United Bank Sustainability Profile
United Bank, officially known as United Bankshares, Inc., is a prominent financial institution headquartered in the United States. Established in 1839, it has grown to serve a diverse clientele across the Mid-Atlantic and Southeastern regions, offering a comprehensive range of banking services. As a key player in the banking industry, United Bank provides personal and commercial banking, mortgage lending, and wealth management services. Its commitment to customer service and innovative financial solutions sets it apart in a competitive market. With a strong market position, United Bank has achieved significant milestones, including strategic acquisitions that have expanded its footprint and enhanced its service offerings. The bank's dedication to community engagement and financial empowerment further solidifies its reputation as a trusted partner in the financial landscape.
DitchCarbon Score
How does United 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 Bank's score of 19 is lower than 75% 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 Bank's reported carbon emissions
In 2021, United Bank reported total carbon emissions of approximately 3,911,000 kg CO2e. This figure includes Scope 1 emissions of about 1,094,000 kg CO2e, which comprise mobile combustion (175,000 kg CO2e), fugitive emissions (914,000 kg CO2e), and stationary combustion (4,000 kg CO2e). Scope 2 emissions accounted for approximately 1,604,000 kg CO2e, while Scope 3 emissions totalled around 1,214,000 kg CO2e, primarily from purchased goods and services (6,000 kg CO2e), waste generated in operations (400 kg CO2e), and fuel and energy-related activities (1,000 kg CO2e). Currently, United Bank has not set specific reduction targets or initiatives, nor does it participate in the Science Based Targets initiative (SBTi). The emissions data is cascaded from United Bank as a current subsidiary, with no additional data sourced from parent organisations. The bank's commitment to addressing climate change remains unspecified, highlighting an opportunity for future climate action and transparency.
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| 2021 | |
|---|---|
| Scope 1 | 1,094,000 |
| Scope 2 | 1,604,000 |
| Scope 3 | 1,214,000 |
How Carbon Intensive is United Bank's Industry?
How Carbon Intensive is United Bank's Location?
United Bank's Scope 3 Categories Breakdown
A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 31% of total emissions under the GHG Protocol, with detailed category breakdown helping identify key emission sources across their value chain.
Top Scope 3 Categories
United 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 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.
