Unipol Sustainability Profile
Unipol, officially known as Unipol Gruppo S.p.A., is a prominent player in the Italian insurance and financial services industry, headquartered in Bologna, Italy. Founded in 1962, the company has evolved significantly, establishing itself as a leader in both life and non-life insurance sectors, as well as banking services. With a strong presence across Italy, Unipol offers a diverse range of products, including health, property, and casualty insurance, distinguished by their customer-centric approach and innovative solutions. The company has achieved notable milestones, including strategic acquisitions that have bolstered its market position. Recognised for its commitment to sustainability and social responsibility, Unipol continues to set benchmarks in the industry, making it a trusted choice for millions of customers.
DitchCarbon Score
How does Unipol'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 Insurance Services 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
Unipol's score of 49 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Unipol's reported carbon emissions
In 2023, Unipol reported total carbon emissions of approximately 7.7 billion kg CO2e. This figure includes Scope 1 emissions of about 8.6 million kg CO2e, Scope 2 emissions of approximately 5.9 million kg CO2e, and Scope 3 emissions amounting to about 7.7 billion kg CO2e. The Scope 3 emissions are notably significant, with categories such as investments contributing approximately 819.6 million kg CO2e and downstream transportation and distribution accounting for about 541.2 million kg CO2e. Unipol is committed to supporting the transition to a low-carbon economy, with specific plans to divest from coal by 2030. This commitment applies to both Scope 1 and Scope 2 emissions, reflecting a long-term strategy aimed at reducing their carbon footprint. The company has not specified overall reduction percentages but is actively engaging with investees that have a significant climate impact. The emissions data is sourced from Unipol Assicurazioni S.p.A., and no cascading from a parent organization has been noted. Unipol's climate initiatives align with industry standards, demonstrating a proactive approach to managing and reducing carbon emissions.
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| 2018 | 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 8,924,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 38,937,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Unipol's Industry?
How Carbon Intensive is Unipol's Location?
Unipol's Scope 3 Categories Breakdown
Unipol's Scope 3 emissions, which decreased by 1% last year and increased by approximately 0% since 2021, 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 "Investments" being the largest emissions source at 11% of Scope 3 emissions.
Top Scope 3 Categories
Unipol'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.
Unipol 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.
