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Created before Nov 2016
Last update: 2017-09-15 12:43:58
Antonio Tricarico, Re:Common
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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. UniCredit 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 17 European countries: Austria, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Germany, Italy, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey, Ukraine and Hungary.
Plazza Gae Aulenti 3 tower A
Mr. Jean-Pierre Mustier |
Annual consolidated report 2015|
Integrated report 2015
listed on Borsa Italia, Frankfurt Stock Exchange & Warsaw Stock Exchange
Publicly listed company
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Punta Catalina – the coal plant project that keeps on giving … a headache to European banks
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Dominicans on the march against Punta Catalina kickbacks, and want financiers out of the coal plant project
Odebrecht corruption in Dominican Republic – Five European banks urged to pull out of dirty coal plant financing
Odebrecht $92 million bribe: Just hours to deadline, utility produces papers
New report finds banks betting on climate change
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Banks not yet living up to UN human rights principles, finds BankTrack
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BankTrack welcomes Thun Group paper on banks and human rights
Kaliningrad Nuclear Plant: HypoVereinsbank follows BNP Paribas and pulls out. When will Coface and Société Générale follow suit?
BankTrack welcomes withdrawal Bank Austria from Mochovce Nuclear power plant
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Ilisu Dam Project: European Governments Officially Announce Withdrawal
Austria's ECA officially declares pull-out of Ilisu dam project
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Protest rallies against Turkish dam all over Europe
European banks withdraw from Belene nuclear power project
Banking with Principles? Second Edition June 2016
Letter from BankTrack to Thun Group on concerns regarding Thun Group discussion paper on human rights
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Dirty Profits III
The price of doing too little too late
Thun Group of Banks Response to a question at the UN Forum on Business and Human Rights, December 2012
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Voluntary initiativesUniCredit has committed itself to the following voluntary standards:
The policy and guidelines section of the UniCredit website can be found here.
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 involved in financing the following Equator Principles projects that BankTrack considers controversial.
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.
Implementation and reporting
UniCredit is reporting on the implementation here.
Contact and complaints
Equator Principles Dodgy Deals
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 we pushed the point further at a conference with the banks in 2014, they agreed to "explore options for addressing ... access to remedy." We look forward to the outcome.
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 are designed without a full containment building and cannot be upgraded. As such there is a higher probability of severe accidents and the release of radioactivity. Stopping this credit line is one more obstacle for these plants to ever be build.