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 28 is lower than 54% 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 2023, United Bank reported total carbon emissions of approximately 21,115,240 kg CO2e. This figure includes 7,755,210 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources. Scope 2 emissions, related to the generation of purchased electricity, steam, heating, and cooling, accounted for about 9,486,620 kg CO2e. Additionally, Scope 3 emissions, which cover all other indirect emissions, totalled approximately 3,873,410 kg CO2e. Comparatively, in 2021, United Bank's total emissions were significantly lower at about 3,911,000 kg CO2e, with Scope 1 emissions at 1,094,000 kg CO2e, Scope 2 emissions at 1,604,000 kg CO2e, and Scope 3 emissions at 1,214,000 kg CO2e. This indicates a substantial increase in emissions over the two-year period. Despite the lack of specific reduction targets or climate pledges, United Bank's emissions data is cascaded from its parent organisation, reflecting a commitment to transparency in its environmental impact. The bank's emissions data is sourced from its own reporting, ensuring accuracy in its climate commitments.
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| 2021 | 2023 | |
|---|---|---|
| Scope 1 | 1,094,000 | 0,000,000 |
| Scope 2 | 1,604,000 | 0,000,000 |
| Scope 3 | 1,214,000 | 0,000,000 |
How Carbon Intensive is United Bank's Industry?
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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.
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