Union Bank Of

Union Bank Of's reported carbon emissions

Union Bank of India, headquartered in India and operating within the financial intermediation services sector, has reported its carbon emissions. For the year 2025, the bank's total emissions are approximately 32.64 billion kg CO2e. This comprises Scope 1 emissions of approximately 11.17 million kg CO2e, Scope 2 emissions of approximately 166.96 million kg CO2e, and Scope 3 emissions totalling approximately 32.46 billion kg CO2e. Scope 3 emissions include significant contributions from investments, which are approximately 32.23 billion kg CO2e, and employee commute at approximately 100.68 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 approximately 154.95 million kg CO2e. Scope 3 emissions data were not disclosed for this year. For 2023, the bank's Scope 1 emissions were approximately 274.04 million kg CO2e, and Scope 2 emissions were approximately 241.88 million kg CO2e. Scope 3 emissions were not reported for 2023. Similarly, in 2022, Scope 1 emissions were approximately 283.49 million kg CO2e, and Scope 2 emissions were approximately 193.19 million kg CO2e, with no Scope 3 data available. Union Bank of India has established significant climate commitments. The bank aims to achieve carbon-neutral status by 2030, focusing on reducing the carbon footprint of its operations and aligning its products and services with the United Nations Sustainable Development Goals. Furthermore, the bank has a long-term ambition to be net-zero by 2070 and is committed to aligning its financing portfolio with the goals of the Paris Climate Agreement.