City Union Bank
City Union Bank (CUB), a prominent player in the Indian banking sector, is headquartered in Kumbakonam, Tamil Nadu. Established in 1904, the bank has a rich history and has evolved significantly over the years, marking key milestones in its journey towards becoming a trusted financial institution. CUB primarily operates in the retail banking and financial services industry, offering a diverse range of products including savings accounts, loans, and investment services. Its unique approach to customer service and community engagement sets it apart from competitors. With a strong presence in southern India, City Union Bank has garnered a reputation for reliability and innovation, making it a preferred choice for customers seeking personalised banking solutions. The bank continues to thrive, reflecting its commitment to excellence and customer satisfaction in the ever-evolving financial landscape.
DitchCarbon Score
How does City Union Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
City Union Bank's score of 19 is lower than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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City Union Bank's reported carbon emissions
In 2023, City Union Bank reported total carbon emissions of approximately 69,500 kg CO2e for Scope 1 and about 3,540 kg CO2e for Scope 2, resulting in a combined total of around 73,040 kg CO2e. This data reflects a consistent emission profile compared to 2022, where emissions were similar. However, in 2024, the bank's emissions saw a significant increase, with Scope 1 emissions rising to approximately 571,190 kg CO2e and Scope 2 emissions escalating to about 22,375,530 kg CO2e, leading to a total of around 22,946,720 kg CO2e. City Union Bank has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of defined reduction strategies indicates a need for further commitment to climate action within the banking sector. As the bank continues to operate, it is essential for them to establish clear climate commitments to align with global sustainability goals.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 69,500 | 00,000 | 000,000 |
| Scope 2 | 3,540 | 0,000 | 00,000,000 |
| Scope 3 | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
City Union Bank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
