United Bank of India Sustainability Profile
United Bank of India, often referred to as UBI, is a prominent player in the Indian banking sector, headquartered in Kolkata, India. Established in 1950, the bank has a rich history marked by significant milestones, including its merger with several regional banks, which has expanded its reach across various operational regions in India. As a public sector bank, UBI offers a comprehensive range of financial services, including retail banking, corporate banking, and agricultural finance. Its unique offerings, such as customised loan products and digital banking solutions, cater to diverse customer needs. With a strong market presence, United Bank of India has earned recognition for its commitment to customer service and financial inclusion, positioning itself as a trusted institution in the competitive banking landscape.
DitchCarbon Score
How does United Bank of India'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 of India's score of 33 is higher than 55% 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 of India currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of emissions figures. The bank's climate commitments and reduction initiatives are also not detailed, with no documented reduction targets or climate pledges. However, it is important to note that United Bank of India is a merged entity and inherits emissions data from its corporate family. Specifically, emissions performance data is cascaded from Punjab National Bank, which is at a cascade level of 1. This relationship suggests that any climate initiatives or emissions metrics may be influenced by the practices and commitments of Punjab National Bank. As of now, United Bank of India has not publicly outlined specific targets for reducing carbon emissions or detailed its strategies for addressing climate change. The bank's commitment to sustainability and climate action remains unclear without further data or initiatives disclosed.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 7,866,000 | 0,000,000 |
| Scope 2 | 208,860,000 | 000,000,000 |
| Scope 3 | 96,106,674,000 | 000,000,000,000 |
How Carbon Intensive is United Bank of India's Industry?
How Carbon Intensive is United Bank of India's Location?
United Bank of India's Scope 3 Categories Breakdown
United Bank of India's Scope 3 emissions, which increased by 5% last year and increased by approximately 5% since 2023, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
United Bank of India'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 of India 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.
