UNITED ARAB BANK Sustainability Profile
United Arab Bank (UAB), headquartered in the United Arab Emirates (AE), is a prominent player in the banking and financial services industry. Established in 1975, UAB has grown to serve a diverse clientele across the UAE, with a focus on retail, corporate, and investment banking. The bank offers a range of core products and services, including personal loans, credit cards, and business financing solutions, distinguished by their customer-centric approach and innovative digital banking capabilities. UAB has achieved significant milestones, positioning itself as a trusted financial partner in the region, recognised for its commitment to excellence and sustainable growth. With a strong market presence, United Arab Bank continues to adapt to the evolving financial landscape, ensuring it meets the needs of its customers while contributing to the economic development of the UAE.
DitchCarbon Score
How does UNITED ARAB BANK'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
UNITED ARAB BANK's score of 22 is lower than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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UNITED ARAB BANK's reported carbon emissions
In 2024, United Arab Bank (UAB) reported total carbon emissions of approximately 2,246,920 kg CO2e, comprising 19,920 kg CO2e from Scope 1 and 2,226,000 kg CO2e from Scope 2 emissions. This marks a significant increase in emissions compared to 2021, when the bank's total emissions were about 345,820 kg CO2e, with Scope 2 emissions alone accounting for 346,000 kg CO2e. UAB has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. The bank has not set specific reduction targets or initiatives as part of its climate commitments, nor has it participated in initiatives such as the Science Based Targets initiative (SBTi) or the Carbon Disclosure Project (CDP) that would typically guide emissions reduction strategies. The emissions data is not cascaded from any parent organization, and all figures are reported directly by United Arab Bank P.J.S.C. As the bank continues to assess its environmental impact, there may be opportunities to enhance its sustainability efforts and align with industry standards for carbon reduction.
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| 2021 | 2024 | |
|---|---|---|
| Scope 1 | - | 00,000 |
| Scope 2 | 346,000 | 0,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is UNITED ARAB BANK's Industry?
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UNITED ARAB BANK'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.
UNITED ARAB BANK 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.
