Union Bank PLC.
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.
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 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.
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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 recognised climate pledges such as the Science Based Targets initiative (SBTi). The absence of such commitments indicates a potential area for growth in their climate strategy. As of now, there is no data cascaded from a parent or related organisation, and all emissions data is directly reported by Union Bank PLC. The bank's headquarters is located in BD, and it is essential for them to enhance their climate commitments to align with industry standards and expectations.
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| 2024 | |
|---|---|
| Scope 1 | 267,000 |
| Scope 2 | 1,238,000 |
| Scope 3 | - |
Industry emissions intensity
Location emissions intensity
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.
