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.
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.
Industry Benchmark
Unicredit's score of 67 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Unicredit's reported carbon emissions
In 2023, UniCredit reported significant carbon emissions, totalling approximately 26,072,000 kg CO2e for Scope 1 and about 21,422,000 kg CO2e for Scope 2 emissions globally. Additionally, Scope 3 emissions were recorded at around 29,683,000 kg CO2e, with notable contributions from upstream leased assets and business travel. In Italy, the bank's emissions included approximately 11,342,000 kg CO2e for Scope 1 and about 48,532,000 kg CO2e for Scope 2. UniCredit has set ambitious climate commitments, aiming for Net Zero on its own emissions by 2030. This target aligns with its membership in the Net Zero Banking Alliance, which it joined in October 2021. The bank is also focused on reducing its Scope 1 emissions intensity in power generation, targeting a reduction to 111 gCO2e/kWh by 2030, representing a 46.63% decrease from its 2021 levels. Historically, UniCredit has achieved a 60% reduction in Scope 1 and 2 emissions from 2008 to 2020, demonstrating its commitment to sustainability and environmental responsibility. The bank continues to strive for a lower carbon footprint while supporting Europe's green transition.
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| 2015 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 70,096,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 260,231,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 11,808,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions 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 participating in any of the initiatives that 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.
