UniCredit Bank GmbH, commonly referred to as HypoVereinsbank, is a prominent financial institution headquartered in Munich, Germany. Established in 1998, it has since become a key player in the European banking sector, particularly within the DACH region, which includes Germany, Austria, and Switzerland. As part of the UniCredit Group, the bank offers a comprehensive range of services, including retail banking, corporate finance, and investment solutions. Its unique approach combines local expertise with international reach, catering to both individual and business clients. Notable achievements include a strong market position bolstered by innovative digital banking solutions and a commitment to sustainable finance. With a focus on customer-centric services, UniCredit Bank GmbH continues to shape the future of banking in Europe.
How does UniCredit Bank GmbH'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.
Mean score of companies in the 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.
UniCredit Bank GmbH's score of 33 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, UniCredit Bank GmbH reported total carbon emissions of approximately 1,038,173 kg CO2e. This figure includes Scope 1 emissions of 5,617 kg CO2e, Scope 2 emissions of 3,811 kg CO2e (market-based), and significant Scope 3 emissions totalling approximately 1,028,745 kg CO2e. The Scope 3 emissions breakdown reveals substantial contributions from purchased goods and services (82,249 kg CO2e) and business travel (920,000 kg CO2e). Comparatively, in 2018, the bank's total emissions were approximately 138,746,000 kg CO2e, with Scope 1 emissions at 54,358,000 kg CO2e, Scope 2 emissions at 73,633,000 kg CO2e, and Scope 3 emissions at 10,755,000 kg CO2e. This indicates a significant reduction in emissions over the years, although specific reduction targets or initiatives have not been disclosed. UniCredit Bank GmbH is a current subsidiary of UniCredit S.p.A., and its emissions data is cascaded from this parent organization. The bank has not specified any Science-Based Targets Initiative (SBTi) reduction targets or other formal climate pledges, indicating a potential area for future commitment.
Access structured emissions data, company-specific emission factors, and source documents
| 2015 | 2016 | 2017 | 2018 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 69,887,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000 |
| Scope 2 | 239,632,000 | 000,000,000 | 00,000,000 | 00,000,000 | 0,000 |
| Scope 3 | 12,388,000 | 00,000,000 | 0,000,000 | 00,000,000 | 0,000,000 |
UniCredit Bank GmbH's Scope 3 emissions, which decreased by 90% last year and decreased by approximately 92% since 2015, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 89% of Scope 3 emissions.
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 Bank GmbH 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.
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