UniCredit has been recognised by Capital Finance International (CFI.co) magazine as the Best Social Impact Bank in Europe in 2020. The judges highlighted UniCredit's determination to "make a difference and have an impact" as well as its redoubling of efforts considering the Covid-19 pandemic, to engage with stakeholders, map their concerns and needs, and adjust policies and product offering accordingly. UniCredit's commitment to creating a diverse and inclusive workplace was further highlighted as well as its "strong and meaningful corporate social responsibility policies".
Commenting on the award, Roberta Marracino, Head of Group ESG Strategy & Impact Banking, said: "We are very proud to be acknowledged by CFI as the Best Social Impact Bank in Europe. This tells us that our strong efforts through our Social Impact Banking programme, UniCredit Foundation and the Group's overall approach to ESG are noticed and valued by our stakeholders. Acting in a socially responsible way continues to be a priority for UniCredit. The Covid-19 crisis has made all of us much more aware of the role of corporations in driving positive social change. We will continue to do the right thing and work in this direction in line with the needs and interests of all our stakeholders."
Winners were selected by the Capital Finance International judging panel of industry experts seeking to identify individuals and organisations that contribute significantly to the convergence of economies and truly add value for all stakeholders.
UniCredit's Social Impact Banking has since launch supported more than 4,000 beneficiaries through Microcredit and Impact Financing as well as providing various financial education programmes to the benefit of around 50.000 young people and disadvantaged individuals.
In 2020 UniCredit has confirmed its continued strong social commitment by providing more than 6.4 billion euros to European SMEs[1] to help them mitigate the unprecedented Covid-19 emergency whilst also making significant donations in the various markets of the Group through UniCredit Foundation to support hospitals and different non-profit organisations on the front lines in the fight against the pandemic.
For more information on UniCredit SIB, please visit: https://www.unicreditgroup.eu/en/a-sustainable-bank/social-and-relationship-capital/social-impact-banking.html
Milan, 20 October 2020
Note
[1] As at 30/06/2020
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