Union Bank Of

Union Bank Of, an Indian-headquartered company in the Services auxiliary to financial intermediation industry, reported its 2025 carbon emissions at approximately 32.6 billion kg CO2e. This total comprises Scope 1 emissions of 11,166,310 kg CO2e, Scope 2 emissions of 166,961,240 kg CO2e, and Scope 3 emissions of 32,464,378,000 kg CO2e. Key contributors to Scope 3 emissions include investments at 32,229,644,000 kg CO2e, employee commute at 100,677,000 kg CO2e, and fuel and energy related activities at 41,347,000 kg CO2e.

In 2024, Union Bank Of's Scope 1 emissions were 8,605,560 kg CO2e and Scope 2 emissions were 154,954,460 kg CO2e. For 2023, Scope 1 emissions were 274,042,000 kg CO2e and Scope 2 emissions were 241,884,000 kg CO2e. In 2022, the company reported Scope 1 emissions of 283,485,000 kg CO2e and Scope 2 emissions of 193,187,000 kg CO2e.

The bank is committed to reducing its carbon footprint. It aims to achieve carbon-neutral status for its Scope 1 and Scope 2 emissions by 2030, aligning its operations and services with the United Nations Sustainable Development Goals. Additionally, Union Bank Of has set a long-term ambition to achieve net zero across all scopes by 2070, demonstrating its commitment to the goals of the Paris Climate Agreement.