Corporate Knights' list of the most sustainable companies in the world for 2022 puts UniCredit at the top.
Corporate Knights' 2022 ranking of the World's Most Sustainable Corporations ranked UniCredit first in Italy and second globally. Sustainability is a key part of UniCredit Unlocked's 2022-2024 ESG goals.
In Corporate Knights' 2022 ranking of the World's Most Sustainable Corporations, UniCredit ranked first in Italy and second globally (751 companies). The bank's Global 100 Index rank for 2022 is 59.
UniCredit CEO Andrea Orcel:
"These results show our commitment to ESG. This commitment is to have our actions match our principles, leading by example within our own business and supporting our clients and communities through their own transitions. We must balance environmental actions with societal impact to build a sustainable society as quickly as possible."
This is the first time UniCredit has been included in Corporate Knights' Global 100 Index, which ranks the World's 100 Most Sustainable Corporations based on ESG metrics. The ranking evaluates 6,914 companies with over $1 billion in revenue. It reveals the evolution of ESG priorities and outcomes and the gap between leading sustainability performers and their global peers.
Sustainability is a key lever of the new UniCredit Unlocked business strategy, which the bank presented in December 2021. This includes €150 billion in new ESG lending, investment products, sustainable bonds, and social lending. UniCredit will invest €100 million to ensure equal pay for equal work and has a net-zero emissions target for 2030 and 2050.
Corporateknights.com/global100 has a digital version of the ranking, national scorecards, and contextual and methodological information.
Global 100 Methodology: All companies are scored on applicable metrics relative to their peers, with 50% of the weight assigned to Clean Revenue and Clean Investment. Nine of the indicators have fixed weights; the rest are assigned weights according to each industry's relative and total impact in relation to the overall economy. After quantitatively analysing data for 23 key performance indicators, this year's overall scores were converted to letter grades.
About Corporate Knights: Corporate Knights Inc. includes the sustainable-business magazine Corporate Knights and a research division that produces rankings and financial product ratings based on corporate sustainability performance.
Source: UniCredit news