Union Bank Of
Union Bank of India, a prominent player in the Indian banking sector, is headquartered in Mumbai, Maharashtra. Established in 1919, the bank has grown to become one of the largest public sector banks in India, serving millions of customers across the country and internationally. Union Bank operates primarily in the financial services industry, offering a comprehensive range of products including personal banking, corporate banking, and wealth management. Its unique blend of traditional banking services and innovative digital solutions sets it apart in a competitive market. With a strong emphasis on customer service and financial inclusion, Union Bank has achieved significant milestones, including its merger with Andhra Bank and Corporation Bank in 2020, enhancing its market position. The bank continues to be recognised for its commitment to sustainable banking practices and technological advancements.
DitchCarbon Score
How does Union Bank Of'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 Services Auxiliary to 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
Union Bank Of's score of 22 is lower than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Union Bank Of's reported carbon emissions
In 2023, Union Bank Of reported total carbon emissions of approximately 515,926,000 kg CO2e, comprising 274,042,000 kg CO2e from Scope 1 and 241,884,000 kg CO2e from Scope 2. This represents a slight decrease in emissions compared to 2022, where total emissions were about 476,672,000 kg CO2e, with Scope 1 at 283,485,000 kg CO2e and Scope 2 at 193,187,000 kg CO2e. Union Bank Of has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. However, the bank's emissions intensity has improved, with emissions per rupee of turnover decreasing from 0.0000702 kg CO2e in 2022 to 0.0000639 kg CO2e in 2023. This indicates a commitment to enhancing operational efficiency and reducing carbon intensity. Overall, while Union Bank Of has made progress in reducing its emissions intensity, further transparency regarding specific climate commitments and reduction targets would strengthen its sustainability profile.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 283,485,000 | 000,000,000 |
| Scope 2 | 193,187,000 | 000,000,000 |
| 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.
Union Bank Of is not committed to any reduction initiatives 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.
