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UniCredit S.p.A., commonly known as UniCredit, is a leading European commercial bank with its headquarters proudly located in Milan, Italy. Established in 1998 through the merger of several Italian banking groups, its roots trace back to Rolo Banca 1471, founded in 1473, making it one of the world's oldest banks.
As a prominent player in the Commercial Banking industry, UniCredit offers a comprehensive suite of financial products and services. These include retail banking, corporate and investment banking, private banking, and asset management, serving millions of clients across Europe.
UniCredit's robust presence extends beyond Italy, with significant operations in Central and Eastern Europe, positioning it as a key financial institution across the continent. Their commitment to innovation and customer-centric solutions differentiates their offerings in a competitive market.
78
DitchCarbon score
+17 vs industry average
Unicredit’s score of 78 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Commercial Banking is among the least carbon-intensive industries
Industry performance
0.108
20182025
The Commercial Banking industry has reduced its overall emissions by 36% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Unicredit's reported carbon emissions
UniCredit's carbon emissions in 2025 are approximately 129.38 billion kg CO2e. This includes about 29.1 million kg CO2e from Scope 1 emissions, 27.1 million kg CO2e from Scope 2 market-based emissions (or 92.9 million kg CO2e from Scope 2 location-based emissions), and approximately 129.32 billion kg CO2e from Scope 3 emissions.
In 2024, the company's total emissions were about 119.29 billion kg CO2e, comprising approximately 33.0 million kg CO2e from Scope 1, 33.6 million kg CO2e from Scope 2 market-based emissions (or 104.0 million kg CO2e from Scope 2 location-based emissions), and about 119.22 billion kg CO2e from Scope 3 emissions.
UniCredit aims to achieve Net Zero on its own emissions (Scope 1 and 2, market-based) by 2030. The company has also set an intensity target for its Power Generation sector, aiming for 111 gCO2e/kWh by 2030, representing a 46.63% reduction from 2021 levels. For Scope 3 financed emissions, UniCredit targets a 15% reduction by 2030 to 15.2 million tonnes CO2e. The company also committed to Net Zero on financed emissions by 2050, as part of its membership in the Net Zero Banking Alliance (NZBA).
Historically, UniCredit reported a 60% reduction in combined Scope 1 and Scope 2 emissions between 2008 and 2020. The company aims for an 80% reduction in its greenhouse gas emissions by 2030, with a 2020 baseline.
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Unicredit’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Unicredit21 days ago
78
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