Environmental and social risk assessments are guided by our environmental, social, operational and reputational risk sector policies as well as by our human rights commitment. Moreover, we proactively and reactively interact with the ESG rating agencies with the aim of communicating and monitoring the Group sustainability strategy, and improving our positioning and disclosure. Our sustainability performance is reflected in the key external ratings.
In line with our Purpose of empowering communities to progress, and in the context of an evolving external environment, we aim at steering our behaviour by enhancing our sustainability policies framework.
Certain sectors and activities require a specialized approach to ensure that transactional and related risks are properly addressed. We have developed detailed policies for those sectors relevant to UniCredit that are liable to special environmental and social risks.
We also have specific policies in place which contribute to human rights topics such as our Human Rights Commitment, as well as other regulations such as the Code of Conduct, the Anti-Bribery and Anti-Corruption Global Policy, the Whistleblowing Policy and the Anti-Money Laundering (AML) and Countering of Terrorist Financing (CTF) Policy.
These policies are inspired by international agreements, guidelines, and standards (including the International Finance Corporation Performance Standards, the World Bank Group Environmental, Health and Safety Guidelines and the principles of the UN Global Compact), as well as other practices widely employed by specific industries.
These policies are regularly reviewed in order to ensure their continued relevance.
Group Reputational Risk Management Global Policy
Cross topics
Sensitive sectors
Product framework
Engaging with stakeholders is essential to building trust.
We have an ongoing interaction with sustainability rating agencies, also supporting the increasing requests by investors for greater transparency, more stakeholder engagement and stronger sustainability management.

CDP is a not-for-profit charity that runs a global disclosure system on environmental impacts, supporting thousands of companies and others, to measure and manage their risks and opportunities in the environmental areas. It takes the information supplied in its annual reporting process and scores companies based on their journey through disclosure and towards environmental leadership. UniCredit received a B score.
- PDF | CDP 2024 Corporate Questionnaire (3.20mb)
- PDF | CDP 2023 Investor Information Request (1016.36kb)
- PDF | CDP 2022 Investor Information Request (854.87kb)
- PDF | CDP 2021 Investor Information Request (522.97kb)
- PDF | CDP 2020 Investor Information Request (411.11kb)
- PDF | CDP 2019 Investor Information Request (479.12kb)
- PDF | CDP 2018 Investor Information Request (485.03kb)
- PDF | CDP 2017 Investor Information Request (837.77kb)
- PDF | CDP 2016 Investor Information Request (435.89kb)
- PDF | CDP 2015 Investor Information Request (895.51kb)

Across 30 U.S. and international locations, ISS is a provider of corporate governance and responsible investment solutions, market intelligence and fund services, and events and editorial content for institutional investors and corporations, globally. Institutional Shareholder Services group of companies ("ISS") empowers investors and companies to build for long-term and sustainable growth by providing high-quality data, analytics, and insight.
UniCredit is ranked among the 10% of companies within the sector with the highest relative ESG performance.

MSCI Inc. is a provider of Environmental, Social and Governance (ESG) Indexes with over 1,500 equity and fixed income ESG Indexes designed to help institutional investors more effectively benchmark ESG investment performance and manage, measure and report on ESG mandates. MSCI ESG Ratings aim to measure a company's resilience to long-term, financially relevant ESG risks.
ESG rating stable at "AA" as of Dec 24; the bank continues to lead most international peers in pay practices and board structure.

S&P Global ESG Scores give financial institutions the transparency and flexibility to drill down into three underlying Environmental, Social and Governance & Economic Dimension Scores, and an average of 23 Criteria Scores.

Standard Ethics is a European solicited rating agency on ESG issues. It provides rating and gap analysis for companies and countries aspiring to assessing their sustainable and responsible performance in compliance with EU, OECD and UN guidelines.
Standard Ethics has confirmed UniCredit's "EE+" rating, only bank in Italy, for the strong compliance and the ability to manage key reputational risks.

Sustainalytics is a global leader in ESG and Corporate Governance research and ratings. Over the last 25 years, Sustainalytics has supported hundreds of the world's foremost investors who incorporate ESG and corporate governance insights into their investment processes. Sustainalytics states that UniCredit is at low risk of experiencing material financial impacts from ESG factors, due to its medium exposure and strong management of material ESG issues. UniCredit is noted for its strong corporate governance performance, which is reducing its overall risk.