The issue of the fight against and adaptation to climate change involves investments by private individuals and businesses, both to comply with changes in regulations and the efficiency standards for production processes and products and also to develop and use renewable energy sources. The Group has developed specific financing, financial lease and project finance products for these purposes.
In consideration of the activities performed by the Group it has no significant direct exposure to risks connected with climate change. Minor impacts may occur in relation to supply processes, especially with regard to fuel and electricity costs and commercial and lending processes relating to the occurrence of extreme climatic events which may affect the operating capacities and solvency prospects of corporate clients (a risk which is, however, mitigated by the high sector diversification of the Group’s lending).
UBI Banca participates in the collection of information on climate change of Carbon Discosure Project (CDP).