Union Bank Of

Union Bank of India, headquartered in India and operating within the services auxiliary to financial intermediation (67) industry, has reported significant carbon emissions. For the year 2025, the bank's total emissions were approximately 32.64 billion kg CO2e, encompassing Scope 1 emissions of about 11.17 million kg CO2e, Scope 2 emissions of approximately 167.0 million kg CO2e, and substantial Scope 3 emissions totalling around 32.46 billion kg CO2e. This Scope 3 total includes significant contributions from investments (about 32.23 billion kg CO2e), employee commute (approximately 100.68 million kg CO2e), and purchased goods and services (about 37.84 million kg CO2e).

In 2024, Union Bank of India reported Scope 1 emissions of approximately 8.61 million kg CO2e and Scope 2 emissions of about 155.0 million kg CO2e. Prior to this, for the year 2023, the bank's Scope 1 emissions were approximately 274.0 million kg CO2e, with Scope 2 emissions at around 241.9 million kg CO2e. In 2022, Scope 1 emissions stood at approximately 283.5 million kg CO2e, and Scope 2 emissions were about 193.2 million kg CO2e.

Union Bank of India has set ambitious climate commitments. The bank aims to achieve carbon-neutral status by 2030, with a specific focus on reducing the carbon footprint of its operations and Scope 2 emissions. Furthermore, the bank has a steadfast ambition to be net zero by 2070, aligning its financing portfolio with the goals of the Paris Climate Agreement. These commitments underscore the bank's dedication to environmental sustainability and its role in addressing climate change.