Uniondigital Bank Inc. Sustainability Profile
UnionDigital Bank Inc., headquartered in the Philippines, is a pioneering digital bank that has rapidly established itself in the fintech industry since its inception in 2021. With a focus on providing innovative banking solutions, UnionDigital Bank caters primarily to the needs of the unbanked and underbanked populations across the nation. The bank offers a range of core products and services, including digital savings accounts, loans, and payment solutions, all designed to enhance financial inclusion. What sets UnionDigital Bank apart is its commitment to leveraging technology to deliver seamless and user-friendly banking experiences. As a subsidiary of Union Bank of the Philippines, UnionDigital Bank has quickly gained recognition for its customer-centric approach and has achieved significant milestones in the digital banking landscape, positioning itself as a key player in the evolving financial services sector.
DitchCarbon Score
How does Uniondigital Bank Inc.'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 Services Auxiliary to 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
Uniondigital Bank Inc.'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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Uniondigital Bank Inc.'s reported carbon emissions
Uniondigital Bank Inc., headquartered in the Philippines, currently does not have specific carbon emissions data available for the most recent year. The bank's emissions data is cascaded from its parent company, Union Bank of the Philippines, which is at a cascade level of 1. As such, any climate commitments or emissions figures would be reflective of the broader initiatives undertaken by Union Bank of the Philippines. At this time, Uniondigital Bank Inc. has not established specific reduction targets or initiatives, nor does it participate in the Science Based Targets initiative (SBTi). The absence of documented reduction targets suggests that the bank is still in the early stages of formalising its climate commitments. In the context of the banking industry, it is increasingly important for financial institutions to adopt robust climate strategies and transparency in emissions reporting. As Uniondigital Bank Inc. continues to develop its sustainability framework, it may look to align with industry standards and best practices to enhance its environmental impact and accountability.
How Carbon Intensive is Uniondigital Bank Inc.'s Industry?
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Uniondigital Bank Inc.'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.
Uniondigital Bank Inc. 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.
