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 10 is lower than 95% 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 a total Scope 1 and Scope 2 emissions intensity of approximately 0.0 kg CO2e per rupee of turnover, indicating a commitment to minimising its carbon footprint. For 2024, the emissions intensity remained at about 3.8e-06 kg CO2e per rupee of turnover. However, specific absolute emissions data for Scope 1, Scope 2, and Scope 3 are not disclosed, suggesting a potential area for improvement in transparency. City Union Bank has not set specific reduction targets or climate pledges, nor does it appear to have cascaded emissions data from a parent organisation. The bank's current emissions reporting reflects a focus on maintaining low emissions relative to its revenue, aligning with industry standards for sustainability. Overall, while City Union Bank demonstrates a commitment to reducing its carbon intensity, further disclosure and concrete reduction targets would enhance its climate strategy and accountability.
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.
