We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Pietro Carlo Padoan is on the board of the IIF
Pietro Carlo Padoan (Chairman of the Board of Directors)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
UniCredit is a member of the IIF
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Pietro Carlo Padoan is on the board of the IIF
Pietro Carlo Padoan (Chairman of the Board of Directors)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
UniCredit is a member of the IIF
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Lionel Bignone is on the board of AFME
Lionel Bignone (Managing Director, Co-Head of Global Markets)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Guy Laffineur is on the board of AFME
Guy Laffineur (Deputy Head of CIB and Global Head of Markets, UniCredit)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Lionel Bignone is on the board of AFME
Lionel Bignone (Managing Director, Co-Head of Global Markets)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Guy Laffineur is on the board of AFME
Guy Laffineur (Deputy Head of CIB and Global Head of Markets, UniCredit)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Robert ZADRAZIL is on the board of EBF
Robert ZADRAZIL (President, Austrian Bankers’ Association; Chief Executive Officer, UniCredit Bank Austria AG)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
UniCredit is a member of the ABI (Italian Banking Association) which is a national member of the EBF
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Jean-Pierre Mustier is president of the EBF board
Jean-Pierre Mustier (CEO, UniCredit)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Robert ZADRAZIL is on the board of EBF
Robert ZADRAZIL (President, Austrian Bankers’ Association; Chief Executive Officer, UniCredit Bank Austria AG)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
UniCredit is a member of the ABI (Italian Banking Association) which is a national member of the EBF
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Jean-Pierre Mustier is president of the EBF board
Jean-Pierre Mustier (CEO, UniCredit)
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.
Open PDF file of Data Source
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).