Unicredit Sustainability Profile
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 73 is higher than 85% 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 2024, UniCredit reported significant carbon emissions, with Scope 2 emissions totalling approximately 19,411 kg CO2e and Scope 3 emissions reaching about 28,872,328,000 kg CO2e. The previous year, 2023, saw Scope 1 emissions of about 26,072,000 kg CO2e, Scope 2 emissions at approximately 21,422,000 kg CO2e (market-based), and Scope 3 emissions of about 29,683,000 kg CO2e. Notably, in Italy, Scope 1 emissions were around 11,342,000 kg CO2e, while Scope 2 emissions (location-based) were about 48,532,000 kg CO2e. 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 (NZBA), which also includes a commitment to address financed emissions by 2050. The bank has established a convergence target of 111 gCO2e/kWh for power generation by 2030, representing a 46.63% reduction from previous levels. Additionally, it aims to reduce its Scope 1 emissions intensity to 208 gCO2e/kWh by 2023 and further to 152 gCO2e/kWh by 2030. Overall, UniCredit's climate strategy reflects a strong commitment to reducing its carbon footprint and supporting the transition to a sustainable economy, with a focus on both operational and financed emissions.
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| 2008 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 99,479,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - |
| Scope 2 | 391,969,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000 |
| Scope 3 | 21,018,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000,000 |
How Carbon Intensive is Unicredit's Industry?
How Carbon Intensive is Unicredit's Location?
Unicredit's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Unicredit has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
