Union Bank PLC. Sustainability Profile
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 17 is lower than 86% 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, comprising 267,000 kg CO2e from Scope 1 emissions and 1,238,000 kg CO2e from Scope 2 emissions. The Scope 1 emissions breakdown includes about 43,470 kg CO2e from mobile combustion, 183,200 kg CO2e from fugitive emissions, and 40,080 kg CO2e from stationary combustion. Currently, Union Bank PLC. has not set any specific reduction targets or climate pledges, nor does it report on Scope 3 emissions. The absence of reduction initiatives indicates a potential area for future commitment to climate action. As of now, the bank's emissions data is not cascaded from any parent or related organization, reflecting its independent reporting status.
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| 2024 | |
|---|---|
| Scope 1 | 267,000 |
| Scope 2 | 1,238,000 |
| Scope 3 | - |
How Carbon Intensive is Union Bank PLC.'s Industry?
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Union Bank PLC.'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 PLC. 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.
