The 2022 Banking on Climate Chaos report showed that UniCredit provided US$ 36.20 Billion in financing to the fossil fuel industry between 2016 and 2021. Find further details on UniCredit fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.

Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in the Coal Policy Tracker and Oil and Gas Policy Tool. Find further details on their assessment of UniCredit fossil fuel policy below.

BankTrack assessed UniCredit in its 2022 Global Human Rights Benchmark, where it achieved 6 points out of 14 and was ranked as a follower. In addition, UniCredit scored 0.3 out of 3 on how it responds to alleged human rights violations linked to its finance, which were raised by civil society organisations. More information is detailed in the "Accountability" section of this profile.

UniCredit is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.

BankTrack is keeping track of the public response of UniCredit to Russia's illegal invasion of Ukraine. UniCredit did not publicly condemn the war. UniCredit is considered by Leave-Russia.org to be "still operating" in Russia.  We categorise its exposure to Russia as large, with over $8.1bn of financial assets. UniCredit supports the Russian fossil fuel industry through loans, and underwriting. For further details, see the table linked below.