UBA
United Bank for Africa (UBA) is a leading financial institution headquartered in Nigeria, with a significant presence across 20 African countries and global offices in London, New York, and Paris. Established in 1961, UBA has evolved into a key player in the banking industry, offering a diverse range of services including retail banking, corporate banking, investment banking, and asset management. Renowned for its innovative digital banking solutions, UBA stands out with its commitment to customer-centric services and financial inclusion. The bank has achieved notable milestones, such as being the first African bank to launch a mobile banking app and consistently ranking among the top banks in Africa by assets. With a strong market position, UBA continues to drive economic growth and development across the continent, making it a trusted partner for individuals and businesses alike.
DitchCarbon Score
How does UBA'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
UBA's score of 26 is lower than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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UBA's reported carbon emissions
In 2023, United Bank for Africa (UBA) reported total carbon emissions of approximately 22,919,253.9 kg CO2e, comprising 21,918,860 kg CO2e from Scope 1 emissions and 33,058,230 kg CO2e from Scope 2 emissions. Additionally, the bank's Scope 3 emissions were recorded at about 2,275,630 kg CO2e. This data reflects UBA's commitment to transparency in its environmental impact, although no specific reduction targets or climate pledges have been established. UBA's emissions data is not cascaded from any parent organisation, indicating that these figures are independently reported. The bank has not disclosed any initiatives related to Science-Based Targets Initiative (SBTi) or other reduction commitments, suggesting a need for further development in its climate strategy. Overall, UBA's emissions profile highlights the importance of addressing both direct and indirect emissions as part of its sustainability efforts.
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| 2023 | |
|---|---|
| Scope 1 | 21,918,860 |
| Scope 2 | 33,058,230 |
| Scope 3 | 2,275,630 |
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.
UBA 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.
