Capital Finance International awards UniCredit as Best Social Impact Bank in Europe for the second time
UniCredit was named Best Social Impact Bank in Europe in 2021 by Capital FinanceInternational magazine (CFI.co). For the second consecutive year, the publication identified the bank as a leader in its commitment to the positive social impact of support activities for the real economy in Europe. The jury highlighted UniCredit’s contribution to building a solid and the significant efforts to integrate sustainability into all its business strategies. The offer of concrete solutions for sustainable development was also appreciated, including financial education initiatives for young people and capacity-building programs for women entrepreneurs, as well as the evident progress made in achieving ESG objectives.
Commenting on the award, Roberta Marracino, Head of Group ESG Strategy & Impact Banking, said: “We are extremely proud to be honored once again by CFI as Best Social Impact Banking. We will continue to work hard to achieve our ESG goals and strive to support the our customers and communities in the transition phase we are experiencing, ensuring an adequate transition for all towards an increasingly inclusive and sustainable economy and society. “Since its launch in Italy at the end of 2017, the Social Impact Banking (SIB) program has provided more than 5,270 loans, through social impact and microcredit initiatives in the 11 markets where UniCredit is present and has supported entrepreneurs and initiatives with a positive social impact for a total of over 295 million euros. (data at the end of June 2021).
The success of the Social Impact Banking program was also confirmed at the local level: in Hungary UniCredit was recently awarded the EFFEKT 2030 Community Investment Award in the Opportunity Business category, for the best Social Impact Banking, thanks to its local contribution to sustainable development, online with the Group’s ESG commitments and objectives.
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