The Student Hotel (TSH) has reached an agreement with UniCredit for social and environmental impact financing of €145 million for the development of two new locations in Rome San Lorenzo and Florence Belfiore. SACE, the financial insurance company specialised in supporting the growth and development of businesses and the Italian economy through a wide range of tools and solutions, supports the financing with a green guarantee of €54 million.
UniCredit Social Impact Banking advances social impact finance measurement standards with a dedicated system
The measurement & evaluation system has been developed with the think tank Human Foundation,
to drive greater outcomes of social impact finance projects
In line with the mission of UniCredit s Social Impact Banking (SIB) initiative, to concretely contribute to building a fairer and more inclusive society, SIB has developed a new measurement & evaluation (M&E) system together with the think tank Human Foundation, focused on advancing social impact finance measurement standards and maximising the related direct and indirect social outcomes.
The dedicated M&E system allows UniCredit SIB to consistently monitor and evaluate its social impact finance activities across all 11 Group markets where SIB is active: Austria, Bosnia & Herzegovina, Bulgaria, Croatia, Czech Republic, Germany, Hungary, Italy, Romania, Serbia and Slovakia.