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UniCredit SpA
UniCredit's GHG Emissions Data Preview
In 2024, UniCredit completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
UniCredit has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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aVerified Sources Behind UniCredit’s Greenhouse Gas (GHG) Emissions Data
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Insights into UniCredit's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofUniCredit amounted to125,242metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of UniCreditdecreased by 1.09%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
UniCredit's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are UniCredit's Scope 1 emissions?
In 2024, the total Scope 1 emissions of UniCredit were 24,412 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has UniCredit reduced its Scope 1 emissions over time?
Since 2019, UniCredit's Scope 1 emissions have decreased by 45.71%, reflecting a declining long-term trend in Scope 1 emissions over time.ad
Compared to the previous year(2023), UniCredit's Scope 1 emissions decreased by 6.37%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
What are UniCredit's Scope 2 emissions?
In 2024, UniCredit reported Scope 2 greenhouse gas (GHG) emissions of 16,702 tCOâ‚‚e using the market-based method and 100,830 tCOâ‚‚e using the location-based method.a
Has UniCredit reduced its Scope 2 emissions over time?
Since 2019, UniCredit's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 40.03%, reflecting a declining long-term trend in Scope 2 emissions over time.ad
Compared to the previous year(2023), UniCredit's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that UniCredit's emissions have plateaued with no significant change in its energy consumption footprint.ab
What methodology does UniCredit use for Scope 2 reporting?
In 2024, UniCredit reported its Scope 2 emissions using the market-based method and using the location-based method.a
UniCredit's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into UniCredit's Value Chain Emissions
In 2024, UniCredit reported 97,473,497 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of UniCredit includes a breakdown across 8of the 15 Scope 3 categories defined by the GHG Protocol,up from 4 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
UniCredit's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are UniCredit's Scope 3 emissions?
In 2024, UniCredit reported total Scope 3 emissions of 97,473,497 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 0.26%of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.74%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has UniCredit reduced its Scope 3 emissions over time?
Since 2019, UniCredit's Scope 3 emissionshave increased by 1,134,764.33%, reflecting a rising long-term trend in Scope 3 emissions over time.ad
Compared to the previous year (2023), UniCredit's Scope 3 emissions increased by 328,281.56%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
What categories of Scope 3 emissions does UniCredit disclose?
In 2024, UniCredit reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of UniCredit's Scope 3 emissions?
In 2024, the largest contributors to UniCredit's Scope 3 emissions were:a
- Investments (Cat. 15): 97,187,648 tCOâ‚‚e(99.71%)
- Purchased Goods and Services (Cat. 1): 175,259 tCOâ‚‚e(0.18%)
- Capital Goods (Cat. 2): 40,644 tCOâ‚‚e(0.04%)
UniCredit's Scope 3 Emissions by Categories
Insights into UniCredit’s GHG Emissions Intensity Compared to Industry Peers
In 2024, UniCredit reported Scope 1 greenhouse gas (GHG) emissions of 24,412 tCOâ‚‚e and total revenues of USD 27,659 millions. This translates into an emissions intensity of 0.88 tCOâ‚‚e per millions USD.a
UniCredit's Scope 1 Emissions Intensity Compared to Peers
How does UniCredit's GHG emissions intensity compare to its peers?
In 2024, UniCredit reported a Scope 1 emissions intensity of 0.88 tCOâ‚‚e per millions USD. Compared to the peer group median of 1.01, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does UniCredit rank on GHG emissions intensity within its industry?
In 2024, UniCredit ranked 12 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
UniCredit is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into UniCredit's Total Carbon Footprint
In 2024, UniCredit reported a total carbon footprint of 97,598,739 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 62,339.22% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to UniCredit's total carbon footprint was Scope 3 emissions, accounting for 99.87% of the company's total carbon footprint, followed by Scope 2 emissions at 0.1%.a