Unicredit

Unicredit's reported carbon emissions

UniCredit, headquartered in Italy, has reported significant carbon emissions across its operations. In 2025, the bank's total carbon emissions, encompassing Scope 1, 2, and 3, amounted to approximately 129.38 billion kg CO2e. This figure is largely driven by Scope 3 emissions, which were approximately 129.32 billion kg CO2e, with a substantial portion of around 129.06 billion kg CO2e attributed to its investments. Scope 1 emissions for 2025 were approximately 29.10 million kg CO2e, and Scope 2 emissions (market-based) were around 27.14 million kg CO2e. Looking at previous years, total emissions in 2024 were not fully quantified due to a lack of Scope 3 data, but Scope 1 emissions were approximately 24.41 million kg CO2e and Scope 2 market-based emissions were about 16.70 million kg CO2e. In 2023, total emissions were approximately 29.68 million kg CO2e, with Scope 1 at around 26.07 million kg CO2e and Scope 2 market-based at approximately 21.42 million kg CO2e. Scope 3 emissions for 2023 were reported at approximately 30 million kg CO2e. UniCredit has established ambitious climate commitments. It has pledged to achieve Net Zero on its own operational emissions (Scope 1 and 2) by 2030. Furthermore, the bank aims for Net Zero on its financed emissions by 2050, as a member of the Net Zero Banking Alliance (NZBA). The bank also has a specific intensity target for the Power Generation sector, aiming for 111 gCO2e/kWh by 2030, which is a convergence target aligned with the IEA Net Zero 2050 scenario for Europe. In 2020, UniCredit achieved a notable 60% reduction in its combined Scope 1 and 2 emissions compared to 2008. The latest available data indicates that the bank is on track to meet its near-term Net Zero targets for own emissions.