UniCredit

"The objective is to ensure that our activity does not favor deforestation or forest degradation, unless appropriately mitigated. We will not provide financial services to customers involved directly (and in case of specific projects also indirectly) in: illegal logging; wood registered in violation of traditional and civil rights; wood immersed in forests where high conservation values are threatened by industry; or forests converted illegally into planting or illegal use of fire. For project finance transactions including project finance advisory, along with certain project-related corporate loans and bridge loans, the standards established by the Equator Principles also apply. This commitment refers to all transactions project related with a potential impact on rainforests."

"Transactions that carry intrinsically higher risks require an independent expert or third-party review (e.g. Environmental and Social Impact Assesment or equivalent) in order to ensure a rigorous approach to identifying, quantifying and, where appropriate, mitigating and monitoring risks. [...] Framework of standards for determining, assessing and managing environmental and social risk for large projects [...] Framework of sector-specific standards/guidelines to identify, assess and mitigate environmental, social and reputational risks/impacts on an ongoing basis with our clients [...] >900 transactions were screened for environmental, social and reputational risk issues (vs. >700 in 2018) [...] >200 transactions were screened for environmental, social/human rights and reputational risk issues"