REG. NO. IT - 000124
Environmental Statement 2009 Update
Protected Harmonies
Environmental Statement 2009 Update
Protected Harmonies
1
Contents
Introduction
UniCredit S.p.A.
Geographical location
The environmental commitment of the Unicredit Group
The environmental policy of the Unicredit Group
Analysis of environmental aspects
5
6
12
15
16
17
Direct environmental aspects
Energy consumption
Water consumption
Consumption of raw materials
Production of waste
Emissions into the atmosphere
Water drains
Dangerous substances
Mobility
Noise
Emergencies
Storage
Cfcs
Electromagnetic fields
17
18
21
22
23
25
26
26
26
26
26
27
28
28
Indirect environmental aspects
Aspects deriving from contracts for the maintenance and operation of systems or infrastructures of sites
Aspects associated with the activities of suppliers of products and services
Aspects deriving from activities of definition of lending policies
Aspects deriving from project financing activities
Aspects deriving from activities of informing and raising awareness of stakeholders
28
29
30
30
32
33
The management system and its areas of operation
Roles and responsibilities
Training, information, participation and internal communication
Aspects relating to the health and safety of workers
35
35
36
37
Improvement Targets and Programmes
39
Glossary
44
Reference legislation
46
Environmental inspector and validation
52
Contacts
52
Appendix 1 - Quantitative compendium of environmental data attributable to the sites
taken into consideration
53
Appendix 2 - Technical Schedule – Data on personnel and surface areas used for calculation
of the environmental indicators for the sites taken into consideration
54
3
20009 Environmentaal Statemennt
Introduction
UniCredit S.p.A.
Geographical location
Introduction
This document brings together elements of the annual revision of UniCredit S.p.A.’s “Environmental Statement”
for 2009, in accordance with EMAS Regulation No. 761/2001 of the European Union on voluntary participation by
organizations in a community eco-management and audit scheme.
Specifically, the following elements are presented:
• variations in the corporate structure and changes that have occurred at the organizational and operational level,
with particular reference to the Environmental Management System;
• quantitative data and indicators of the trend in environmental performance for the year of reference, so that a
comparison can be made with the environmental performance of the previous periods;
• the state of progress towards the targets already envisaged in the previous improvement programme and the new
targets set;
• any deviations from the environmental programme previously defined and the reasons for them.
In order to permit easier understanding and opportunities for comparison, the document was constructed following
the same structure as the 2008 “Environmental Statement” to which it refers: the sections not expressly indicated
are those for which no changes have occurred.
Introduction
5
UniCredit S.p.A.
UniCredit S.p.A. was founded in 1998 as the operational Holding Company (henceforth Holding or Parent Company) of the
UniCredit Group.
The origins of the Group go back to the founding of Rolo Banca in 1473, when the public pledge lending institution Monte di
Pietà di Bologna was created. In more recent times, the UniCredit Group was the result of the merger of nine leading Italian
banks, and later aggregations with the German group HVB and the Italian group Capitalia.
Today UniCredit is the largest banking group in Italy in terms of market capitalization, with approximately 39 billion euro
(October 2009), one of the leading European banking and financial groups in terms of size and earnings (Cost/Income ratio
of 54.5%, ROE of 4% and total assets of 957,709 million euro at September 2009).
The Group can boast a position of leadership in one of the richest regions in Europe, the triangle between Bavaria, Austria
and Northern Italy. The Group consists of a ‘’team’’ of more than 166,000 people.
Worldwide, UniCredit has 9,892 branches in 41 countries (data at September 2009) and agency offices in 20 foreign
countries, to which must be added collaboration relationships and agreements with highly specialized local companies.
A sophisticated organizational structure puts the UniCredit Group in an advanced position in the European banking world,
ensuring that it can offer its customers diversified solutions and a range of high-quality services and products capable of
meeting every need.
The strong points of the organization are its global financial skills combined with a local focus attentive to the diversity of the
markets.
Through its multi-specialist structure, every day and all over the world, UniCredit Group creates products and services tailormade for individuals, families, companies, public bodies and social organizations of every kind. Overall it provides services
and solutions to 40 million customers in Italy and other countries.
The Parent Company is responsible for maximizing the long-term value of the Group as a whole, guaranteeing unitary
governance of the Group, guidance and strategic control over its different member companies, the efficient provision of
services to the entire Group, also through dedicated companies and the management of the relevant profit centres.
To this end, the Parent Company has adopted an organizational model based on a divisional structure1 presiding over
business, product and service areas, as described below.
In 2009 the organizational structure of the Parent Company is divided into:
• Functions of guidance, support and control, with the aim of orienting, controlling and supporting, for the
respective areas of responsibility, management of the activities and the associated risks for the Group as a whole and
for the individual companies: Planning, Finance & Administration (CFO), Risk Management (CRO), Legal and Compliance,
Internal Audit, Human Resources, Institutional & Regulatory Strategic Advisory, Organization and Group Identity and
Communications2;
• Strategic Business Areas (SBAs): “Retail”, “Corporate & Investment Banking and Private Banking (“CIB&PB”)”
and “Global Banking Services” (“GBS”). The SBAs are under the direct control of their respective Deputy CEOs, highlighting
in this way the more direct involvement of the Deputy CEOs themselves in the business activities. The SBAs control, in
particular, the Business Units (“BUs”) – with the exclusion of Asset Management – which are based on the previous
Divisions;
• Asset Management: responsible for development of Asset Management in all geographical areas, including the
European Union and Poland, guiding, supporting and controlling the development of business activities at the regional
level;
• European Union Divisionalization Program, which concentrates under single responsibility the coordination
of the activities relating to the divisionalization of the European Union countries, including Poland. The function is
responsible for revenues, costs and overall risks of the European Union up to completion of the Divisionalization Program,
also, where appropriate, calling upon the services of the corresponding functions established in Bank Austria.
1. The organizational model adopted provides for the divisionalization of the Group Banks according to different levels of divisionalization for different countries,
based on dimensions, evolutionary stage and growth rate of each market.
2. In the area of the above functions the following Competence Lines are identified: Planning, Finance & Administration (CFO), Risk Management (CRO), Legal and
Compliance, Internal Audit, Human Resources, Organization and Identity and Communications.
Environmental Statement 2009 Update
6
As well as the names used to identify the different structures from an organizational point of view (Business Units,
departments, units), the different functions presiding over business, product and service areas are classified, in relation to
the nature of the responsibilities entrusted to them, as follows:
• Business Line (BLs), responsible for coverage of the customer/geographical segments of responsibility: Retail Italy
Network BU, Retail G&A Network BU, CIB Network Italy BU, CIB Network Germany BU, CIB Network Austria BU, Financial
Institution Groups (“FIG”) BU, Private Banking BU (which includes Private Banking Network Italy, Germany and Austria);
• Product Line (PLs), responsible for the centralized development of products/services: Household Financing BU, CIB
Financing & Advisory BU, Markets BU, Global Transaction Banking BU, Leasing BU and Asset Management BU;
• Key Business Function (KBFs), responsible for the definition of marketing strategies/activities for customer
segments of responsibility, e.g.: Global Marketing & Segments, CIB Strategy and Marketing;
• Service Line (SLs), responsible for maximizing the quality of the services offered mainly through the Group’s Global
Service Factories: ICT, Global Operations Services, Workout Services – which are controlled by the Group ICT & Operations
BU – and Real Estate;
• Key Service Function (KSFs), responsible for maximizing the quality of the services they control, e.g.: Global
Sourcing, Security and the Lifelong Learning Center3.
The Guidance, Support and Control Functions are:
• Human Resources Department, with the primary aim of attracting, retaining and developing high-quality
resources, supporting the Group’s strategic plans and consistent organizational development of these plans, ensuring the
definition of “Leadership Development Plans” and the application of the “Group Operating Values”, and the optimization of
the human capital, through the definition of “Performance Management Plans”, “Training Systems” and “Compensation
Systems”; it also defines the guidelines for the Group’s industrial relations;
• Internal Audit Department, with the primary aim of ensuring protection of the assets and corporate stability and
monitoring the continuity of the business and its conformity with laws and regulations, providing a “reasonable guarantee”
that the organization can achieve its aims in an efficient manner;
• Planning, Finance and Administration Department, through the following units:
- Capital Management, with the aim of assigning the capital to the various Business Unit/Entities and stimulating the
centres of responsibility of the Group to achieve the targets set;
- Planning and Control, with the aim of guiding and coordinating the processes of Planning and Control for the Group and
the Parent Company, and to ensure the planning and control of costs for the Group and the Parent Company;
- Finance and Asset & Liabilities Management (“ALM”), with the aim of ensuring maintenance of the ALM balances and
the economic and financial sustainability of the Group’s growth policy in the lending market, optimizing the exchange
rate and the liquidity risk profile for the Group and managing, in a centralized manner, strategic funding activities on the
financial markets;
- Accounting, Tax Affairs and Shareholding, with the aim of ensuring the immediate and true representation of the Group’s
accounting items, minimizing the amount of taxes payable and performing the function of referent for the Group in
relations with the Supervisory Authorities for the issues of pertinence;
- Investor Relations, with the purpose of overseeing communications with the financial community, with particular attention
to institutional investors, financial analysts and rating agencies;
- Group Credit Treasury, with the aim of carrying out, as Group advisor, Active Credit Portfolio Management (“ACPM”),
in order to reduce the absorption of capital, developing the “credit pricing discipline” and the “balance sheet turnover
velocity”, both at the level of each Entity and at the consolidated level;
• Legal & Compliance department, with the main aim of:
(i) ensuring the accuracy of formalities of a corporate nature
3. The Retail and CIB&PB SBAs are divided mainly into Business Lines, Product Lines and Key Business Functions for the perimeter of their respective
responsibilities.The GBS SBA is divided mainly into Service Lines and Key Service Functions in support of the business. The GBS SBA is also in charge of the
guidance, support and control functions Organization and Group Identity and Communications, in relation to the prevalence of profiles of service/support to the
business.
UniCredit S.p.A.
7
(ii) ensuring direct examination or supervision of the evolution of legislation and its uniform interpretation at the Group
level, and ensuring conformity with applicable laws, regulations and codes of conduct, with particular reference to those
with the greatest impact on external customers and/or which entail a high risk of fines or to reputation, through the
identification, assessment and monitoring of the overall compliance risks of the Group and the Entities;
(iii) providing support for the Parent Company’s structures in the area of intra-group legal disputes and contract forms, as
far as legal issues are concerned, and being the reference point for the Business Units / Regions with regard to legal
issues of interest;
(iv) providing legal support, at the Group level, for M&A activities;
• Group Risk Management Department, with the primary aim of minimizing the Group risks (e.g.: credit,
market and operational risks) through the definition of policies and methods designed to measure and control such risks,
optimizing also the cost of risks through the definition of guidelines, policies and the formulation of opinions on significant
exposures, in conformity with the legislation and with the internal and external rules of reference;
• Institutional and Regulatory Strategic Advisory Department, with the primary aim of providing
the Chief Executive Officer with support in relations with the European Institutional Organisms (including Italian ones),
with particular focus on issues regarding rationalization of the markets, contributing to the activities of the advisory
and strategic Committees competent at the European level and performing technical lobbying activities for the relevant
subjects.
The Retail Strategic Business Area (SBA) is divided into:
• Business Unit Retail Italy Network e Retail Germany and Austria Network, with the primary aim
of developing the Retail segment through a real European Retail strategy, guiding, supporting and controlling the Italian
Retail banks (UniCredit Banca, UniCredit Banca di Roma, Banco di Sicilia) and the Retail Business Line of the Entities HVB
and Unicredit Bank-Austria;
• Business Unit Household Financing, which coordinates the specialized Entities/Banks offering mortgage loans
or consumer credit/credit cards as a global business, for all geographical areas, including the EU and the Polish Market,
guiding, supporting and controlling the development of business activities at the regional level;
• Global Marketing and Segments Department, with the primary aim of defining strategies developed to
increase the total value of the customer portfolio over time, through growth of market share and profitability; dealing
with product innovation and service models, coordinating and controlling the practical effectiveness and adequacy of the
products for the reference markets of the Banks within the perimeter of the Retail SBA;
• Territorial Relations Department, with the primary aim of guiding and coordinating the activities of the
Territorial Committees, for the benefit of all customer segments, and developing concrete relations and initiatives in the
territories in combination with stakeholders.
The CIB & PB Strategic Business Area (SBA) is divided into:
• the CIB Network Italy, CIB Network Germany, CIB Network Austria Business Units responsible
for the coverage of the relevant customers in their respective countries;
• the Financial Institution Groups Business Unit, responsible for the coverage of Banks and Financial
Institutions;
• the Global Transaction Banking Business Unit, with the main aim of developing Cash management/Ebanking products, “Structured Trade and Export Finance” products, “Trade Finance” products, and of coordinating the
European Union GTB Business;
• the CIB Strategy and Marketing Department, responsible for: (i) defining business strategies, marketing
activities; (ii) performing analysis/benchmarking work on the business and on customers; (iii) managing the CRM
processes; (iv) developing Customer Satisfaction methodologies; (v) coordinating the GAM & CBBM business; (vi) providing
analysis and forecasts of macroeconomic trends and financial variables for the UniCredit Group (including economic
research, on fixed income securities, exchange rates, commodities, loans and equities, consolidating also the Group’s
research in Central and Eastern Europe);
2009 Environmental Statement
8
• the Leasing Business Unit, responsible for coordinating the leasing business carried out in the context of the
Group;
• the Financing & Advisory Business Unit, responsible for development of products/services dedicated to
Corporate and FIG customers;
• the Markets Business Unit, responsible for guidance of the activities of origination, structuring, distribution and
trading/market-making of financial products, both cash and derivatives, on the different asset classes (e.g.: interest rates,
exchange rates, commodities, equities, loans including securitisations), covering both the primary and the secondary
market;
• the Business Unit Private Banking, with the primary aim of developing the Private Banking segment, guiding,
supporting and controlling the development of business activities at the regional level, promoting and managing the Private
Banking Business Line at the regional level (HVB and Unicredit Bank-Austria), UniCredit Private Banking (the Italian Private
segment bank) and the specialized companies of the Banks/Entities for which the Business Unit is responsible;
• CIB Integration Management, with the aim of supporting the Manager of the SBA in the implementation of the
new “CIB” organizational model.
The GBS Strategic Business Area (SBA) is divided into:
• Group Organization & Logistics Department, with the aim of ensuring consistency of evolution of the
Group’s organizational and operational models with the business strategies, and supporting and improving the quality of
services and products offered, also with reference to the sourcing and management costs, directly or through the relevant
Service Factories, and defining policies for the real estate properties of the Parent Company and of the Entities, from an
administrative and technical point of view;
• the Group ICT & Operations Business Unit, responsible for the strategic and managerial coordination of the
companies/structures of the Group dedicated to the performance of IT, operational, credit recovery, and insurance services
and services of centralized operational administration known as Shared Services – in the initial Human Resources and
Accounting stage – as well as in the management of “Card Processing”;
• the Group Identity and Communications Department, with the primary aim of building and disseminating
the Group image, values, culture and identity – consistent and pursuable over time – through the work of internal and
external communication;
• the Security Department, with the primary aim of assessing, developing, updating and monitoring the oversight
and governance of subjects relating to the security of the Holding and the Entities;
• the Lifelong Learning Center Department, with the primary aim of planning and providing technical and
language training courses to the personnel of Group companies, based on a philosophy of “Lifelong Learning” (constant
training characterizing the individual’s entire professional career), pursuing objectives of effectiveness and low cost and
accompanying the dissemination of Group Policies.
The Asset Management Business Unit is responsible for development of Asset Management as a global business in
all geographical areas, including the EU and the Polish markets, guiding, supporting and controlling the development of
business activities at the regional level, through the specific sub-holding and the specialized Entities.
The European Union Divisionalization Program is divided into:
• the Poland’s Markets Business Unit, with the main aim of maximizing long-term value creation in the
geographical area of reference, through development of the business on the Polish market, guiding, supporting and
controlling the development of the Banks.
Within “Group Identity and Communications” is the Corporate Sustainability Unit, whose responsibilities are, among other
things, to ensure the consistency of the Group’s policies and programmes of sustainability/social responsibility, coordinating
and supporting the management of environmental issues (for example maintenance of the Environmental Management
System) and questions of social responsibility and preparing the Group’s Sustainability Balance Sheet.
UniCredit S.p.A.
9
Staff Structure
October 2009
CHAIRMAN
ORGANISMO DI VIGILANZA(2)
INTERNAL AUDIT
BOARD OF DIRECTORS
CEO
MANAGEMENT COMMITTEE
OTHER HOLDING COMMITT.
INSTITUT. &
REGULATORY
STRATEGIC ADVIS.
LEGAL AND
COMPLIANCE
GROUP RISK
MANAGEMENT
PLANN., FINANCE &
ADMINISTRATION
HUMAN
RESOURCES
CEE
DIVISIONALIZATION
PROGRAM(1)
RETAIL
STRATEGIC
BUSINESS AREA(1)
CIB & PB
STRATEGIC
BUSINESS AREA(1)
GBS
STRATEGIC
BUSINESS AREA(1)
Territorial Relations
Asset
Management
Household Financing
Retail Italy Network
Global Retail Mktg
& Segments
Poland’s Markets
Unicredit Bank Austria
Subholding
CIB Network
Italy
Global Transaction
Banking
CIB Strategy
and Marketing
Private Banking
Group
Organization &
Logistics
Group Operations
and ICT Factories
Group ICT
Group Identity &
Communications
CEE Retail
Retail G & A Network
CIB Network
GERMANY
Leasing
Security
CIB Network
AUSTRIA
Financing &
Advisory
Lifelong Learning
Center
Financial
Institutions Group
Markets
CEE CIB
CEE PB
CIB americas and
asia-pacific Region
Network
(1) Position covered by Deputy CEO/ Group Deputy General Manager
(2) Set up according to the Legislative Decree No. 231 dated June 8, 2001 with the responsibility to monitor functioning and compliance with the organization
and management model of UniCredit S.p.A. (“Model”) and to update the Model, maintaining a constant connection with the Board of Directors.
Geographical location
2009 Environmental Statement
10
11
Geographical location
The subject of the Environmental Statement is the Holding UniCredit S.p.A., so the following sites were taken into
consideration:
• “Cordusio”, a building at Via San Protaso 1/3, Milan;
• “Sant’Elia”, a building at via Livio Cambi 1, Milan;
• “Bodio”, a building at Viale Bodio 29, Milan (rented).
Geographical location of registered buildings
Sant’Elia
Bodio
Cordusio
The environmental assessment considered the spaces and the total number of people in the buildings in question
belonging to companies of the UniCredit Group. As regards consumption, the calculation was made “by site” and then
weighted on the basis of the real occupation attributable to UniCredit S.p.A..
In 2008 a number of sites used temporarily and in which employees of the Holding operated were disposed of. In
2009, a small proportion of employees of the Holding still work in the following sites:
• Offices at Corso Italia 3, in Milan;
• Offices at Via Santa Margherita 12, in Milan;
• Offices at Piazza Edison 1, in Milan;
• Offices at Via dei Montecatini 17, in Rome.
These sites were not taken into consideration in carrying out the analysis, because of their recent acquisition and/
or their non-definitive use and the limited presence of personnel working in them compared with the total number of
employees of the Holding.
The extension of the decisions, of the operating methods and of everything that makes up the system of management
and control of the significant environmental aspects is in any case ensured for all the personnel of UniCredit S.p.A.,
operating at any site anywhere in the country.
2009 Environmental Statement
12
13
20099 Environmental Statement
The environmental commitment of the UniCredit Group
The environmental policy of the UniCredit Group
Analysis of environmental aspects
Direct environmental aspects
Indirect environmental aspects
The environmental commitment of the
Unicredit Group
The UniCredit Group is conscious of how the financial sector can also play a fundamental role in the solution
of the great environmental problems at the global level. Leveraging its position as an important player on the
financial market, the Group is committed to protecting the environment and to combating climate change,
through constant investment in environmental initiatives of an innovative nature, the creation of solid partnerships
and the adoption of advanced environmental guidelines and policies.
In this field, in 2009 the UniCredit Group entered into an important strategic partnership at the international level
with the WWF – the authoritative non-governmental organization dedicated to protection of the environment –
with the aim of integrating environmental sustainability and the struggle against climate change into the banking
business, in line with the vision of the CEO of becoming the leading Group in Europe in terms of Sustainability.
The first commitment that the Group has made is to reduce CO2 emissions by 30% by 2020, supporting the
community objective, known as “20-20-20”, defined in the “Energy and Climate Package”. To this end, the
Group’s strategy on climate change focuses on the preparation of specific Policies integrated with its business
and on the development of an Environmental Sustainability Program, which is divided into three levels:
• assessment and reduction of internal emissions;
• reduction of financed emissions;
• definition of tools for “environmental governance”.
In the context of the commitments to improve the environmental performance of the organization made in
the Environmental Policy, the Environmental Sustainability Program and the initiatives that make it up have
been fully integrated into the Improvement Targets and Programmes set forth in 2009 in the context of the
Parent Company’s Environmental Management System (see on this point the section “Improvement targets and
programmes”).
The environmental commitment of the Unicredit Group
15
The environmental policy of the UniCredit Group
The generation of value over time for communities, customers, employees and shareholders, for current and
future generations: this is our mission and our identity, inspired by strong shared values and pursued through
concrete conduct, expressed in both strategic decisions and business activities.
The important process of integration with other European and Italian banks, recently completed, entailed an
expansion of the corporate perspective, calling the Group to a new challenge. The creation of an entity with
an international scope, rooted in countries with different cultures and legislative frameworks, requires of us a
greater commitment in pursuing the targets of sustainability that we set for ourselves some time ago, in terms
of both resources allocated and attention to the different aspects of the banking business. The Environmental
Management System enables us to take account of changing conditions and to orient the appropriate decisions
in the context of the entire Group. At the same time, it gives us a unique opportunity to modify in a transverse
and more effective manner, through our business decisions, the effects of our presence in the economic and
social fabric.
Constant monitoring of the most significant environmental impacts directly associated with our activities, such
as the consumption of natural resources and the production of waste, is a commitment that the Group considers
a priority, and it also operates with the greatest attention to prevent so-called “indirect” environmental impacts,
caused by the behaviour of external subjects which we can influence through precise choices in purchasing and
lending policies, as also in service innovation and in the definition of strategic lines of action.
To this end, UniCredit is committed in the front line to fighting climate change, a significant environmental issue
of our time. The Group confirms its commitment to promote a culture of sustainability and the achievement of
the targets of the Kyoto Protocol in all countries in which it works. Alongside the initiatives of the consortiums
of which the Group has been a member for years, a long-term strategic decision to work for the reduction of
emissions of climate-changing gases is a decisive element in the definition of products and lending policies.
Acting in a responsible manner means following rules. For this reason, besides ensuring compliance with current
environmental legislation, we renew our commitment to participate in voluntary initiatives and programmes such
as the Global Compact, the UNEP, the European EMAS Regulation, the Equator Principles.
We undertake to pursue continual technical and organizational innovation in our activities and in customer
relations, with a view to ongoing improvement of our performance.
It is necessary to stimulate and promote individual creativity, in order to make the most of new solutions which
will enable us to seek positions of excellence in the environmental sustainability of the “core business” of the
company and thus its profitability over time. The individual conduct of the people who work within the Group is
fundamental for the overall improvement of environmental performance and it is our specific task to encourage
widespread awareness, among all personnel in all countries in which the group is present, of the fact that
the ideas and involvement of each of them can make a contribution, often in a decisive manner. A priority
commitment is to ensure adequate training and continual involvement of all employees, at the different corporate
levels, to facilitate their professional growth.
Conscious that with our efforts alone we shall never meet the targets set, we also direct our commitment
towards all stakeholders, in order to listen to their needs, discuss possible responses and activate a dialogue
which enables us to grow together. We consider it essential to communicate with our interlocutors (public bodies,
local communities, environmental groups, user and consumer associations), through constant information and the
gathering of needs or the suggestions which arise from them. Listening and discussions are particularly aimed
at building long-term relationships with the communities in which we operate, making the most of their specific
characteristics and the opportunities in terms of protecting environmental resources and increasing awareness.
The transparency of the actions and results obtained in environmental management is the best way to guarantee
the credibility of our commitment. To this end, we measure and monitor our ability to achieve the aims we set
ourselves, through a system of indicators which are easy to understand and comparable over time, which we
submit voluntarily to testing and assessment on the part of independent bodies.
2009 Environmental Statement
16
Analysis of environmental aspects
The creation of an environmental management system compliant with the requisites of the UNI EN ISO
14001/2004 and the EMAS Regulation requires that an organization developes a specific process for the
identification, analysis and assessment of environmental aspects:
• Direct: relating to activities or services over which the organization has direct and complete operational control;
• Indirect: relating to activities or services deriving from third parties over which the organization does not have
total operational control, but only a certain degree of control or influence,
in order to identify the most significant among these and define the opportune actions for improvement. Every
year UniCredit S.p.A. updates the analysis and assessment of its environmental aspects. For this purpose it
collects data and information through the analysis of documents, inspections at the sites and interviews with
personnel.
Direct environmental aspects
The direct environmental aspects analyzed by UniCredit S.p.A. were:
1. Energy consumption (electricity, fuel oil, natural gas).
2. Water consumption.
3. Consumption of raw materials.
4. Waste.
5. Emissions into the atmosphere.
6. Water drains.
7. Dangerous substances.
8. Mobility.
9. Noise.
10. Emergencies.
11. Storage.
12. CFCs.
13. Electromagnetic fields.
Employees of both “UniCredit SpA” (the Holding) and of other Group companies work in the Cordusio, Bodio and
Sant’Elia buildings: the Technical Schedule in Appendix 2 shows the number of employees of these companies and the
respective areas they occupy.
The data provided below in this section (energy consumption, water consumption, consumption of raw materials,
production of waste, CO2 emissions) were calculated on the basis of the real percentages of personnel of “UniCredit
SpA” present in the above buildings in the years 2007, 2008 and up to the estimates for the 2nd half of 2009.
The significance of the environmental aspects analyzed was assessed taking into account the following criteria:
• Compliance with current legislation.
• Frequency and significance of the aspect, through a comparison between the performance and trends in normal,
abnormal and emergency conditions.
• Awareness on the part of external interlocutors.
• Level of operational control.
From the combination of the scores awarded with reference to the single assessment criteria adopted we obtained
a classification of the direct environmental aspects in order of importance, according to a league table which divides
them into:
- Insignificant,
- Significant,
- Very significant.
Analysis of environmental aspects
17
Tabella 1
ENVIRONMENTAL ASPECT
SIGNIFICANCE
Energy consumption
Electricity
SIGNIFICANT
Natural gas
SIGNIFICANT
Fuel oil
SIGNIFICANT
Water consumption
INSIGNIFICANT
Consumption of raw materials
Paper
Waste
SIGNIFICANT
SIGNIFICANT
Emissions into the atmosphere
CO2 emissions
SIGNIFICANT
Localized Emissions
SIGNIFICANT
Water drainage
INSIGNIFICANT
Dangerous substances
INSIGNIFICANT
Mobility
SIGNIFICANT
Noise
INSIGNIFICANT
Emergencies
INSIGNIFICANT
Storage
SIGNIFICANT
CFCs
SIGNIFICANT
Electromagnetic fields
INSIGNIFICANT
Energy consumption
Electricity
The use of electricity is a significant environmental aspect related to the business of UniCredit S.p.A.. For this reason,
since 2002 the company has had all its offices supplied through the Consorzio Idroenergia (Hydro-Energy Consortium),
thus guaranteeing that the electricity comes from an entirely renewable source; at the same time, various improvement
programmes are in progress, which have enabled us to reduce the consumption of electricity.
2009 Environmental Statement
18
Chart 1 - Trend in electricity consumption and comparison among sites
400
350
kwh per year/m2
300
253
250
200
199
182
224
178 182
163
145
150
180 172
205
132
100
50
0
2007
■ Cordusio
2008
■ Bodio
■ S. Elia
2009
projections
– Average
Comment on the chart. The deviation from the average values at the Sant’Elia building is due to the fact that
the Group’s Data Processing Centre (DPC) is located there, with a consequent greater concentration of electronic
equipment and room conditioning needs.
There has, however, been a generalized reduction in consumption, induced by actions for improvement carried out in
the last few years.
Natural Gas and Fuel Oil
Natural gas is the fuel mainly used for the heating of corporate buildings, while fuel oil is used for heating at the Cordusio
site, and to power the electrical generators in other buildings.
Chart 2 - Trend in fuel oil consumption and comparison among sites
8
7.55
7
Litres per year/m2
6
5
4
3
4.90
3.72
3.69
2.75
2.09
2
1
0
0.01
0.06
2007
■ Cordusio
2008
■ S. Elia
0.12
2009
projections
– Average
Comment on the chart. The comparison of the data available shows a rising trend in the consumption of fuel oil.
For the year 2009 the projections are however presumably overestimated, because the estimated data do not take into
account the higher concentration of consumption of this resource in the first half of each year.
The aspect is assessed as significant.
Analysis of environmental aspects
19
Chart 3 - Trend in natural gas consumption and comparison among sites
3.50
3.03
M3 per year/m2
3.00
2.86
2.50
2.24
2.00
1.50
1.00
0.64
0.50
0.64
0.45
0.39
0.27
0.12
0.00
2007
■ Bodio
2008
■ S. Elia
2009
projections
– Average
Comment on the chart. The chart shows a basically stable trend in the average consumption of natural gas.
The 2008 figure for the Sant’Elia building is partial owing to a fault in the meter which occurred in July 2008.
The aspect is assessed as significant.
Total energy consumption
Chart 4 - Trend in total energy consumption and comparison among sites
400
350
kwh per year/m2
300
250
200
218.2
257.3
222.6
215.0 225.5
226.3
253.8
221.8 208.4
190.1
166.4
161.4
2008
2009
projections
150
100
50
0
2007
■ Cordusio
■ Bodio
■ S. Elia
– Average
Comment on the chart. The total energy consumption of the buildings (electricity and thermal energy) shows a
constant trend in the three years 2007-2009.
2009 Environmental Statement
20
Water consumption
Water is consumed strictly for civil purposes, relating to the operation of hygienic services and to the work of cleaning offices
and other rooms, and therefore not particularly significant from an environmental point of view.
Chart 5 - Water consumption and comparison among sites
140
120
m3 per years/m2
107.93
100
80
60
65.94
40
20
0
48.57
22.18
19.42
15.21
19.61
13.58
20.17
2007
2008
■ Cordusio
■ Bodio
■ S. Elia
20.71
24.00
8.44
2009
projections
– Average
Comment on the chart. The estimates for the year 2009 show a significant decrease in water consumption,
compared with particularly high per-capita consumption in 2008.
Analysis of environmental aspects
21
Consumption of raw materials
The main raw material used in the offices is paper. Since 2001 recycled paper has also been used, while since 2004
qualified products with the European Ecolabel mark have been purchased, guaranteeing methods of production more
respectful of the environment.
Chart 6 - Paper consumption UniCredit S.p.A.
60
7,71
Kg paper per employee
50
40
2.76
30
20
49.87
32.47
10
0
6.02
14.90
2007
2008
■ Kg recycled paper per employee
2009 projections
■ Kg white paper per employee
Comment on the chart. The consumption of A4 and A3 paper is taken into consideration, distinguishing between
white and recycled, calculated on the basis of the requests made by the single organizational units to the store.
The figure is calculated for UniCredit S.p.A. as a whole; the indicator is therefore calculated taking into consideration
the total number of employees for the year of reference. The aspect is assessed as significant.
2009 Environmental Statement
22
Production of waste
Table 2
Production of waste (Kg)
2007 (Kg)
Cordusio
Bodio
S. Elia
TOTAL
Average
Toner
1,185
1,245
1,920
4,350
1,450
Electronic Equipment
1,950
410
0
2,360
787
0
2,650
55,790
58,440
19,480
123
78
77
278
93
288,600
195,800
232,930
717,330
239,110
20,420
3,460
44,490
68,370
22,790
Cordusio
Bodio
S. Elia
TOTAL
Average
1,630
1,700
770
4,100
1,367
410
0
0
410
137
1,620
0
136,580
138,200
46,067
76
47
57
180
60
323,820
204,580
249,240
777,640
259,213
19,240
5,330
20,990
45,560
15,187
Cordusio
Bodio
S. Elia
TOTAL
Average
Toner
860
1,440
2,000
4,300
1,433
Electronic Equipment
600
940
0
1,540
513
2,840
0
143,360
146,200
48,733
60
48
46
154
51
324,220
212,000
265,960
802,180
267,393
15,140
1,100
0
16,240
5,413
Mixed Packaging
Infirmary
Paper and cardboard
Bulky materials
2008 (Kg)
Toner
Electronic Equipment
Mixed Packaging
Infirmary
Paper and cardboard
Bulky materials
2009 Projection (Kg)
Mixed Packaging
Infirmary
Paper and cardboard
Bulky materials
Analysis of environmental aspects
23
Chart 7 - Production of waste and comparison among sites – year 2007
400,000
kg per year
300,000
200,000
100,000
0
Cordusio
■ Infirmary
■ Bulky materials
Bodio
■ Paper and cardboard
■ Mixed packaging
S. Elia
Average
■ Toner
■ Electronic Equipment
Chart 8 - Production of waste and comparison among sites – year 2008
400,000
kg per year
300,000
200,000
100,000
0
Cordusio
■ Infirmary
■ Bulky materials
Bodio
■ Paper and cardboard
■ Mixed packaging
S. Elia
Average
■ Toner
■ Electronic Equipment
Chart 9 - Production of waste and comparison among sites – projection year 2009
500,000
kg per year
400,000
300,000
200,000
100,000
0
Cordusio
■ Infirmary
■ Bulky materials
Bodio
■ Paper and cardboard
■ Mixed packaging
S. Elia
Average
■ Toner
■ Electronic Equipment
Comment on the chart. All the activities envisaged for the management of waste are governed by specific
do¬cumented procedures. The projections for the year 2009 are constant both for the single buildings and for the
total average amounts. The aspect is assessed as significant.
2009 Environmental Statement
24
Emissions into the atmosphere
Localized emissions
Emissions into the atmosphere produced by UniCredit S.p.A. are limited to those coming from central heating boilers,
which burn natural gas in the Sant’Elia and Bodio buildings and fuel oil at the Cordusio site. The relevant emission
points present at the sites are indicated in the table below.
The aspect is significant.
Table 3
Number of emission points relating to boilers
Fuels used
Cordusio
Bodio
S. Elia
1
2
2
Fuel oil
Natural Gas
Natural Gas
CO2 emissions
Since 2002 UniCredit S.p.A has calculated its CO2 emissions, by application of the GHG Protocol (see Table 4, which
shows the production of CO2 in the last three years).
These emissions are produced by central heating boilers running on natural gas and fuel oil. The electricity used by
UniCredit S.p.A. instead does not entail the production of CO2, because (as already noted) it does not come from
combustion processes, but from renewable hydroelectric energy, which does not cause CO2 emissions.
Against the important commitments to the reduction of direct and indirect emissions of CO2 assumed in 2009, the
aspect is considered significant.
Table 4
Years
CO2 tonne equivalents
2007
778.50
2008
847.71
2009 Projection
1,223.62
Analysis of environmental aspects
25
Water drains
The water drains originating from UniCredit S.p.A. come exclusively from hygienic services and flow directly into public
sewer, in compliance with regulations on sewers. The exception is a decantation tank at the S. Elia site, managed with
specific procedures. Given the type of drains in existence, on the basis of the provisions of current legislation4, there are
no obligations to carry out regular analyses to ascertain the substances they contain.
The aspect is assessed as insignificant.
Dangerous substances
The presence of dangerous substances, asbestos structures or equipment containing PCB has not been found at
company sites.
Small quantities of detergents and additives are used exclusively in specific rooms used for technological purposes,
which are entrusted to external contractors for the performance of ordinary activities. These substances are adequately
conserved and the personnel of the companies that use them are instructed and trained on the correct operating
procedures to be followed. In any case, the substances held are always accompanied by the relevant safety schedules.
The aspect is considered insignificant.
Mobility
The UniCredit S.p.A. sites are located in the urban area of Milan in zones served by public transport. In 2009 a number
of agreements were renewed in favour of employees, with the aim of reducing journeys and the environmental impact
associated with travel.
Owing to the importance that the aspect assumes in the geographical context in which the sites are located, mobility is
assessed by the organization as a significant aspect.
Noise
In the buildings in question there are no devices which generate acoustic emissions of particular significance for the
outside world, nor have there ever been complaints in relation to this aspect. In accordance with current legislation on
the subject of acoustic pollution (Law 447/1995 and D. Lgs. 277/1991), the aspect can be considered insignificant.
Emergencies
The work carried out does not make likely the occurrence of specific emergencies of an environmental nature, with the
exception of the chances of incidents relating to the fire risk. In relation to this aspect all the necessary measures have
therefore been taken, as provided for in the legislation: the rules on safety in the workplace are correctly applied, the
Emergency Plan has been prepared and safety teams are trained appropriately. In all the buildings examined there is
also an infirmary service providing first aid. For the sites taken into consideration, the company is in possession of the
Fire Prevention Certificate, issued by the Milan Provincial Fire Brigade.
In September 2009 an evacuation test was carried out at the Sant’Elia building. The evacuation test in the buildings at
the Bodio and Cordusio sites will be held, as planned, before the end of the year.
4. Lgs. Dec. 152/2006, Part Three, Regulations on the defence of soils and combating desertification, the protection of waters from pollution and the
management of water resources.
2009 Environmental Statement
26
Table 5 summarises the training courses provided in the three years 2007-2009 (internal emergency courses, averagerisk fire prevention training courses, high-risk fire prevention training courses, courses for first aid operators and Safety
courses for managers and safety officers).
The aspect can be considered insignificant.
Table 5
Internal
emergency
course
Average-risk
fire prevention
course
MD 10.03.1998
High-risk fire
prevention
course
MD 10.03.1998
Training course
for operators
pursuant to MD
388/2003
Safety training
course for
managers and
officers
2007
50
26
21
18
34
2008
49
8
10
11
18
2009*
11
4
-
87
3
* The figures for 2009 refer to courses provided up to 6/11/2009 and include the courses planned for the months of November and December.
Storage
The existing storages are for the purposes of containment of the fuel oil used to supply the emergency electrical
generators present at all sites and, for the Cordusio building alone, to supply the central heating system.
Table 6 shows the situation of the existing storages at the different sites.
Table 6
Cordusio
Bodio
S. Elia
Yes
Yes
Yes
Number of underground tanks
-
2
4
Capacity of underground tanks
-
10,000 lt
4 x 60,000 lt
Number of above-ground tanks
2
-
0
30,000 lt
-
-
2
2
8
Storage in tanks
Total capacity of above-ground tanks
Electrical generators
In order to maintain sufficient monitoring of potential cases of pollution or contamination of the soil and the water table,
a plan is operational to inspect the tightness of the (double-walled) tanks at regular intervals. The inspections carried
out up to now have always confirmed the absolute integrity of the tanks. Despite this, the aspect in question must be
considered significant owing to the level of attention it requires.
Analysis of environmental aspects
27
CFCs
CFCs are present for the operation of conditioning systems and are distributed as illustrated in Table 7.
The aspect is considered significant.
Table 7
Site
Quantity (Kg)
Type
1,381
R134a
S. Elia
Cordusio
Bodio
523
R22
116
R404 A
8
R 410 A
10
R 12
10
MP 39
5
HP 80
304
R12
765
R22
8
R470c
2,664
R134a
Electromagnetic fields
In 2009 there were no significant changes, so it is confirmed that in the offices of UniCredit S.p.A. there are no
electromagnetic fields over the legal limits.
The aspect can be considered insignificant.
Indirect environmental aspects
Indirect environmental aspects are divided into two types:
• 1st level indirect aspect - partial control: aspects of this type are those attributable to activities of subjects external to
the organization which can be coordinated and/or supervised by UniCredit’s own personnel.
• 2nd level indirect aspect - influence: aspects of this type are those connected with the activities carried out, but which
are directly managed and controlled by third party subjects, whose conduct is only influenced by UniCredit.
In particular, the indirect environmental aspects identified and analyzed were:
1. Aspects deriving from the maintenance and operation of systems or infrastructures.
2. Aspects deriving from activities of suppliers of products/services.
3. Aspects deriving from activities of definition of lending policies.
4. Aspects deriving from project financing activities.
5. Aspects deriving from raising awareness and information.
2009 Environmental Statement
28
Assessment of the indirect environmental aspects was carried out taking into account the following criteria:
• Level of definition and communication of specific obligations or commitments, communicated to external
interlocutors, in relation to the relevant aspects.
• Level of definition and implementation of specific methods of control of the work.
• Level of definition of methods of selection of interlocutors and/or of specific activity projects.
• Level of involvement and raising of awareness of external subjects on specific themes.
As in the case of assessment of direct environmental aspects, the scores awarded to each aspect with reference to the
different criteria adopted enable them to be classified as:
- Insignificant
- Significant
- Very significant.
Table 8
ASPECT
SIGNIFICANCE
Aspects deriving from contracts for the maintenance and
operation of systems or infrastructures of sites
SIGNIFICANT
Aspects associated with the activities of suppliers of
products and services
SIGNIFICANT
Aspects deriving from activities of definition of lending policies
Aspects deriving from project financing activities
Aspects deriving from raising awareness and information
VERY SIGNIFICANT
INSIGNIFICANT
SIGNIFICANT
Aspects deriving from contracts for the maintenance and operation
of systems or infrastructures of sites
This is a first-level indirect environmental aspect, associated with the work carried out by contractors that
operate at UniCredit S.p.A. sites, over which the organization is capable of exercising some degree of guidance
and control: external companies that operate and maintain systems and infrastructures (including cleaning
companies) and external companies for the creation of civil works and systems.
The aspect does not show significant issues, considering the consolidation of the monitoring activities carried out,
both at the selection stage and during the work stage, but owing to the continuity with which the maintenance
activities and technical actions are carried out at the sites and the need to maintain constant control, the aspect
is still considered significant.
Analysis of environmental aspects
29
Aspects associated with the activities of suppliers of products and services
This category includes the suppliers of products and services which do not come under the specific types analyzed
in the previous paragraph, such as suppliers of paper and forms, informative material, electronic equipment, office
machines, and the management of logistics, furniture and fittings.
This is a 2nd level aspect, as it is not possible for UniCredit S.p.A. personnel to exercise direct control over the work
carried out by these subjects.
During 2009 an in-depth study was launched of the environmental aspects associated with the activities of suppliers,
with the double aim of updating the assessment processes on the basis of the environmental requisites of such
subjects and, in prospect, of defining a uniform and single framework of reference for the Group, and of environmental
policies on the subject of procurement.
The aspect is considered significant.
Aspects deriving from activities of definition of lending policies
This aspect relates to the reliability, from an environmental point of view, of companies to which loans are granted and
to the methods with which UniCredit S.p.A. operates in order to establish this reliability.
Lending activities are monitored, from the environmental point of view, through the insertion of the environmental
variable among the rating models, which thus permits assessment of the credit risk taking into account also the
environmental risk associated with the beneficiary.
The models used for rating activities relating to lending are defined according to criteria which differ on the basis of the
specific areas of business. In particular, two macro-categories are identified:
• Groupwide - for Sovereign States, Banks, Global Project Finance, Multinational Corporate;
• Local - for business customers, classified as Large Corporate, Corporate and Retail on the basis of the economic
dimensions of the subjects.
The models enable us to assess the environmental risk - qualitatively and/or quantitatively according to the single cases on the basis of criteria of performance of the subject examined, and in this way to alter the assessment of the overall risk.
The models are prepared for the users of the rating systems (for example the units responsible for granting credit),
which may be either units of the Holding or local structures of Group Banks.
With reference to Groupwide portfolios, the observance of environmental standards is considered in the Multinational
Corporate (MNC) and Bank rating models:
• The MNC model includes specific assessments devoted to environmental aspects, the results of which, in the case
of requisites not met, penalize the overall assessments made (worsening of risk). In particular, the model includes a
section devoted to assessment of compliance with environmental standards, understood as orientation to sustainable
development, compliance with current laws and adoption of international reference standards.
The assessment provides for five levels of positioning with respect to compliance with environmental laws and
standards: Excellent, Good, Average, Weak and Poor. In the assessment carried out in October 2009, 94% of the
sample of MNC counterparties were found to be compliant with the environmental standards, approaching the best
possible figure5.
5. For the MNC segment, as well as a specific question contained in the assessment questionnaire, there is a specific override function relating to the
environmental and social risk of the counterparties, which entails a worsening of the corresponding rating. The term override refers to the process
of management of the discretional and motivated variations of the ratings that justify a revision of the classification made by the model. In the
assessments made, this override function was used in only two cases, in relation, for example, to a corporate customer involved in the production of
electricity generated from coal or nuclear sources, in consideration of the provisions set aside by the company against future obligations connected
with the application of new environmental policies and to the costs associated with CO2 emissions (coal plants).
2009 Environmental Statement
30
• In the Bank model, attribution of the rating provides for a correction system, exclusively for improvement (risk
mitigation), which contains explicit assessments of an environmental nature. In particular, a correction of the PD
(probability of default) factor6 is made, on the basis of the following requisites:
• whether or not the bank has an Environmental Management System certified according to the ISO14001 standard
or registered according to the EMAS standard;
• whether or not the bank considers environmental aspects in its lending and investment policies;
• whether the bank publishes annually information on the environmental aspects of its activities in specific reports or
in its annual report.
The presence of one or more of the above factors entails a weighted reduction of the risk in terms of PD.
The following tables illustrate the results of the assessment carried out in October 2009; the sample of banking
counterparties used included 1,236 banks in Developed Countries (DC) and 972 banks in Emerging Markets
(EM). An analysis of the distribution of the environmental score showed that a significant number of banking
counterparties do not consider environmental aspects. This result, as expected, is above all concentrated among
banks in Emerging Markets. It follows that the corresponding PD is not mitigated as a result of environmental
compliance, as the model does not “reward” these counterparties.
Table 9
DC - Total sample - Frequency of single answers
Number
of cases
% of cases
(out of total
counterparties)
46
4%
B - Consideration, by the banking counterparty, of environmental
aspects in its lending and investment policies.
106
9%
C - Annual publication, by the banking counterparty, of information on
the environmental impact of its business (in a specific report or in
its annual report).
119
10%
Number
of cases
% of cases
(out of total
counterparties)
2
0.2%
B - Consideration, by the banking counterparty, of environmental
aspects in its lending and investment policies.
45
5%
C - Annual publication, by the banking counterparty, of information on
the environmental impact of its business (in a specific report or in
its annual report).
20
2%
Answer
A - Presence, at the banking counterparty, of a system of environmental
management (ISO14001 certified or EMAS registered).
N.B.: For each counterparty one or more answers are possible.
Table 10
EM - Total sample - Frequency of single answers
Answer
A - Presence, at the banking counterparty, of a system of environmental
management (ISO14001 certified or EMAS registered).
N.B.: For each counterparty one or more answers are possible.
6. The probability of default is the probability of the counterparty defaulting on the obligation to repay the principal loaned and the interest accrued on it.
It is estimated to assess the credit risk connected with a certain loan..
Analysis of environmental aspects
31
With reference to the Local portfolios, besides those for Italian Large Corporate counterparties which adopt a model
similar to the MNC, observance of environmental standards is considered in both the Corporate (RIC) and Retail
Business (RISB) Rating models:
• In its qualitative module, the RIC model includes assessment of the exposure to environmental risk factors among
variables determining the creditworthiness of customers. Specifically the following factors are considered:
- an assessment of the impact of environmental regulations and legislation on management of the company, which
can be considered an element of risk or opportunity and can therefore affect the final rating of the counterparty
either negatively or positively;
- highlighting of risky factors and corporate conduct attributable specifically to the presence of environmental and
ecological risks and/or any current disputes linked to observance of the environmental legislation, which have a
negative impact on determination of the rating.
The structure of the model provides for differentiated weights on the basis of the customer’s business sector.
• The RISB model includes specific assessments devoted to environmental aspects, the results of which, in the case of
requisites not met, penalize the overall assessments made (worsening of risk). The assessment envisages, for each
variable, three levels of positioning with respect to compliance with environmental laws and standards, which can be
associated with the assessments: Good, Average and Poor.
Considering all the figures and assessments emerging from the analyses carried out and the importance of the
contribution that a banking institute can make to environmental improvement through its lending policies, this aspect is
assessed as very significant.
Aspects deriving from project financing activities
Project Financing activities in the UniCredit Group are not carried out by the Parent Company, but by specialized banks.
In this field, the Parent Company performs a role of guidance for the Policies to be pursued and strategic control.
Project finance activities are characterized by a clear definition of the specific project being financed and/or of the
work involved. The practices on the national and international markets always involve the preparation of a technical
report which, among other things, normally attests to the technical validity of the project also from an environmental
point of view, with reference in particular to compliance with the legislative obligations.
The technical reports may be accompanied by copies of documentation of specific interest (such as environmental
impact assessments, if they are obligatory for the work involved).
Risk assessments are carried out, evaluating legislative compliance and therefore the environmental conformity of
the project. Unlike in other banking fields, the current procedures can, therefore, ensure an adequate degree of
control before the loan is disbursed, even if later there are no direct relations with the beneficiaries which would
enable us to involve or supervise them.
UniCredit MedioCredito Centrale (“UMCC”), the Group company specialized in project finance, is among the leading
financers of renewable energies in Italy. Over the last five years, UniCredit MedioCredito Centrale, acting as the
Mandated Lead Arranger, has finalized loans in support of 700MW of wind power initiatives located around Italy.
2009 Environmental Statement
32
At the international level, UniCredit can boast a leading position in the financing of renewable energies, coming near
the top of the table among banks operating as Mandated Arrangers in the project financing of renewables. At June
2009, the Group’s portfolio of loans for renewable energies amounted to 1.1 billion euro (of which 81% for wind
power, 13% solar power, 3% biomass, 2% bio-fuels and 1% hydroelectric power).
Finally, at the Group level, the Equator Principles are currently being adopted; these are intended to ensure respect
for the environment and social equity in project financing, and have already been adopted by HVB.
The aspect is classified as insignificant.
Aspects deriving from activities of informing and raising awareness
of stakeholders
UniCredit S.p.A. is committed to the dissemination, in the financial market, the business world, the educational
world, and among the public in general, of a culture favourable to sustainable economic development.
During 2009, the main initiatives - besides the aforementioned sealing of the Partnership with WWF International
- were a multilateral meeting with environmental organizations from all over Europe in the framework of the
dialogue begun with them following the protests against the Ilisu Dam in Turkey. This project involved a role for a
UniCredit subsidiary, Bank Austria, among the lenders. The rigorous conditions precedent set by the Export Credit
Agencies of the countries involved (Austria, Germany and Switzerland) led UniCredit to abandon the project. It is
worth noting also a series of meetings with the organization ‘Campagna per la Riforma della Banca Mondiale’
(Campaign for the Reform of the World Bank) on subjects of high environmental sensitivity and collaboration with
Legambiente (the Environmental League) for their project ‘Let’s Clean Up the World’, of which UniCredit has been
a sponsor for years.
The efforts made in activities developed to inform and raise the awareness of its interlocutors are an important
part of the work done by UniCredit S.p.A., which considers this aspect as significant, in any case, owing to the
important role of promoter and vector at the socio-economic level of ideas and orientations which it is capable of
playing.
Analysis of environmental aspects
33
2009 Environmental Staatem
ment
The management system and its areas of operation
Roles and responsibilities
Training, information, participation and internal communication
Aspects relating to the health and safety of workers
The management system and its areas
of operation
Roles and responsibilities
During 2009 the Corporate Sustainability Unit - located within Group Identity and Communications (see the staff
structure on page 11) - maintained its role of coordination, at the central level, of the Environmental Management
System, with functions of guidance, coordination and development on issues connected with environmental aspects.
The following units also kept their roles and responsibilities regarding the management of direct and indirect
environmental aspects:
• UniCredit Real Estate (URE), as regards management of the environmental impact in the planning and implementation
of works, together with management of emissions into the atmosphere, control and monitoring of the consumption of
energy resources and the technical and engineering aspects related to them;
• the Procurement Office, located within the Global Sourcing Area, as regards the definition of purchasing policies
(making reference, among the various criteria, also to those of eco-sustainability) and the operational management of
necessities in relation to the different product categories of significant dimensions (in keeping with the provisions of
the Group Procurement Model).
In 2009 the “Group Risk Management” Department (Group CRO) was reorganized, with the aim of strengthening its
ability to guide, coordinate and control the Group’s risks and to improve efficiency and flexibility in the decision-making
process in the area of risks. As part of this reorganization, the “Credit & Cross–Border Architecture and Methodologies”
Department (located within the CRO) is responsible for ensuring the development and management of the models,
rating instruments and methodologies for credit risks, also through the inclusion of the environmental variable in the
rating models and the monitoring of loan exposure with respect to the environmental risk ratio.
The management system and its areas of operation
35
Training, information, participation and internal
communication
In 2009, the work of training and information and internal communication was enhanced with new tools and initiatives.
The traditional activity of information/training and updating for personnel dedicated to the EMS activities - provided
through specific initiatives and training courses according to the needs (legislative updates, training provided as part of
internal audits, training initiatives on specific environmental issues, etc.) - was supplemented by:
• the ‘Green Box’, an environmental shop-window created in collaboration with the WWF as part of the Environmental
Sustainability Program, which represents a permanent channel of information and training on environmental
sustainability. The section is aimed at all employees of the Group at the European level and can be accessed through
the internal portal OneGate. Among the main goals is to raise the awareness of employees on environmental issues,
through training activities, information and educational content on the environment (scientific studies, video clips and
personal accounts). All this will contribute to the development of a strong environmental identity of the Group, in line
with the primary objectives of the Environmental Management System.
• Specific training activities on the Equator Principles – the global standard and accepted benchmark for the
management and reduction of the socio-environmental risk in project financing activities – for the specialized
personnel of the Group operating in the sector (Finance Specialists and Credit Risk Officers).
2009 Environmental Statement
36
Aspects relating to the health and safety of workers
The procedures of the Management System also include the safety aspects, with particular attention to identification of
dangers, assessment of risks, maintenance of systems and management of emergencies.
Tables 10 and 11 illustrate the indices of frequency and seriousness in relation to the personnel of UniCredit S.p.A.
Since 2008 the indices have been prepared considering the indices of frequency and seriousness internal to the
company and the total indices (the sum of those internal to the company and those in mission) and not those in itinere
(that is between home and place of work and during the lunch break), no longer considered in the INAIL procedure.
Table 11
N°
accidents
Internal to
company
Index of frequency
Index of
out of 1000 frequency out of
workers (internal
1000 workers
to company) = (total accidents at
N°
Total
N°
(N°Acc/ work) = (N°Acc/
accidents accidents accidents Total N°
N° Workers)
N° Workers)
Mission
at work In itinere accidents
x 1000
x 1000
2008
22
8
30
46
76
1.11
1.52
2009
(January June)
38
0
38
102
140
1.99
1.99
Table 12
Days of
absence
internal to
company
Index of seriousness Index of seriousness
out of 1000 hours
out of 1000 hours
worked (internal to
worked (tot acc at
Days of
Days of company) = (N° days
work) = (N°days
absence absence acc
absence/N° hours
absence/N°hours
mission
at work
worked) x 1000
worked) x 1000
2008
445
215
660
0.0139
0.0207
2009 (January June)
744
0
744
0.0483
0.0483
The management system and its areas of operation
37
Improvement Targets and Programmes
Glossary
Reference legislation
Environmental inspector and validation
Contacts
Appendix 1. Quantitative compendium of environmental data
attributable to the sites taken into consideration
Appendix 2. Technical Schedule - Data on personnel and surface areas
used for calculation of the environmental indicators for the sites taken
into consideration
Improvement Targets and Programmes
UniCredit’s Environmental Management System has developed a series of tools designed to implement the general
aims of the Environmental Policy in specific stages and ensure adequate support for their achievement by the various
corporate units involved.
The improvement programmes are set out annually, on the basis of the significance attributed to each direct and
indirect environmental aspect, concentrating in particular on the aspects considered ‘significant’ and ‘very significant’.
The state of progress of the programmes and any corrective actions are assessed during Review by the Management.
As mentioned above (see the section ‘The environmental commitment of the UniCredit Group’), the objectives and
improvement programmes of the EMS set in 2009 include the overall targets defined by the Group through the
Environmental Sustainability Program (ESP) and a number of the most significant initiatives launched as part of the ESP
(see in detail Tables 13 and 14).
Improvement Targets and Programmes
39
Table 13 - Targets maturing after 2010
Aspect
- ENERGY
CONSUMPTION
AND EMISSIONS
INTO THE
ATMOSPHERE
- ACTIVITY OF
INFORMATION
AND RAISING
AWARENESS
DIRECT
ENVIRONMENTAL
ASPECTS OF THE
SITES INCLUDED
IN THE SCOPE OF
APPLICATION OF
THE EMS
- EMISSIONS
INTO THE
ATMOSPHERE
Project/
Initiative
Improvement actions
Deadline
Emissions financed:
development of a methodology
for the calculation of the
intensity of CO2 of the Group’s
loan portfolio.
Green Real Estate: adoption
and development of innovative
systems for the efficient use of
energy in the management of
the Group’s properties.
Green Procurement:
strengthening of the
environmental aspects in the
procurement procedures and in
supplier management.
- Reduction
Green ICT: actions to improve
of internal
the energy efficiency of data
emissions
centres and computers.
Mobility & Transport:
- Reduction
development of policies for
of financed
the reduction of environmental
emissions
impacts associated with the
mobility of employees.
- Strengthening Waste Programme: gradual
Environmental
of the Group’s reduction and recycling of
- 2012
Sustainability
environmental waste, with particular attention (mid term)
Program (ESP)
identity
to paper consumption.
- 2020
Expansion of
the scope of
application of
the EMS
Extension of
the Holding’s
sites covered
by EMAS
registration
- ACTIVITY OF
INFORMATION
AND RAISING
AWARENESS
“House
Efficiency”
Project
(initiative
Reduction of
included in the indirect CO2
emissions
ESP)
ENERGY
CONSUMPTION
AND EMISSIONS
INTO THE
ATMOSPHERE
Extension of the
“Telecontrol”
Project to
the ‘former
Capitalia’ sites
(initiative
included in the
ESP)
2009 Environmental Statement
40
Objectives
and Targets
Reduction of
the Energy
consumption
of properties in
Italy perimeter
State of progress
In progress.
- Internal emissions:
inventory of
emissions in
progress, to be
completed with a
sustainability report
in February 2010.
- Emissions financed:
preparation of
Climate Change
Policy in progress,
the result of which
will generate
Guidelines for
calculation of
emissions financed.
In progress:
- The perimeter of the
Holding’s properties
First new
to be included in the
sites
scope of application
Gradual extension of the
included in
of the EMS has
properties of the Holding
the scope of been defined.
included in the scope of
application - Time planning of the
application of the Environmental of the EMS
extension project
Management System.
in 2011
carried out.
In progress:
- Stage of relaunch
Subsidised financing for
of the product (new
employees, destined for the
communication
creation of work on improving
strategy).
the Energy performance of their 2010 (first - Extension of the
homes, supported by energy
check on
product to retail
consultancy services.
results)
customers.
In progress:
- The project entails
an extension of
- Installation in the properties
Telecontrol to 471
of control panels remotely
more sites, of which
controllable via the Internet.
421 branches and
50 medium-sized
- Reduction of hours of operation
buildings, which will
of systems for heating and
thus be monitored
conditioning of buildings
2011
remotely.
Table 14 - Targets maturing by the end of 2010
Aspect
Project/
Initiative
Objectives
and Targets
Improvement actions
Deadline
- Action to optimize spaces;
ENERGY
CONSUMPTION
AND EMISSIONS
INTO THE
ATMOSPHERE
10% Project
(initiative
included
in the ESP)
Reduction of
the Energy
consumption
of properties in
Italy perimeter
- Targeted actions on single
buildings;
- Activity of requalification of
systems on the occasion of
maintenance work.
December
2010
State of progress
In progress:
- The 2008/09
energy efficiency
activities are
proceeding at the
expected pace.
Achievement of
the final result
will be verified on
completion of the
project.
Improvement Targets and Programmes
41
Table 13 - Targets maturing after 2010
Aspect
Project/
Initiative
Objectives
and Targets
ENERGY
CONSUMPTION
AND EMISSIONS
INTO THE
ATMOSPHERE
Reduction
in energy
consumption
and emissions
“Green
into the
Network”
atmosphere of
Project
a network of
(initiative
Italian central
included in the offices and
ESP)
branches
- Reduction of
consumption
associated
with printing
by employees
(paper, toner)
- Informing
“Green
and raising
CONSUMPTION OF Printing”
awareness of
RAW MATERIALS
Project
employees
Creation of
a model of
branch selfsufficient from
ENERGY
an energy point
CONSUMPTION
of view.
AND EMISSIONS
(initiative
Reduction
INTO THE
included in the of energy
ATMOSPHERE
ESP)
consumption
ENERGY
CONSUMPTION
- Production
Creation of a
of renewable
photovoltaic
energy
system in Sicily
(initiative
Reduction
included in the of energy
ESP)
consumption
2009 Environmental Statement
42
Improvement actions
Deadline
Creation of a network of
central offices and branches in
possession of certain requisites
from the point of view of the
December
environment and energy.
2010
Identification and development of
tools, technologies and solutions
aimed at reducing printing
consumption:
- tools at the disposal of
employees,
- tools of administration and
control,
- technologies alternative to/
replacing paper,
- ‘pull printing’ and ‘follow-me
printing’ systems.
2011
Actions for the renovation of
a pilot branch, with reduction
of energy consumption and
self-production of energy from
renewable resources.
Creation of a photovoltaic
system in Sicily.
2010
2010
State of progress
In progress:
- As of today, 5
systems installed in
3 Buildings (Milano
L.Cambi, Bologna
del Lavoro, Verona
m.te Bianco) and 2
branches (Bassano
Bresciano, Treviso
p.zza Aldo Moro), for
total power of 113
kWp, equivalent to –
135,000 kWh/year.
In progress:
- Launch of the
initiative and
preliminary
assessment of
options for the
reduction of
consumption
associated with
printing.
In progress:
- external professional
studio appointed. The
Tender Specifications
and the Final
Design are nearing
completion.
In progress:
- Contract assigned
and authorization
procedure underway.
By the end of
February 2010 the
“Service Conference”
among the Entities
responsible
for issuing the
authorization should
be concluded and
installation of the
system should begin.
Table 13 - Targets maturing after 2010
Aspect
Project/
Initiative
Objectives
and Targets
ENERGY
CONSUMPTION
“Telecontrol”
Project
(initiative
included in the
ESP)
Reduction of
the energy
consumption
of properties in
Italy perimeter
Reduction
of energy
consumption
of the Verona
DPC.
Decommissioning of
unused UPSs
from all
properties
Reduction
of energy
consumption
and emissions
of the centre
Reduction of
the energy
consumption
of properties in
Italy perimeter
ENERGY
CONSUMPTION
AND EMISSIONS
INTO THE
ATMOSPHERE
ENERGY
CONSUMPTION
MOBILITY
Bodio site:
improving
efficiency of
electrical and
air conditioning
systems
Bodio site:
definition of
setpoints of the
air conditioning
system
Management of
environmental
aspects
connected
with employee
mobility
ENERGY
CONSUMPTION
Cordusio site:
Agreements
with A2A for
specific studies
and gas supply
ENERGY
CONSUMPTION
ENERGY
CONSUMPTION
Improvement actions
- Installation at each
property of control
panels remotely
controllable via the
Internet.
Deadline
- Reduction of hours of
operation of systems for
heating and conditioning
of buildings.
2010
Actions for the cooling
of the Verona DPC and
systematic monitoring of
consumption.
2009
Elimination from all
properties of unused
UPSs
2009
Reduction
of energy
consumption of
the site
Actions for improving
efficiency of
electrical and air
conditioning systems
2009
Reduction
of energy
consumption of
the site
Definition of set points of
air conditioning systems
with the aim of optimizing
2008
energy consumption
Identification
of areas of
improvement of
the mobility of
employees
Activity is the
responsibility of Mobility
Managers with the aim of
improving the mobility of
employees
2008
Reduction
of energy
Replacement of fuel
consumption of oil boiler with new gas
the Cordusio site condensation boilers
2008
State of progress
Completed:
- 704 sites monitored by
Telecontrol, with expected
savings at full capacity of
6,000,000 kWh/year.
Close to completion:
- For the actions of
improving efficiency of the
conditioning systems alone
from 2010, savings of
approximately 4, 000,000
kWh/year are expected.
For the site in question it
should be noted that during
the next year an expansion
of the DPC is also planned.
Completed:
- 788 UPS decommissioned,
with a reduction of
approximately 1,800,000
kWh/year.
Activity in progress:
- The Bodio site is the
subject of improving
efficiency of electrical and
air conditioning systems.
The expected estimate
of the benefits when fully
completed is – 12% of the
total consumption of the
building.
Completed:
- management of weekend
start-ups optimized;
- reduction of consumption of
8 - 9% observed.
In progress:
- Actions for the improvement
of the mobility of employees
are being studied
Feasibility study in progress:
- awaiting A2A test for GAS
supply line on historical
building (listed by the
Superintendency of Cultural
Heritage)
Improvement Targets and Programmes
43
Glossary
• Asset management: activity of management of financial investments of third parties.
• NACE Code: code relating to the European classification of businesses.
• Corporate: customer segment corresponding to medium-sized and large companies.
• Corporate/Large Corporate (Company/Large company): classification of customers by market segment which takes
into account, among other things, size factors.
• CPI (Certificato Prevenzione Incendi - Fire Prevention Certificate): certificate issued by the Fire Brigade under the
terms of Law 966 of 26/07/1965, Pres. Dec. 577 of 29/07/1982, and of Pres. Dec. 37 of 12/01/1998.
• Ecolabel: European Regulation 1980/2000 on the community system for the award of an ecological quality mark.
• EMAS: European Regulation 761/2001 on voluntary participation of organizations in a community ecomanagement and audit system.
• Frequency Index: number of injuries/hours worked * 1,000,000.
• Seriousness Index: days of injury/hours worked * 1,000.
• Investment banking: segment of the banking business concerned with the subscription and placing of newlyissued securities, as well as with trading in financial instruments.
• ISO 14001: standard relating to environmental management systems issued by the ISO – International
Organization for Standardization .
• Mandated Arranger : figure that in the sector of structured finance, with different appointment configurations
(mandated lead arranger, joint lead arranger, sole arranger ..), works as the coordinator of the organizational
aspects of the operation.
• Override: process of adjustment of counterparty ratings, on the basis of pre-set cases (exceptions) which justify a
revision of the classification made by the model.
• Private: customer segment which includes individuals and families with significant assets.
• PD (Probability of Default): probability of the counterparty defaulting on the obligation to repay the principal loaned
and the interest accrued on it. It is estimated to assess the credit risk connected with a certain loan.
• Project Finance: instrument for the financing of projects for investment in public works, infrastructures and
services, also of notable dimensions, through recourse to private capital the expectations of remuneration/
repayment of which are based on the expected cash flows of the project itself.
• Rating: assessment of the degree of risk of default regarding a certain debtor, company or public body. This
assessment concludes with a summary judgement, expressed as a conventional value, which reflects the
creditworthiness of the debtor.
• Retail: customer segment that includes mainly individuals, professional people, shopkeepers and small traders.
• ROE (Return On Equity): profitability index that measures the ratio between net operating income and
shareholders’ equity.
2009 Environmental Statement
44
• Credit risk: defined as the probability of deterioration of the creditworthiness of a counterparty.
• Stakeholders: holders of an interest who, for various reasons, interact with the business of the company and
participate in the results, influencing the performance and assessment of the economic, social and environmental
impact.
• UNEP (United National Environmental Programme): Environmental Programme of the United Nations with the aim
of promoting sustainable development among businesses and individuals.
Glossary
45
Reference legislation
The following is a list of the main Laws and Standards applicable to the organization regarding the environment:
Emissions into the atmosphere
PM. DEC. 21.07.1989
Law for guidance and coordination of the regions, under the terms of Art.
9 of Law 349 of 8 July 1986, for the implementation and interpretation of
Presidential Decree 203 of 24 May 1988, containing rules on the subject of
air quality in relation to specific pollutants and pollution produced by industrial
plants.
PRES. DEC. 25/07/1991
Modifications of the law of guidance and coordination on insignificant
emissions and low atmospheric pollution activities, issued with a Prime
Ministerial decree of 21 July 1989.
LEG. DEC. 152 of 3/04/2006
(As modified by:
- Legislative Decree 284
of 8 November 2006;
- Lgs. Dec. 4/2008)
Environmental regulations – Part five – Title I
Energy consumption - heating systems
PRES. DEC. 412
of 26.08.1993
PRES. DEC. 551
of 21.12.1999
Regulations containing standards for the design, installation, operation and
maintenance of heating systems for the purposes of containment of energy
consumption, implementing Art. 4, paragraph 4, of Law 10 of 9 January 1991.
As modified by PRES. DEC. 551 of 21/12/1999 and by the Decree of 17 March
2003.
Law 10 of 09/01/1991
Regulations for the implementation of the National Energy Plan on the rational
use of energy, energy saving and the development of renewable energy
sources.
PM. DEC. 08.03.2002
Regulation of significant product characteristics for atmospheric pollution,
and technologic characteristics of combustion systems.
Resolution 40 of 18/03/2004
Adoption of the regulation of work on ascertaining the safety of end user gas
systems.
LEG. DEC. 152 of 3/04/2006
(As modified by:
- Legislative Decree 284
of 8 November 2006;
- Lgs. Dec. 4/2008)
Environmental regulations - Part five - Title I - Title III
2009 Environmental Statement
46
Continued: (Energy consumption - heating systems).
Legislative Decree 192
of 19 August 2005;
(and later modifications
and additions)
Implementation of Directive 2002/91/EC relating to energy performance in the
building industry.
Ministry of Economic
Development
Decree 37 of 22 January
2008.
Regulations on the implementation of Article 11-quaterdecies, paragraph 13,
letter a) of Law 248 of 2 December 2005, restating the rules on the work of
installation of systems in buildings.
Water pollution (drains and sewers)
LEG. DEC. 152 of 3/04/2006
As modified by:
- Legislative Decree 284
of 8 November 2006;
- Lgs. Dec. 8/2008
Environmental regulations – Part three – Section I – Section III
Storage
MIN. DEC. 246 of 24/05/1999
(cancelled on 19/07/2001).
MIN. DEC. 246 of 24/05/1999 (cancelled on 19/07/2001).
Chemicals
MD 07.12.2002
Transposition of Directive 2001/58/CE regarding methods of providing
information on dangerous substances and preparations released onto the
market.
Substances that consume the atmospheric ozone layer and
fluorinated greenhouse gases
Law 549 of 28/12/1993
Measures to protect stratospheric ozone and the environment
EEC/EU Regulation 2037
of 29/06/2000
Regulation (EC) 2037/2000 of the European Parliament and Council, of 29
June 2000 on substances that reduce the ozone layer.
MD 10.03.2001
Recovery, recycling, regeneration and distribution of halons.
Reference legislation
47
Continued: (Substances that consume the atmospheric ozone layer and fluorinated greenhouse gases).
EC Regulation 842 of 17
May 2006
Regulation (EC) 842/2006 of the European Parliament and Council of 17 May
2006 on certain fluorinated greenhouse gases.
REGULATION (EC) 303/2008
OF THE COMMISSION
of 2 April 2008.
Which lays down, in accordance with Regulation (EC) 842/2006 of the
European Parliament and Council, the minimum requisites and the conditions
for reciprocal recognition of certification of companies and personnel as
regards fixed refrigeration equipment, air conditioning and heat pumps
containing certain fluorinated greenhouse gases.
Waste
Law 70/94
Regulations for the simplification of formalities on the environment, health
and public safety, and for the implementation of an eco-management and
environmental audit system.
Law 70/94
Implementation of the EEC Directives 91/156 on waste, 91/689 on dangerous
waste, and 94/62 on packaging and packaging waste, as modified by Lgs.
Dec. 389 of 8/11/97.
Directive 09/04/2002
Indications for the correct and full application of community regulation
2557/2001 on shipments of waste and in relation to the new list of waste
products.
Leg. Dec. 507 of 15/11/1993
Revision and harmonization of the municipal tax on advertising and on duties
on public bill posting, of the tax on the occupation of public spaces and
areas of municipalities and provinces, and on the tax on disposal of urban
solid waste pursuant to art. 4 of Law 421 of 23 October 1992, on the
reorganization of territorial finance.
MD 145 of 01/04/1998
Regulations containing the definition of the model and contents of forms to
accompany waste under the terms of Articles 15, paragraph 2, letter e), and
18, paragraph 4, of Legislative Decree 22 of 5 February 1997.
MD 05.02.1998
Identification of non-dangerous waste subject to simplified recovery procedures
under the terms of Articles 31 and 33 of Legislative Decree 22 of 5 February
1997.
MD 148 of 01/04/1998
Regulations containing approval of the model of registers for the loading
and unloading of waste under the terms of Articles 12, paragraph 2, letter m),
and 18, paragraph 4, of Legislative Decree 22 of 5 February 1997.
MD 161 of 12/06/2002
Regulation implementing Articles 31 and 33 of Legislative Decree 22 of
5 February 1997, on the identification of dangerous waste which can be
admitted to the simplified procedures.
MD 3 August 2005
Criteria for the admissibility of waste at landfill sites
Legislative Decree 151
of 25 July 2005
Implementation of Directives 2002/95/EC and 2003/108/EC in relation to
reduction of the use of dangerous substances in electrical and electronic
equipment, and to waste disposal.
2009 Environmental Statement
48
Continued: (Waste).
Lgs. Dec. 152 of 03/04/2006
As modified by:
- Legislative Decree 284
of 8 November 2006;
- Lgs. Dec. 4/2008.
Environmental regulations – Part four – Title I – Title II – Title III
Resolution 26/04/2006
Registration in the National Roll of Environmental Managers, under the terms
of Article 212, paragraph 8, of Legislative Decree 152 of 3 April 2006.
Decree 186 of 5 April 2006
Regulation containing modifications to Ministerial Decree of 5 February 1998
“Identification of non-dangerous waste subject to simplified recovery procedures,
under the terms of Articles 31 and 33 of Legislative Decree 22 of 5 February
1997”.
Decree of 2 May 2006
Establishment of the list of waste products, in accordance with Article 1,
paragraph 1, letter A), of Directive 75/442/EC and Article 1, paragraph 4,
of Directive 91/689/EC, as per the decision of the Commission 2000/532/EC
of 3 May 2000.
Decree of 2 May 2006
Approval of the model of registers for the loading and unloading of waste under
the terms of Article 195, paragraphs 2, letter n), and 4, of Legislative Decree
152 of 3 April 2006.
Noise in external environments
PM. DEC. 01.03.2001
Maximum limits for exposure to noise in habitations and the external
environment.
Law 447 of 26/10/1995
Framework law on acoustic pollution
PM. DEC. 14.11.1997
Determination of limit values of sound sources
P.M. DEC. of 05/12/1997
Determination of passive acoustic requisites of buildings
M. DEC. of 16/03/1998
Techniques for detection and measurement of acoustic pollution
Order of the City of Milan
Municipal regulation on acoustic zoning
Electromagnetic fields
Law 36 of 22/02/2001
Framework law on protection from exposure to electrical, magnetic and
electromagnetic fields.
PM. DEC. 08/07/2003
Establishment of exposure limits, attention thresholds and quality objectives
for protecting the population from exposure to electrical, magnetic and
electromagnetic fields generated by frequencies of between 100 kHz and 300
GHz.
Reference legislation
49
Fire prevention
Circular 91 of 14/09/1961
Safety regulations for fire protection of buildings with steel structures used for
civil purposes.
MD 16.02.1982
Modifications of Ministerial Decree 27 September 1965, concerning the
determination of activities subject to fire prevention visits.
PRES. DEC. 577 of
29.07.1982
Approval of regulations on the performance of fire services.
MD 30.11.1983
Terms, general definitions and graphic symbols for fire prevention
MD 08.03.1985
Directives on the most urgent and essential fire prevention measures for the
purposes of issue of provisional authorization as per Law 818 of 7/12/84.
Law 46 of 05/03/1990
Regulations for plant safety.
PRES. DEC. 447
of 06/12/1991
Regulations implementing Law 46 of 5 March 1990, on plant safety.
MD 12/04/1996
Approval of technical rules for fire prevention for the design, construction and
operation of heating systems fired by gaseous fuels.
M. D. of 04/05/1998.
Rules on the methods of presentation and the content of applications for the
start of fire prevention proceedings, and on uniformity of ancillary services
rendered by Provincial Fire Brigades.
PRES. DEC. 37 of 12/01/1998
Regulations on fire prevention proceedings, pursuant to Art. 20, paragraph 8,
Law 59 of 15 March 1997.
MD 10/03/1998
General criteria on fire safety and the management of emergencies in the
workplace.
Interior M. D. of 07/01/2005
Technical and procedural rules for the classification and homologation of
portable fire extinguishers.
Lgs. Dec. 81/2008.
Consolidated Act on Safety.
Radon
Legislative Decree 241
of 26/5/2000
Implementation of Directive 96/29/EURATOM on the protection of the health
of workers and the general public against the dangers arising from ionizing
radiation
CIRCULAR 5/2001
8 January 2001
Ministry of Employment
and Social Security
RE: Legislative Decree 241 of 26/5/2000
2009 Environmental Statement
50
Other formalities of general interest
Regional laws of specific
application
Regulations on planning permissions/authorizations
Standards agreed to voluntarily and “other prescriptions”
Circular Letter of the APAT
to inspectors
Revision of Appendix I-A of EC Regulation 761/01 and technical standards
(15-07-2005)
EC Regulation 761/2001
of 19/03/2001
Voluntary participation of organizations in a Community eco-management and
audit system (EMAS)
Commission Recommendation
of 10 July 2003
Guidance for the implementation of Regulation (EC) No 761/2001 of
the European Parliament and Council allowing voluntary participation by
organizations in a Community eco-management and audit system (EMAS)
concerning the selection and use of environmental performance indicators
Commission Recommendation
of 7 September 2001
On guidance for the implementation of Regulation (EC) No 761/2001 of
the European Parliament and Council allowing voluntary participation by
organizations in a Community eco-management and audit system (EMAS)
Commission Decision
of 7 September 2001
On guidance for the implementation of Regulation (EC) No 761/2001 of
the European Parliament and Council allowing voluntary participation by
organizations in a Community eco-management and audit system (EMAS)
Reg. EC 196//06
Modification of App. to EC Reg No 761/2001
Act of the EMAS ECOLABEL Committee
Position of the Ecolabel Ecoaudit Committee on the Fire Prevention Certificate
(FPC)
Inspector (Certiquality)
Regulations of inspection agency DOC02 and DOC24.
Reference legislation
51
Environmental inspector and validation
The present Update of the Environmental Statement was prepared by the Corporate Sustainability organizational unit of
UniCredit S.p.A., with the support of EHS Gestione S.r.l.
The accredited Environmental Inspector which validated the Environmental Statement under the terms of Reg. EC No
761/2001 is Certiquality, via G. Giardino, 4, 20123 Milan, accreditation N° IT-V-0001.
We warmly thank all our colleagues and the Organizational Units for their precious contribution to the collection and
analysis of the data and information presented in the document.
Contacts
Giorgio Capurri: [email protected]
UniCredit S.p.A. - Corporate Sustainability
Via Santa Margherita, 12 - 20121 Milan
Fax [+39] 02.88620051
Anna Baradà: [email protected]
Vincenzo Manfredi: [email protected]
UniCredit S.p.A. - Corporate Sustainability
Via dei Montecatini, 17 - 00186 Rome
Fax [+39] 06.54458688
[email protected]
www.UniCreditgroup.eu
2009 Environmental Statement
52
Appendix 1. Quantitative compendium
of environmental data attributable to the
sites taken into consideration
Table 15
2007
Electricity
Kwh
Fuel oil
Litres
Natural Gas
M
Water
Paper (A3 and A4)
Special waste
Dangerous waste
Cordusio
Sant’Elia
Bodio
Total
2,604,180
1,606,268
780,533
4,990,980
53,273
55
0
53,329
3
0
2,484
13,737
16,221
3
12,217
9,496
4,952
26,665
232,930
195,800
717,330
M
White
Kg
6,926
Recycled
Kg
81,600
Paper and cardboard Kg
288,600
Toner
Kg
1,185
1,920
1,245
4,350
Bulky
Kg
20,420
44,490
3,460
68,370
Infirmary
Kg
123
77
78
278
Cordusio
Sant’Elia
Bodio
Total
2,554,723
1,471,458
692,945
4,719,126
2008
Electricity
Kwh
Fuel oil
Litres
Natural Gas
M
Water
Paper (A3 and A4)
Special waste
Dangerous waste
70,244
375
0
70
3
0
771*
10,730
11,501
3
15,527
14,355
3,396
33,278
M
White
Kg
24,721
Recycled
Kg
61,200
Paper and cardboard Kg
323,820
249,240
204,580
777,640
Toner
Kg
1,630
770
1,700
4,100
Bulky
Kg
19,240
20,990
5,330
45,560
Infirmary
Kg
76
57
47
180
st
1 half 2009
Electricity
Kwh
Fuel oil
Litres
Natural Gas
M
Water
Paper (A3 and A4)
Special waste
Dangerous waste
Cordusio
Sant’Elia
Bodio
Total
2,419,792
1,911,104
670,337
5,001,233
101,536
1,162
0
102,698
3
0
2,568
15,333
17,902
3
9,359
971
1,266
11,596
M
White
Kg
25,200**
Recycled
Kg
163,080**
162,110
132,980
106,000
133,697
Toner
Paper and cardboard Kg
Kg
430
1,000
720
2,150
Bulky
Kg
7,570
0
550
8,120
Infirmary
Kg
30
23
24
77
* The 2008 figure is partial owing to a fault in the meter from July 2008.
** Figures for the first 9 months
of the year.
Appendix 1. Quantitative compendium of environmental data attributable to the sites taken into consideration/
Appendix 2. Technical Schedule - Data on personnel and surface areas used for calculation of the environmental
indicators for the sites taken into consideration
53
Appendix 2. Technical Schedule - Data
on personnel and surface areas used for
calculation of the environmental indicators
for the sites taken into consideration
Table 16
31/12/2007
Area m2
m2 occupied by UniCredit Holding
% occupied by UniCredit Holding
Cordusio
50,575
14,325
28%
Sant’Elia
108,036
6,338
6%
Bodio
36,548
4,800
13%
TOTALS
195,159
25,463
13%
31/12/2008
Area m2
m2 occupied by UniCredit Holding
% occupied by UniCredit Holding
Cordusio
50,575
14,325
28%
Sant’Elia
108,036
6,574
6%
Bodio
36,548
4,783
13%
TOTALS
195,159
25,682
13%
30/06/2009
Area m2
m2 occupied by UniCredit Holding
% occupied by UniCredit Holding
Cordusio
47,294
26,902
57%
Sant’Elia
34,631
10,128
29%
Bodio
101,858
18,689
18%
TOTALS
183,783
55,719
30%
31/12/2007 Total workers in Building Of which employees of UniCredit Holding % employees of UniCredit Holding
Cordusio
1,314
803
61%
Sant’Elia
1,350
144
11%
690
255
37%
3,354
1,202
36%
Bodio
TOTALS
31/12/2008 Total workers in Building Of which employees of UniCredit Holding % employees of UniCredit Holding
Cordusio
1,284
770
60%
Sant’Elia
933
133
14%
Bodio
700
250
36%
2,917
1,153
39%
TOTALS
30/06/2009 Total workers in Building Of which employees of UniCredit Holding % employees of UniCredit Holding
Cordusio
1,300
780
60%
Sant’Elia
1,350
300
22%
Bodio
1,260
40
3%
TOTALS
3,910
1,120
29%
Total employees of UniCredit Holding
31/12/2007
2,513
31/12/2008
4,107
10/09/2009
4,360
2009 Environmental Statement
54
55
GRAPHIC
DEVELOPMENT
AND COMPOSITION
Mercurio S.r.l.
Studi di promozione pubblicitaria
Milan
www.mercurioitaly.it
REG. NO. IT - 000124
UniCredit S.p.A. Sede Sociale: Roma, via A. Specchi, 16 - Direzione Generale: Milano, piazza Cordusio
Iscrizione al Registro delle Imprese di Roma - Codice fiscale e partita IVA n° 00348170101
Iscritta all’Albo delle Banche e Capogruppo del Gruppo Bancario UniCredit - Albo dei Gruppi Bancari cod. 3135.1
Aderente al Fondo Interbancario di Tutela dei Depositi - Capitale sociale: euro 7.170.400.150,00 interamente versato
SEINOMRAH DETCETORP