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 66% 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 for Africa Plc's reported carbon emissions
In 2023, United Bank for Africa Plc (UBA) reported total carbon emissions of approximately 859,000,000 kg CO2e. This figure includes Scope 1 emissions of about 21,919,860 kg CO2e, Scope 2 emissions of approximately 33,058,230 kg CO2e, and Scope 3 emissions amounting to around 819,757,860 kg CO2e. Despite the significant emissions, UBA has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The bank's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. As UBA continues to operate in Nigeria, it is essential for the bank to enhance its sustainability efforts and consider establishing measurable reduction targets to align with global climate goals.
How Carbon Intensive is United Bank for Africa Plc's Industry?
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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.
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