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BankTrack is the international tracking, campaigning and civil society support organisation focused on commercial banks and their finance.

We aim to stop banks from financing harmful business activities and promote a banking sector that contributes to just societies and a healthy planet.

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2019-10-23 00:00:00
UniCredit’s prime role in Turkey’s coal ‘hell’
2019-10-16 00:00:00
How long will Santander continue to profit from Polish coal expansion?
2019-10-03 00:00:00
Swiss banks are lashing out at climate activists rather than taking action. This has to stop.
2019-09-19 00:00:00
Total’s suspension of the East African Crude Oil Pipeline is a chance for Standard Bank and others to think again
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2019-11-26 00:00:00
The BankTrack Human Rights Benchmark 2019
2019-11-20 00:00:00
The OECD Due Diligence for Responsible Corporate Lending and Securities Underwriting
2019-09-22 00:00:00
Civil society statement on the new Principles for Responsible Banking
2019-04-30 00:00:00
BankTrack Annual Report 2018
2019-03-26 00:00:00
“We are unable to comment on specific customers...”
2019-03-20 00:00:00
Banking on Climate Change - 2019 Fossil Fuel Finance Report Card
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Created before Nov 2016
Last update: 2019-03-04 16:26:12

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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 Annual report 2018
Ownership
listed on Borsa Italia, Frankfurt Stock Exchange & Warsaw Stock Exchange

Unicredit's shareholders 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

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

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

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
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
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

Show:

Select sectors:

News

| |
Type:
Year:
blog
external news
our news

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

2019-11-27 | Rome, Italy | BankTrack, Re:Common
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

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

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

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

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
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

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 | Re:Common
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

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

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

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 | Claire Hamlett – BankTrack
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

Odebrecht case, Green March and public ministry

2018-01-29 | Acento
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

Bribery scandal met with near-silence in Dominican Republic

2017-05-17 | Washington Post
blog
external news
our news

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

2017-03-27 | Fair Finance Guide 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:
csr policies
2019-11-27 00:00:00

Coal Sector Policy

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

Arctic and Non-Conventional Oil & Gas Industry Sector Policy

2019-11-27 00:00:00
ngo documents
2019-09-30 00:00:00

Deutsche Banken spielen mit dem Feuer

2019-09-30 00:00:00 | Facing Finance
ngo documents
2019-05-21 00:00:00

Fool's Gold

The financial institutions bankrolling Europe’s most coal-dependent utilities
2019-05-21 00:00:00 | Europe Beyond Coal
annual reports
2019-04-16 00:00:00

Annual report 2018

2019-04-16 00:00:00 | Unicredit
ngo documents
2019-04-11 00:00:00

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
2019-04-10 00:00:00

Annual General Meeting Shareholder Briefing UniCredit

2019-04-10 00:00:00 | BankTrack
csr policies
2019-04-01 00:00:00

Statement on Modern Slavery and Human Trafficking

2019-04-01 00:00:00 | Unicredit
csr policies
2019-03-04 00:00:00

Statement on climate change

Date listed represents date as accessed on website
2019-03-04 00:00:00 | UniCredit
correspondence
2018-10-16 00:00:00

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

2018-10-16 00:00:00 | BankTrack and 120 organisations
csr policies
2018-09-25 00:00:00

Anti-money laundering questionnaire

2018-09-25 00:00:00 | UniCredit
annual reports
2018-01-31 00:00:00

Integrated Report 2017

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

Anti-Bribery and Anti-Corruption Policy

2018-01-31 00:00:00 | UniCredit
csr policies
2017-12-31 00:00:00

Statement on Modern Slavery Act and human trafficking

2017-12-31 00:00:00 | UniCredit
bank documents
2017-09-01 00:00:00

Tax Strategy

2017-09-01 00:00:00 | UniCredit
csr policies
2017-05-01 00:00:00

Code of Conduct

Global Policy
2017-05-01 00:00:00 | UniCredit
annual reports
2017-04-13 00:00:00

2016 Integrated Report

Our sustainable value creation
2017-04-13 00:00:00 | UniCredit
correspondence
2017-03-14 00:00:00

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
2017-02-21 00:00:00

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
2017-02-14 00:00:00

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
2016-09-13 00:00:00

Annual consolidated report 2015

Inside real life. A 360 degree view
2016-09-13 00:00:00 | Unicredit
correspondence
2016-07-05 00:00:00

Letter from BankTrack et al. to UniCredit on EPH financing

2016-07-05 00:00:00 | BankTrack et al.
bank documents
2016-07-05 00:00:00

Economic, Social, Environmental approach

2016-07-05 00:00:00 | UniCredit
our publications
2016-06-30 00:00:00

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
csr policies
2016-06-15 00:00:00

Environmental Commitment

2016-06-15 00:00:00 | Unicredit
our publications
2016-06-13 00:00:00

Poland – Banks funding the dirtiest form of coal

2016-06-13 00:00:00 | BankTrack
csr policies
2016-04-09 00:00:00

Human Rights Commitment

2016-04-09 00:00:00 | UniCredit
annual reports
2016-03-01 00:00:00

Integrated report 2015

includes sustainability report
2016-03-01 00:00:00 | Unicredit
annual reports
2015-05-18 00:00:00

Annual consolidated Report 2014

2015-05-18 00:00:00 | UniCredit Group
our publications
2014-12-02 00:00:00

Banking with Principles?

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2014-12-02 00:00:00 | BankTrack
ngo documents
2014-10-01 00:00:00

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
2014-07-01 00:00:00

Position statement on coal fired power generation

2014-07-01 00:00:00 | UniCredit
csr policies
2014-05-06 00:00:00

Mining Industry Statement

2014-05-06 00:00:00 | UniCredit
csr policies
2013-09-05 00:00:00

Position Statement concerning the Water Infrastructure Industry (Dams)

2013-09-05 00:00:00 | UniCredit
csr policies
2013-08-01 00:00:00

Whistle blowing global policy

2013-08-01 00:00:00 | UniCredit
csr policies
2013-01-28 00:00:00

Position statement on nuclear energy

2013-01-28 00:00:00 | UniCredit
bank documents
2012-12-06 00:00:00

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
2012-10-29 00:00:00

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
2012-06-20 00:00:00

Worldwide investments in Cluster munitions, a shared responsibility

2012-06-20 00:00:00 | IKV Pax Christi & FairFin
our publications
2011-11-30 00:00:00

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
2010-12-21 00:00:00

Position Statement on Defense / Weapons Industry

2010-12-21 00:00:00 | UniCredit
correspondence
2010-12-18 00:00:00

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

2010-12-18 00:00:00 | Banktrack
our publications
2010-04-27 00:00:00

Close the Gap

Benchmarking investment policies of international banks
2010-04-27 00:00:00 | BankTrack
ngo documents
2010-04-01 00:00:00

Summary Table 'Hall of Fame and runners-up'

2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi
bank documents
2009-05-06 00:00:00

Environmental Sustainability Program

2009-05-06 00:00:00 | Unicredit
other documents
2008-02-12 00:00:00

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

2008-02-12 00:00:00 | Profundo, Die Grünen
ngo documents
2006-07-04 00:00:00

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

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

Media

Photos from Re:Common's Punta Catalina fact-finding mission

Green March protestors keep up the pressure on Dominican Republic's president, as the Odebrecht corruption scandal continues, August 2017. View of the Punta Catalina construction site, August 2017. Some Punta Catalina coal project greenwash, August 2017 Green March protestors outside the Punta Catalina construction site, August 2017. The Punta Catalina construction site, August 2017.



Links

UniCredit's sustainability home page

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

Unicredit Policies and Guidelines

https://www.unicreditgroup.eu/en/a-sustainable-bank/our-capitals/esg-approach/policies-and-guidelines.html

Policies

Voluntary initiatives

UniCredit has committed itself to the following voluntary standards:
  • Carbon Disclosure Project
  • Equator Principles
  • Global Reporting Initiative
  • Natural Capital Declaration
  • Thun Group on Human Rights
  • UNEP Finance Initiative
  • United Nations Global Compact

Investment policies

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

Year:
csr policies
2019-11-27 00:00:00

Coal Sector Policy

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

Arctic and Non-Conventional Oil & Gas Industry Sector Policy

2019-11-27 00:00:00
csr policies
2019-04-01 00:00:00

Statement on Modern Slavery and Human Trafficking

2019-04-01 00:00:00 | Unicredit
csr policies
2019-03-04 00:00:00

Statement on climate change

Date listed represents date as accessed on website
2019-03-04 00:00:00 | UniCredit
csr policies
2018-09-25 00:00:00

Anti-money laundering questionnaire

2018-09-25 00:00:00 | UniCredit
csr policies
2018-01-31 00:00:00

Anti-Bribery and Anti-Corruption Policy

2018-01-31 00:00:00 | UniCredit
csr policies
2017-12-31 00:00:00

Statement on Modern Slavery Act and human trafficking

2017-12-31 00:00:00 | UniCredit
csr policies
2017-05-01 00:00:00

Code of Conduct

Global Policy
2017-05-01 00:00:00 | UniCredit
csr policies
2016-06-15 00:00:00

Environmental Commitment

2016-06-15 00:00:00 | Unicredit
csr policies
2016-04-09 00:00:00

Human Rights Commitment

2016-04-09 00:00:00 | UniCredit
csr policies
2014-07-01 00:00:00

Position statement on coal fired power generation

2014-07-01 00:00:00 | UniCredit
csr policies
2014-05-06 00:00:00

Mining Industry Statement

2014-05-06 00:00:00 | UniCredit
csr policies
2013-09-05 00:00:00

Position Statement concerning the Water Infrastructure Industry (Dams)

2013-09-05 00:00:00 | UniCredit
csr policies
2013-08-01 00:00:00

Whistle blowing global policy

2013-08-01 00:00:00 | UniCredit
csr policies
2013-01-28 00:00:00

Position statement on nuclear energy

2013-01-28 00:00:00 | UniCredit
csr policies
2010-12-21 00:00:00

Position Statement on Defense / Weapons Industry

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

Campaigns

UniCredit and the Equator Principles

The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.

The Equator Principles exist already since 2003. UniCredit adopted the Equator Principles in 2003.

Reporting on the Equator Principles

UniCredit must report annually on its implementation of the Equator Principles. All information is supposed to be found here.

  • UniCredit is in compliance with its reporting obligations. The 2017 report can be found here.

Dodgy Deals

UniCredit is involved in financing the following Equator Principles projects that BankTrack considers controversial.

Active

Punta Catalina-Hatillo coal power plant Dominican Republic

energy plants - coal
Active

Trans Adriatic Pipeline (TAP) - international -

oil and gas
Active

Tufanbeyli coal power plant Turkey

energy plants - coal
On record

Baku-Tbilisi-Ceyhan oil pipeline Azerbaijan

oil and gas
On record

Liquified Natural Gas (LNG) project Papua New Guinea

oil and gas
On record

SOCAR Aegean Refinery Turkey

energy plants - coal | oil and gas

Human rights

True leader Front runner Follower Laggard
BankTrack has assessed UniCredit on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. UniCredit is assessed as a Follower, with a total score of 6/12.
Policy: 3/3Due dilligence: 1.5/3
Reporting: 1/3Remedy: 0.5/3
For more details, see Banking with Principles? 2016 update.

Equator Principles

Implementation and reporting

UniCredit is reporting on the implementation here.

Contact and complaints

Equator Principles Dodgy Deals

Projects

Active

Punta Catalina-Hatillo coal power plant Dominican Republic

energy plants - coal
Active

Trans Adriatic Pipeline (TAP) - international -

oil and gas
Active

Tufanbeyli coal power plant Turkey

energy plants - coal
On record

Baku-Tbilisi-Ceyhan oil pipeline Azerbaijan

oil and gas
On record

Liquified Natural Gas (LNG) project Papua New Guinea

oil and gas
On record

SOCAR Aegean Refinery Turkey

energy plants - coal | oil and gas

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…
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