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Last update: 2021-01-07 16:12:36

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UniCredit Tower in Milan, Italy. Photo: Daniel Case via Wikimedia (CC BY SA 3.0)

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 Milano
Italy
CEO/chair Mr. Jean Pierre Mustier
CEO
Supervisors
Banca d'Italia & Bundesbank
Annual reports Annual report 2019
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.

Dodgy Deals map

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Policy Assessments

Banks, climate and energy

Bank policy scores on fossil fuel financing

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
UniCredit Group
2020-09-04
ITA
100.5
1.015E+29
0
Italy
Profile
Laggard
Follower
Front runner
100.5
Leader
1599170400
Last update: 2020-09-04
Explanation

Total: 100.5 points out of 200

25.5 points out of 120 for oil and gas policy.

75 points out of 80 for coal policy.

See: Banking on Climate Change - policy scores

Explanation

A bank can obtain a total of 200 policy points for its overall 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 (0-50 points), followers (50.5-100 points), front runners (100.5-150 points) or leaders (150.5-200 points).

For more details see this page.

Bank policy scores on fossil fuel expansion

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
UniCredit Group
2020-09-04
ITA
47
4.8E+28
0
Italy
Profile
Laggard
Follower
Front runner
47
Leader
1599170400
Last update: 2020-09-04
Explanation

Total: 47 points out of 89

3 points for a moderate exclusion of tar sands projects: UniCredit prohibits financing for tar sands extraction projects, as well as "pipelines and other infrastructure SOLELY related" to tar sands -- which does not necessarily include all tar sands pipelines.

3 points for a moderate exclusion of Arctic oil and gas projects: UniCredit prohibits financing for Arctic oil extraction projects, onshore and offshore, and Arctic offshore gas extraction projects only, as well as "pipelines and other infrastructure SOLELY related" to onshore and offshore Arctic oil or offshore Arctic gas.

1.5 points for a weak exclusion of offshore oil and gas projects: UniCredit prohibits financing for ultra-deepwater oil and gas extraction projects, as well as "pipelines and other infrastructure SOLELY related" to ultra-deepwater oil and gas.

3 points for a moderate exclusion of fracked oil and gas projects: UniCredit prohibits financing for shale oil and gas extraction projects (including the use of fracking to extract shale oil and gas), as well as "pipelines and other infrastructure SOLELY related" to shale oil and gas. This pipeline commitment is too narrow to merit "strong exclusion."

1.5 points for a weak exclusion of LNG projects: UniCredit prohibits financing for LNG projects that are fed by shale gas, ultra-deepwater gas, or Arctic offshore gas.

6 points for a strong exclusion of coal mining projects: UniCredit excludes all types of banking services aimed at a coal-related project activity, regardless of any other consideration. This includes finance for new coal mines, existing coal mines and the expansion of coal mines.

8 points for a strong exclusion of companies expanding coal mining (coal mine developers): UniCredit does not provide any financial services to coal-related subjects (defined as all the companies/subjects operating in coal-fired power generation area + the thermal coal mining area) that expand the coal business (e.g. by expanding existing coal capacity or buying/building new production sites).

6 points for a strong exclusion of coal power projects: UniCredit excludes all types of banking services aimed at a coal-related project activity, regardless of any other consideration. This includes finance for new coal plants, existing coal plants and the expansion of coal plants.

8 points for a strong exclusion of companies expanding coal power (coal power developers): UniCredit does not provide any financial services to coal-related subjects (defined as all the companies/subjects operating in coal-fired power generation area + the thermal coal mining area) that expand the coal business (e.g. by expanding existing coal capacity or buying/building new production sites).

3 points for a strong exclusion of coal infrastructure projects: UniCredit excludes all types of banking services aimed at coal-related project activities (including infrastructures), regardless of any other consideration.

4 points for a strong exclusion of companies expanding coal infrastructure: UniCredit does not provide any financial services to coal-related subjects (defined as all the companies/subjects operating in coal-fired power generation area + the thermal coal mining area) that expand the coal business (e.g. by expanding existing coal capacity or buying/building new production sites). This commitment includes distribution.

See: Banking on Climate Change - policy scores

Relevant policies
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
2020-08-31 00:00:00

Coal sector global policy

2020-08-31 00:00:00
References
2020-9-9

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

2020-9-9
Reclaim Finance
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: 9 points
  • Arctic oil and gas: 9 points
  • Offshore oil and gas: 9 points
  • Fracked oil and gas: 9 points
  • LNG: 9 points
  • Other oil and gas: 9 points

A bank can obtain a total of 89 policy points for its fossil fuel expansion policy. Based on this score, banks are then classified as laggards (0-22.25 points), followers (22.25-44.5 points), front runners (44.5-66.75 points) or leaders (66.75-89 points).

For more details see this page.

Bank policy scores on oil and gas financing

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
UniCredit Group
2020-03-01
ITA
25.5
26500000000
0
Italy
Profile
Laggard
25.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 25.5 points out of 120

5 points out of 20 for tar sands policy: see here.

5 points out of 20 for Arctic oil and has policy: see here.

3.5 points out of 20 for offshore oil and gas policy: see here.

8 points out of 20 for fracked oil and gas policy: see here.

3.5 points out of 20 for LNG policy: see here.

0.5 point out of 20 for other/conventional oil and gas: see here.

See: Banking on Climate Change - policy scores

Explanation

For each of the six subsectors, 20 possible policy points can be obtained, so a bank can obtain a total of 120 policy points for its oil and gas policies. Based on this score banks are then classified as laggards (0-30 points), followers (30.5-60 points), front runners (60.5-90 points) or leaders (90.5-120 points).

For more details see this page.

Bank policy scores on tar sands

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
UniCredit Group
2020-03-01
ITA
5
6000000000
0
Italy
Profile
Laggard
5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 5 points out of 20

3 points for a moderate exclusion of tar sands projects: UniCredit prohibits financing for tar sands extraction projects, as well as "pipelines and other infrastructure SOLELY related" to tar sands -- which does not necessarily include all tar sands pipelines.

2 points for a weak exclusion threshold for tar sands companies: UniCredit requires new and existing clients to get ≤25% of their revenue from tar sands extraction; tar sands pipeline companies are not covered by this exclusion threshold. For existing clients above that threshold, they must have a plan to get below that threshold, to be evaluated annually.

See: Banking on Climate Change - policy scores

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

Arctic and Non-Conventional Oil & Gas Industry Sector Policy

2019-11-27 00:00:00
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 (1.5), moderate exclusion (3), strong exclusion (4)

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

  • None (0), weak exclusion (3), strong exclusion (5)

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), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its tar sands policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points). 

For more details see this page.

Bank policy scores on Arctic oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
UniCredit Group
2020-03-01
ITA
5
6000000000
0
Italy
Profile
Laggard
5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 5 points out of 20

3 points for a moderate exclusion of Arctic oil and gas projects: UniCredit prohibits financing for Arctic oil extraction projects, onshore and offshore, and Arctic offshore gas extraction projects only, as well as "pipelines and other infrastructure SOLELY related" to onshore and offshore Arctic oil or offshore Arctic gas.

2 points for a weak exclusion threshold for Arctic oil and gas companies: UniCredit requires new and existing clients to get ≤25% of their revenue from onshore and offshore Arctic oil and/or offshore Arctic gas. For existing clients above that threshold, they must have a plan to get below that threshold, to be evaluated annually.

See: Banking on Climate Change - policy scores

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

Arctic and Non-Conventional Oil & Gas Industry Sector Policy

2019-11-27 00:00:00
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 (1.5), moderate exclusion (3), strong exclusion (4)

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

  • None (0), weak exclusion (3), strong exclusion (5)

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), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its Arctic oil and gas policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on offshore oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
UniCredit Group
2020-03-01
ITA
3.5
4500000000
0
Italy
Profile
Laggard
3.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 3.5 points out of 20

1.5 points for a weak exclusion of offshore oil and gas projects: UniCredit prohibits financing for ultra-deepwater oil and gas extraction projects, as well as "pipelines and other infrastructure SOLELY related" to ultra-deepwater oil and gas.

2 points for a weak exclusion threshold for offshore oil and gas companies: UniCredit requires new and existing clients to get ≤25% of their revenue from ultra-deepwater oil and gas. For existing clients above that threshold, they must have a plan to get below that threshold, to be evaluated annually.

See: Banking on Climate Change - policy scores

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

Arctic and Non-Conventional Oil & Gas Industry Sector Policy

2019-11-27 00:00:00
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 (1.5), strong exclusion (4)

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

  • None (0), weak exclusion (3), strong exclusion (5)

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 20 policy points for its offshore oil and gas policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on fracked oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
UniCredit Group
2020-03-01
ITA
8
9.0E+18
0
Italy
Profile
Laggard
Follower
8
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 8 points out of 20

3 points for a moderate exclusion of fracked oil and gas projects: UniCredit prohibits financing for shale oil and gas extraction projects (including the use of fracking to extract shale oil and gas), as well as "pipelines and other infrastructure SOLELY related" to shale oil and gas. This pipeline commitment is too narrow to merit "strong exclusion."

5 points for a strong exclusion threshold for fracked oil and gas companies: UniCredit requires new and existing clients to get ≤25% of their revenue from shale oil and gas. For existing clients above that threshold, they must have a plan to get below that threshold, to be evaluated annually.

See: Banking on Climate Change - policy scores

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

Arctic and Non-Conventional Oil & Gas Industry Sector Policy

2019-11-27 00:00:00
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 (1.5), moderate exclusion (3), strong exclusion (4)

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

  • None (0), weak exclusion (3), strong exclusion (5)

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), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its fracking policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on LNG

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
UniCredit Group
2020-03-01
ITA
3.5
4500000000
0
Italy
Profile
Laggard
3.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 3.5 points out of 20

1.5 points for a weak exclusion of LNG projects: UniCredit prohibits financing for LNG projects that are fed by shale gas, ultra-deepwater gas, or Arctic offshore gas.

2 points for a weak exclusion threshold for LNG companies: UniCredit requires new and existing clients to get ≤25% of their revenue from LNG projects fed by shale gas, ultra-deepwater gas, or Arctic offshore gas. For existing clients above that threshold, they must have a plan to get below that threshold, to be evaluated annually.

See: Banking on Climate Change - policy scores

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

Arctic and Non-Conventional Oil & Gas Industry Sector Policy

2019-11-27 00:00:00
Explanation

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

1) Restriction on direct financing for LNG projects.

  • None (0), weak exclusion (1.5), strong exclusion (4)

2) Restriction on financing for companies that expand LNG.

  • None (0), weak exclusion (3), strong exclusion (5)

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

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

4) The bank’s commitment to exclude companies active in LNG 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 20 policy points for its LNG policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on other/conventional oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
UniCredit Group
2020-03-01
ITA
0.5
1500000000
0
Italy
Profile
Laggard
0.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0.5 point out of 20

0.5 point for enhanced due diligence/Equator Principles commitment regarding other/conventional oil and gas companies: UniCredit is a signatory to the Equator Principles.

See: Banking on Climate Change - policy scores

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 (4)

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

  • None (0), weak exclusion (3), strong exclusion (5)

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

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

A bank can obtain a total of 20 policy points for its other/conventional oil and gas policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on coal financing

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
UniCredit Group
2020-09-04
ITA
75
7.6E+37
0
Italy
Profile
Laggard
Follower
Front runner
Leader
75
1599170400
Last update: 2020-09-04
Explanation

Total: 75 points out of 80

30 points out of 32 for coal mining policy: see here.

30 points out of 32 for coal power policy: see here.

15 point out of 16 for coal infrastructure: see here.

See: Banking on Climate Change - policy scores

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 (0-20 points), followers (20.5-40 points), front runners (40.5-60 points) or leaders (60.5-80 points).

For more details see this page.

Bank policy scores on coal mining

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
UniCredit Group
2020-09-04
ITA
30
3.1E+37
0
Italy
Profile
Laggard
Follower
Front runner
Leader
30
1599170400
Last update: 2020-09-04
Explanation

Total: 30 points out of 32

6 points for a strong exclusion of coal mining projects: UniCredit excludes all types of banking services aimed at a coal-related project activity, regardless of any other consideration. This includes finance for new coal mines, existing coal mines and the expansion of coal mines.

8 points for a strong exclusion of companies expanding coal mining (coal mine developers): UniCredit does not provide any financial services to coal-related subjects (defined as all the companies/subjects operating in coal-fired power generation area + the thermal coal mining area) that expand the coal business (e.g. by expanding existing coal capacity or buying/building new production sites).

8 points for a strong phase-out commitment: UniCredit is committed to reduce its exposure to the coal sector to zero by 2028 globally.

8 points for a strong exclusion threshold for coal mining companies: UniCredit will not provide any banking services to coal-related subjects (including subsidiaries) that get more than 25% of their current revenues in the coal business. From end 2021 onwards, companies also need to have a credible plan in place phasing out their coal business by 2028.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-08-31 00:00:00

Coal sector global policy

2020-08-31 00:00:00
References
2020-9-9

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

2020-9-9
Reclaim Finance
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 (0-8 points), followers (8.5-16 points), front runners (16.5-24 points) or leaders (24.5-32 points).

For more details see this page.

Bank policy scores on coal power

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
UniCredit Group
2020-09-04
ITA
30
3.1E+37
0
Italy
Profile
Laggard
Follower
Front runner
Leader
30
1599170400
Last update: 2020-09-04
Explanation

Total: 30 points out of 32

6 points for a strong exclusion of coal power projects: UniCredit excludes all types of banking services aimed at a coal-related project activity, regardless of any other consideration. This includes finance for new coal plants, existing coal plants and the expansion of coal plants.

8 points for a strong exclusion of companies expanding coal power (coal power developers): UniCredit does not provide any financial services to coal-related subjects (defined as all the companies/subjects operating in coal-fired power generation area + the thermal coal mining area) that expand the coal business (e.g. by expanding existing coal capacity or buying/building new production sites).

8 points for a strong phase-out commitment: UniCredit is committed to reduce its exposure to the coal sector to zero by 2028 globally.

8 points for a strong exclusion threshold for coal power companies: UniCredit will not provide any banking services to coal-related subjects (including subsidiaries) that get more than 25% of their current revenues in the coal business. From end 2021 onwards, companies also need to have a credible plan in place phasing out their coal business by 2028.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-08-31 00:00:00

Coal sector global policy

2020-08-31 00:00:00
References
2020-9-9

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

2020-9-9
Reclaim Finance
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 (0-8 points), followers (8.5-16 points), front runners (16.5-24 points) or leaders (24.5-32 points).

For more details see this page.

Bank policy scores on coal infrastructure

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
UniCredit Group
2020-09-04
ITA
15
1.6E+37
0
Italy
Profile
Laggard
Follower
Front runner
Leader
15
1599170400
Last update: 2020-09-04
Explanation

Total: 15 point out of 16

3 points for a strong exclusion of coal infrastructure projects: UniCredit excludes all types of banking services aimed at coal-related project activities (including infrastructures), regardless of any other consideration.

4 points for a strong exclusion of companies expanding coal infrastructure: UniCredit does not provide any financial services to coal-related subjects (defined as all the companies/subjects operating in coal-fired power generation area + the thermal coal mining area) that expand the coal business (e.g. by expanding existing coal capacity or buying/building new production sites). This commitment includes distribution.

4 points for a strong phase-out commitment regarding coal infrastructure companies: UniCredit is committed to reduce its exposure to the coal sector to zero by 2028 globally.

4 points for a strong exclusion threshold for coal infrastructure companies: UniCredit will not provide any banking services to coal-related subjects (including subsidiaries) that get more than 25% of their current revenues in the coal business. From end 2021 onwards, companies also need to have a credible plan in place phasing out their coal business by 2028.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-08-31 00:00:00

Coal sector global policy

2020-08-31 00:00:00
References
2020-9-9

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

2020-9-9
Reclaim Finance
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)

For more details see this page.

Banks and human rights

BankTrack Human Rights Benchmark 2019

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
UniCredit
ITA
100
Italy
Laggard
Follower
Front runner
Leader
Explanation

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 this page.

Tracking the Equator Principles

EPFIs reporting status

BankLast update
Country
Details
Reporting period
PF deals under EP
Project names reported
% Project names reported
UniCredit Group
2020-12-22
ITA
2019
13
13
100
1.01000000014E+38
0
Italy
Profile
Reporting period
2019
PF deals under EP
13
Project names reported
13
% Project names reported
100
1608591600
Last update: 2020-12-22
Explanation

EP reporting page: https://equator-principles.com/reporting-unicredit-spa-2019/

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

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

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, Re:Common, Reclaim Finance, 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, Re:Common
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

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

Italy's UniCredit to exit thermal coal financing by 2023

2019-11-26 | Reuters
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 | 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

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:
our publications
2020-11-24 00:00:00

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

2020-11-24 00:00:00 | BankTrack
ngo documents
2020-10-31 00:00:00

High Risk, Low Reward

An overview of European banks' position on oil sands
2020-10-31 00:00:00 | ShareAction
our publications
2020-10-20 00:00:00

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
2020-08-31 00:00:00

Coal sector global policy

2020-08-31 00:00:00 | Unicredit
our publications
2020-07-15 00:00:00

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
csr policies
2020-07-01 00:00:00

Commitment on rainforests

2020-07-01 00:00:00 | UniCredit
annual reports
2020-05-19 00:00:00

Annual report 2019

2020-05-19 00:00:00 | UniCredit
our publications
2020-03-18 00:00:00

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
correspondence
2019-12-10 00:00:00

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
2019-11-27 00:00:00

Arctic and Non-Conventional Oil & Gas Industry Sector Policy

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

Deutsche Banken spielen mit dem Feuer

2019-09-30 00:00:00 | Facing Finance
bank documents
2019-06-30 00:00:00

Whistleblowing Policy

2019-06-30 00:00:00 | UniCredit
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
bank documents
2019-04-30 00:00:00

UniCredit Group Tax Strategy

2019-04-30 00:00:00 | UniCredit
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
annual reports
2018-12-31 00:00:00

Integrated Report 2018

2018-12-31 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
2017-05-01 00:00:00

Code of Conduct

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.
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
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
2015-05-04 00:00:00

The end of coal?

2015 Coal Finance Report Card
2015-05-04 00:00:00 | BankTrack, Rainforest Action Network and Sierra Club
csr policies
2015-03-31 00:00:00

Environmental Commitment

2015-03-31 00:00:00 | UniCredit
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
our publications
2014-10-29 00:00:00

Banking on Coal 2014

2014-10-29 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
2014-05-06 00:00:00

Position statement concerning the mining industry

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
2013-01-28 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
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

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:
  • Klimaschutz-Selbstverpflichtung des Finanzsektors
  • Carbon Disclosure Project
  • Equator Principles
  • Global Reporting Initiative
  • Natural Capital Declaration
  • Paris Agreement Capital Transition Assessment (PACTA)
  • Principles for Responsible Banking (PRB)
  • 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
2020-08-31 00:00:00

Coal sector global policy

2020-08-31 00:00:00 | Unicredit
csr policies
2020-07-01 00:00:00

Commitment on rainforests

2020-07-01 00:00:00 | UniCredit
csr policies
2019-11-27 00:00:00

Arctic and Non-Conventional Oil & Gas Industry Sector Policy

2019-11-27 00:00:00 | UniCredit
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
2017-05-01 00:00:00

Code of Conduct

2017-05-01 00:00:00 | UniCredit
csr policies
2016-04-09 00:00:00

Human Rights Commitment

2016-04-09 00:00:00 | UniCredit
csr policies
2015-03-31 00:00:00

Environmental Commitment

2015-03-31 00:00:00 | UniCredit
csr policies
2014-05-06 00:00:00

Position statement concerning the mining industry

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
2013-01-28 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

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

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…
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