UniCredit Tower in Milan, Italy. Photo: Daniel Case via Wikimedia (CC BY SA 3.0)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 | |
| Annual report | Annual report 2021 |
| Ownership |
listed on Borsa Italiana, 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. Stakeholders may however raise complaints via the OECD National Contact Points (see OECD Watch guidance). |
Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period.
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This page evaluates UniCredit's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
The bank publicly responded but did not acknowledge its link to the impact or comment on the specific issues raised.
Following the bank's response: The bank acknowledges its link to the impact, but still does not comment on or respond to the substance of the issues raised. Therefore, the score has been amended to 0.5.
No information available on whether the bank engaged with its client or took appropriate action.
Following the bank's response: The bank confirmed that it ""engaged with the customer and gathered statements and positions on the allegation"". The bank did not provide details of this engagement nor did the bank state whether it had required the company to take specific actions or that the bank had taken appropriate action itself. Therefore, the score remains unchanged.