised to end fossil fuel finance

2021-04-07 | DeSmog
blog
external news
our news

Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
blog
external news
our news

EUR 146 billion for trash? How banks and the plastics industry are forcing a global environmental catastrophe

2021-03-04 | Berlin | Facing Finance
blog
external news
our news

Over 260 organisations call on banks not to finance Total’s East African Crude Oil Pipeline

With a final investment decision nearing, African and International organisations warn banks against joining $2.5 billion loan for a “manifestly irresponsible” project • New stopeacop.net campaign website launched.
2021-03-01 | International | BankTrack, 350.org Africa, AFIEGO, Inclusive Development International, IUCN NL
blog
external news
our news

Groundbreaking research reveals the financiers of the coal industry

Today, Urgewald & partners published an analysis of the financiers & investors behind the entire coal industry for the 1st time. One of the shocking results was that banks provide more money to coal than in 2016.
2021-02-25 | urgewald, Reclaim Finance
blog
external news
our news

Andrea Orcel designated Chief Executive Officer of UniCredit

2021-01-27 | UniCredit press release
blog
external news
our news

Exclusive: Italy could take on $17 billion of UniCredit bad loans to ease MPS sale - sources

2021-01-06 | Reuters
blog
external news
our news

Five years since the Paris Agreement, are banks' 2050 pledges enough to reign in fossil fuel finance?

How the year's 'Paris-alignment' moves stack up against the measures needed to tackle the climate crisis
2020-12-12 | Ernst-Jan Kuiper – BankTrack
blog
external news
our news

Equator Banks fail communities on consultation and grievance mechanisms, new study finds

BankTrack research into nine projects financed ‘under Equator’ finds routine failures to conduct proper community consultation and a lack of effective project-level grievance mechanisms
2020-11-24 | Nijmegen | BankTrack
blog
external news
our news

Barclays, HSBC and Credit Suisse among worst offenders on oil sands finance

ShareAction says Barclays has participated in 11 loan and bond deals to oil sands companies since its net zero announcement in March
2020-10-29 | London | ShareAction
blog
external news
our news

A call to action on the Principles for Responsible Banking: End climate-destructive financing now

2020-10-20 | BankTrack, Rainforest Action Network, and partners
blog
external news
our news

Principles for Responsible Banking no obstacle to finance climate destruction

Twenty PRB banks provided over US$1.25 trillion in fossil fuel financing since Paris Agreement
2020-09-22 | Nijmegen | BankTrack, Rainforest Action Network
blog
external news
our news

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
blog
external news
our news

UniCredit becomes the first non-French financial institution to adopt a high-quality coal policy

2020-09-09 | Reclaim Finance
blog
external news
our news

Equator Principles requirements missing for most projects, finds new BankTrack study

Research into 37 projects financed 'under Equator' finds project-level grievance mechanisms or stakeholder engagement processes cannot be evidenced in 65% of cases
2020-08-11 | BankTrack
blog
external news
our news

European banks accused of propping up coal polluters

2020-07-15 | London | Financial Times
blog
external news
our news

Fool’s Gold: financial institutions waste billions undermining climate action

Financial institutions risking our renewable energy future by supporting the European coal sector
2020-07-15 | Nijmegen | BankTrack, Greenpeace, urgewald, 350.org Japan, BlackRock, Ember, Europe Beyond Coal, Foundation Development YES Open-Pit Mines NO, Friends of the Earth Finland, Friends of the Earth France, Reclaim Finance, ReCommon, ShareAction
blog
external news
our news

Banking on Climate Change – Fossil Fuel Finance Report Card 2020

New report reveals global banks funneled USD 2.7 trillion into fossil fuels Since Paris Climate Agreement, with financing on the rise each year 
2020-03-18 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
blog
external news
our news

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

2019-12-05 | Reuters
blog
external news
our news

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

2019-11-27 | Rome, Italy | BankTrack, ReCommon
blog
external news
our news

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

2019-11-26 | Nijmegen, the Netherlands | CNLCC, Re:Common, BankTrack
blog
external news
our news

Italy's UniCredit to exit thermal coal financing by 2023

2019-11-26 | Reuters
blog
external news
our news

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

Lloyds, Bank of America, Goldman Sachs and Société Générale among the poorest performers in BankTrack ranking, alongside Canadian and Chinese banks
2019-11-26 | BankTrack
blog
external news
our news

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

2019-10-23 | Espresso
blog
external news
our news

UniCredit launching Sustainable Finance Advisory Team

2019-09-27 | Global Banking & Finance Review
blog
external news
our news

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

2019-06-25 | International Consortium of Investigative Journalists
blog
external news
our news

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
blog
external news
our news

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

2019-05-22 | Frankfurt am Main | Facing Finance
blog
external news
our news

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

2019-05-21 | Berlin | Europe Beyond Coal
blog
external news
our news

UniCredit: Out of Turkish Coal!

2019-04-11 | Rome, Italy | ReCommon
blog
external news
our news

UniCredit waits in wings to bid for Germany’s Commerzbank

2019-04-04 | The Financial Times
blog
external news
our news

RWE plans destruction of ancient German forest

Top bankers of Europe's biggest CO2 emitter revealed in Fossil Fuel Finance Report Card 2019
2019-03-21 | Greig Aitken – BankTrack
blog
external news
our news

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

2019-03-20 | Desmogblog.com
blog
external news
our news

Banking on Climate Change – Fossil Fuel Finance Report Card 2019

World's top banks have poured $1.9 trillion into fossil fuel financing since the Paris Agreement was adopted, with financing on the rise each year
2019-03-20 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

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

2019-01-17 | Paris, France | Les Amis de la Terre
blog
external news
our news

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

Few banks acknowledge relation between fossil fuels and climate breakdown
2018-12-20 | Nijmegen
blog
external news
our news

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

Participating banks in the Gunvor facility include ABN Amro, CA Indosuez, Credit Suisse, DBS Bank, KfW Ipex-Bank, Mizuho, MUFG Bank, Nedbank, Rabobank, Raiffeisen, Société Générale, Sumitomo Mitsui Trust Bank and UniCredit.
2018-10-17 | Global Trade Review
blog
external news
our news

Masses march against corruption in Dominican Republic

2018-08-12 | teleSUR
blog
external news
our news

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

2018-06-14 | Elena Gerebizza - Re:Common
blog
external news
our news

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

Despite 2017 being the costliest year on record for weather disasters, new report reveals that banks increased extreme fossil fuel financing last year, led by a more than doubling in lending to tar sands companies and pipelines.
2018-03-28 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

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

2018-02-23 | Counter Balance
blog
external news
our news

EIB approves 1.5 billion Euro loan for TAP gas pipeline

2018-02-06 | Reuters
blog
external news
our news

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

2017-12-22 | Reuters
blog
external news
our news

EU commission urged bank to support Azerbaijan gas pipeline

2017-11-27 | ClimateHome
blog
external news
our news

European banks are financing monuments to a bygone fossil fuel era

2017-11-15 | Huffington Post
blog
external news
our news

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

2017-11-02 | Rainforest Action Network
blog
external news
our news

Germany tightens the screws on international funds to Turkey

2017-10-25 | Bloomberg
blog
external news
our news

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

Banks and other investors warned to steer clear
2017-10-25 | Nijmegen and Brisbane | BankTrack, Deep Sea Mining Campaign
blog
external news
our news

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

2017-10-18 | Reuters
blog
external news
our news

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

2017-10-10 | Luca Manes – Re:Common
blog
external news
our news

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

2017-10-03 | l'Espresso
blog
external news
our news

Medina’s only option: terminate Odebrecht power plant contract

2017-08-28 | Dominican Today
blog
external news
our news

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

2017-08-04 | Proceso
blog
external news
our news

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

2017-07-31 | Greig Aitken – BankTrack
blog
external news
our news

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

- Oil traders Trafigura and Vitol received over $100 billion in loans since 2012
- Of 26 banks contacted, not one has pressured companies over toxic fuel exports to Africa
2017-05-23 | Nijmegen | BankTrack
blog
external news
our news

Europe’s biggest banks register €25 billion profit in tax havens

2017-03-27 | Fair Finance International, Oxfam
blog
external news
our news

Leading banks under fire for misrepresenting human rights responsibilities

Discussion Paper by Thun Group of banks meets series of objections from UN Working Group, John Ruggie and over 30 civil society organisations
2017-02-28 | BankTrack
blog
external news
our news

Power plant 'one year behind schedule'

2017-02-08 | Dominican Today
blog
external news
our news

Anti-impunity marches to continue

2017-02-03 | Dominican Today
blog
external news
our news

La Société Générale priée de renoncer à financer la centrale charbon de Punta Catalina

2017-01-26 | Boursier.com
blog
external news
our news

Dominicans on the march against Punta Catalina kickbacks, and want financiers out of the coal plant project

2017-01-23 | Greig Aitken – BankTrack
blog
external news
our news

Odebrecht corruption in Dominican Republic – Five European banks urged to pull out of dirty coal plant financing

2017-01-18 | BankTrack, Les Amis de la Terre, National Committee to Combat Climate Change
blog
external news
our news

Punta Catalina Commission to subpoena top officials

2017-01-17 | Dominican Today
blog
external news
our news

March aims to indict corrupt officials, Odebrecht executives

2017-01-16 | Dominican Today
blog
external news
our news

Odebrecht must be terminated: civil society group

2016-12-29 | Dominican Today
blog
external news
our news

Odebrecht $92 million bribe: Just hours to deadline, utility produces papers

2016-12-27 | Dominican Today
blog
external news
our news

A graveyard of unfinished work left in development bank’s wake

2016-12-01 | Bloomberg
blog
external news
our news

Italy's UniCredit names Mustier as new CEO

2016-06-30 | Reuters
blog
external news
our news

New report finds banks betting on climate change

Seventh annual bank finance Report Card reveals major banks poured hundreds of billions into extreme fossil fuels
2016-06-14 | Nijmegen, San Francisco | BankTrack, Rainforest Action Network, Sierra Club and Oil Change International
blog
external news
our news

European banks warned over raid on pension funds to finance disputed coal plant in Dominican Republic

2016-05-27 | Santo Domingo, Dominican Republic | CNLCC, BankTrack, Les Amis de la Terre France
blog
external news
our news

Bank financing of staggering Polish coal development plans continues to run deep

2016-02-25 | Kuba Gogolewski – Development YES Open-Pit Mines NO
blog
external news
our news

Investor Alert on DTEK (Ukraine) debt restructuring

Banks urged to avoid carte blanche bailout for crisis-hit power monopoly
2015-10-28 | Kiev, Nijmegen | NECU and BankTrack
blog
external news
our news

Banks not yet living up to UN human rights principles, finds BankTrack

New research finds inadequate reporting on human rights impacts, and failure to establish mechanisms to allow complaints.
2014-12-02 | Geneva | BANKTRACK
blog
external news
our news

'Record year' for bank coal financing as latest UN climate warning looms

2014-10-29 | Nijmegen | BankTrack
blog
external news
our news

Banks and human rights: Assessing strengths and weaknesses of the Thun Group’s approach

2014-08-11 | Righting Finance
blog
external news
our news

BankTrack welcomes Thun Group paper on banks and human rights

Call for access to remedy for victims bank-financed human rights abuses
2013-10-11 | Nijmegen | BankTrack
blog
external news
our news

Kaliningrad Nuclear Plant: HypoVereinsbank follows BNP Paribas and pulls out. When will Coface and Société Générale follow suit?

2013-04-26 | Paris | Les Amis de la Terre
blog
external news
our news

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
blog
external news
our news

UniCredit - A ticking bomb on climate mitigation

2012-04-05 | Brussels | European Coal Finance Campaign
blog
external news
our news

BankTrack welcomes withdrawal Bank Austria from Mochovce Nuclear power plant

Bank Austria closes credit line to Slevenske Elektrarne, enabling the construction of Mochovce nuclear reactors 3&4
2012-03-15 | Nijmegen | BankTrack
blog
external news
our news

New report: European banks fuelling food price volatility and hunger

2012-01-12 | Brussels | Friends of the Earth Europe
blog
external news
our news

Bankrolling Climate Change in the news

2011-12-02 | The Guardian
blog
external news
our news

Bankrolling Climate Change

NGOs present groundbreaking research on banks’ involvement in coal financing
2011-11-30 | Durban | urgewald, Earthlife, BankTrack and groundWork
blog
external news
our news

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
blog
external news
our news

Time to Improve the Equator Principles, BankTrack Says

2011-10-24 | Washington | Social Funds
blog
external news
our news

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
blog
external news
our news

Financiers search for sustainable future

2011-10-20 | Washington | Environmental Finance
blog
external news
our news

urgewald publishes new consumer brochure on nuclear banks

2010-12-22 | Germany | urgewald
blog
external news
our news

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
blog
external news
our news

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
blog
external news
our news

Top financial institutions still invest US$20 billion in cluster bombs

Activists call on banks and pension funds to disinvest from banned weapon
2009-10-29 | London | Netwerk Vlaanderen
blog
external news
our news

European banks withdraw from Ilisu dam project in Turkey

NGOs welcome pullout as the right decision
2009-07-10 | Nijmegen | CounterCurrent/Gegenstroemung
blog
external news
our news

Ilisu Dam Project: European Governments Officially Announce Withdrawal

Commercial banks expected to follow
2009-07-07 | Berlin | CounterCurrent/Gegenstroemung et al.
blog
external news
our news

Austria's ECA officially declares pull-out of Ilisu dam project

Commercial banks expected to follow example - decision strengthens resistance in Turkey
2009-07-06 | Vienna, Austria | CounterCurrent/Gegenstroemung
blog
external news
our news

BankTrack members unveil bank secrets

Six European organizations launch a revealing website: www.banksecrets.eu
2009-06-25 | Brussels | CRBM
blog
external news
our news

Protest rallies against Turkish dam all over Europe

Ilisu dam critics backed by damning expert report
2008-03-14 | Europe | BankTrack et al.
blog
external news
our news

European banks withdraw from Belene nuclear power project

UniCredit Group, HVB and Deutsche Bank think Bulgarian project too risky
2006-10-20 | Berlin, Prague, Vienna, Sofia, Milan | Urgewald
blog
external news
our news

UniCredito faces Europe-wide protests over Bulgarian Nuclear Plant

2006-10-13 | Around Europe | Urgewald
blog
external news
our news

Banks urged to back off from Sakhalin II

Sakhalin II crucial test for Equator Principles
2005-07-20 | Utrecht | Pacific Environment

Documents

Type:
Year:
annual reports

Annual report 2020

2021-04-06 00:00:00 | UniCredit
our publications

Banking on Climate Chaos 2021

Fossil Fuel Finance Report
2021-03-24 00:00:00 | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club
ngo documents

Open Letter from over 260 civil society organisations to banks on EACOP

2021-02-25 00:00:00 | 263 CSOs
our publications

"Trust Us, We're Equator Banks": Part II

2020-11-24 00:00:00 | BankTrack
ngo documents

High Risk, Low Reward

An overview of European banks' position on oil sands
2020-10-31 00:00:00 | ShareAction
our publications

A Call to Action on the Principles for Responsible Banking: End Climate-Destructive Financing Now

Joint civil society statement
2020-10-20 00:00:00 | BankTrack, Rainforest Action Network, and others
csr policies

Coal sector global policy

2020-08-31 00:00:00 | Unicredit
our publications

Fool's Gold

The financial institutions risking our renewable energy future with coal
2020-07-15 00:00:00 | Europe Beyond Coal, BankTrack, BlackRock’s Big Problem, Ember, Fundacja "Rozwój TAK - Odkrywki NIE”, Friends of the Earth Finland, Friends of the Earth France, Greenpeace, Reclaim Finance, Re:Common, ShareAction, Urgewald, 350 Japan
annual reports

Annual report 2019

2020-05-19 00:00:00 | UniCredit
our publications

Banking on Climate Change - Fossil Fuel Finance Report 2020

2020-03-18 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club
csr policies

Commitment on rainforests

2020-01-31 00:00:00 | UniCredit
correspondence

Letter from BankTrack to UniCredit on the bank's progress on its fossil fuel finance since COP24

2019-12-10 00:00:00 | BankTrack
csr policies

Arctic and Non-Conventional Oil & Gas Industry Sector Policy

2019-11-27 00:00:00 | UniCredit
ngo documents

Deutsche Banken spielen mit dem Feuer

2019-09-30 00:00:00 | Facing Finance
bank documents

Whistleblowing Policy

2019-06-30 00:00:00 | UniCredit
ngo documents

Fool's Gold

The financial institutions bankrolling Europe’s most coal-dependent utilities
2019-05-21 00:00:00 | Europe Beyond Coal
bank documents

UniCredit Group Tax Strategy

2019-04-30 00:00:00 | UniCredit
annual reports

Annual report 2018

2019-04-16 00:00:00 | Unicredit
ngo documents

Un Paese di Cenere – le responsabilità italiane nella devastante corsa al carbone in Turchia

A country of ash - Italian responsibilities in the devastating coal race in Turkey (report in Italian)
2019-04-11 00:00:00 | Re:Common
our publications

Annual General Meeting Shareholder Briefing UniCredit

2019-04-10 00:00:00 | BankTrack
csr policies

Statement on Modern Slavery and Human Trafficking

2019-04-01 00:00:00 | Unicredit
csr policies

Statement on climate change

Date listed represents date as accessed on website
2019-03-04 00:00:00 | UniCredit
annual reports

Integrated Report 2018

2018-12-31 00:00:00 | UniCredit
correspondence

Letter from BankTrack and 120 organisations to UniCredit on Demands FBNT campaign

2018-10-16 00:00:00 | BankTrack and 120 organisations
csr policies

Anti-money laundering questionnaire

2018-09-25 00:00:00 | UniCredit
annual reports

Integrated Report 2017

2018-01-31 00:00:00 | UniCredit
csr policies

Anti-Bribery and Anti-Corruption Policy

2018-01-31 00:00:00 | UniCredit
csr policies

Code of Conduct

2017-05-01 00:00:00 | UniCredit
annual reports

2016 Integrated Report

Our sustainable value creation
2017-04-13 00:00:00 | UniCredit
correspondence

Letter from BankTrack to Thun Group on concerns regarding Thun Group discussion paper on human rights

2017-03-14 00:00:00 | BankTrack
other documents

Comments on Thun Group of Banks Discussion Paper

on the Implications of UN Guiding Principles 13 & 17 In a Corporate and Investment Banking Context
2017-02-21 00:00:00 | Prof. John G. Ruggie
correspondence

Letter from BankTrack and others to Thun Group of Banks on Significant Concerns Regarding Thun Group Discussion Paper

2017-02-14 00:00:00 | BankTrack and others
annual reports

Annual consolidated report 2015

Inside real life. A 360 degree view
2016-09-13 00:00:00 | Unicredit
correspondence

Letter from BankTrack et al. to UniCredit on EPH financing

2016-07-05 00:00:00 | BankTrack et al.
our publications

Banking with Principles? Second Edition June 2016

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2016-06-30 00:00:00 | BankTrack
our publications

Poland – Banks funding the dirtiest form of coal

2016-06-13 00:00:00 | BankTrack
csr policies

Human Rights Commitment

2016-04-09 00:00:00 | UniCredit
annual reports

Integrated report 2015

includes sustainability report
2016-03-01 00:00:00 | Unicredit
annual reports

Annual consolidated Report 2014

2015-05-18 00:00:00 | UniCredit Group
our publications

The end of coal?

2015 Coal Finance Report Card
2015-05-04 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club
csr policies

Environmental Commitment

2015-03-31 00:00:00 | UniCredit
our publications

Banking with Principles?

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2014-12-02 00:00:00 | BankTrack
our publications

Banking on Coal 2014

2014-10-29 00:00:00 | BankTrack
ngo documents

Dirty Profits III

Reporting on Companies and Financial Institutions Benefiting from Violations of Human Rights 
2014-10-01 00:00:00 | Facing Finance
csr policies

Position statement concerning the mining industry

2014-05-06 00:00:00 | UniCredit
csr policies

Position Statement concerning the Water Infrastructure Industry (Dams)

2013-09-05 00:00:00 | UniCredit
csr policies

Position statement on nuclear energy

2013-01-28 00:00:00 | UniCredit
bank documents

Thun Group of Banks Response to a question at the UN Forum on Business and Human Rights, December 2012

2012-12-06 00:00:00 | Thun Group
bank documents

Statement by the Thun Group of banks on the "Guiding principles for the implementation of the United Nations 'protect, respect and remedy' framework" on human rights

2012-10-29 00:00:00 | Thun Group
ngo documents

Worldwide investments in Cluster munitions, a shared responsibility

2012-06-20 00:00:00 | IKV Pax Christi & FairFin
our publications

Bankrolling climate change

A look into the portfolios of the world`s largest banks
2011-11-30 00:00:00 | urgewald, BankTrack, Groundwork
csr policies

Position Statement on Defense / Weapons Industry

2010-12-21 00:00:00 | UniCredit
correspondence

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

2010-12-18 00:00:00 | Banktrack
our publications

Close the Gap

Benchmarking investment policies of international banks
2010-04-27 00:00:00 | BankTrack
ngo documents

Summary Table 'Hall of Fame and runners-up'

2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi
other documents

German financial institutions and oil & gas in Africa and the former Soviet Union

2008-02-12 00:00:00 | Profundo, Die Grünen
ngo documents

Öl fuer Deutschland, Koste es was es wolle: Deutsche Banken in der russischen Ölförderung

2006-07-04 00:00:00 | urgewald

Links

UniCredit's sustainability page

https://www.unicreditgroup.eu/en/a-sustainable-bank.html

UniCredit's Policies and Guidelines

https://www.unicreditgroup.eu/en/a-sustainable-bank/Policy-and-esg-rating.html

Policies

Voluntary initiatives

UniCredit has committed itself to the following voluntary standards:

Investment policies

UniCredit's web page on corporate social responsibility can be accessed here.

Year:
csr policies

Coal sector global policy

2020-08-31 00:00:00 | Unicredit
csr policies

Commitment on rainforests

2020-01-31 00:00:00 | UniCredit
csr policies

Arctic and Non-Conventional Oil & Gas Industry Sector Policy

2019-11-27 00:00:00 | UniCredit
csr policies

Statement on Modern Slavery and Human Trafficking

2019-04-01 00:00:00 | Unicredit
csr policies

Statement on climate change

Date listed represents date as accessed on website
2019-03-04 00:00:00 | UniCredit
csr policies

Anti-money laundering questionnaire

2018-09-25 00:00:00 | UniCredit
csr policies

Anti-Bribery and Anti-Corruption Policy

2018-01-31 00:00:00 | UniCredit
csr policies

Code of Conduct

2017-05-01 00:00:00 | UniCredit
csr policies

Human Rights Commitment

2016-04-09 00:00:00 | UniCredit
csr policies

Environmental Commitment

2015-03-31 00:00:00 | UniCredit
csr policies

Position statement concerning the mining industry

2014-05-06 00:00:00 | UniCredit
csr policies

Position Statement concerning the Water Infrastructure Industry (Dams)

2013-09-05 00:00:00 | UniCredit
csr policies

Position statement on nuclear energy

2013-01-28 00:00:00 | UniCredit
csr policies

Position Statement on Defense / Weapons Industry

2010-12-21 00:00:00 | UniCredit

Equator Principles

Implementation and reporting

UniCredit is reporting on the implementation here.

Contact and complaints

Equator Principles Dodgy Deals

Projects

active

Mozambique LNG Mozambique

LNG Terminal | Pipeline Transportation of Natural Gas
active

Punta Catalina-Hatillo coal power plant Dominican Republic

Coal Electric Power Generation
on record

Trans Adriatic Pipeline (TAP) - international -

Oil and Gas Extraction
active

Tufanbeyli coal power plant Turkey

Coal Electric Power Generation
on record

Baku-Tbilisi-Ceyhan oil pipeline Azerbaijan

Pipeline Transportation of Crude Oil
on record

Liquified Natural Gas (LNG) project Papua New Guinea

LNG Terminal
on record

SOCAR Aegean Refinery Turkey

Coal Electric Power Generation | Oil and Gas Extraction

Good moves

Year:

2017

Five European banks pressured not to tolerate corrupt practices at Dominican coal plant project

Mired in a major international corruption scandal, the proposed Punta Catalina coal plant in the Dominican Republic became untouchable for Deutsche Bank, ING, Santander, Société Générale and Unicredit in 2017. As the gravity of the situation surrounding the project’s construction…

2014

Thun Group of Banks agrees to consider remedy for victims of human rights abuse

In 2013 the seven-strong Thun Group of Banks' produced a discussion paper on banks' responsibilities under new UN human rights guidelines. BankTrack's response to the paper highlighted that the banks had failed to address their responsibility to provide access to remedy to victims of human rights abuses. After…

2012

Bank Austria withdraws from Mochovce Nuclear Plant

In March 2012, following pressure campaigns from BankTrack and others, Bank Austria (part of Unicredit) announced it had closed down an important credit line for the funding of the construction of the Mochovce nuclear reactors 3 & 4 in Slovakia. These reactors are Soviet-type VVER 440 2nd generation reactors, which…