Sustainability Publication by UniCredit Bank

As one of the leading companies in the industry, UniCredit Bank has a prominent role to play in raising awareness of sustainability, and backs this up with strong results in its sustainability publication, according to statement by the bank

The publication summarizes the company's key achievements in the ESG field.

Spectacular green results
Already in 2020, the bank reduced its CO₂ emissions by 18% compared to the previous year, and in 2022 it contributed to further reductions by planting 2,000 trees in Hungary, which will be complemented by planting more trees this autumn. Annual electricity consumption in 2020 was reduced by 22.66% compared to the previous year, and paper consumption was reduced by 37.5% in the following year compared to 2019. By 2022, the use of plastic bottles in their office buildings and branch network was phased out. As part of its green energy programme, UniCredit switched to green electricity for 100% of its contracted electricity by 2022.

Programs for positive social change
In addition to the financial return on investment, UniCredit also attaches importance to social return, and therefore pays special attention to the development of businesses with a positive social impact. The Social Impact Banking program finances business projects of for- and non-profit organizations that create social improvement and measurable value in society. The program also provides training and mentoring to develop the business and financial literacy of businesses and young people. In 2021, the program won the Effect 2030 – Community Investment Sustainability Award in the category ‘Business Creating Opportunity’.

UniCredit Group's foundation initiative, UniCredit Foundation Call for Europe, supports local projects for children with nearly EUR half a million annually. In 2021, it supported 48 projects in 12 countries, including child welfare projects of four local organizations.

A diverse company
UniCredit believes that the more diverse the personalities and skills of its employees, the more diverse the perspectives and grassroots initiatives can be. That is why they pay special attention to promoting a diverse corporate culture.

The programs to support female employees are based on specific research within the Bank, which has identified the barriers and difficulties women face in their career paths and the factors that prevent them from progressing. The bank's maternity program has introduced a new form of employment for their colleagues on maternity leave, based on 100% remote working.