UniCredit

InfluenceMap Score
C-
Performance Band
61%
Organisation Score
45%
Relationship Score
Sector:
Financials
Head​quarters:
Milan, Italy
Official Web Site:
Wikipedia:

UniCredit appears to have had limited engagement on sustainable finance policy. It has stated support for the role of finance in delivering the goals of the Paris Agreement, although in a 2021 website article it did highlight the need to broaden the investment focus to transition hard-to-abate emission businesses. UniCredit is a member of the Net-Zero Banking Alliance (NZBA) and in a letter in 2020 to EU leaders it advocated for action to achieve net-zero by 2050.

Media articles from 2019 indicate support for the taxonomy and caution over the introduction of a 'green supporting factor'. In response to the Commission in 2020, UniCredit did not support the expansion of the taxonomy to cover environmentally harmful activities. In the same consultation, UniCredit did state support for EU level verification of the EU Green Bond Standard and supported some of the Commission’s proposals for new ESG labels but not others. In its 2020 and 2021 CDP responses, it further appeared to support these policy areas, including the taxonomy, “green” standards and labels and the inclusion of the climate-related risks into risk management and prudential frameworks.

UniCredit has not disclosed any positions on sustainable finance policy on its website. UniCredit has listed some of its third-party memberships, but it has not disclosed key memberships to financial industry associations, such as board memberships in the Association for Financial Markets in Europe (AFME) and the European Banking Federation (EBF).

QUERIES
DATA SOURCES
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Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
41%
 
41%
 
48%
 
48%
 
46%
 
46%
 
42%
 
42%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.