Union Bank Of Sustainability Profile
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 42 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Union Bank Of's reported carbon emissions
In 2025, Union Bank Of reported significant carbon emissions, totalling approximately 11,166,310 kg CO2e for Scope 1, 166,961,240 kg CO2e for Scope 2, and a staggering 32,464,378,000 kg CO2e for Scope 3 emissions. The Scope 3 emissions included major contributions from investments (about 32,229,644,000 kg CO2e) and employee commuting (approximately 100,677,000 kg CO2e). The bank has set ambitious climate commitments, aiming for carbon neutrality by 2030 for both Scope 1 and Scope 2 emissions. Additionally, Union Bank Of has a long-term goal to achieve net-zero emissions across all scopes by 2070, aligning its financing portfolio with the Paris Climate Agreement. These commitments reflect the bank's dedication to sustainability and its alignment with the United Nations Sustainable Development Goals (SDGs). In previous years, the bank's emissions were also substantial, with 8,605,560 kg CO2e for Scope 1 and 154,954,460 kg CO2e for Scope 2 in 2024, and 274,042,000 kg CO2e for Scope 1 and 241,884,000 kg CO2e for Scope 2 in 2023. The data indicates a consistent focus on monitoring and reducing its carbon footprint, although specific Scope 3 emissions data was not disclosed for 2023 and 2024. Union Bank Of's climate strategy is not only a response to regulatory pressures but also a proactive approach to environmental stewardship, ensuring that its operations contribute positively to global climate goals.
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| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Scope 1 | 283,485,000 | 000,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | 193,187,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 00,000,000,000 |
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Union Bank Of's Scope 3 Categories Breakdown
Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 99% of Scope 3 emissions.
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Union Bank Of's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Union Bank Of has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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