UniCredit Bank GmbH Sustainability Profile
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.
DitchCarbon Score
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.
Industry Average
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.
Industry Benchmark
UniCredit Bank GmbH's score of 30 is higher than 51% 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 Bank GmbH's reported carbon emissions
In 2024, UniCredit Bank GmbH reported total carbon emissions of approximately 1,000,000 kg CO2e across all scopes. The breakdown includes Scope 1 emissions of about 5,617 kg CO2e, Scope 2 emissions of approximately 3,811 kg CO2e (market-based), and significant Scope 3 emissions totalling around 1,000,000 kg CO2e. Notably, the largest contributors to Scope 3 emissions were business travel (about 920,000 kg CO2e) and purchased goods and services (approximately 82,249 kg CO2e). Comparatively, in 2019, the bank's emissions were significantly higher, with Scope 1 emissions at about 45,721,000 kg CO2e, Scope 2 emissions reaching approximately 66,381,000 kg CO2e (market-based), and Scope 3 emissions at around 8,942,000 kg CO2e. This indicates a substantial reduction in emissions over the years, particularly in Scope 1 and 2 categories. Despite these reductions, UniCredit Bank GmbH has not set specific reduction targets through the Science Based Targets initiative (SBTi) or other formal climate pledges. The emissions data is cascaded from its parent company, UniCredit S.p.A., which provides a broader context for the bank's sustainability efforts. Overall, while UniCredit Bank GmbH has made progress in reducing its carbon footprint, the absence of formal reduction targets suggests an opportunity for further commitment to climate action.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 73,804,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000 |
| Scope 2 | 239,967,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000 |
| Scope 3 | 11,211,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is UniCredit Bank GmbH's Industry?
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UniCredit Bank GmbH's Scope 3 Categories Breakdown
UniCredit Bank GmbH's Scope 3 emissions, which decreased by 88% last year and decreased by approximately 91% since 2014, 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.
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UniCredit Bank GmbH'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 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.
