Union Bank of the Philippines Sustainability Profile
Union Bank of the Philippines, commonly referred to as UnionBank, is a leading financial institution headquartered in Pasig City, Philippines. Established in 1982, the bank has grown to become a significant player in the Philippine banking industry, with a strong presence in both urban and rural regions across the country. UnionBank offers a diverse range of financial services, including retail banking, corporate banking, investment banking, and digital banking solutions. Notably, the bank is recognised for its innovative approach to technology, providing unique digital platforms that enhance customer experience. With a commitment to sustainability and financial inclusion, UnionBank has achieved several milestones, including awards for its digital transformation initiatives. Its market position is bolstered by a reputation for reliability and customer-centric services, making it a preferred choice for individuals and businesses alike.
DitchCarbon Score
How does Union Bank of the Philippines'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 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 the Philippines's score of 19 is lower than 87% 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 the Philippines's reported carbon emissions
Union Bank of the Philippines currently does not have available carbon emissions data, as indicated by the absence of specific figures for recent years. Consequently, there are no reported emissions in terms of Scope 1, 2, or 3. Additionally, the bank has not established any documented reduction targets or climate pledges at this time. As a financial institution, Union Bank of the Philippines is positioned within an industry increasingly focused on sustainability and climate commitments. While specific initiatives or targets are not detailed, the bank's engagement in climate-related efforts may evolve as global standards and expectations for corporate responsibility continue to rise. For now, the absence of emissions data and reduction initiatives suggests that Union Bank of the Philippines has yet to formalise its climate strategy or publicly commit to specific sustainability goals.
How Carbon Intensive is Union Bank of the Philippines's Industry?
How Carbon Intensive is Union Bank of the Philippines's Location?
Union Bank of the Philippines'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 the Philippines 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.
