UniCredit to exit thermal coal mining projects by 2023

MILAN (Reuters) - Italy's biggest bank by assets UniCredit on Tuesday pledged to fully exit thermal coal mining projects by 2023, joining a growing number of global financial companies striving to improve their green credentials.Presenting its sustainability targets a week before unveiling a new four-year plan, UniCredit also said it would raise its exposure to the renewable energy sector by a quarter to more than 9 billion euros (£7.6 billion) by 2023. France's BNP Paribas last week..