United Bank for Africa Plc Sustainability Profile
United Bank for Africa Plc (UBA) is a leading financial institution headquartered in Nigeria, with a significant presence across 20 African countries and global offices in key financial centres. Established in 1961, UBA has evolved into a major player in the banking industry, offering a diverse range of services including retail banking, corporate banking, investment banking, and asset management. The bank is renowned for its innovative digital banking solutions, which enhance customer experience and accessibility. UBA's commitment to financial inclusion and its robust network of over 1,000 branches position it as a trusted partner for millions of customers. With numerous accolades, including recognition as one of Africa's most admired brands, UBA continues to set benchmarks in the banking sector, driving economic growth across the continent.
DitchCarbon Score
How does United Bank for Africa 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
United Bank for Africa Plc's score of 25 is lower than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
United Bank for Africa Plc's reported carbon emissions
In 2023, United Bank for Africa Plc (UBA), headquartered in Nigeria (NG), reported total carbon emissions of approximately 819,757,860 kg CO2e across all scopes. This includes about 21,918,860 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and approximately 33,058,230 kg CO2e from Scope 2 emissions, which are indirect emissions from the generation of purchased electricity, steam, heating, and cooling. The majority of their emissions, about 819,757,860 kg CO2e, fall under Scope 3, which encompasses all other indirect emissions that occur in the value chain. Despite the significant emissions reported, UBA has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. There are no climate pledges or commitments to science-based targets (SBTi) noted in their sustainability reporting. The absence of reduction initiatives suggests that UBA may be in the early stages of developing a comprehensive climate strategy. As a financial institution, UBA's emissions profile reflects the broader industry context, where banks are increasingly being called upon to address their environmental impact and contribute to climate action. However, without specific targets or commitments, UBA's current stance on climate action remains unclear.
How Carbon Intensive is United Bank for Africa Plc's Industry?
How Carbon Intensive is United Bank for Africa Plc's Location?
United Bank for Africa 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.
United Bank for Africa 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.
