Public Profile

Unicredit

UniCredit S.p.A., a leading European commercial bank, is headquartered in Milan, Italy. Established in 1998, UniCredit has grown to become a significant player in the banking industry, with a strong presence across Central and Eastern Europe, as well as in Germany and Austria. The bank offers a comprehensive range of financial services, including retail banking, corporate banking, and investment solutions, distinguished by its customer-centric approach and innovative digital offerings. With a commitment to sustainability and responsible banking, UniCredit has achieved notable milestones, including recognition for its efforts in environmental, social, and governance (ESG) practices. As one of the largest banks in Europe, UniCredit continues to strengthen its market position through strategic partnerships and a focus on enhancing customer experience, making it a trusted choice for individuals and businesses alike.

DitchCarbon Score

How does Unicredit's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

47

Industry Average

Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

6

Industry Benchmark

Unicredit's score of 47 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.

96%

Unicredit's reported carbon emissions

In 2023, UniCredit reported total carbon emissions of approximately 100,555,000 kg CO2e, with emissions distributed across various scopes: 26,072,000 kg CO2e from Scope 1, 21,422,000 kg CO2e from Scope 2 (market-based), and 29,683,000 kg CO2e from Scope 3. Notably, in Italy, the bank's emissions were about 48,532,000 kg CO2e for Scope 2 and 11,342,000 kg CO2e for Scope 1. Over the years, UniCredit has demonstrated a commitment to reducing its carbon footprint. For instance, from 2013 to 2023, the bank has made significant strides in lowering its Scope 1 and 2 emissions, with a reduction from 82,533,000 kg CO2e (Scope 1) and 276,341,000 kg CO2e (Scope 2) in 2013 to the current figures. However, specific reduction targets or initiatives have not been disclosed, indicating a potential area for improvement in their climate strategy. Overall, UniCredit's emissions data reflects a proactive approach to climate commitments, although further transparency regarding specific reduction targets would enhance their sustainability profile.

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2013201420152020202120222023
Scope 1
82,533,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
Scope 2
276,341,000
000,000,000
000,000,000
00,000,000
00,000,000
00,000,000
00,000,000
Scope 3
12,119,000
00,000,000
00,000,000
0,000,000
00,000,000
00,000,000
00,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Unicredit's primary industry is Services auxiliary to financial intermediation (67), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Unicredit is headquartered in IT, which has a rank of low, indicating low grid carbon intensity.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Unicredit is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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