Italian Group UniCredit signs the Natural Capital Declaration
The Italian group UniCredit, which operates in 22 European, Caucasus and Central Asian countries, joined the group of Natural Capital Declaration endorsers today.
Federico Ghizzoni, CEO of UniCredit said: “UniCredit acknowledges that only by preserving ecosystem services is it possible to maintain economic development in a sustainable way.
“Climate change, loss of biodiversity, soil degradation and water scarcity are undermining human activities. That is why, over recent years, we have engaged in a number of initiatives aiming at reducing direct and indirect impacts of our operations.
“Through our greenhouse gas abatement targets, our suppliers’ selection criteria, and our lending practices we are trying to demonstrate that businesses can play an active role in addressing the challenges of the 21st century. We engage with our customers and suppliers, and in private public partnership, so that businesses together with policy makers can contribute to preserve nature and eradicate poverty and hunger. For these reasons we endorse the Natural Capital Declaration.”
UniCredit’s public procurement policy emphasises environmental criteria, and the Group has expressed its commitment to implementing World Bank and International Finance Corporation performance standards in the General Group Credit Policy, as well as the Equator Principles in project finance.
In 2010, a review by KPMG of UniCredit’s Sustainability Report stated that the Group satisfied Global Reporting Initiative requirements at an A+ application level. The 2011 Dow Jones Sustainability Index gave the group an overall score of 78, 25 points above the average score.
UniCredit is planning to reduce its CO2 emissions by 30 percent by 2020, with a mid-term goal of a 15 percent reduction by 2012, as per the EU energy goal known as “20-20-20” (+20 percent renewable energies, -20 percent CO2 emissions, +20 percent energy efficiency) defined in the “Climate & Energy Package.”
The Group is also involved in both internal and external training activities on environmental impacts and works closely with several WWF national branches, as well as with WWF International via the ESP (Environmental Sustainability Programme).
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