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Public Profile
Financial Intermediation
BD
updated 10 days ago

Union Bank PLC.

Company website

Union Bank PLC, headquartered in Bangladesh, is a prominent player in the banking and financial services industry. Established in 1999, the bank has made significant strides in providing innovative banking solutions across the country, with a strong presence in major operational regions including Dhaka and Chittagong. Specialising in retail banking, corporate banking, and SME financing, Union Bank PLC offers a diverse range of products and services tailored to meet the needs of its customers. Its unique approach to customer service and commitment to technological advancement have positioned it as a trusted financial partner. With a focus on sustainable growth and community development, Union Bank PLC has achieved notable milestones, reinforcing its reputation as a reliable institution in the Bangladeshi banking sector.

DitchCarbon Score

How does Union Bank PLC.'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.

23

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.

27

Industry Benchmark

Union Bank PLC.'s score of 23 is lower than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.

32%

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Union Bank PLC.'s reported carbon emissions

In 2024, Union Bank PLC reported total carbon emissions of approximately 1,505,000 kg CO2e. This figure includes Scope 1 emissions of about 267,000 kg CO2e, which encompasses direct emissions from owned or controlled sources, and Scope 2 emissions of approximately 1,238,000 kg CO2e, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Currently, Union Bank PLC has not established any specific reduction targets or initiatives, nor do they participate in the Science Based Targets initiative (SBTi). There are no emissions data inherited from a parent company, indicating that all reported figures are directly from Union Bank PLC. The bank's commitment to addressing climate change is evident, although specific pledges or initiatives have not been disclosed. As the financial sector increasingly prioritises sustainability, Union Bank PLC's emissions data and future commitments will be crucial in aligning with industry standards and expectations.

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2024
Scope 1
267,000
Scope 2
1,238,000
Scope 3
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Union Bank PLC.'s primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Union Bank PLC. is in BD, which has a medium grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Union Bank PLC. is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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