We work to limit our energy consumption and continue to develop the potential of renewable energy, with a particular focus on meeting our greenhouse gas emission reduction targets.

Elsewhere, a pilot project was completed in which signage lit by LEDs was installed in three test branches. Although the signs are indistinguishable from our conventional equipment, excellent results have been achieved in terms of increased energy efficiency. The project is now being discussed with UniCredit's signage suppliers in order to assess the viability of implementing it on a larger scale. Savings are forecast to represent roughly 50 percent of the energy used by conventional signage.

The plan to optimize our space requirements throughout Europe will result in the consolidation of our real estate holdings and should have a significant impact on energy consumption. The Porta Nuova Garibaldi project in Milan is particularly significant in this regard. By the end of 2012, employees currently working in a variety of historic buildings around central Milan will be transferred to a complex of new office towers now being built in the commercial heart of the city. The new structures will meet the latest energy certification criteria.

Another significant source of energy savings involves the optimization of the technology at our data processing centers, which account for approximately 12 percent of UniCredit's consumption. At these centers, roughly half of all energy consumed is used to power computers. The rest serves auxiliary purposes, including power for air conditioning, UPS systems and transformers. Thanks to new and highly efficient technologies, it is now possible to reduce electrical consumption without reducing the reliability of our systems.